Real gdp growth in Ghana
Ghana: Real gdp growth was 5.85 in 2024. ◆ Volatile
Real gdp growth in Ghana, 1980–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Ghana stood at 5.85.
Compared with earlier readings it is up 86.9% on the previous year and up 104.7% over ten years.
Over the whole period, real gdp growth in Ghana peaked at 13.96 in 2011 and was at its lowest, -8.3, in 1982.
Ghana ranks 31st of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.453 | — |
| 1981 | -3.75 | -928.7% |
| 1982 | -8.3 | +121.2% |
| 1983 | -6.22 | -25.1% |
| 1984 | 9.38 | -250.7% |
| 1985 | 6.43 | -31.4% |
| 1986 | 6.19 | -3.8% |
| 1987 | 6.66 | +7.6% |
| 1988 | 6.47 | -2.9% |
| 1989 | 4.54 | -29.8% |
| 1990 | 3.6 | -20.8% |
| 1991 | 4.77 | +32.8% |
| 1992 | 4.47 | -6.3% |
| 1993 | 4.77 | +6.7% |
| 1994 | 3.51 | -26.5% |
| 1995 | 4.23 | +20.7% |
| 1996 | 4.76 | +12.6% |
| 1997 | 5.8 | +21.7% |
| 1998 | 5.01 | -13.6% |
| 1999 | 4.53 | -9.6% |
| 2000 | 3.6 | -20.6% |
| 2001 | 3.83 | +6.5% |
| 2002 | 4.62 | +20.6% |
| 2003 | 5.11 | +10.7% |
| 2004 | 5.4 | +5.7% |
| 2005 | 6.23 | +15.3% |
| 2006 | 5.82 | -6.6% |
| 2007 | 4.07 | -30.0% |
| 2008 | 9 | +121.0% |
| 2009 | 5.68 | -36.9% |
| 2010 | 7.78 | +36.9% |
| 2011 | 13.96 | +79.4% |
| 2012 | 8.42 | -39.6% |
| 2013 | 7.24 | -14.0% |
| 2014 | 2.86 | -60.6% |
| 2015 | 2.12 | -25.7% |
| 2016 | 3.37 | +59.0% |
| 2017 | 8.13 | +141.0% |
| 2018 | 6.2 | -23.7% |
| 2019 | 6.51 | +5.0% |
| 2020 | 0.514 | -92.1% |
| 2021 | 5.08 | +887.5% |
| 2022 | 3.82 | -24.8% |
| 2023 | 3.13 | -18.1% |
| 2024 | 5.85 | +86.9% |
Ghana compared with similar countries
- Ghana's 5.85 is above the median for lower middle income countries, which is 4.07, 1.4× the median. (47 countries reporting)
- Ghana's 5.85 is above the median for Sub-Saharan Africa, which is 4.52, 1.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1981 | -928.7% | 0.453 | -3.75 |
| 2021 | +887.5% | 0.514 | 5.08 |
| 1984 | +250.7% | -6.22 | 9.38 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.18 | -8.3 | 9.38 | 10 |
| 1990s | 4.55 | 3.51 | 5.8 | 10 |
| 2000s | 5.34 | 3.6 | 9 | 10 |
| 2010s | 6.66 | 2.12 | 13.96 | 10 |
| 2020s | 3.68 | 0.514 | 5.85 | 5 |
Countries ranked near Ghana
- 29 Uganda 6 compare
- 30 Gambia, The 5.92 compare
- 32 Mozambique, Republic of 5.5 compare
- 33 Guinea-Bissau 5.2 compare
- 34 Malaysia 5.17 compare
More economy & growth data for Ghana
- Real gdp growth, annual growth rate 86.92 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Ghana?
- Real gdp growth in Ghana was 5.85 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Ghana?
- The highest recorded value was 13.96 in 2011.
- What is the lowest real gdp growth recorded in Ghana?
- The lowest recorded value was -8.3 in 1982.
- How does Ghana rank for real gdp growth?
- Ghana ranks 31st out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Ghana?
- Over the last ten years it is up 104.7%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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