Ghana: Economy

Economic Trivia

The services sector accounts for 50% of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2013): South Africa, China, and United Arab Emirates
Top 3 Exported Goods (2013): Precious Stones & Metals, Oil & Mineral Fuels, and Cocoa

Top Industries Source: CIA World Factbook

Mining; Lumbering; Light Manufacturing; Aluminum Smelting

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $115,136,546,616 (2015)
GDP Growth Rate (annual %) 3.883% (2015)
GDP Per Capita, PPP (current international) $4,201 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 79/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 17.145% (2015)
External debt stocks, total (DOD, current US$) $17,611,828,000 (2014)
Total tax rate (% of commercial profits) 32.7% (2015)
Real Interest Rate (5 year average %) -5.862% (1988)
Manufacturing, value added (% of GDP) 5.017% (2015)
Current Account Balance (BoP, current US$) ($2,809,291,858) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 11,372,106 (2014)
Employment in Agriculture (% of total employment) 44.7% (2013)
Employment in Industry (% of total employment) 14.4% (2013)
Employment in Services (% of total employment) 40.9% (2013)
Unemployment Rate 2.4% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $20,739,493,699 (2015)
Exports of goods and services (current US$) $16,681,730,731 (2015)
Total Merchandise Trade (% of GDP) 71.944% (2014)
FDI, net inflows (BoP, current US$) $3,192,320,531 (2015)
Commercial Service Exports (current US$) $1,977,405,534 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ghana’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary