Ghana Nominal GDP

2006 - 2023 | Quarterly | USD mn | CEIC Data

Key information about Ghana Nominal GDP

  • Ghana Nominal GDP reached 19.3 USD bn in Sep 2023, compared with 17.0 USD bn in the previous quarter.
  • Nominal GDP in Ghana is updated quarterly, available from Mar 2006 to Sep 2023, with an average number of 13.7 USD bn.
  • The data reached an all-time high of 22.0 USD bn in Dec 2021 and a record low of 4.4 USD bn in Mar 2006.

CEIC converts quarterly Nominal GDP into USD. Ghana Statistical Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2013 is based on SNA 1993.


Related information about Ghana Nominal GDP

  • In the latest reports, Ghana GDP expanded 0.5 % YoY in Sep 2023.
  • Its GDP deflator (implicit price deflator) increased 36.6 % in Sep 2023.
  • Ghana GDP Per Capita reached 2,353.0 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 15.4 % in Dec 2022.
  • For Nominal GDP contributions, Investment accounted for 16.2 % in Dec 2022.
  • Public Consumption accounted for 6.7 % in Dec 2022.
  • Private Consumption accounted for 77.4 % in Dec 2022.

View Ghana's Nominal GDP from Mar 2006 to Sep 2023 in the chart:

Ghana Nominal GDP

What was Ghana's Nominal GDP in Sep 2023?

Ghana Nominal GDP reached 19.3 USD bn in Sep 2023, compared with 17.0 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
19,263.7 Sep 2023 16,953.8 Jun 2023 4,393.3 Mar 2006 22,013.1 Dec 2021 USD mn quarterly Mar 2006 - Sep 2023

