Financial and insurance activities (banking), value added in Ghana
Ghana: Financial and insurance activities (banking), value added was 2.47 billion current LCU in 2011. ◆ Volatile
Financial and insurance activities (banking), value added in Ghana, 1965–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Ghana is 2.47 billion current LCU, measured in 2011. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 421.5% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Ghana peaked at 2.47 billion current LCU in 2011 and was at its lowest, 11,400 current LCU, in 1965.
Ghana ranks 25th of 36 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 11,400 current LCU | — |
| 1966 | 12,560 current LCU | +10.2% |
| 1967 | 13,170 current LCU | +4.9% |
| 1968 | 12,840 current LCU | -2.5% |
| 1969 | 12,460 current LCU | -3.0% |
| 1970 | 12,180 current LCU | -2.2% |
| 1971 | 19,590 current LCU | +60.8% |
| 1972 | 24,070 current LCU | +22.9% |
| 1973 | 26,340 current LCU | +9.4% |
| 1974 | 24,930 current LCU | -5.4% |
| 1975 | 27,580 current LCU | +10.6% |
| 1976 | 31,430 current LCU | +14.0% |
| 1977 | 47,080 current LCU | +49.8% |
| 1978 | 64,800 current LCU | +37.6% |
| 1979 | 105,700 current LCU | +63.1% |
| 1980 | 131,400 current LCU | +24.3% |
| 1981 | 192,700 current LCU | +46.7% |
| 1982 | 262,100 current LCU | +36.0% |
| 1983 | 331,100 current LCU | +26.3% |
| 1984 | 467,600 current LCU | +41.2% |
| 1985 | 774,600 current LCU | +65.7% |
| 1986 | 1.52 million current LCU | +95.6% |
| 1987 | 1.93 million current LCU | +27.0% |
| 1988 | 2.86 million current LCU | +48.4% |
| 1989 | 3.80 million current LCU | +33.2% |
| 1990 | 7.84 million current LCU | +106.1% |
| 2006 | 472.86 million current LCU | +5929.7% |
| 2007 | 738.89 million current LCU | +56.3% |
| 2008 | 1.09 billion current LCU | +47.3% |
| 2009 | 1.55 billion current LCU | +42.1% |
| 2010 | 2.24 billion current LCU | +44.8% |
| 2011 | 2.47 billion current LCU | +10.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12,486 current LCU | 11,400 current LCU | 13,170 current LCU | 5 |
| 1970s | 38,370 current LCU | 12,180 current LCU | 105,700 current LCU | 10 |
| 1980s | 1.23 million current LCU | 131,400 current LCU | 3.80 million current LCU | 10 |
| 1990s | 7.84 million current LCU | 7.84 million current LCU | 7.84 million current LCU | 1 |
| 2000s | 961.92 million current LCU | 472.86 million current LCU | 1.55 billion current LCU | 4 |
| 2010s | 2.35 billion current LCU | 2.24 billion current LCU | 2.47 billion current LCU | 2 |
Countries ranked near Ghana
More economy & growth data for Ghana
- 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)
- Services, value added (constant LCU), per capita 2,606 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 14.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 37.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.934 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,042 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 11.73 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 38,201 current LCU per person (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Ghana?
- Financial and insurance activities (banking), value added in Ghana was 2.47 billion current LCU in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Ghana?
- The highest recorded value was 2.47 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Ghana?
- The lowest recorded value was 11,400 current LCU in 1965.
- How does Ghana rank for financial and insurance activities (banking), value added?
- Ghana ranks 25th out of 36 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Ghana?
- Over the last ten years it is up 421.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in current local currency.