Ghana Economic Statistics and Indicators
23, May 2015, EDT. Welcome to the Ghana economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Ghana › Change country
National or Regional Currency: Cedi, GHC
Year of data: 2014 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 25758108 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 238,533 sq km ; land: 227,533 sq km ; water: 11,000 sq km
Natural Resources: gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower, petroleum, silver, salt, limestone
Capital: name: Accra ; geographic coordinates: 5 33 N, 0 13 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. In late 2010, Ghana was recategorized as a lower middle-income country. Ghana is well-endowed with natural resources and agriculture accounts for roughly one-quarter of GDP and employs more than half of the workforce, mainly small landholders. The services sector accounts for 50% of GDP. Gold and cocoa production and individual remittances are major sources of foreign exchange. Oil production at Ghana's offshore Jubilee field began in mid-December 2010,and is producing close to target levels. Additional oil projects are being developed and are expected to come on line in a few years. Estimated oil reserves have jumped to almost 700 million barrels and Ghana’s growing oil industry is expected to boost economic growth as the country faces the consequences of two years of loose fiscal policy, high budget and current account deficits, and a depreciating currency. President MAHAMA faces challenges in managing a population that is unhappy with living standards and that perceives they are not reaping the benefits of oil production because of political corruption.
More on the Ghana Economy
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GDP (Constant Prices, National Currency) for Ghana in year 2014 is GHC 33.962 Billion.
GDP (Current Prices, National Currency) for Ghana in year 2014 is GHC 117.12 Billion.
GDP (Current Prices, US Dollars) for Ghana in year 2014 is US$ 35.475 Billion.
GDP Deflator for Ghana in year 2014 is 344.862 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, US Dollars) for Ghana in year 2014 is US$ 1,353.16 .
GDP (PPP), US Dollars for Ghana in year 2014 is US$ 109.392 Billion.
GDP Per Capita (PPP), US Dollars for Ghana in year 2014 is US$ 4,172.68 .
Investment (% of GDP) for Ghana in year 2014 is 24.584 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Ghana in year 2014 is 129.174 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Ghana in year 2014 is 138.209 (Index, Base Year 2000 = 100).
Population for Ghana in year 2014 is 26.216 Million .
General government revenue (National Currency) for Ghana in year 2014 is GHC 21.621 Billions.
General government total expenditure (National Currency) for Ghana in year 2014 is GHC 30.771 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Ghana in year 2014 is GHC -9.15 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Ghana in year 2014 is GHC 117.12 Billions.
Current Account Balance (US Dollars) for Ghana in year 2014 is US$ -3.523 Billion.
|Number of Internet Users for Ghana|
|Internet Penetration Rate for Ghana|
|Number of Facebook Accounts for Ghana|
|Facebook Penetration Rate for Ghana|
|Corruption Perceptions Index Rank and Score for Ghana|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International