Ghana: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| 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 (2019): China, India, and Switzerland |
| Top Industries Source: CIA World Factbook | Mining; Lumbering; Light Manufacturing; Aluminum Smelting |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $173,893,741,809 (2020) |
| GDP Growth Rate (annual %) | 0.414% (2020) |
| GDP Per Capita, PPP (current international) | $5,596 (2020) |
GDP Country Rank 72/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 9.953% (2020) |
| External debt stocks, total (DOD, current US$) | $26,958,719,429 (2019) |
| Total tax rate (% of commercial profits) | 55.4% (2019) |
| Real Interest Rate (5 year average %) | -5.549% (1988) |
| Manufacturing, value added (% of GDP) | 9.921% (2020) |
| Current Account Balance (BoP, current US$) | ($1,863,971,933) (2019) |
Labor and Employment [1]
| Labor Force, Total | 12,934,257 (2020) |
| Employment in Agriculture (% of total employment) | 28.46% (2020) |
| Employment in Industry (% of total employment) | 22.185% (2020) |
| Employment in Services (% of total employment) | 49.355% (2020) |
| Unemployment Rate | 4.53% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $23,713,149,960 (2019) |
| Exports of goods and services (current US$) | $24,098,556,292 (2019) |
| Total Merchandise Trade (% of GDP) | 37.085% (2020) |
| FDI, net inflows (BoP, current US$) | $3,879,831,470 (2019) |
| Commercial Service Exports (current US$) | $9,869,633,396 (2019) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.