Annual GDP growth (%) in Ghana
Ghana: Annual GDP growth (%) was 5.6% in 2024. ▼ Falling
Annual GDP growth in Ghana, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Ghana stood at 5.6%.
Compared with earlier readings it is up 78.0% on the previous year and up 95.7% over ten years.
Over the whole period, annual gdp growth in Ghana peaked at 14.0% in 2011 and was at its lowest, 0.5%, in 2020.
Ghana ranks 35th of 230 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Annual GDP growth (%) in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | 4.0% | +8.1% |
| 2002 | 4.5% | +12.5% |
| 2003 | 5.2% | +15.6% |
| 2004 | 5.6% | +7.7% |
| 2005 | 5.9% | +5.4% |
| 2006 | 6.4% | +8.5% |
| 2007 | 4.3% | -32.1% |
| 2008 | 9.1% | +110.5% |
| 2009 | 4.8% | -47.1% |
| 2010 | 7.9% | +63.1% |
| 2011 | 14.0% | +77.8% |
| 2012 | 9.3% | -33.8% |
| 2013 | 7.3% | -21.3% |
| 2014 | 2.9% | -60.9% |
| 2015 | 2.1% | -25.7% |
| 2016 | 3.4% | +59.1% |
| 2017 | 8.1% | +141.0% |
| 2018 | 6.2% | -23.7% |
| 2019 | 6.5% | +5.0% |
| 2020 | 0.5% | -92.1% |
| 2021 | 5.1% | +887.8% |
| 2022 | 3.8% | -25.0% |
| 2023 | 3.1% | -17.5% |
| 2024 | 5.6% | +78.0% |
Ghana compared with similar countries
- Ghana's 5.6% is above the median for lower middle income countries, which is 3.8%, 1.5× the median. (43 countries reporting)
- Ghana's 5.6% is above the median for Sub-Saharan Africa, which is 4.1%, 1.4× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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% | 0.5% | 5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 3.7% | 9.1% | 10 |
| 2010s | 6.8% | 2.1% | 14.0% | 10 |
| 2020s | 3.6% | 0.5% | 5.6% | 5 |
Countries ranked near Ghana
- 32 Philippines 5.7% compare
- 33 Turks and Caicos Islands 5.6% compare
- 34 Micronesia 5.6% compare
- 36 Gambia 5.6% compare
- 37 United Republic of Tanzania 5.5% compare
- 38 Guinea 5.4% compare
More economy & growth data for Ghana
- Real gdp growth, annual growth rate 86.92 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 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)
Frequently asked questions
- What is annual gdp growth in Ghana?
- Annual gdp growth in Ghana was 5.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Ghana?
- The highest recorded value was 14.0% in 2011.
- What is the lowest annual gdp growth recorded in Ghana?
- The lowest recorded value was 0.5% in 2020.
- How does Ghana rank for annual gdp growth?
- Ghana ranks 35th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Ghana?
- Over the last ten years it is up 95.7%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).