Gross Domestic Product — Value Standard Local Currency in Ghana
Ghana: Gross Domestic Product — Value Standard Local Currency was 1.12 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Ghana, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Ghana recorded 1.12 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 32.5% on the previous year and up 602.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Ghana peaked at 1.12 million million SLC in 2024 and was at its lowest, 0.4791 million SLC, in 1970.
Ghana ranks 103rd of 218 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 — Value Standard Local Currency in Ghana, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 0.4791 million SLC | — |
| 1971 | 0.5304 million SLC | +10.7% |
| 1972 | 0.5972 million SLC | +12.6% |
| 1973 | 0.7427 million SLC | +24.4% |
| 1974 | 0.9885 million SLC | +33.1% |
| 1975 | 1.12 million SLC | +13.4% |
| 1976 | 1.38 million SLC | +23.5% |
| 1977 | 2.37 million SLC | +71.1% |
| 1978 | 4.45 million SLC | +88.0% |
| 1979 | 5.99 million SLC | +34.5% |
| 1980 | 9.09 million SLC | +51.8% |
| 1981 | 15.41 million SLC | +69.5% |
| 1982 | 18.34 million SLC | +19.0% |
| 1983 | 39.04 million SLC | +112.9% |
| 1984 | 57.39 million SLC | +47.0% |
| 1985 | 72.77 million SLC | +26.8% |
| 1986 | 108.48 million SLC | +49.1% |
| 1987 | 158.24 million SLC | +45.9% |
| 1988 | 222.98 million SLC | +40.9% |
| 1989 | 300.62 million SLC | +34.8% |
| 1990 | 430.97 million SLC | +43.4% |
| 1991 | 546.17 million SLC | +26.7% |
| 1992 | 638.23 million SLC | +16.9% |
| 1993 | 821.44 million SLC | +28.7% |
| 1994 | 1,104 million SLC | +34.4% |
| 1995 | 1,644 million SLC | +48.9% |
| 1996 | 2,405 million SLC | +46.3% |
| 1997 | 2,994 million SLC | +24.5% |
| 1998 | 3,669 million SLC | +22.6% |
| 1999 | 4,365 million SLC | +19.0% |
| 2000 | 5,760 million SLC | +31.9% |
| 2001 | 8,076 million SLC | +40.2% |
| 2002 | 10,365 million SLC | +28.3% |
| 2003 | 14,034 million SLC | +35.4% |
| 2004 | 16,946 million SLC | +20.8% |
| 2005 | 20,631 million SLC | +21.7% |
| 2006 | 24,759 million SLC | +20.0% |
| 2007 | 30,648 million SLC | +23.8% |
| 2008 | 39,946 million SLC | +30.3% |
| 2009 | 48,442 million SLC | +21.3% |
| 2010 | 60,944 million SLC | +25.8% |
| 2011 | 79,176 million SLC | +29.9% |
| 2012 | 99,691 million SLC | +25.9% |
| 2013 | 124,478 million SLC | +24.9% |
| 2014 | 158,684 million SLC | +27.5% |
| 2015 | 183,526 million SLC | +15.7% |
| 2016 | 219,595 million SLC | +19.7% |
| 2017 | 262,798 million SLC | +19.7% |
| 2018 | 308,587 million SLC | +17.4% |
| 2019 | 356,544 million SLC | +15.5% |
| 2020 | 391,941 million SLC | +9.9% |
| 2021 | 461,695 million SLC | +17.8% |
| 2022 | 614,336 million SLC | +33.1% |
| 2023 | 841,633 million SLC | +37.0% |
| 2024 | 1.12 million million SLC | +32.5% |
Ghana compared with similar countries
- Ghana's 1.12 million million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 73% of the median. (43 countries reporting)
- Ghana's 1.12 million million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 13% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1983 | +112.9% | 18.34 million SLC | 39.04 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.86 million SLC | 0.4791 million SLC | 5.99 million SLC | 10 |
| 1980s | 100.24 million SLC | 9.09 million SLC | 300.62 million SLC | 10 |
| 1990s | 1,862 million SLC | 430.97 million SLC | 4,365 million SLC | 10 |
| 2000s | 21,961 million SLC | 5,760 million SLC | 48,442 million SLC | 10 |
| 2010s | 185,402 million SLC | 60,944 million SLC | 356,544 million SLC | 10 |
| 2020s | 684,945 million SLC | 391,941 million SLC | 1.12 million million SLC | 5 |
Countries ranked near Ghana
- 100 New Caledonia 1.17 million million SLC compare
- 101 Guinea-Bissau 1.14 million million SLC compare
- 102 Netherlands (Kingdom of the) 1.13 million million SLC compare
- 104 Peru 1.09 million million SLC compare
- 105 USSR 1.02 million million SLC compare
- 106 North Macedonia 948,906 million SLC 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 — value standard local currency in Ghana?
- Gross domestic product — value standard local currency in Ghana was 1.12 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Ghana?
- The highest recorded value was 1.12 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Ghana?
- The lowest recorded value was 0.4791 million SLC in 1970.
- How does Ghana rank for gross domestic product — value standard local currency?
- Ghana ranks 103rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Ghana?
- Over the last ten years it is up 602.7%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).