Gross Domestic Product — Value US$ in Ghana
Ghana: Gross Domestic Product — Value US$ was 77,057 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Ghana, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Ghana recorded 77,057 million USD for gross domestic product — value us$ in 2024.
The figure is up 0.9% on the previous year and up 40.7% over ten years.
Over the whole period, gross domestic product — value us$ in Ghana peaked at 79,524 million USD in 2021 and was at its lowest, 4,185 million USD, in 1973.
That places Ghana 81st out of 203 countries with data for 2024, putting it 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 US$ in Ghana, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4,698 million USD | — |
| 1971 | 5,128 million USD | +9.2% |
| 1972 | 4,481 million USD | -12.6% |
| 1973 | 4,185 million USD | -6.6% |
| 1974 | 4,875 million USD | +16.5% |
| 1975 | 4,664 million USD | -4.3% |
| 1976 | 4,747 million USD | +1.8% |
| 1977 | 5,157 million USD | +8.6% |
| 1978 | 5,987 million USD | +16.1% |
| 1979 | 6,321 million USD | +5.6% |
| 1980 | 6,924 million USD | +9.5% |
| 1981 | 7,314 million USD | +5.6% |
| 1982 | 7,228 million USD | -1.2% |
| 1983 | 7,168 million USD | -0.8% |
| 1984 | 8,069 million USD | +12.6% |
| 1985 | 8,747 million USD | +8.4% |
| 1986 | 9,389 million USD | +7.3% |
| 1987 | 10,083 million USD | +7.4% |
| 1988 | 11,026 million USD | +9.4% |
| 1989 | 11,140 million USD | +1.0% |
| 1990 | 13,214 million USD | +18.6% |
| 1991 | 14,856 million USD | +12.4% |
| 1992 | 14,610 million USD | -1.7% |
| 1993 | 12,663 million USD | -13.3% |
| 1994 | 11,553 million USD | -8.8% |
| 1995 | 13,714 million USD | +18.7% |
| 1996 | 14,707 million USD | +7.2% |
| 1997 | 14,618 million USD | -0.6% |
| 1998 | 15,871 million USD | +8.6% |
| 1999 | 16,372 million USD | +3.2% |
| 2000 | 10,570 million USD | -35.4% |
| 2001 | 11,274 million USD | +6.7% |
| 2002 | 13,080 million USD | +16.0% |
| 2003 | 16,191 million USD | +23.8% |
| 2004 | 18,840 million USD | +16.4% |
| 2005 | 22,792 million USD | +21.0% |
| 2006 | 27,056 million USD | +18.7% |
| 2007 | 32,863 million USD | +21.5% |
| 2008 | 37,962 million USD | +15.5% |
| 2009 | 34,479 million USD | -9.2% |
| 2010 | 42,618 million USD | +23.6% |
| 2011 | 52,068 million USD | +22.2% |
| 2012 | 54,629 million USD | +4.9% |
| 2013 | 62,825 million USD | +15.0% |
| 2014 | 54,783 million USD | -12.8% |
| 2015 | 49,406 million USD | -9.8% |
| 2016 | 56,165 million USD | +13.7% |
| 2017 | 60,406 million USD | +7.6% |
| 2018 | 67,299 million USD | +11.4% |
| 2019 | 68,338 million USD | +1.5% |
| 2020 | 70,043 million USD | +2.5% |
| 2021 | 79,524 million USD | +13.5% |
| 2022 | 74,263 million USD | -6.6% |
| 2023 | 76,370 million USD | +2.8% |
| 2024 | 77,057 million USD | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,024 million USD | 4,185 million USD | 6,321 million USD | 10 |
| 1980s | 8,709 million USD | 6,924 million USD | 11,140 million USD | 10 |
| 1990s | 14,218 million USD | 11,553 million USD | 16,372 million USD | 10 |
| 2000s | 22,511 million USD | 10,570 million USD | 37,962 million USD | 10 |
| 2010s | 56,854 million USD | 42,618 million USD | 68,338 million USD | 10 |
| 2020s | 75,452 million USD | 70,043 million USD | 79,524 million USD | 5 |
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)
- GNI (current LCU), annual growth rate 21.53 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 11.79 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 38,398 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -32.32 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -17 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 37.53 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.066 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 214.9 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Ghana?
- Gross domestic product — value us$ in Ghana was 77,057 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Ghana?
- The highest recorded value was 79,524 million USD in 2021.
- What is the lowest gross domestic product — value us$ recorded in Ghana?
- The lowest recorded value was 4,185 million USD in 1973.
- How does Ghana rank for gross domestic product — value us$?
- Ghana ranks 81st out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Ghana?
- Over the last ten years it is up 40.7%. 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 US$. 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).