Gross Domestic Product — Value US$, annual growth rate in Ghana
Ghana: Gross Domestic Product — Value US$, annual growth rate was 0.8992 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Ghana, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 0.8992 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
The figure is down 68.3% on the previous year and up 107.0% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Ghana peaked at 23.78 % change on previous year in 2003 and was at its lowest, -35.44 % change on previous year, in 2000.
That places Ghana 209th out of 236 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.16 % change on previous year | — |
| 1972 | -12.62 % change on previous year | -237.7% |
| 1973 | -6.6 % change on previous year | -47.7% |
| 1974 | 16.47 % change on previous year | -349.4% |
| 1975 | -4.32 % change on previous year | -126.2% |
| 1976 | 1.78 % change on previous year | -141.2% |
| 1977 | 8.63 % change on previous year | +385.0% |
| 1978 | 16.11 % change on previous year | +86.7% |
| 1979 | 5.58 % change on previous year | -65.4% |
| 1980 | 9.54 % change on previous year | +71.0% |
| 1981 | 5.64 % change on previous year | -40.9% |
| 1982 | -1.17 % change on previous year | -120.8% |
| 1983 | -0.8275 % change on previous year | -29.3% |
| 1984 | 12.57 % change on previous year | -1618.8% |
| 1985 | 8.4 % change on previous year | -33.1% |
| 1986 | 7.33 % change on previous year | -12.8% |
| 1987 | 7.39 % change on previous year | +0.8% |
| 1988 | 9.35 % change on previous year | +26.6% |
| 1989 | 1.04 % change on previous year | -88.9% |
| 1990 | 18.61 % change on previous year | +1697.1% |
| 1991 | 12.43 % change on previous year | -33.2% |
| 1992 | -1.66 % change on previous year | -113.4% |
| 1993 | -13.33 % change on previous year | +702.9% |
| 1994 | -8.76 % change on previous year | -34.3% |
| 1995 | 18.7 % change on previous year | -313.5% |
| 1996 | 7.24 % change on previous year | -61.3% |
| 1997 | -0.6038 % change on previous year | -108.3% |
| 1998 | 8.57 % change on previous year | -1519.5% |
| 1999 | 3.16 % change on previous year | -63.2% |
| 2000 | -35.44 % change on previous year | -1223.1% |
| 2001 | 6.66 % change on previous year | -118.8% |
| 2002 | 16.02 % change on previous year | +140.4% |
| 2003 | 23.78 % change on previous year | +48.5% |
| 2004 | 16.36 % change on previous year | -31.2% |
| 2005 | 20.98 % change on previous year | +28.2% |
| 2006 | 18.71 % change on previous year | -10.8% |
| 2007 | 21.46 % change on previous year | +14.7% |
| 2008 | 15.52 % change on previous year | -27.7% |
| 2009 | -9.17 % change on previous year | -159.1% |
| 2010 | 23.61 % change on previous year | -357.3% |
| 2011 | 22.17 % change on previous year | -6.1% |
| 2012 | 4.92 % change on previous year | -77.8% |
| 2013 | 15 % change on previous year | +205.0% |
| 2014 | -12.8 % change on previous year | -185.3% |
| 2015 | -9.82 % change on previous year | -23.3% |
| 2016 | 13.68 % change on previous year | -239.4% |
| 2017 | 7.55 % change on previous year | -44.8% |
| 2018 | 11.41 % change on previous year | +51.1% |
| 2019 | 1.54 % change on previous year | -86.5% |
| 2020 | 2.5 % change on previous year | +61.6% |
| 2021 | 13.54 % change on previous year | +442.5% |
| 2022 | -6.62 % change on previous year | -148.9% |
| 2023 | 2.84 % change on previous year | -142.9% |
| 2024 | 0.8992 % change on previous year | -68.3% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate 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 |
|---|---|---|---|
| 1990 | +1697.1% | 1.04 % change on previous year | 18.61 % change on previous year |
| 1984 | +1618.8% | -0.8275 % change on previous year | 12.57 % change on previous year |
| 1998 | +1519.5% | -0.6038 % change on previous year | 8.57 % change on previous year |
| 2000 | -1223.1% | 3.16 % change on previous year | -35.44 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.8 % change on previous year | -12.62 % change on previous year | 16.47 % change on previous year | 9 |
| 1980s | 5.93 % change on previous year | -1.17 % change on previous year | 12.57 % change on previous year | 10 |
| 1990s | 4.44 % change on previous year | -13.33 % change on previous year | 18.7 % change on previous year | 10 |
| 2000s | 9.49 % change on previous year | -35.44 % change on previous year | 23.78 % change on previous year | 10 |
| 2010s | 7.73 % change on previous year | -12.8 % change on previous year | 23.61 % change on previous year | 10 |
| 2020s | 2.63 % change on previous year | -6.62 % change on previous year | 13.54 % change on previous year | 5 |
Countries ranked near Ghana
- 206 Mauritania 1.08 % change on previous year compare
- 207 Oman 0.9887 % change on previous year compare
- 208 Saint Kitts and Nevis 0.9396 % change on previous year compare
- 210 United Republic of Tanzania 0.6673 % change on previous year compare
- 211 Czechia 0.5332 % change on previous year compare
- 212 Norway 0.1609 % change on previous year 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$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Ghana?
- Gross domestic product — value us$, annual growth rate in Ghana was 0.8992 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Ghana?
- The highest recorded value was 23.78 % change on previous year in 2003.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Ghana?
- The lowest recorded value was -35.44 % change on previous year in 2000.
- How does Ghana rank for gross domestic product — value us$, annual growth rate?
- Ghana ranks 209th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 107.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.