Ghana GDP Growth Rate 2006-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Ghana expanded 0.90 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Ghana averaged 2.16 percent from 2006 until 2015, reaching an all time high of 8.10 percent in the first quarter of 2012 and a record low of -2.20 percent in the fourth quarter of 2008. GDP Growth Rate in Ghana is reported by the Ghana Statistical Service.

  
Ghana GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.20 8.10 -2.20 2006 - 2015 percent Quarterly
Ghana's has one of the highest GDP per capita in West Africa. The country has a diverse and rich resource base with gold, timber, cocoa, diamond, bauxite, and manganese being the most important source of foreign trade. In 2007, an oilfield which may contain up to 3 billion barrels of light oil was discovered. Yet, in spite of abundance of natural resources, a quarter of the population lives below the poverty line. This page provides the latest reported value for - Ghana GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - Ghana GDP Growth Rate - was last refreshed on Sunday, August 2, 2015.



Ghana GDP Growth Slows in Q1


The Ghanaian economy expanded 0.9 percent on quarter in the first three months of 2015, slowing from a 1.2 percent increase in the previous period. It is the weakest growth rate in three quarters.

The agricultural sector expanded 1.1 percent, slowing from a 1.3 percent increase in Q4 and services also rose 1.1 percent, half of the 2.2 percent rise in Q4. Industrial production rose a meager 0.2 percent after showing no growth in Q4. 

Year-on-year, the economy advanced 4.1 percent in the first three months of 2015, slowing from a downwardly revised 4.5 percent increase in the previous period, but rebounding from a 3.8 percent contraction in the same period a year earlier. 

Joana Taborda | joana.taborda@tradingeconomics.com
6/23/2015 12:44:41 PM


Recent Releases

Ghana GDP Growth Slows in Q4
The Ghanaian economy expanded 1.2 percent on quarter in the last three months of 2014, slowing from a revised 2.6 percent increase in the previous period.
Published on 2015-05-04

Ghana GDP Rebounds in Q3
The Ghanaian economy expanded 0.7 percent quarter-on-quarter in the third quarter of 2014, compared with a revised 0.1 contraction in the three months to June, boosted by livestock production, finance, insurance and fishing activities
Published on 2015-01-15

Ghana GDP Growth Accelerates to 3.3% QoQ in Q2
In the second quarter of 2014, the Ghanaian economy expanded 3.3 percent over the previous quarter, compared with a 2.6 percent expansion in the previous period and driven by an increase in services activities.
Published on 2014-10-23

Ghana GDP Advances 2.6% QoQ in Q1
In the first quarter of 2014, the Ghanaian economy expanded 2.6 percent over the previous quarter, driven livestock, forestry and fishing activities.
Published on 2014-06-30


Ghana GDP Last Previous Highest Lowest Unit
GDP 38.65 48.59 48.59 1.20 USD Billion [+]
GDP Growth Rate 0.90 1.20 8.10 -2.20 percent [+]
GDP Annual Growth Rate 4.10 4.50 25.00 -3.80 percent [+]
GDP Constant Prices 8456.70 8380.50 130410.40 4410.00 GHS Million [+]
GDP per capita 775.46 759.80 775.46 320.77 USD [+]
GDP per capita PPP 3952.62 3872.83 3952.62 1919.54 USD [+]
Gross Fixed Capital Formation 21279.60 23334.10 23334.10 4047.00 GHS Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]