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
More on the Ghana Export, Import and Trade

Economic Indicator Listing
  For Ghana in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.474 %
GDP (Current Prices, National Currency)GHC 117.12 Billion.
GDP (Current Prices, US Dollars)US$ 35.475 Billion
GDP Deflator 344.862 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)GHC 1,295.45 .
GDP Per Capita (Current Prices, National Currency)GHC 4,467.50 .
GDP Per Capita (Current Prices, US Dollars)US$ 1,353.16
GDP (PPP), US DollarsUS$ 109.392 Billion
GDP Per Capita (PPP), US DollarsUS$ 4,172.68
GDP Share of World Total (PPP) 0.102 %
Implied PPP Conversion Rate 1.071
Investment (% of GDP) 24.584 %
Gross National Savings (% of GDP) 14.653 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 129.174 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 15.726 %
Inflation, End of Year (Indexed to Year 2000) 138.209 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 18.5 %
Import Volume of All Items Including Goods and Services (Percent Change) -12.778 %
Import Volumes of Goods Only (Percent Change) -12.036 %
Export Volume of All Items Including Goods and Services (Percent Change) 0.69 %
Export Volumes of Goods Only (Percent Change) 0.69 %
Population 26.216 Million
General government revenue (National Currency)GHC 21.621 Billions.
General government revenue (% of GDP) 18.461 %
General government total expenditure (National Currency)GHC 30.771 Billions.
General government total expenditure (% of GDP) 26.273 %
Total Government Net Lending/ Borrowing (National Currency)GHC -9.15 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -7.813 %
Fiscal Year Gross Domestic Product, Current PricesGHC 117.12 Billions.
Current Account Balance (US Dollars)US$ -3.523 Billion
Current Account Balance (% GDP) -9.932 %
Economic Indicators for Ghana 2014

GDP (Constant Prices, National Currency) for Ghana in year 2014 is GHC 33.962 Billion.

GDP Growth (Constant Prices, National Currency) for Ghana in year 2014 is 4.474 %.

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 (Constant Prices, National Currency) for Ghana in year 2014 is GHC 1,295.45 .

GDP Per Capita (Current Prices, National Currency) for Ghana in year 2014 is GHC 4,467.50 .

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 .

GDP Share of World Total (PPP) for Ghana in year 2014 is 0.102 %.

Implied PPP Conversion Rate for Ghana in year 2014 is 1.071 .

Investment (% of GDP) for Ghana in year 2014 is 24.584 %.

Gross National Savings (% of GDP) for Ghana in year 2014 is 14.653 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Ghana in year 2014 is 129.174 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Ghana in year 2014 is 15.726 %.

Inflation, End of Year (Indexed to Year 2000) for Ghana in year 2014 is 138.209 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Ghana in year 2014 is 18.5 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Ghana in year 2014 is -12.778 %.

Import Volumes of Goods Only (Percent Change) for Ghana in year 2014 is -12.036 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Ghana in year 2014 is 0.69 %.

Export Volumes of Goods Only (Percent Change) for Ghana in year 2014 is 0.69 %.

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 revenue (% of GDP) for Ghana in year 2014 is 18.461 %.

General government total expenditure (National Currency) for Ghana in year 2014 is GHC 30.771 Billions.

General government total expenditure (% of GDP) for Ghana in year 2014 is 26.273 %.

Total Government Net Lending/ Borrowing (National Currency) for Ghana in year 2014 is GHC -9.15 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Ghana in year 2014 is -7.813 %.

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.

Current Account Balance (% GDP) for Ghana in year 2014 is -9.932 %.

