Ghana GDP Annual Growth Rate 2000-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Ghana expanded 4.10 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 7.37 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.

      Forecast
Ghana GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.50 25.00 -3.80 2000 - 2015 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. Content for - Ghana GDP Annual Growth Rate - was last refreshed on Thursday, July 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-01-07 05:00 PM Q3 5.3% 4.87%
2015-06-17 12:00 PM Q1 4.1% 4.6%


Ghana Economy Grows 4.1% in Q1


The Ghanaian GDP expanded 4.1 percent year-on-year in the first three months of 2015, rebounding from a downwardly revised 3.8 percent contraction in the first quarter of 2014.

The agriculture sector rose 7.4 percent year-on-year, services advanced 4.7 percent and industrial production expanded 0.9 percent.  

In the last three months of 2014, the GDP advanced a revised 4.5 percent, less than a 4.6 percent expansion initially reported.

In the last 2 years the economic growth was much below potential as the country faced a power crisis. While energy demand rises at 10 percent a year, blackouts became more frequent due to low water dam levels and lack of gas to power thermal plants.

For 2015, the government expects growth of 3.9 percent, well below the 7.4 percent average in the last fifteen years.

Joana Taborda | joana.taborda@tradingeconomics.com
6/23/2015 11:58:36 AM


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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.
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Ghana GDP Last Previous Highest Lowest Unit
GDP 38.58 49.45 49.45 1.20 USD Billion [+]
GDP Growth Rate 0.90 1.20 8.10 -2.20 percent [+]
GDP Annual Growth Rate 4.10 4.50 25.00 -3.80 percent [+]
GDP Constant Prices 8456.70 8380.50 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 21279.60 23334.10 4047.00 GHS Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]