Africa's Development: Annual real GDP growth rate Growth rate … 02 in Ghana
Ghana: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 5 Percent per annum in 2029. ▬ Flat
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Ghana, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
The most recent figure for africa's development dynamics (afdd) table 02 - annual real gdp in Ghana is 5 Percent per annum, measured in 2029.
Compared with earlier readings it is down 23.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Ghana peaked at 13.95 Percent per annum in 2011 and was at its lowest, 0.5139 Percent per annum, in 2020.
That places Ghana 29th out of 166 countries with data for 2029, putting it in the top quarter.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Ghana, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 3.6 Percent per annum | — |
| 1991 | 4.77 Percent per annum | +32.8% |
| 1992 | 4.47 Percent per annum | -6.3% |
| 1993 | 4.77 Percent per annum | +6.7% |
| 1994 | 3.51 Percent per annum | -26.5% |
| 1995 | 4.23 Percent per annum | +20.7% |
| 1996 | 4.76 Percent per annum | +12.6% |
| 1997 | 5.8 Percent per annum | +21.7% |
| 1998 | 5.01 Percent per annum | -13.6% |
| 1999 | 4.53 Percent per annum | -9.6% |
| 2000 | 3.6 Percent per annum | -20.6% |
| 2001 | 3.83 Percent per annum | +6.4% |
| 2002 | 4.62 Percent per annum | +20.6% |
| 2003 | 5.11 Percent per annum | +10.7% |
| 2004 | 5.4 Percent per annum | +5.7% |
| 2005 | 6.23 Percent per annum | +15.3% |
| 2006 | 5.82 Percent per annum | -6.6% |
| 2007 | 4.08 Percent per annum | -29.9% |
| 2008 | 9.01 Percent per annum | +121.0% |
| 2009 | 5.68 Percent per annum | -36.9% |
| 2010 | 7.77 Percent per annum | +36.7% |
| 2011 | 13.95 Percent per annum | +79.6% |
| 2012 | 8.43 Percent per annum | -39.6% |
| 2013 | 7.24 Percent per annum | -14.1% |
| 2014 | 2.86 Percent per annum | -60.6% |
| 2015 | 2.12 Percent per annum | -25.7% |
| 2016 | 3.37 Percent per annum | +59.1% |
| 2017 | 8.13 Percent per annum | +141.0% |
| 2018 | 6.2 Percent per annum | -23.7% |
| 2019 | 6.51 Percent per annum | +5.0% |
| 2020 | 0.5139 Percent per annum | -92.1% |
| 2021 | 5.08 Percent per annum | +887.8% |
| 2022 | 3.08 Percent per annum | -39.4% |
| 2023 | 2.26 Percent per annum | -26.6% |
| 2024 | 2.78 Percent per annum | +23.0% |
| 2025 | 4.38 Percent per annum | +57.7% |
| 2026 | 4.94 Percent per annum | +12.8% |
| 2027 | 5 Percent per annum | +1.1% |
| 2028 | 5 Percent per annum | +0.0% |
| 2029 | 5 Percent per annum | +0.0% |
Ghana compared with similar countries
- Ghana's 5 Percent per annum is above the median for lower middle income countries, which is 4.01 Percent per annum, 1.2× the median. (41 countries reporting)
- Ghana's 5 Percent per annum is above the median for Sub-Saharan Africa, which is 4.53 Percent per annum, 1.1× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +887.8% | 0.5139 Percent per annum | 5.08 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.55 Percent per annum | 3.51 Percent per annum | 5.8 Percent per annum | 10 |
| 2000s | 5.34 Percent per annum | 3.6 Percent per annum | 9.01 Percent per annum | 10 |
| 2010s | 6.66 Percent per annum | 2.12 Percent per annum | 13.95 Percent per annum | 10 |
| 2020s | 3.8 Percent per annum | 0.5139 Percent per annum | 5.08 Percent per annum | 10 |
Countries ranked near Ghana
- 26 Türkiye 3.48 Percent per annum compare
- 26 Dominican Republic 5.04 Percent per annum compare
- 26 Mauritania 2.17 Percent per annum compare
- 27 Gambia 5.02 Percent per annum compare
- 27 Lesotho 2.08 Percent per annum compare
- 27 Syrian Arab Republic 3.44 Percent per annum compare
- 28 Burundi 5.01 Percent per annum compare
- 29 Georgia 5 Percent per annum compare
- 29 Pakistan 5 Percent per annum compare
- 32 Poland 3.01 Percent per annum compare
- 32 Burkina Faso 4.98 Percent per annum compare
More economy & growth data for Ghana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 25.22 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Ghana?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Ghana was 5 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Ghana?
- The highest recorded value was 13.95 Percent per annum in 2011.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Ghana?
- The lowest recorded value was 0.5139 Percent per annum in 2020.
- How does Ghana rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Ghana ranks 29th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Ghana?
- Over the last ten years it is down 23.2%. The long-run trend across the full record is flat.
- Where does this Ghana data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.