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: South Africa, China, and India
Top 3 Exported Goods: Precious Stones & Metals, Oil & Mineral Fuels, and Fruit & Nuts

Top Industries Source: CIA World Factbook

Mining; Lumbering; Light Manufacturing; Aluminum Smelting

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $103 billion (2013)
GDP Growth Rate (annual %) 7.132% (2013)
GDP Per Capita, PPP (current international $) $3,974 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 78/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 11.608% (2013)
External debt stocks, total (DOD, current US$) $12,436 million (2012)
Total tax rate (% of commercial profits) 22.9% (2013)
Real Interest Rate (5 year average %) -5.862% (1988)
Manufacturing, value added (% of GDP) 5.809% (2013)
Current Account Balance (BoP, current US$) $-4,777,510,000 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 10,779,112 (2012)
Employment in Agriculture (% of total employment) 41.5% (2010)
Employment in Industry (% of total employment) 15.4% (2010)
Employment in Services (% of total employment) 43.1% (2010)
Unemployment Rate 3.6% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $22,738 million (2013)
Exports of goods and services (current US$) $20,296 million (2013)
Total Merchandise Trade (% of GDP) 71.872% (2012)
FDI, net inflows (BoP, current US$) $3,295 million (2012)
Commercial Service Exports (current US$) $3,199,920,000 (2012)
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