Nominal GDP by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) 1,020.5 Mar 2023 quarterly Mar 2008 - Mar 2023
Algeria (USD mn) 49,686.2 Sep 2022 quarterly Mar 1999 - Sep 2022
Argentina (USD mn) 161,468.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (USD mn) 4,555.0 Mar 2023 quarterly Dec 1994 - Mar 2023
Australia (USD mn) 440,146.9 Mar 2023 quarterly Sep 1959 - Mar 2023
Austria (USD mn) 117,117.1 Dec 2022 quarterly Mar 1988 - Dec 2022
Azerbaijan (USD mn) 20,960.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Bahrain (USD mn) 11,004.5 Dec 2022 quarterly Mar 2007 - Dec 2022
Bangladesh (USD mn) 460,199.8 2022 yearly 1960 - 2022
Belarus (USD mn) 16,878.2 Mar 2023 quarterly Mar 1994 - Mar 2023
Belgium (USD mn) 153,814.1 Mar 2023 quarterly Mar 1980 - Mar 2023
Bolivia (USD mn) 10,724.0 Sep 2022 quarterly Mar 1990 - Sep 2022
Bosnia and Herzegovina (USD mn) 6,170.0 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (USD mn) 5,136.2 Mar 2023 quarterly Sep 1993 - Mar 2023
Brazil (USD mn) 486,069.0 Mar 2023 quarterly Mar 1990 - Mar 2023
Brunei (USD mn) 4,130.1 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (USD mn) 24,538.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (USD mn) 29,598.9 2022 yearly 1993 - 2022
Canada (USD mn) 513,543.5 Dec 2022 quarterly Mar 1957 - Dec 2022
Chile (USD mn) 69,075.0 Sep 2022 quarterly Mar 1990 - Sep 2022
China (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (USD mn) 79,499.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Croatia (USD mn) 17,564.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Cyprus (USD mn) 7,631.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Czech Republic (USD mn) 72,034.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (USD mn) 96,987.7 Dec 2022 quarterly Mar 1990 - Dec 2022
Ecuador (USD mn) 29,334.6 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (USD mn) 108,969.4 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (USD mn) 9,214.3 Sep 2022 quarterly Mar 1995 - Sep 2022
European Union (USD mn) 4,141,831.0 Dec 2022 quarterly Mar 1999 - Dec 2022
Finland (USD mn) 73,976.2 Mar 2023 quarterly Mar 1990 - Mar 2023
France (USD mn) 689,415.2 Dec 2022 quarterly Mar 1957 - Dec 2022
Georgia (USD mn) 8,105.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Germany (USD mn) 1,072,807.2 Mar 2023 quarterly Mar 1960 - Mar 2023
Ghana (USD mn) 19,263.7 Sep 2023 quarterly Mar 2006 - Sep 2023
Greece (USD mn) 50,731.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (USD mn) 94,469.6 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (USD mn) 42,734.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Iceland (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
India (USD mn) 873,666.0 Mar 2023 quarterly Jun 1996 - Mar 2023
Indonesia (USD mn) 328,642.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (USD mn) 429,426.7 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (USD mn) 133,294.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Israel (USD mn) 133,411.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Italy (USD mn) 538,664.9 Mar 2023 quarterly Mar 1980 - Mar 2023
Ivory Coast (USD mn) 11,011.3 Sep 2022 quarterly Mar 1997 - Sep 2022
Japan (USD mn) 991,864.7 Dec 2022 quarterly Mar 1957 - Dec 2022
Jordan (USD mn) 11,474.4 Mar 2023 quarterly Mar 1992 - Mar 2023
Kazakhstan (USD mn) 76,997.7 Dec 2022 quarterly Mar 1994 - Dec 2022
Kenya (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022
South Korea (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Kosovo (USD mn) 2,968.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (USD mn) 27,984.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Kyrgyzstan (USD mn) 2,120.3 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (USD mn) 15,362.5 2022 yearly 1984 - 2022
Latvia (USD mn) 10,411.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Lebanon (USD mn) 63,482.3 2020 yearly 1997 - 2020
Lithuania (USD mn) 19,049.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Luxembourg (USD mn) 22,027.3 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 6,008.2 Dec 2022 quarterly Mar 1998 - Dec 2022
North Macedonia (USD mn) 3,828.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (USD mn) 10,862.6 2019 yearly 1960 - 2019
Malaysia (USD mn) 102,217.9 Dec 2022 quarterly Mar 1991 - Dec 2022
Malta (USD mn) 4,614.7 Mar 2023 quarterly Mar 1992 - Mar 2023
Mauritius (USD mn) 3,723.6 Dec 2022 quarterly Mar 1999 - Dec 2022
Mexico (USD mn) 372,043.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Moldova (USD mn) 3,863.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Mongolia (USD mn) 3,889.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Montenegro (USD mn) 1,835.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (USD mn) 33,460.2 Sep 2022 quarterly Mar 1990 - Sep 2022
Mozambique (USD mn) 15,777.0 2021 yearly 1963 - 2021
Myanmar (USD mn) 66,719.6 2018 yearly 2001 - 2018
Nepal (USD mn) 40,828.2 2022 yearly 2001 - 2022
Netherlands (USD mn) 272,109.1 Mar 2023 quarterly Mar 1988 - Mar 2023
New Zealand (USD mn) 58,483.4 Dec 2022 quarterly Jun 1987 - Dec 2022
Nigeria (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Norway (USD mn) 133,727.8 Dec 2022 quarterly Mar 1978 - Dec 2022
Oman (USD mn) 27,116.8 Mar 2023 quarterly Mar 2005 - Mar 2023
Pakistan (USD mn) 341,308.8 2023 yearly 2000 - 2023
Palestinian Territory (USD mn) 4,747.2 Sep 2022 quarterly Mar 2000 - Sep 2022
Panama (USD mn) 18,056.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (USD mn) 10,371.6 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (USD mn) 60,278.3 Mar 2023 quarterly Mar 1979 - Mar 2023
Philippines (USD mn) 112,472.0 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (USD mn) 188,184.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Portugal (USD mn) 60,609.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Qatar (USD mn) 62,753.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Romania (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Russia (USD mn) 677,540.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (USD mn) 272,995.3 Dec 2022 quarterly Mar 2003 - Dec 2022
Serbia (USD mn) 17,095.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (USD mn) 120,606.6 Mar 2023 quarterly Mar 1975 - Mar 2023
Slovakia (USD mn) 31,651.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Slovenia (USD mn) 15,628.1 Dec 2022 quarterly Mar 1995 - Dec 2022
South Africa (USD mn) 98,826.0 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (USD mn) 377,281.4 Mar 2023 quarterly Mar 1970 - Mar 2023
Sri Lanka (USD mn) 17,949.0 Sep 2022 quarterly Mar 2002 - Sep 2022
Sudan (USD mn) 30,863.0 2021 yearly 1960 - 2021
Sweden (USD mn) 145,310.7 Mar 2023 quarterly Mar 1980 - Mar 2023
Switzerland (USD mn) 201,987.0 Dec 2022 quarterly Mar 1980 - Dec 2022

