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

The Gross Domestic Product (GDP) in Ghana expanded 1.20 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Ghana averaged 2.16 percent from 2006 until 2014, reaching an all time high of 8.90 percent in the first quarter of 2012 and a record low of -2.50 percent in the first quarter of 2013. GDP Growth Rate in Ghana is reported by the Ghana Statistical Service.

      Forecast
Ghana GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.20 2.60 8.90 -2.20 2006 - 2014 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 - Ghana GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Ghana GDP Growth Rate - was last refreshed on Friday, May 29, 2015.


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.

Growth for the third quarter of 2014 was revised higher from an initial estimate of 0.7 percent.

Year-on-year, the economy expanded 4.6 percent, down from 10.4 percent in the previous quarter.

Considering full 2014, provisional estimates showed the GDP grew 4 percent, lower than an early estimate of 4.2 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
5/4/2015 1:08:49 PM


Recent Releases

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 Last Previous Highest Lowest Unit
GDP 38.58 49.45 49.45 1.20 USD Billion [+]
GDP Growth Rate 1.20 2.60 8.90 -2.20 percent [+]
GDP Annual Growth Rate 4.60 10.40 25.00 -2.20 percent [+]
GDP Constant Prices 8234.70 8175.70 130410.40 4410.00 GHS Million [+]
GDP per capita 766.05 730.22 766.05 320.77 USD [+]
GDP per capita PPP 3847.94 3667.98 3847.94 1891.65 USD [+]
Gross Fixed Capital Formation 21279.60 23334.10 23334.10 4047.00 GHS Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil -0.20 Feb/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Feb/15 0.60 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland -0.20 Feb/15 0.50 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States -0.70 Feb/15 2.20 16.90 -10.00 percent [+]