* Source: IMF
Aggregate Indicators for Ghana
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Ghana
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Ghana
  Natural Resources, Agricultural Products, Land Use and Water Use for Ghana
  Nationality, Ethnic Groups, Languages and Religions for Ghana
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Ghana
  Age Structure, Median Age, Gender and Urbanization for Ghana
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Ghana
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Ghana
  HIV, AIDS and Other Major Infectious Disease Rates for Ghana
  Literacy Rate, Educational Expenditure and School Life Expectancy for Ghana
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Ghana
  Industries and Industrial Growth Production Rate for Ghana
  Labor Force by Occupation for Ghana
  Poverty Line, Gini Index, Household Income and Consumption for Ghana
  National Budget and Public Debt for Ghana
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Ghana
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Ghana
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Ghana
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Ghana
  Foreign Exchange Reserves and Gold Reserves for Ghana
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Ghana
  Exchange Rate Statistics for Ghana
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Ghana
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Ghana
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Ghana
  Television and Radio Statistics (TV Stats, Radio Stats) for Ghana
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Ghana
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Ghana
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Ghana
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Ghana
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Ghana
* Source: CIA
Internet Indicators for Ghana
Indicators
  Number of Internet Users for Ghana
  Internet Penetration Rate for Ghana
  Number of Facebook Accounts for Ghana
  Facebook Penetration Rate for Ghana
* Source: IWS
Economic Freedom Indicators for Ghana
Indicators
  Economic Freedom World Rank for Ghana
  Economic Freedom Regional Ranking for Ghana
  Business Freedom for Ghana
  Trade Freedom for Ghana
  Fiscal Freedom for Ghana
  Government Spending for Ghana
  Monetary Freedom for Ghana
  Investment Freedom for Ghana
  Financial Freedom for Ghana
  Property Rights for Ghana
  Freedom from Corruption for Ghana
  Labor Freedom for Ghana
  Tariff Rate for Ghana
  Income Tax Rate for Ghana
  Corporate Tax Rate for Ghana
  Tax Burden % of GDP for Ghana
  Government Expenditure % of GDP for Ghana
* Source: HFO
Corruption Perceptions Index Rank and Score for Ghana
Indicator
  Corruption Perceptions Index Rank and Score for Ghana
* Source: TIO
Ghana Economic Indicators in other Years
  Ghana Economic Indicators for Year 2019 (Forecast)
  Ghana Economic Indicators for Year 2018 (Forecast)
  Ghana Economic Indicators for Year 2017 (Forecast)
  Ghana Economic Indicators for Year 2016 (Forecast)
  Ghana Economic Indicators for Year 2015 (Forecast)
Ghana Economic Indicators for Year 2014 (Current)
  Ghana Economic Indicators for Year 2013
  Ghana Economic Indicators for Year 2012
  Ghana Economic Indicators for Year 2011
  Ghana Economic Indicators for Year 2010
  Ghana Economic Indicators for Year 2009
  Ghana Economic Indicators for Year 2008
  Ghana Economic Indicators for Year 2007
  Ghana Economic Indicators for Year 2006
  Ghana Economic Indicators for Year 2005
  Ghana Economic Indicators for Year 2004
  Ghana Economic Indicators for Year 2003
  Ghana Economic Indicators for Year 2002
  Ghana Economic Indicators for Year 2001
  Ghana Economic Indicators for Year 2000
  Ghana Economic Indicators for Year 1999
  Ghana Economic Indicators for Year 1998
  Ghana Economic Indicators for Year 1997
  Ghana Economic Indicators for Year 1996
  Ghana Economic Indicators for Year 1995
  Ghana Economic Indicators for Year 1994
  Ghana Economic Indicators for Year 1993
  Ghana Economic Indicators for Year 1992
  Ghana Economic Indicators for Year 1991
  Ghana Economic Indicators for Year 1990
  Ghana Economic Indicators for Year 1989
  Ghana Economic Indicators for Year 1988
  Ghana Economic Indicators for Year 1987
  Ghana Economic Indicators for Year 1986
  Ghana Economic Indicators for Year 1985
  Ghana Economic Indicators for Year 1984
  Ghana Economic Indicators for Year 1983
  Ghana Economic Indicators for Year 1982
  Ghana Economic Indicators for Year 1981
  Ghana Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International