Gross domestic product (GDP) in Ghana
Ghana: Gross domestic product (GDP) was 214.89 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
214.89 billion international-$ in 2021 prices
Change on year
up 3.8%
World rank
74th
of 184 countries
All-time high
214.89 billion international-$ in 2021 prices
in 2023
All-time low
25.60 billion international-$ in 2021 prices
in 1955
Years of data
69
1955–2023
Gross domestic product (GDP) in Ghana, 1955–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Ghana stood at 214.89 billion international-$ in 2021 prices. That is the highest value across all 69 years on record.
That represents a change of up 3.8% on the previous year and up 30.9% over ten years.
Over the whole period, gross domestic product (gdp) in Ghana peaked at 214.89 billion international-$ in 2021 prices in 2023 and was at its lowest, 25.60 billion international-$ in 2021 prices, in 1955.
Ghana ranks 74th of 184 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.
Gross domestic product (GDP) in Ghana, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1955 | 25.60 billion international-$ in 2021 prices | — |
| 1956 | 26.31 billion international-$ in 2021 prices | +2.7% |
| 1957 | 25.77 billion international-$ in 2021 prices | -2.0% |
| 1958 | 27.22 billion international-$ in 2021 prices | +5.6% |
| 1959 | 31.47 billion international-$ in 2021 prices | +15.6% |
| 1960 | 34.32 billion international-$ in 2021 prices | +9.1% |
| 1961 | 33.48 billion international-$ in 2021 prices | -2.4% |
| 1962 | 33.82 billion international-$ in 2021 prices | +1.0% |
| 1963 | 36.92 billion international-$ in 2021 prices | +9.2% |
| 1964 | 39.48 billion international-$ in 2021 prices | +7.0% |
| 1965 | 39.02 billion international-$ in 2021 prices | -1.2% |
| 1966 | 38.68 billion international-$ in 2021 prices | -0.9% |
| 1967 | 36.32 billion international-$ in 2021 prices | -6.1% |
| 1968 | 36.71 billion international-$ in 2021 prices | +1.1% |
| 1969 | 39.73 billion international-$ in 2021 prices | +8.2% |
| 1970 | 43.46 billion international-$ in 2021 prices | +9.4% |
| 1971 | 45.36 billion international-$ in 2021 prices | +4.4% |
| 1972 | 38.76 billion international-$ in 2021 prices | -14.6% |
| 1973 | 43.53 billion international-$ in 2021 prices | +12.3% |
| 1974 | 49.17 billion international-$ in 2021 prices | +13.0% |
| 1975 | 43.62 billion international-$ in 2021 prices | -11.3% |
| 1976 | 39.70 billion international-$ in 2021 prices | -9.0% |
| 1977 | 45.42 billion international-$ in 2021 prices | +14.4% |
| 1978 | 45.65 billion international-$ in 2021 prices | +0.5% |
| 1979 | 42.91 billion international-$ in 2021 prices | -6.0% |
| 1980 | 43.19 billion international-$ in 2021 prices | +0.6% |
| 1981 | 40.57 billion international-$ in 2021 prices | -6.1% |
| 1982 | 34.80 billion international-$ in 2021 prices | -14.2% |
| 1983 | 34.50 billion international-$ in 2021 prices | -0.9% |
| 1984 | 37.67 billion international-$ in 2021 prices | +9.2% |
| 1985 | 40.21 billion international-$ in 2021 prices | +6.7% |
| 1986 | 41.16 billion international-$ in 2021 prices | +2.4% |
| 1987 | 42.11 billion international-$ in 2021 prices | +2.3% |
| 1988 | 46.21 billion international-$ in 2021 prices | +9.7% |
| 1989 | 46.12 billion international-$ in 2021 prices | -0.2% |
| 1990 | 47.83 billion international-$ in 2021 prices | +3.7% |
| 1991 | 52.53 billion international-$ in 2021 prices | +9.8% |
| 1992 | 51.25 billion international-$ in 2021 prices | -2.4% |
| 1993 | 48.39 billion international-$ in 2021 prices | -5.6% |
| 1994 | 50.70 billion international-$ in 2021 prices | +4.8% |
| 1995 | 53.05 billion international-$ in 2021 prices | +4.6% |
| 1996 | 53.88 billion international-$ in 2021 prices | +1.6% |
| 1997 | 59.38 billion international-$ in 2021 prices | +10.2% |
| 1998 | 59.18 billion international-$ in 2021 prices | -0.3% |
| 1999 | 62.26 billion international-$ in 2021 prices | +5.2% |
| 2000 | 73.95 billion international-$ in 2021 prices | +18.8% |
| 2001 | 68.61 billion international-$ in 2021 prices | -7.2% |
| 2002 | 68.96 billion international-$ in 2021 prices | +0.5% |
| 2003 | 73.25 billion international-$ in 2021 prices | +6.2% |
| 2004 | 78.57 billion international-$ in 2021 prices | +7.3% |
