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.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Ghana Statistical Service provides Real GDP in local currency, at chain linked 2013 prices. Real GDP Growth prior to Q2 2013 is calculated from quarterly Real GDP based on SNA 1993, at 2006 prices.


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:

Ghana Real GDP Growth

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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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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Ghana Key Series

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Includes 118 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 (%) -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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