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

The GDP in Ghana expanded 2.50 percent year-on-year in the second quarter of 2016, following a downwardly revised 4.8 growth in the previous quarter. The slowdown was mostly due to a 49 percent fall in oil output after a technical fault at the main production vessel stopped production between March and May. GDP Annual Growth Rate in Ghana averaged 6.97 percent from 2000 until 2016, 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
2.50 4.80 25.00 -3.80 2000 - 2016 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-27 11:00 AM Q4 4.9% 3.7% 4.1%
2016-06-22 10:50 AM Q1 4.9% 4.1% 4%
2016-09-28 11:00 AM Q2 2.5% 4.8% 4.5%

Ghana Economy Advances 2.5% YoY in Q2


The GDP in Ghana expanded 2.50 percent year-on-year in the second quarter of 2016, following a downwardly revised 4.8 growth in the previous quarter. The slowdown was mostly due to a 49 percent fall in oil output after a technical fault at the main production vessel stopped production between March and May.

Year-on-year, industrial production shrank 5 percent while agriculture production grew 4.1 percent and services expanded by 6 percent. 

On a quarterly basis, the GDP advanced 0.6 percent. 

The economy advanced 3.9 percent in 2015, the lowest pace in 15 years and it is expected to expand between 4.1 percent to 4.3 percent in 2016.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
9/28/2016 5:49:01 PM

Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.30 8.10 -2.20 percent [+]
GDP Annual Growth Rate 2.50 4.80 25.00 -3.80 percent [+]
GDP 37.86 38.61 47.80 1.20 USD Billion [+]
GDP Constant Prices 8800.30 8706.00 130410.40 4410.00 GHS Million [+]
Gross Fixed Capital Formation 33043.93 29741.10 33043.93 4047.00 GHS Million [+]
GDP per capita 1696.08 1670.68 1696.08 701.53 USD [+]
GDP per capita PPP 3953.21 3894.00 3953.21 1919.60 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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Canada 0.90 Jun/16
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Estonia 0.80 Jun/16
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Japan 0.80 Jun/16
Nepal 0.77 Dec/15
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Denmark 0.40 Jun/16
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