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Ghana

Headline economic indicators for Ghana, with the most recent official readings.

Prices

Prices — Ghana
Indicator Value Change
Inflation rate · 14.2% -8.64 (-37.8%)
Consumer price index · 855.8 +106.44 (+14.2%)
GDP deflator inflation · 14.4% -11.44 (-44.2%)

GDP

GDP — Ghana
Indicator Value Change
GDP growth rate · 6.0% +0.11 (+1.8%)
GDP per capita · 3,257.16 +837.91 (+34.6%)
GDP per capita, long-run history · 4,242 +51.83 (+1.2%)
GDP · 114,209,905,278.72 +30,921,319,675 (+37.1%)
GDP, PPP · 301,913,189,127 +24,731,406,584 (+8.9%)
GDP per capita, PPP · 8,610 +559.09 (+6.9%)
GDP per capita growth · 4.0% +0.15 (+3.8%)
GNI per capita · 2,630 +370.00 (+16.4%)
Agriculture to GDP · 21.3% +0.70 (+3.4%)
Industry to GDP · 29.3% +0.05 (+0.2%)
Manufacturing to GDP · 10.1% -0.46 (-4.4%)
Services to GDP · 42.9% -0.77 (-1.8%)
Household consumption to GDP · 83.0% -2.25 (-2.6%)
Gross capital formation to GDP · 9.9% -0.22 (-2.1%)
Gross savings to GDP · 12.4% +3.16 (+34.3%)

Labour

Labour — Ghana
Indicator Value Change
Unemployment rate · 3.0% +0.16 (+5.6%)
Labour force participation rate · 58.5% -0.53 (-0.9%)
Female labour force participation rate · 55.3% -0.47 (-0.8%)
Youth unemployment rate · 5.8% +0.48 (+9.0%)
Employment to population ratio · 56.8% -0.61 (-1.1%)
Employment in agriculture · 34.6% -0.61 (-1.7%)
Employment in industry · 18.3% +0.38 (+2.1%)
Employment in services · 47.2% +0.24 (+0.5%)

Money

Money — Ghana
Indicator Value Change
Broad money to GDP · 28.9% -0.98 (-3.3%)
Private sector credit to GDP · 7.9% -1.01 (-11.3%)
Bank deposit rate · 10.5% +0.00 (+0.0%)
Stock market capitalization to GDP · 14.4% +5.30 (+58.3%)
Bank nonperforming loans · 18.9% -2.87 (-13.2%)
Official exchange rate · 12.56 -1.63 (-11.5%)

Trade

Trade — Ghana
Indicator Value Change
Current account to GDP · 8.2% +6.30 (+328.5%)
Exports to GDP · 35.1% +3.28 (+10.3%)
Imports to GDP · 33.9% +1.29 (+4.0%)
Trade to GDP · 69.0% +4.58 (+7.1%)
Exports of goods and services · 29,197,465,998.86 +3,606,979,773 (+14.1%)
Imports of goods and services · 28,244,066,026.17 +1,971,966,855 (+7.5%)
Trade balance, goods and services (annual) · 9,216,608,081.97 +7,667,886,697 (+495.1%)
Current account balance (annual) · 9,392,863,466.56 +7,794,362,635 (+487.6%)
Foreign direct investment to GDP · 1.7% -0.45 (-21.2%)
Remittances received to GDP · 2.1% -1.51 (-41.6%)
Total reserves, including gold · 12,125,039,401.42 +5,007,695,659 (+70.4%)
Reserves in months of imports · 3.8 +1.22 (+47.0%)
External debt to GNI · 46.9% -8.38 (-15.2%)

Government

Government — Ghana
Indicator Value Change
Government revenue to GDP · 15.0% -0.53 (-3.4%)
Government expense to GDP · 22.7% +1.93 (+9.3%)
Tax revenue to GDP · 12.4% +0.10 (+0.8%)
Government budget balance to GDP · -1.7% +8.29 (+83.0%)
Government consumption to GDP · 4.8% -0.70 (-12.7%)
Education spending to GDP · 2.9% -0.49 (-14.4%)
Health spending to GDP · 2.9% -0.73 (-19.8%)

Demography

Demography — Ghana
Indicator Value Change
Population · 35,064,272 +636,858 (+1.8%)
Population, long-run history · 34,280 +658.29 (+2.0%)
Population growth · 1.8% -0.04 (-2.2%)
Life expectancy · 65.7 +0.20 (+0.3%)
Fertility rate · 3.34 -0.05 (-1.6%)
Birth rate · 25.9 -0.39 (-1.5%)
Death rate · 7.0 -0.03 (-0.4%)
Urban population share · 58.9% +0.56 (+1.0%)
Population aged 65 and over · 3.8% +0.08 (+2.1%)
Under-five mortality rate · 35.9 -1.30 (-3.5%)
Population density · 151.3 +2.81 (+1.9%)
Net migration · -17,079 -3,965 (-30.2%)
Gini index · 43.5 +1.10 (+2.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Ghana

Economies nearby

Comparable readings from neighbouring economies.