Ghana GDP Annual Growth Rate 2000-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Ghana expanded 6.70 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 7.69 Percent from 2000 until 2014, reaching an all time high of 19.10 Percent in the second quarter of 2011 and a record low of 2.20 Percent in the third quarter of 2009. GDP Annual Growth Rate in Ghana is reported by the Ghana Statistical Service.

 Export Data  API

Ghana GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.70 4.90 19.10 2.20 2000 - 2014 Percent Quarterly
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. This page provides - Ghana GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Ghana GDP Annual Growth Rate - was last refreshed on Thursday, August 21, 2014.

Agriculture Drives Ghana GDP Growth in Q1

The Ghanaian economy expanded 6.7 percent year-on-year in the first three months of 2014, compared with a 4.9 percent increase in the previous two quarters. Agriculture posted its fastest expansion in four years while the industrial sector contracted for the second straight quarter. In the same quarter of 2013, the economy advanced 9 percent.

The agricultural sector recorded the highest annual growth rate (12.7 percent), accelerating from a 3.4 percent expansion in the previous period. Livestock production expanded by 24.7 percent and fishing activities increased 20.0 percent.

The services sector grew 4.6 percent, slowing from a 7.2 percent increase in the previous quarter. Among services, financial and insurance activities grew the most (19.7 percent), followed by community, social and personal activities (10.7 percent) and information and communication (10.3 percent).

In contrast, the industry sector contracted 1.1 percent. Manufacturing fell 19.3 percent yoy, hurt by power and water disruptions.

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 2.6 percent in the first three months of 2014, slowing slightly from a 2.7 percent expansion in the last three months of 2014. 

Ghana Statistical Service | Isabel Felino |
6/30/2014 6:31:15 PM

Recent Releases

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. Published on 2014-04-14

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. Published on 2014-02-03

GDP Last Previous Highest Lowest Unit
GDP 47.93 41.74 47.93 1.20 USD Billion [+]
GDP Growth Rate 2.60 2.70 7.80 -5.90 Percent [+]
GDP Annual Growth Rate 6.70 4.90 19.10 2.20 Percent [+]
GDP Constant Prices 7430.70 7393.70 130410.40 4410.00 GHS Million [+]
GDP per capita 766.05 730.22 766.05 320.77 USD [+]
GDP per capita PPP 1764.86 1671.46 1764.86 789.98 USD [+]
Gross Fixed Capital Formation 21279.60 23334.10 23334.10 4047.00 GHS Million [+]

Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News