Gross domestic product (GDP) in Ghana
Ghana: Gross domestic product (GDP) was 23.47 billion current GBP in 2014. ◆ Volatile
Latest (2014)
23.47 billion current GBP
Change on year
down 23.3%
World rank
92nd
of 200 countries
All-time high
30.58 billion current GBP
in 2013
All-time low
203.00 million current GBP
in 1950
Years of data
65
1950–2014
Gross domestic product (GDP) in Ghana, 1950–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
In 2014, gross domestic product (gdp) in Ghana stood at 23.47 billion current GBP.
That represents a change of down 23.3% on the previous year and up 383.8% over ten years.
Over the whole period, gross domestic product (gdp) in Ghana peaked at 30.58 billion current GBP in 2013 and was at its lowest, 203.00 million current GBP, in 1950.
That places Ghana 92nd out of 200 countries with data for 2014, 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 (GDP) in Ghana, year by year
| Year | current GBP | Change |
|---|---|---|
| 1950 | 203.00 million current GBP | — |
| 1951 | 248.00 million current GBP | +22.2% |
| 1952 | 246.00 million current GBP | -0.8% |
| 1953 | 268.00 million current GBP | +8.9% |
| 1954 | 301.00 million current GBP | +12.3% |
| 1955 | 310.00 million current GBP | +3.0% |
| 1956 | 321.50 million current GBP | +3.7% |
| 1957 | 337.18 million current GBP | +4.9% |
| 1958 | 355.68 million current GBP | +5.5% |
| 1959 | 405.71 million current GBP | +14.1% |
| 1960 | 434.73 million current GBP | +7.2% |
| 1961 | 465.24 million current GBP | +7.0% |
| 1962 | 493.76 million current GBP | +6.1% |
| 1963 | 550.28 million current GBP | +11.4% |
| 1964 | 618.32 million current GBP | +12.4% |
| 1965 | 733.38 million current GBP | +18.6% |
| 1966 | 759.39 million current GBP | +3.5% |
| 1967 | 632.66 million current GBP | -16.7% |
| 1968 | 694.55 million current GBP | +9.8% |
| 1969 | 817.52 million current GBP | +17.7% |
| 1970 | 922.93 million current GBP | +12.9% |
| 1971 | 993.24 million current GBP | +7.6% |
| 1972 | 845.74 million current GBP | -14.9% |
| 1973 | 1.01 billion current GBP | +19.0% |
| 1974 | 1.24 billion current GBP | +23.0% |
| 1975 | 1.27 billion current GBP | +2.6% |
| 1976 | 1.54 billion current GBP | +21.1% |
| 1977 | 1.83 billion current GBP | +18.8% |
| 1978 | 1.91 billion current GBP | +4.5% |
| 1979 | 1.90 billion current GBP | -0.6% |
| 1980 | 1.91 billion current GBP | +0.8% |
| 1981 | 2.10 billion current GBP | +9.9% |
| 1982 | 2.31 billion current GBP | +10.0% |
| 1983 | 2.68 billion current GBP | +15.9% |
| 1984 | 3.32 billion current GBP | +23.9% |
| 1985 | 3.51 billion current GBP | +5.8% |
| 1986 | 3.91 billion current GBP | +11.3% |
| 1987 | 3.11 billion current GBP | -20.5% |
| 1988 | 2.92 billion current GBP | -5.9% |
| 1989 | 3.21 billion current GBP | +9.8% |
| 1990 | 3.32 billion current GBP | +3.3% |
| 1991 | 3.74 billion current GBP | +12.8% |
| 1992 | 3.65 billion current GBP | -2.3% |
| 1993 | 3.98 billion current GBP | +8.9% |
| 1994 | 3.56 billion current GBP | -10.6% |
| 1995 | 4.10 billion current GBP | +15.2% |
| 1996 | 4.45 billion current GBP | +8.5% |
| 1997 | 4.21 billion current GBP | -5.3% |
| 1998 | 4.52 billion current GBP | +7.3% |
| 1999 | 4.77 billion current GBP | +5.6% |
| 2000 | 3.29 billion current GBP | -31.0% |
| 2001 | 3.69 billion current GBP | +12.1% |
| 2002 | 4.11 billion current GBP | +11.4% |
| 2003 | 4.67 billion current GBP | +13.6% |
| 2004 | 4.85 billion current GBP | +3.8% |
| 2005 | 5.90 billion current GBP | +21.7% |
| 2006 | 11.09 billion current GBP | +87.9% |
| 2007 | 12.37 billion current GBP | +11.6% |
| 2008 | 15.52 billion current GBP | +25.4% |
| 2009 | 16.68 billion current GBP | +7.5% |
| 2010 | 20.82 billion current GBP | +24.9% |
| 2011 | 24.69 billion current GBP | +18.6% |
| 2012 | 26.55 billion current GBP | +7.5% |
| 2013 | 30.58 billion current GBP | +15.2% |
| 2014 | 23.47 billion current GBP | -23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 299.61 million current GBP | 203.00 million current GBP | 405.71 million current GBP | 10 |
| 1960s | 619.98 million current GBP | 434.73 million current GBP | 817.52 million current GBP | 10 |
| 1970s | 1.35 billion current GBP | 845.74 million current GBP | 1.91 billion current GBP | 10 |
| 1980s | 2.90 billion current GBP | 1.91 billion current GBP | 3.91 billion current GBP | 10 |
| 1990s | 4.03 billion current GBP | 3.32 billion current GBP | 4.77 billion current GBP | 10 |
| 2000s | 8.22 billion current GBP | 3.29 billion current GBP | 16.68 billion current GBP | 10 |
| 2010s | 25.22 billion current GBP | 20.82 billion current GBP | 30.58 billion current GBP | 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)
- Services, value added (constant LCU), per capita 2,606 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 14.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 37.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.934 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,042 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 11.73 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 38,201 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Ghana?
- Gross domestic product (gdp) in Ghana was 23.47 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Ghana?
- The highest recorded value was 30.58 billion current GBP in 2013.
- What is the lowest gross domestic product (gdp) recorded in Ghana?
- The lowest recorded value was 203.00 million current GBP in 1950.
- How does Ghana rank for gross domestic product (gdp)?
- Ghana ranks 92nd out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Ghana?
- Over the last ten years it is up 383.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.