Ghana Real GDP Growth
2006 - 2022 | Quarterly | % | CEIC Data
Key information about Ghana Real GDP Growth
- The Gross Domestic Product (GDP) in Ghana expanded 0.9 % YoY in Mar 2022, following a growth of 1.8 % in the previous quarter.
- Real GDP Growth YoY data in Ghana is updated quarterly, available from Jun 2006 to Mar 2022, with an average rate of 1.3 %.
- The data reached an all-time high of 7.4 % in Mar 2011 and a record low of -1.8 % in Dec 2008.
Related information about Ghana Real GDP Growth
- In the latest reports, Nominal GDP of Ghana reached 21.6 USD bn in Mar 2022.
- Its GDP deflator (implicit price deflator) increased 16.6 % in Mar 2022.
- GDP Per Capita in Ghana reached 2,565.0 USD in Dec 2021.
- Its Gross Savings Rate was measured at 19.9 % in Dec 2021.
- For Nominal GDP contributions, Investment accounted for 18.6 % in Dec 2021.
- Public Consumption accounted for 10.5 % in Dec 2021.
- Private Consumption accounted for 69.6 % in Dec 2021.
View Ghana's Real GDP Growth from Jun 2006 to Mar 2022 in the chart:
What was Ghana's Real GDP Growth in Mar 2022?
The Gross Domestic Product (GDP) in Ghana expanded 0.9 % YoY in Mar 2022, following a growth of 1.8 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.9 Mar 2022 | 1.8 Dec 2021 | -1.8 Dec 2008 | 7.4 Mar 2011 | % | quarterly | Jun 2006 - Mar 2022 |
Real GDP Growth by Country Comparison
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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 6.0 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| Algeria (%) | 3.1 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
| Argentina (%) | 6.1 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Armenia (%) | 8.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Australia (%) | 3.3 Mar 2022 | quarterly | Sep 1960 - Mar 2022 |
| Austria (%) | 8.7 Mar 2022 | quarterly | Mar 1989 - Mar 2022 |
| Azerbaijan (%) | 8.5 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
| Bahrain (%) | 5.5 Mar 2022 | quarterly | Mar 2009 - Mar 2022 |
| Bangladesh (%) | 7.2 2022 | yearly | 2007 - 2022 |
| Belarus (%) | 1.1 Dec 2021 | quarterly | Mar 2006 - Dec 2021 |
| Belgium (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Bolivia (%) | 0.2 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
| Bosnia and Herzegovina (%) | 7.5 Dec 2021 | quarterly | Mar 2009 - Dec 2021 |
| Botswana (%) | 7.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Brazil (%) | 1.5 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
| Brunei (%) | -1.4 Dec 2021 | quarterly | Mar 2005 - Dec 2021 |
| Bulgaria (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Cambodia (%) | 3.0 2021 | yearly | 1994 - 2021 |
| Canada (%) | 2.9 Mar 2022 | quarterly | Mar 1962 - Mar 2022 |
| Chile (%) | 6.9 Mar 2022 | quarterly | Mar 1987 - Mar 2022 |
| China (%) | 4.8 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
| Colombia (%) | 8.2 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Croatia (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Cyprus (%) | 5.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Czech Republic (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Denmark (%) | 6.2 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
| Ecuador (%) | 4.9 Dec 2021 | quarterly | Mar 1994 - Dec 2021 |
| Egypt (%) | 5.4 Mar 2022 | quarterly | Sep 2002 - Mar 2022 |
| Estonia (%) | 4.7 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| European Union (%) | 5.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Finland (%) | 3.8 Mar 2022 | quarterly | Mar 1976 - Mar 2022 |
| France (%) | 4.5 Mar 2022 | quarterly | Mar 1950 - Mar 2022 |
| Georgia (%) | 14.9 Mar 2022 | quarterly | Mar 1998 - Mar 2022 |
| Germany (%) | 3.8 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
| Ghana (%) | 0.9 Mar 2022 | quarterly | Jun 2006 - Mar 2022 |
| Greece (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Hong Kong SAR, China (%) | -4.0 Mar 2022 | quarterly | Mar 1991 - Mar 2022 |
| Hungary (%) | 8.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Iceland (%) | 7.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| India (%) | 4.1 Mar 2022 | quarterly | Jun 2005 - Mar 2022 |
