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

Ghana´s economy advanced 9.3 percent year-on-year in the third quarter of 2017, above a 9.0 percent rise in the previous period. It is the highest growth rate since the third quarter of 2014, mainly boosted by a 72.2 percent jump in the oil and gas sector. On a quarterly basis, the economy expanded 2.5 percent. GDP Annual Growth Rate in Ghana averaged 6.91 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 Expands the Most Since 2014


Ghana´s economy advanced 9.3 percent year-on-year in the third quarter of 2017, above a 9.0 percent rise in the previous period. It is the highest growth rate since the third quarter of 2014, mainly boosted by a 72.2 percent jump in the oil and gas sector. On a quarterly basis, the economy expanded 2.5 percent.

The services sector increased 5.7 percent, higher than 5.6 percent in the previous period, mainly due to transport (2.0 percent compared to 1.9 percent in Q2) ; real estate, professional, administrative and other (7.0 percent compared to 4.9 percent), education (8.4 percent compared to 6.6 percent) and health (12.6 percent compared to 10.1 percent).

Agriculture rose 10.0 percent compared to 3.4 percent in Q2, mainly due to a 57.0 percent gain in fishing (-17.6 percent in Q2). 

The industrial sector went up 16.6 percent, easing from a 19.3 percent rise in the previous period. Growth advanced at a softer pace for mining (40.8 percent compared to 75.0 percent in Q2);  manufacturing (5.2 percent compared to 6.6 percent) while construction rose at faster pace (2.6 percent compared to 0.8 percent). 


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/21/2017 6:00:19 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-28 11:00 AM GDP Growth Rate YoY 6.6% 4.1% 4.3%
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%
2018-04-25 11:30 AM GDP Growth Rate YoY 9.3% 7.40%
2018-06-27 11:00 AM GDP Growth Rate YoY 6.70%
2018-09-26 11:15 AM GDP Growth Rate YoY 6.70%


Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.50 2.00 7.40 -2.20 percent [+]
GDP Annual Growth Rate 9.30 9.00 25.00 -3.80 percent [+]
GDP 42.69 37.54 47.81 1.22 USD Billion [+]
GDP Constant Prices 9570.62 9341.19 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 7790.18 7567.00 7790.18 5322.00 GHS Million [+]
GDP From Construction 3036.96 2950.00 3036.96 1016.30 GHS Million [+]
GDP From Manufacturing 2451.89 2387.00 2451.89 1801.31 GHS Million [+]
GDP From Mining 2375.07 2661.00 2834.00 497.40 GHS Million [+]
GDP From Services 18746.84 17734.00 18746.84 8690.40 GHS Million [+]
GDP From Transport 3837.80 3754.00 3837.80 2357.20 GHS Million [+]
GDP From Utilities 308.38 319.00 319.00 224.40 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.30 9.00 25.00 -3.80 2000 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
Brazil 1.40 Sep/17
United Kingdom 1.40 Dec/17
Switzerland 1.20 Sep/17


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