Ghana GDP

The Gross Domestic Product (GDP) in Ghana was worth 40.71 billion US dollars in 2012. The GDP value of Ghana represents 0.07 percent of the world economy. GDP in Ghana is reported by the the World Bank. From 1960 until 2012, Ghana GDP averaged 7.8 USD Billion reaching an all time high of 40.7 USD Billion in December of 2012 and a record low of 1.2 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Ghana GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
40.71 39.20 40.71 1.20 46.03 | 2014/06 1960 - 2012 USD Billion Yearly

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Ghana GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 40.71 2012-12-31 39.20 40.71 1.20 46.03 2014-06-30 USD Billion [+]
GDP Constant Prices 7430.70 2013-08-15 7393.70 130410.40 4410.00 7428.90 2014-06-30 GHS Million [+]
GDP Growth Rate 2.70 2013-12-31 -4.40 7.80 -5.90 2.18 2014-06-30 Percent [+]
GDP Annual Growth Rate 4.90 2013-12-31 4.90 19.10 2.20 2.14 2014-06-30 Percent [+]
GDP per capita 724.54 2012-12-31 686.19 724.54 324.32 805.35 2014-06-30 USD [+]
GDP per capita PPP 1764.86 2012-12-31 1671.46 1764.86 789.98 1961.71 2014-06-30 USD [+]
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GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Ghana’s Economy Advances 2.7% QoQ in Q4  
Ghana GDP growth accelerated to a quarter-on-quarter seasonally adjusted 2.7 percent in the last three months of 2013. Figures for the previous quarter were revised to show a 4.4 percent contraction, down from a 0.5 percent expansion initially reported.
Ghana GDP Expands 4.9% YoY in Q4  
Ghana's economy advanced 4.9 percent year-on-year in the fourth quarter of 2013. It is the slowest expansion since the third quarter of 2010. Considering the full year, the GDP expanded 7.1 percent.
Ghana Inflation Rate Rises to 4-Year High  
Ghana annual inflation rate increased even further to 14.5 percent in March of 2014. Consumer prices accelerated for the seventh consecutive month, recording the highest inflation rate since February of 2010.
Ghana Inflation Rate at 14% in February  
Ghanaian consumer prices kept its upward trend and rose 14 percent in February of 2014, up from 13.8 percent in January. The inflation rose for the sixth straight month, driven by higher fuel prices, mainly kerosene and transport and dairy costs.
Ghana Inflation Rate Up to 4-Year High  
In January of 2014, Ghana’s annual inflation rate accelerated to 13.8 percent from 13.5 percent in the last month of 2014. It is the highest growth rate since February of 2010.
Lower Gold Production Hurts Ghana GDP  
Ghanaian economy slowed sharply in the third quarter of 2013 and rose a meager 0.5 percent over the previous quarter, down from a 3.9 percent expansion in the previous three-month period. A sharp fall in global gold prices prompted some mines to cut production.
Ghana Q3 2013 GDP Disappoints  
In the third quarter of 2013, Ghana’s GDP growth slowed sharply to 0.3 percent year-on-year from 6.1 percent in the previous quarter, hurt by lower gold and oil production.
Ghana Inflation Rate Edges Up to 13.5% in December  
In December of 2013, Ghana annual inflation rate accelerated for the fourth straight month to 13.5 percent from 13.2 percent recorded in November. It is the highest rate in almost four years, mainly due to higher prices of water supply, electricity, transport, kerosene and gas.
Ghana Inflation Rate Slightly Up to 13.2% in November  
In November of 2013, Ghana’s inflation rate rose marginally to 13.2 percent, from 13.1 percent in October, driven by higher housing, water, electricity, gas, fuel and transport prices.
Ghana Inflation Rate Accelerates to 13.1% in October  
In October of 2013, Ghana’s annual inflation rate rose to a fresh three-year high of 13.1 percent, from 11.9 percent in September. The rise is mainly due to higher cost of non-food items like housing, gas, water, fuels, transport and clothing.
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Hong Kong Unemployment Rate Unchanged in March  
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Japanese Trade Deficit Widens in March  
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