Ghana GDP Annual Growth Rate  2000-2016 | Data | Chart | Calendar

The economy of Ghana expanded 3.6 percent year-on-year in the third quarter of 2015, easing from a 3.9 percent growth in the previous period and 12.2 percent a year earlier. The slowdown was mainly driven by a decline in hotels and restaurants sector and drop in mining and quarrying as lower gold prices caused mines closing. The growth rate has been weakening since the last quarter of 2014 due to lower commodity prices and a fiscal crisis that has led the country to sign a three-year aid deal with the IMF in April this year. GDP Annual Growth Rate in Ghana averaged 7.20 percent from 2000 until 2015, 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. GDP Annual Growth Rate in Ghana is reported by the Ghana Statistical Service.

Ghana GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.90 25.00 -3.80 2000 - 2015 percent Quarterly
NSA
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 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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-17 12:00 PM Q1 4.1% 4.6%
2015-09-25 11:45 AM Q2 3.9% 4.1%
2015-12-23 11:00 AM Q3 3.6% 3.9%
2016-03-24 11:00 AM Q4 3.6% 3.5%
2016-06-17 11:00 AM Q1 4%
2016-09-26 10:45 AM Q2 4.5%

Ghana Annual GDP Growth Slows to 3.6% in Q3


The economy of Ghana expanded 3.6 percent year-on-year in the third quarter of 2015, easing from a 3.9 percent growth in the previous period and 12.2 percent a year earlier.

The slowdown was mainly driven by a decline in hotels and restaurants sector and drop in mining and quarrying as lower gold prices caused mines closing.

The growth rate has been weakening since the last quarter of 2014 due to lower commodity prices and a fiscal crisis that has led the country to sign a three-year aid deal with the IMF in April this year.

Ghana Statistical Services expect a 4.1 percent GDP growth for 2015, above the government's target of 3.0 percent.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/23/2015 2:05:28 PM

Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.00 8.10 -2.20 percent [+]
GDP Annual Growth Rate 3.60 3.90 25.00 -3.80 percent [+]
GDP 38.61 48.59 48.59 1.20 USD Billion [+]
GDP Constant Prices 8641.80 8537.70 130410.40 4410.00 GHS Million [+]
Gross Fixed Capital Formation 29741.10 21279.60 29741.10 4047.00 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 [+]
GDP From Agriculture 7365.00 7362.00 7365.00 5322.00 GHS Million [+]
GDP From Construction 3772.00 2888.00 3772.00 1016.30 GHS Million [+]
GDP From Manufacturing 2288.00 2335.00 2366.00 1801.30 [+]
GDP From Mining 2727.00 2834.00 2834.00 497.40 GHS Million [+]
GDP From Services 17470.00 16679.00 17470.00 8690.40 GHS Million [+]
GDP From Transport 3416.00 3646.00 3653.00 2357.20 GHS Million [+]
GDP From Utilities 307.00 266.00 307.00 224.40 GHS Million [+]




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Bosnia and Herzegovina 3.10 Sep/15
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Comoros 3.00 Dec/15
Costa Rica 3.00 Sep/15
Latvia 3.00 Dec/15
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South Korea 3.00 Dec/15
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Bulgaria 2.90 Sep/15
Georgia 2.90 Dec/15
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Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
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Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
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Israel 2.52 Sep/15
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Hungary 2.40 Sep/15
Argentina 2.30 Jun/15
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Chile 2.20 Sep/15
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Lebanon 2.00 Dec/14
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Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
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Portugal 1.40 Sep/15
Belgium 1.30 Dec/15
Serbia 1.30 Dec/15
Canada 1.20 Sep/15
Kazakhstan 1.20 Dec/15
Austria 1.10 Dec/15
Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
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South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
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Iran 0.60 Mar/15
Uruguay 0.56 Sep/15
Denmark 0.50 Sep/15
New Caledonia 0.30 Dec/14
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