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Ghana Key Series

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Includes 125 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Consolidated Fiscal Balance (USD mn) 239.230 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue (USD mn) 1,009.808 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue: % of GDP (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Government Debt: % of GDP (%) 70.7 2022 yearly 2006 - 2022
Forecast: Government Expenditure (GHS bn) 372.947 2028 yearly 1980 - 2028
Forecast: Government Net Debt (GHS bn) 1,247.210 2028 yearly 1990 - 2028
Forecast: Government Revenue (GHS bn) 322.330 2028 yearly 1982 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Total Exports (USD mn) 1,290.0 Aug 2023 monthly Jan 2010 - Aug 2023
Total Exports Growth (%) -12.8 Aug 2023 monthly Jan 2011 - Aug 2023
Aluminum: Exports (USD th) 124,996.968 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 7,139.214 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,273.109 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,177.3 Aug 2023 monthly Mar 2005 - Aug 2023
Total Imports Growth (%) -11.1 Aug 2023 monthly Mar 2006 - Aug 2023
Imports: Medicament (USD th) 204,070.187 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 67,696.289 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 14.706 Oct 2023 monthly Feb 1985 - Oct 2023
Total Imports from USA (USD mn) 139.595 Oct 2023 monthly Jun 1995 - Oct 2023
Total Exports to China (USD mn) 198.110 Oct 2023 monthly May 1995 - Oct 2023
Total Imports from China (USD mn) 194.435 Oct 2023 monthly Jun 1986 - Oct 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Current Account Balance (USD mn) 175.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance: % of GDP (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 324.8 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -1.2 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 2022 yearly 1975 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -189.016 Dec 2022 quarterly Mar 2011 - Dec 2022
External Debt (USD mn) 29,185.2 Nov 2022 monthly Jan 2012 - Nov 2022
External Debt: % of GDP (%) 39.3 2022 yearly 1999 - 2022
Forecast: Current Account Balance (USD bn) -2.914 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -23,095.226 2022 yearly 2006 - 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Portfolio Investment: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 20.7 Dec 2023 monthly Dec 2005 - Dec 2023
Non-Performing Loans (USD mn) 1,243.949 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 9,021.989 Sep 2023 quarterly Mar 1990 - Sep 2023
Money Supply M2 (USD mn) 15,608.260 Dec 2023 quarterly Mar 1990 - Dec 2023
M2 Growth (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Foreign Exchange Reserves (USD mn) 2,271.7 Nov 2023 monthly Jan 1965 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 3.309 Sep 2023 quarterly Dec 2006 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 2.3 Aug 2023 monthly Mar 2005 - Aug 2023
Gold Reserves (Metric Ton) 1,000.000 2023 yearly 2008 - 2023
Total Deposits (USD mn) 17,864.204 Jan 2024 monthly Jan 1999 - Jan 2024
Total Deposits Growth (%) 26.0 Jan 2024 monthly Jan 2000 - Jan 2024
Domestic Credit (USD mn) 20,640.4 Nov 2023 monthly Jan 1967 - Nov 2023
Domestic Credit Growth (%) -7.3 Nov 2023 monthly Jan 1968 - Nov 2023
Total Loans (USD mn) 6,482.295 Dec 2023 monthly Dec 2011 - Dec 2023
Total Loans Growth (%) 10.01 Dec 2023 monthly Dec 2012 - Dec 2023
Private Debt: % of Nominal GDP (%) 9.23 Sep 2023 quarterly Dec 2013 - Sep 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 20.1 Dec 2023 monthly Dec 2013 - Dec 2023

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