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

The Gross Domestic Product (GDP) in Ghana expanded 5.10 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 7.58 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.

      Forecast    
Ghana GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.10 1.00 25.00 -4.70 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 Tuesday, April 21, 2015.


Ghana’s Economy Grows 5.1% in Q3


Ghanaian GDP expanded 5.1 percent year-on-year in the third quarter of 2014, up from a downwardly revised 1 percent gain in the previous period. Yet, growth estimates for 2014 were revised downwards.

In the three months to September, the industrial sector recorded the highest growth rate (8.1 percent), followed by agriculture (4.4 percent) and services (3.5 percent).

The main growth drivers were financial and insurance activities (up 36.0 percent); information and communication (16.9 percent); fishing (15.5 percent); public administration (15.1 percent) and mining and quarrying (up by 14.2 percent).

In contrast, transportation contracted 12.2 percent; activities in restaurants and hotels shrank 7.5 percent; water and sewerage went down 3.7 percent and business activities declined 1.5 percent.

The government cut its 2014 growth forecasts to 3.9 percent from 6.9 percent in October of 2014. The statistical office expects the economy to expand 4.2 percent. In 2013, the country’s GDP advanced 7.3 percent.

On a quarter-on-quarter seasonally adjusted basis, the GDP advanced 0.7 percent in the third quarter of 2014.

Ghana Statistical Service | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/15/2015 6:10:55 PM


Recent Releases

Ghana GDP Expands 5.3% in Q2
The Ghanaian economy advanced 5.3 percent year-on-year in the second quarter of 2014, slowing from a 6.5 percent increase in the previous quarter. It is the lowest growth rate in three quarters as the industrial sector slumped. Published on 2014-10-23

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. Published on 2014-06-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-01-07 05:00 PM
GDP Growth Rate YoY  Q3
5.3% 4.87%


Ghana GDP Last Previous Highest Lowest Unit
GDP 38.58 49.45 49.45 1.20 USD Billion [+]
GDP Growth Rate 0.70 -0.10 8.90 -2.50 percent [+]
GDP Annual Growth Rate 5.10 1.00 25.00 -4.70 percent [+]
GDP Constant Prices 8234.70 8175.70 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 23334.10 23334.10 4047.00 GHS Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 2.50 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 3.00 Nov/14 2.80 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]