Ghana GDP Annual Growth Rate  2000-2017 | Data | Chart | Calendar

The GDP in Ghana expanded 4 percent year-on-year in the third quarter of 2016, following a downwardly revised 2.3 percent growth in the preceding quarter. The industry sector recovered (+3.9 percent from -6.5 percent in Q2) while services rose less by 4.7 percent (+5.7 percent) and agriculture grew at a slower 2.3 percent (3.6 percent). On a quarterly basis, the economy advanced 1.1 percent, compared with 0.5 percent growth in the previous quarter. GDP Annual Growth Rate in Ghana averaged 6.92 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.

Ghana GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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%
2016-12-29 11:05 AM Q3 4% 2.3% 2.9%
2017-04-26 11:00 AM Q4 3.88%
2017-06-28 11:00 AM Q1 3.83%
2017-09-27 11:00 AM Q2 3.85%




Ghana Economy Expands 4% YoY in Q3


The GDP in Ghana expanded 4 percent year-on-year in the third quarter of 2016, following a downwardly revised 2.3 percent growth in the preceding quarter. The expansion was boosted by the services sector and a recovery in industrial output after resumption of oil production from the Jubilee field. A year earlier, GDP growth was lower at 3.5 percent.

The industry sector recovered and went up 3.9 percent, following a 6.5 percent contraction in Q2. Output advanced for construction (+16.3 percent from -1.7 percent in Q2), electricity (+3.9 percent from 11.7 percent in Q2) and mining and quarrying (1.2 percent from -29 percent in Q2) but contracted for manufacturing (-6 percent from 13 percent in Q2) and water and sewerage (-7.8 percent from -8.1 percent in Q2).

The services sector rose less by 4.7 percent (5.7 percent in Q2), boosted by transport and storage (+8.6 percent from 9 percent in Q2), trade (4.1 percent, the same as in Q2), information and communication (+7.4 percent from 13.1 percent in Q2) and public administration, defense and social security (+6.1 percent from 3.8 percent in Q2).

Agriculture grew at a slower 2.3 percent (3.6 percent).


On a quarterly basis, the economy advanced 1.1 percent, compared with 0.5 percent growth in the previous quarter.
The GDP advanced 3.9 percent in 2015, the lowest pace in 15 years. The government expects the economy to expand 4.1 percent in 2016 and around 8 percent in 2017 as new offshore oil and gas comes onstream.


Ghana Statistical Service | Deborah Neves | deborah.neves@tradingeconomics.com
12/29/2016 2:37:44 PM



Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.50 8.10 -2.20 percent [+]
GDP Annual Growth Rate 4.00 2.30 25.00 -3.80 percent [+]
GDP 37.54 38.61 47.80 1.20 USD Billion [+]
GDP Constant Prices 8929.81 8851.30 130410.40 4410.00 GHS Million [+]
Gross Fixed Capital Formation 33043.93 29741.10 33043.93 4047.00 GHS Million [+]
GDP per capita 1696.64 1670.68 1696.64 701.53 USD [+]
GDP per capita PPP 3954.52 3894.00 3954.52 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 [+]



Ghana GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 2.30 25.00 -3.80 2000 - 2016 percent Quarterly
NSA



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