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

Ghana's economy advanced 4.9 percent year-on-year in the fourth quarter of 2015, compared to a 4.5 percent expansion a year earlier, preliminary estimates showed. Quarter-on-quarter, the GDP expanded 1.3 percent. Considering full 2015, the economy advanced 3.9 percent, lower than 4 percent in 2014 and the slowest growth rate in 20 years. Excluding oil, the GDP expanded 4.1 percent. 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
4.90 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-25 11:45 AM Q2 3.9% 4.1%
2015-12-23 11:00 AM Q3 3.6% 3.9%
2016-04-27 11:00 AM Q4 4.9% 3.7% 4.1%
2016-06-17 11:00 AM Q1 4.9% 4%
2016-09-26 10:45 AM Q2 4.5%

Ghana GDP Expands 4.9% in Q4


Ghana's economy advanced 4.9 percent year-on-year in the fourth quarter of 2015, compared to an upwardly revised 3.7 percent growth in the three months to September and a 4.5 percent expansion a year earlier, preliminary estimates showed. It is the highest growth rate in a year boosted by a rebound in industrial production and an acceleration in services activities.

Year-on-year, the industrial sector grew 7.2 percent, rebounding from drops in the previous two quarters, mostly boosted by mining and quarrying (+9.6 percent), construction (+6.2 percent) and manufacturing (+4.2 percent). Services advanced 5.2 percent: health and social work (+18.2 percent) and public administration and defense, social security (+17.1 percent) showed the highest growth rates. Agriculture expanded by 4 percent, due to growth in livestock (+6.5 percent), crops and cocoa (+4 percent), fishing (+3.5 percent) and forestry and lodging (+1.4 percent).

Quarter-on-quarter, the GDP expanded 1.3 percent, following a 1 percent growth in the three months to September in 2015.

Considering full 2015, the economy advanced 3.9 percent, lower than 4 percent in 2014. It was the slowest growth rate in 20 years, due to a fall in production key commodities. Cocoa bean production dropped to the lowest in five years in the last season. Gold and electricity production fell as well as oil. Excluding oil, the GDP expanded 4.1 percent.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/27/2016 5:22:53 PM

Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.00 8.10 -2.20 percent [+]
GDP Annual Growth Rate 4.90 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 [+]




Last
South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Congo 9.50 Dec/14
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
China 6.70 Mar/16
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Togo 6.00 Dec/15
Philippines 5.80 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Mozambique 5.60 Dec/15
Bhutan 5.50 Dec/14
Djibouti 5.50 Dec/14
Vietnam 5.46 Mar/16
Panama 5.30 Dec/15
Gabon 5.10 Dec/14
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Maldives 4.80 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Peru 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Malaysia 4.50 Dec/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Poland 4.30 Dec/15
Seychelles 4.30 Dec/15
Slovakia 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Guinea 4.20 Dec/14
Cuba 4.00 Dec/15
Czech Republic 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Serbia 3.50 Mar/16
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Mexico 2.90 Mar/16
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Latvia 1.80 Mar/16
Singapore 1.80 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Mar/16
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Austria 1.30 Mar/16
Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15