| Indonesia (%) | 5.0 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
| Iran (%) | 7.2 Dec 2021 | quarterly | Jun 1989 - Dec 2021 |
| Ireland (%) | 10.0 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
| Israel (%) | 8.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Italy (%) | 6.2 Mar 2022 | quarterly | Mar 1982 - Mar 2022 |
| Ivory Coast (%) | 6.5 2021 | yearly | 1966 - 2021 |
| Japan (%) | 0.7 Mar 2022 | quarterly | Mar 1956 - Mar 2022 |
| Jordan (%) | 2.5 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
| Kazakhstan (%) | 6.1 Sep 2021 | quarterly | Mar 2006 - Sep 2021 |
| Kenya (%) | 10.3 Sep 2021 | quarterly | Mar 2010 - Sep 2021 |
| South Korea (%) | 3.0 Mar 2022 | quarterly | Mar 1961 - Mar 2022 |
| Kosovo (%) | 4.9 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Kuwait (%) | 4.7 Dec 2020 | quarterly | Jun 2010 - Dec 2020 |
| Kyrgyzstan (%) | 4.5 Mar 2022 | quarterly | Mar 2007 - Mar 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 6.4 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Lebanon (%) | -1.9 2018 | yearly | 2005 - 2018 |
| Lithuania (%) | 4.8 Dec 2021 | quarterly | Jun 1995 - Dec 2021 |
| Luxembourg (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Macau SAR, China (%) | -8.9 Mar 2022 | quarterly | Mar 2002 - Mar 2022 |
| North Macedonia (%) | 2.4 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 5.0 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Malta (%) | 7.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Mauritius (%) | 6.2 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
| Mexico (%) | 1.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
| Moldova (%) | 1.1 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Mongolia (%) | -3.8 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Montenegro (%) | 7.2 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Morocco (%) | 6.6 Dec 2021 | quarterly | Mar 2008 - Dec 2021 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | -5.9 2021 | yearly | 2011 - 2021 |
| Nepal (%) | -6.5 Jun 2021 | quarterly | Dec 2004 - Jun 2021 |
| Netherlands (%) | 6.6 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
| New Zealand (%) | 0.4 Mar 2022 | quarterly | Jun 1983 - Mar 2022 |
| Nigeria (%) | 3.1 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Norway (%) | 3.7 Mar 2022 | quarterly | Mar 1979 - Mar 2022 |
| Oman (%) | -3.2 2020 | yearly | 1999 - 2020 |
| Pakistan (%) | 6.2 2022 | yearly | 2001 - 2022 |
| Palestinian Territory (%) | -3.1 Mar 2022 | quarterly | Jun 2011 - Mar 2022 |
| Panama (%) | 13.6 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Paraguay (%) | -2.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Peru (%) | 3.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
| Philippines (%) | 8.2 Mar 2022 | quarterly | Mar 1999 - Mar 2022 |
| Poland (%) | 9.2 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.0 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
| Romania (%) | 6.5 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Russia (%) | 3.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Saudi Arabia (%) | 9.9 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 3.7 Mar 2022 | quarterly | Mar 1976 - Mar 2022 |
| Slovakia (%) | 3.0 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
| Slovenia (%) | 9.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| South Africa (%) | 2.9 Mar 2022 | quarterly | Mar 1961 - Mar 2022 |
| Spain (%) | 6.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Sri Lanka (%) | -1.6 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Sudan (%) | -1.6 2020 | yearly | 1983 - 2020 |
| Sweden (%) | 3.1 Mar 2022 | quarterly | Mar 1982 - Mar 2022 |
| Switzerland (%) | 4.5 Mar 2022 | quarterly | Mar 1966 - Mar 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -8.5 Mar 2022 | quarterly | Dec 2008 - Mar 2022 |
| Consolidated Fiscal Balance (USD mn) | -294.937 Mar 2022 | monthly | Jan 2008 - Mar 2022 |
| Tax Revenue (USD mn) | 768.478 Mar 2022 | monthly | Jan 2008 - Mar 2022 |
