Ghana GDP Annual Growth Rate  2000-2018 | Data | Chart | Calendar

Ghana's economy expanded by 8.1 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 9.7 percent growth in the previous three-month period. Considering 2017 full year, the economy grew by 8.5 percent, the fastest rate in five years, mainly boosted by oil and gas production. GDP Annual Growth Rate in Ghana averaged 6.94 percent from 2000 until 2017, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -3.80 percent in the first quarter of 2014.

Ghana GDP Annual Growth Rate
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Ghana GDP Growth Eases to 8.1% in Q4


Ghana's economy expanded by 8.1 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 9.7 percent growth in the previous three-month period. Considering 2017 full year, the economy grew by 8.5 percent, the fastest rate in five years, mainly boosted by oil and gas production.

The services sector rose 3.4 percent, lower than 5.5 percent in the previous period, mostly due to slower growth in health (24.2 percent compared to 32.1 percent in Q3); education (24.2 percent compared to 32.1 percent) and real estate, professional, administrative and other (3.3 percent compared to 9.0 percent). Additionally, output contracted in public administration (-4.0 percent compared to 4.0 percent) and transport (-3.2 percent compared to 1.2 percent).

Agriculture increased 8.5 percent, slowing from a 9.8 percent in the previous quarter, mainly due to livestock (4.6 percent compared to 6.7 percent) and fishing (4.4 percent compared to 50.6 percent). 

The industrial sector expanded 17.5 percent, higher than a 17.1 percent in the third quarter. Growth advanced faster in mining (43.9 percent compared to 41.2 percent in Q3) while eased in construction (5.0 percent compared to 7.2 percent); manufacturing (1.3 percent compared to 2.5 percent); water and sewerage (3.5 percent compared to 11.2 percent) and electricity (2.8 percent compared to 13.2 percent).

Considering 2017 full year, the economy grew by 8.5 percent, the highest in five years, and after a 3.7 percent expansion in 2016.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/13/2018 12:46:09 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-27 11:15 AM GDP Growth Rate YoY 9% 6.6% 4.8%
2017-12-20 11:35 AM GDP Growth Rate YoY 9.3% 9% 7.9%
2018-04-11 12:00 PM GDP Growth Rate YoY 8.1% 9.7% 7.9%
2018-06-27 11:00 AM GDP Growth Rate YoY 8.1% 7.5%
2018-09-26 11:15 AM GDP Growth Rate YoY 7.1%
2018-12-19 11:00 AM GDP Growth Rate YoY 7.9%


Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.10 2.60 7.40 -2.20 percent [+]
GDP Annual Growth Rate 8.10 9.70 25.00 -3.80 percent [+]
GDP 42.69 37.54 47.81 1.22 USD Billion [+]
GDP Constant Prices 9792.98 9590.90 130410.40 4269.40 GHS Million [+]
Gross Fixed Capital Formation 23010.02 33043.93 33043.93 4047.00 GHS Million [+]
GDP per capita 1707.70 1686.00 1707.70 701.53 USD [+]
GDP per capita PPP 3980.20 3954.52 3980.20 1919.60 USD [+]
GDP From Agriculture 8441.00 7790.18 8441.00 5322.00 GHS Million [+]
GDP From Construction 3175.00 3036.96 3175.00 1016.30 GHS Million [+]
GDP From Manufacturing 2543.00 2451.89 2543.00 1801.31 GHS Million [+]
GDP From Mining 3606.00 2458.00 3606.00 497.40 GHS Million [+]
Gdp From Public Administration 1517.94 1495.88 1517.94 862.14 GHS Million [+]
GDP From Services 19554.00 18746.84 19554.00 8690.40 GHS Million [+]
GDP From Transport 3853.00 3837.80 3853.00 2357.20 GHS Million [+]
GDP From Utilities 329.00 308.38 329.00 224.40 GHS Million [+]


Ghana GDP Annual Growth Rate

In Ghana, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. Ghana, which exports cocoa, gold and oil was one of Africa’s best-performing economies until 2014, when it was hit by a slump in commodity prices. Ghana, which exports cocoa, gold and oil, was one of Africa’s best-performing economies until 2014, when it was hit by a slump in commodity prices. This page provides the latest reported value for - Ghana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ghana GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.10 9.70 25.00 -3.80 2000 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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