Financial and insurance activities (banking), value added in Ghana
Ghana: Financial and insurance activities (banking), value added was 1.63 billion current US$ 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 US$.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Ghana is 1.63 billion current US$, measured in 2011. That is the highest value across all 32 years on record.
That represents a change of up 4.2% on the previous year and up 216.1% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Ghana peaked at 1.63 billion current US$ in 2011 and was at its lowest, 72.99 million current US$, in 1983.
Ghana ranks 6th of 37 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Ghana, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 159.68 million current US$ | — |
| 1966 | 175.93 million current US$ | +10.2% |
| 1967 | 153.00 million current US$ | -13.0% |
| 1968 | 125.90 million current US$ | -17.7% |
| 1969 | 122.17 million current US$ | -3.0% |
| 1970 | 119.43 million current US$ | -2.2% |
| 1971 | 189.41 million current US$ | +58.6% |
| 1972 | 180.61 million current US$ | -4.6% |
| 1973 | 185.49 million current US$ | +2.7% |
| 1974 | 154.84 million current US$ | -16.5% |
| 1975 | 146.70 million current US$ | -5.3% |
| 1976 | 133.18 million current US$ | -9.2% |
| 1977 | 134.51 million current US$ | +1.0% |
| 1978 | 113.09 million current US$ | -15.9% |
| 1979 | 150.57 million current US$ | +33.1% |
| 1980 | 136.31 million current US$ | -9.5% |
| 1981 | 112.03 million current US$ | -17.8% |
| 1982 | 122.36 million current US$ | +9.2% |
| 1983 | 72.99 million current US$ | -40.3% |
| 1984 | 76.26 million current US$ | +4.5% |
| 1985 | 101.71 million current US$ | +33.4% |
| 1986 | 169.71 million current US$ | +66.9% |
| 1987 | 130.95 million current US$ | -22.8% |
| 1988 | 141.23 million current US$ | +7.8% |
| 1989 | 140.97 million current US$ | -0.2% |
| 1990 | 240.44 million current US$ | +70.6% |
| 2006 | 515.96 million current US$ | +114.6% |
| 2007 | 790.05 million current US$ | +53.1% |
| 2008 | 1.03 billion current US$ | +30.3% |
| 2009 | 1.10 billion current US$ | +6.7% |
| 2010 | 1.57 billion current US$ | +42.5% |
| 2011 | 1.63 billion current US$ | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 147.34 million current US$ | 122.17 million current US$ | 175.93 million current US$ | 5 |
| 1970s | 150.78 million current US$ | 113.09 million current US$ | 189.41 million current US$ | 10 |
| 1980s | 120.45 million current US$ | 72.99 million current US$ | 169.71 million current US$ | 10 |
| 1990s | 240.44 million current US$ | 240.44 million current US$ | 240.44 million current US$ | 1 |
| 2000s | 858.36 million current US$ | 515.96 million current US$ | 1.10 billion current US$ | 4 |
| 2010s | 1.60 billion current US$ | 1.57 billion current US$ | 1.63 billion current US$ | 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)
- GDP (constant 2015 US$), annual growth rate 5.95 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.694 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,261 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 5.95 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.84 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 5,979 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 36.32 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.1222 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Ghana?
- Financial and insurance activities (banking), value added in Ghana was 1.63 billion current US$ 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 1.63 billion current US$ in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Ghana?
- The lowest recorded value was 72.99 million current US$ in 1983.
- How does Ghana rank for financial and insurance activities (banking), value added?
- Ghana ranks 6th out of 37 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 216.1%. 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 US$). 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 U.S. dollars.