GDP (current US$), annual growth rate in Ghana
Ghana: GDP (current US$), annual growth rate was 2.83 % change on previous year in 2024. ◆ Volatile
GDP (current US$), annual growth rate in Ghana, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current us$), annual growth rate in Ghana stood at 2.83 % change on previous year.
Compared with earlier readings it is down 68.5% on the previous year and up 121.8% over ten years.
Over the whole period, gdp (current us$), annual growth rate in Ghana peaked at 94.38 % change on previous year in 2006 and was at its lowest, -35.44 % change on previous year, in 2000.
That places Ghana 164th out of 211 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.12 % change on previous year | — |
| 1972 | -12.61 % change on previous year | -238.2% |
| 1973 | 42.35 % change on previous year | -435.8% |
| 1974 | -3.74 % change on previous year | -108.8% |
| 1975 | -2.91 % change on previous year | -22.1% |
| 1976 | -1.6 % change on previous year | -45.2% |
| 1977 | 15.34 % change on previous year | -1060.9% |
| 1978 | 14.83 % change on previous year | -3.3% |
| 1979 | 9.77 % change on previous year | -34.1% |
| 1980 | 10.57 % change on previous year | +8.2% |
| 1981 | -5.01 % change on previous year | -147.4% |
| 1982 | -4.42 % change on previous year | -11.9% |
| 1983 | 0.5275 % change on previous year | -111.9% |
| 1984 | 8.75 % change on previous year | +1558.7% |
| 1985 | 2.09 % change on previous year | -76.2% |
| 1986 | 27.34 % change on previous year | +1210.7% |
| 1987 | -11.52 % change on previous year | -142.1% |
| 1988 | 2.42 % change on previous year | -121.0% |
| 1989 | 1.04 % change on previous year | -57.0% |
| 1990 | 12.13 % change on previous year | +1066.0% |
| 1991 | 12.13 % change on previous year | -0.1% |
| 1992 | -2.83 % change on previous year | -123.4% |
| 1993 | -6.97 % change on previous year | +146.0% |
| 1994 | -8.75 % change on previous year | +25.6% |
| 1995 | 18.69 % change on previous year | -313.5% |
| 1996 | 7.25 % change on previous year | -61.2% |
| 1997 | -0.5993 % change on previous year | -108.3% |
| 1998 | 8.57 % change on previous year | -1530.1% |
| 1999 | 3.15 % change on previous year | -63.2% |
| 2000 | -35.44 % change on previous year | -1223.4% |
| 2001 | 6.66 % change on previous year | -118.8% |
| 2002 | 16.02 % change on previous year | +140.4% |
| 2003 | 23.78 % change on previous year | +48.5% |
| 2004 | 16.36 % change on previous year | -31.2% |
| 2005 | 20.98 % change on previous year | +28.2% |
| 2006 | 94.38 % change on previous year | +349.9% |
| 2007 | 18.88 % change on previous year | -80.0% |
| 2008 | 15.52 % change on previous year | -17.8% |
| 2009 | -9.17 % change on previous year | -159.1% |
| 2010 | 23.61 % change on previous year | -357.3% |
| 2011 | 22.17 % change on previous year | -6.1% |
| 2012 | 4.92 % change on previous year | -77.8% |
| 2013 | 52.27 % change on previous year | +962.7% |
| 2014 | -13 % change on previous year | -124.9% |
| 2015 | -9.59 % change on previous year | -26.2% |
| 2016 | 13.57 % change on previous year | -241.5% |
| 2017 | 7.55 % change on previous year | -44.3% |
| 2018 | 11.38 % change on previous year | +50.7% |
| 2019 | 1.63 % change on previous year | -85.7% |
| 2020 | 2.42 % change on previous year | +49.0% |
| 2021 | 13.58 % change on previous year | +460.6% |
| 2022 | -7.04 % change on previous year | -151.8% |
| 2023 | 8.97 % change on previous year | -227.4% |
| 2024 | 2.83 % change on previous year | -68.5% |
Ghana compared with similar countries
- Ghana's 2.83 % change on previous year is below the median for lower middle income countries, which is 6.93 % change on previous year, 41% of the median. (47 countries reporting)
- Ghana's 2.83 % change on previous year is below the median for Sub-Saharan Africa, which is 7.12 % change on previous year, 40% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (current US$), annual growth rate 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 |
|---|---|---|---|
| 1984 | +1558.7% | 0.5275 % change on previous year | 8.75 % change on previous year |
| 1998 | +1530.1% | -0.5993 % change on previous year | 8.57 % change on previous year |
| 2000 | -1223.4% | 3.15 % change on previous year | -35.44 % change on previous year |
| 1986 | +1210.7% | 2.09 % change on previous year | 27.34 % change on previous year |
| 1977 | +1060.9% | -1.6 % change on previous year | 15.34 % change on previous year |
| 1990 | +1066.0% | 1.04 % change on previous year | 12.13 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.84 % change on previous year | -12.61 % change on previous year | 42.35 % change on previous year | 9 |
| 1980s | 3.18 % change on previous year | -11.52 % change on previous year | 27.34 % change on previous year | 10 |
| 1990s | 4.28 % change on previous year | -8.75 % change on previous year | 18.69 % change on previous year | 10 |
| 2000s | 16.8 % change on previous year | -35.44 % change on previous year | 94.38 % change on previous year | 10 |
| 2010s | 11.45 % change on previous year | -13 % change on previous year | 52.27 % change on previous year | 10 |
| 2020s | 4.15 % change on previous year | -7.04 % change on previous year | 13.58 % change on previous year | 5 |
Countries ranked near Ghana
- 161 Italy 2.96 % change on previous year compare
- 162 Ecuador 2.91 % change on previous year compare
- 163 Bangladesh 2.9 % change on previous year compare
- 165 Bosnia and Herzegovina 2.72 % change on previous year compare
- 166 Jamaica 2.61 % change on previous year compare
- 167 Azerbaijan 2.61 % change on previous year compare
More population data for Ghana
- Population regions with projections, annual growth rate 0.1514 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.09 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.1514 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.2469 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 52,232 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.76 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5066 % change on previous year (2100)
- World population growth 0.1% (2100)
- Population density 296.87 people per km² (2100)
- Number of children under 5, by world region 4.28 million people (2100)
Frequently asked questions
- What is gdp (current us$), annual growth rate in Ghana?
- Gdp (current us$), annual growth rate in Ghana was 2.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current us$), annual growth rate recorded in Ghana?
- The highest recorded value was 94.38 % change on previous year in 2006.
- What is the lowest gdp (current us$), annual growth rate recorded in Ghana?
- The lowest recorded value was -35.44 % change on previous year in 2000.
- How does Ghana rank for gdp (current us$), annual growth rate?
- Ghana ranks 164th out of 211 countries with data for 2024.
- Is gdp (current us$), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 121.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of GDP (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.