Ghana Real GDP Growth
The Gross Domestic Product (GDP) in Ghana contracted 0.8 % YoY in Jun 2020, following a growth of 1.2 % in the previous quarter. Real GDP Growth YoY data in Ghana is updated quarterly, available from Jun 2006 to Jun 2020, with an average rate of 1.4 %. 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.
In the latest reports, Nominal GDP of Ghana reached 15.3 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 5.1 % in Jun 2020. GDP Per Capita in Ghana reached 2,212.1 USD in Dec 2019. Its Gross Savings Rate was measured at 22.1 % in Dec 2019.
View Ghana's Real GDP Growth from Jun 2006 to Jun 2020 in the chart:
What was Ghana's Real GDP Growth in Jun 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -0.8 Jun 2020 | 1.2 Mar 2020 | -1.8 Dec 2008 | 7.4 Mar 2011 | % | quarterly | Jun 2006 - Jun 2020 |
Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -11.0 Jun 2020 | quarterly | Mar 2010 - Jun 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -19.8 Jun 2020 | quarterly | Mar 2005 - Jun 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -6.3 Jun 2020 | quarterly | Sep 1960 - Jun 2020 |
| Austria (%) | -14.5 Jun 2020 | quarterly | Mar 1989 - Jun 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -8.9 Jun 2020 | quarterly | Mar 2009 - Jun 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -3.3 Jun 2020 | quarterly | Mar 2006 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -7.1 Jun 2020 | quarterly | Dec 2008 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -1,074.460 Jun 2020 | monthly | Jan 2008 - Jun 2020 |
| Tax Revenue (USD mn) | 458.822 Jun 2020 | monthly | Jan 2008 - Jun 2020 |
| Tax Revenue: % of GDP (%) | 10.7 Jun 2020 | quarterly | Mar 2008 - Jun 2020 |
| Government Debt: % of GDP (%) | 63.0 2019 | yearly | 2006 - 2019 |
| Forecast: Government Expenditure (GHS bn) | 144.387 2025 | yearly | 1980 - 2025 |
| Forecast: Government Net Debt (GHS bn) | 494.568 2025 | yearly | 1990 - 2025 |
| Forecast: Government Revenue (GHS bn) | 100.805 2025 | yearly | 1982 - 2025 |
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