Value Added (Total Manufacturing) — Value Standard Local Currency in Ghana
Ghana: Value Added (Total Manufacturing) — Value Standard Local Currency was 28,918 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Ghana, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Ghana stood at 28,918 million SLC.
The figure is up 0.9% on the previous year and up 43.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Ghana peaked at 29,377 million SLC in 2021 and was at its lowest, 8,399 million SLC, in 1983.
Ghana ranks 108th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Ghana, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 17,683 million SLC | — |
| 1971 | 16,595 million SLC | -6.2% |
| 1972 | 15,079 million SLC | -9.1% |
| 1973 | 18,324 million SLC | +21.5% |
| 1974 | 17,281 million SLC | -5.7% |
| 1975 | 18,854 million SLC | +9.1% |
| 1976 | 18,027 million SLC | -4.4% |
| 1977 | 18,539 million SLC | +2.8% |
| 1978 | 17,963 million SLC | -3.1% |
| 1979 | 14,945 million SLC | -16.8% |
| 1980 | 14,730 million SLC | -1.4% |
| 1981 | 11,891 million SLC | -19.3% |
| 1982 | 9,454 million SLC | -20.5% |
| 1983 | 8,399 million SLC | -11.2% |
| 1984 | 9,482 million SLC | +12.9% |
| 1985 | 11,786 million SLC | +24.3% |
| 1986 | 13,092 million SLC | +11.1% |
| 1987 | 14,403 million SLC | +10.0% |
| 1988 | 15,131 million SLC | +5.1% |
| 1989 | 15,221 million SLC | +0.6% |
| 1990 | 16,116 million SLC | +5.9% |
| 1991 | 16,285 million SLC | +1.0% |
| 1992 | 16,855 million SLC | +3.5% |
| 1993 | 9,310 million SLC | -44.8% |
| 1994 | 9,448 million SLC | +1.5% |
| 1995 | 9,620 million SLC | +1.8% |
| 1996 | 9,953 million SLC | +3.5% |
| 1997 | 10,683 million SLC | +7.3% |
| 1998 | 11,111 million SLC | +4.0% |
| 1999 | 11,644 million SLC | +4.8% |
| 2000 | 12,086 million SLC | +3.8% |
| 2001 | 12,534 million SLC | +3.7% |
| 2002 | 13,135 million SLC | +4.8% |
| 2003 | 13,740 million SLC | +4.6% |
| 2004 | 14,372 million SLC | +4.6% |
| 2005 | 15,090 million SLC | +5.0% |
| 2006 | 15,724 million SLC | +4.2% |
| 2007 | 15,533 million SLC | -1.2% |
| 2008 | 16,108 million SLC | +3.7% |
| 2009 | 15,898 million SLC | -1.3% |
| 2010 | 17,106 million SLC | +7.6% |
| 2011 | 20,014 million SLC | +17.0% |
| 2012 | 20,402 million SLC | +1.9% |
| 2013 | 20,167 million SLC | -1.2% |
| 2014 | 19,649 million SLC | -2.6% |
| 2015 | 20,368 million SLC | +3.7% |
| 2016 | 21,981 million SLC | +7.9% |
| 2017 | 24,073 million SLC | +9.5% |
| 2018 | 25,071 million SLC | +4.1% |
| 2019 | 26,656 million SLC | +6.3% |
| 2020 | 27,166 million SLC | +1.9% |
| 2021 | 29,377 million SLC | +8.1% |
| 2022 | 28,648 million SLC | -2.5% |
| 2023 | 28,918 million SLC | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17,329 million SLC | 14,945 million SLC | 18,854 million SLC | 10 |
| 1980s | 12,359 million SLC | 8,399 million SLC | 15,221 million SLC | 10 |
| 1990s | 12,102 million SLC | 9,310 million SLC | 16,855 million SLC | 10 |
| 2000s | 14,422 million SLC | 12,086 million SLC | 16,108 million SLC | 10 |
| 2010s | 21,549 million SLC | 17,106 million SLC | 26,656 million SLC | 10 |
| 2020s | 28,527 million SLC | 27,166 million SLC | 29,377 million SLC | 4 |
Countries ranked near Ghana
- 105 Finland 33,281 million SLC compare
- 106 Sudan 31,448 million SLC compare
- 107 French Polynesia 31,035 million SLC compare
- 109 New Zealand 28,110 million SLC compare
- 110 China, Hong Kong SAR 28,051 million SLC compare
- 111 Belarus 22,913 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)
- Gross domestic savings (current US$), annual growth rate 36.32 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.1222 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 295.68 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate 75.65 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 1.74 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 4,199 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 18.54 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.8078 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Ghana?
- Value added (total manufacturing) — value standard local currency in Ghana was 28,918 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Ghana?
- The highest recorded value was 29,377 million SLC in 2021.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Ghana?
- The lowest recorded value was 8,399 million SLC in 1983.
- How does Ghana rank for value added (total manufacturing) — value standard local currency?
- Ghana ranks 108th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Ghana?
- Over the last ten years it is up 43.4%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. 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).