| Tax Revenue: % of GDP (%) | 9.2 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Government Debt: % of GDP (%) | 80.1 2021 | yearly | 2006 - 2021 |
| Forecast: Government Expenditure (GHS bn) | 234.411 2027 | yearly | 1980 - 2027 |
| Forecast: Government Net Debt (GHS bn) | 885.914 2027 | yearly | 1990 - 2027 |
| Forecast: Government Revenue (GHS bn) | 162.850 2027 | yearly | 1982 - 2027 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 20.464 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 296.0 Feb 2022 | monthly | Mar 2005 - Feb 2022 |
| Total Exports (USD mn) | 1,431.0 Feb 2022 | monthly | Jan 2010 - Feb 2022 |
| Total Exports Growth (%) | -1.9 Dec 2021 | monthly | Jan 2011 - Dec 2021 |
| Aluminum: Exports (USD th) | 78,981.621 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 5,111.213 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 221.031 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 1,193.0 Dec 2021 | monthly | Mar 2005 - Dec 2021 |
| Total Imports Growth (%) | 31.7 Dec 2021 | monthly | Mar 2006 - Dec 2021 |
| Imports: Medicament (USD th) | 188,339.959 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 63,163.099 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 59.001 Mar 2022 | monthly | Feb 1985 - Mar 2022 |
| Total Imports from USA (USD mn) | 162.216 Mar 2022 | monthly | Jun 1995 - Mar 2022 |
| Total Exports to China (USD mn) | 448.347 Mar 2022 | monthly | May 1995 - Mar 2022 |
| Total Imports from China (USD mn) | 239.044 Mar 2022 | monthly | Jun 1986 - Mar 2022 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 0.0 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Current Account Balance (USD mn) | -672.2 Dec 2021 | quarterly | Mar 2005 - Dec 2021 |
| Current Account Balance: % of GDP (%) | -3.1 Dec 2021 | quarterly | Mar 2006 - Dec 2021 |
| Foreign Direct Investment (USD mn) | 346.9 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Foreign Direct Investment: % of GDP (%) | 1.9 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Foreign Portfolio Investment (USD mn) | -69.820 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Foreign Portfolio Investment: % of GDP (%) | -0.4 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 18.1 2010 | yearly | 1975 - 2010 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -69.820 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| External Debt (USD mn) | 28,290.4 Feb 2022 | monthly | Jan 2012 - Feb 2022 |
| External Debt: % of GDP (%) | 35.6 2021 | yearly | 1999 - 2021 |
| Forecast: Current Account Balance (USD bn) | -3.522 2027 | yearly | 1980 - 2027 |
| Net International Investment Position (USD mn) | -28,067.014 2020 | yearly | 2006 - 2020 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 14.3 Apr 2022 | monthly | Dec 2005 - Apr 2022 |
| Non-Performing Loans (USD mn) | 1,357.152 Dec 2021 | quarterly | Mar 2008 - Dec 2021 |
| Money Supply M1 (USD mn) | 11,560.177 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
| Money Supply M2 (USD mn) | 17,612.019 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
| M2 Growth (%) | 11.9 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
| Foreign Exchange Reserves (USD mn) | 7,500.6 Mar 2022 | monthly | Jan 1965 - Mar 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 9.318 Mar 2022 | quarterly | Dec 2006 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.2 Feb 2022 | monthly | Mar 2005 - Feb 2022 |
| Gold Reserves (Metric Ton) | 1,000.000 2021 | yearly | 2008 - 2021 |
| Total Deposits (USD mn) | 18,202.312 Feb 2022 | monthly | Dec 2004 - Feb 2022 |
| Total Deposits Growth (%) | 17.5 Feb 2022 | monthly | Dec 2005 - Feb 2022 |
| Domestic Credit (USD mn) | 25,818.0 Feb 2022 | monthly | Jan 1967 - Feb 2022 |
| Domestic Credit Growth (%) | 24.9 Feb 2022 | monthly | Jan 1968 - Feb 2022 |
| Total Loans (USD mn) | 8,523.397 Feb 2022 | monthly | Dec 2011 - Feb 2022 |
| Total Loans Growth (%) | 18.28 Feb 2022 | monthly | Dec 2012 - Feb 2022 |
| Private Debt: % of Nominal GDP (%) | 10.26 Dec 2021 | quarterly | Dec 2013 - Dec 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | -8.4 Apr 2022 | monthly | Dec 2013 - Apr 2022 |
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