| 2005 | 80.82 billion international-$ in 2021 prices | +2.9% |
| 2006 | 83.05 billion international-$ in 2021 prices | +2.8% |
| 2007 | 99.70 billion international-$ in 2021 prices | +20.0% |
| 2008 | 112.12 billion international-$ in 2021 prices | +12.5% |
| 2009 | 106.92 billion international-$ in 2021 prices | -4.6% |
| 2010 | 119.66 billion international-$ in 2021 prices | +11.9% |
| 2011 | 135.72 billion international-$ in 2021 prices | +13.4% |
| 2012 | 152.86 billion international-$ in 2021 prices | +12.6% |
| 2013 | 164.16 billion international-$ in 2021 prices | +7.4% |
| 2014 | 178.20 billion international-$ in 2021 prices | +8.6% |
| 2015 | 164.77 billion international-$ in 2021 prices | -7.5% |
| 2016 | 163.50 billion international-$ in 2021 prices | -0.8% |
| 2017 | 171.92 billion international-$ in 2021 prices | +5.2% |
| 2018 | 178.79 billion international-$ in 2021 prices | +4.0% |
| 2019 | 192.34 billion international-$ in 2021 prices | +7.6% |
| 2020 | 192.30 billion international-$ in 2021 prices | -0.0% |
| 2021 | 199.61 billion international-$ in 2021 prices | +3.8% |
| 2022 | 207.05 billion international-$ in 2021 prices | +3.7% |
| 2023 | 214.89 billion international-$ in 2021 prices | +3.8% |
Ghana compared with similar countries
- Ghana's 214.89 billion international-$ in 2021 prices is above the median for lower middle income countries, which is 72.56 billion international-$ in 2021 prices, 3.0× the median. (42 countries reporting)
- Ghana's 214.89 billion international-$ in 2021 prices is above the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 4.7× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 27.27 billion international-$ in 2021 prices | 25.60 billion international-$ in 2021 prices | 31.47 billion international-$ in 2021 prices | 5 |
| 1960s | 36.85 billion international-$ in 2021 prices | 33.48 billion international-$ in 2021 prices | 39.73 billion international-$ in 2021 prices | 10 |
| 1970s | 43.76 billion international-$ in 2021 prices | 38.76 billion international-$ in 2021 prices | 49.17 billion international-$ in 2021 prices | 10 |
| 1980s | 40.66 billion international-$ in 2021 prices | 34.50 billion international-$ in 2021 prices | 46.21 billion international-$ in 2021 prices | 10 |
| 1990s | 53.84 billion international-$ in 2021 prices | 47.83 billion international-$ in 2021 prices | 62.26 billion international-$ in 2021 prices | 10 |
| 2000s | 84.60 billion international-$ in 2021 prices | 68.61 billion international-$ in 2021 prices | 112.12 billion international-$ in 2021 prices | 10 |
| 2010s | 162.19 billion international-$ in 2021 prices | 119.66 billion international-$ in 2021 prices | 192.34 billion international-$ in 2021 prices | 10 |
| 2020s | 203.46 billion international-$ in 2021 prices | 192.30 billion international-$ in 2021 prices | 214.89 billion international-$ in 2021 prices | 4 |
Countries ranked near Ghana
- 71 Angola 227.17 billion international-$ in 2021 prices compare
- 72 Guatemala 221.29 billion international-$ in 2021 prices compare
- 73 Oman 220.51 billion international-$ in 2021 prices compare
- 75 Azerbaijan 210.94 billion international-$ in 2021 prices compare
- 76 Bulgaria 191.77 billion international-$ in 2021 prices compare
- 77 Cote d'Ivoire 187.80 billion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 38.84 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.11 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.91 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.08 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0167 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 54.42 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Ghana?
- Gross domestic product (gdp) in Ghana was 214.89 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Ghana?
- The highest recorded value was 214.89 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Ghana?
- The lowest recorded value was 25.60 billion international-$ in 2021 prices in 1955.
- How does Ghana rank for gross domestic product (gdp)?
- Ghana ranks 74th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Ghana?
- Over the last ten years it is up 30.9%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 69 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.