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Indicators of economy in Ghana

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Ghana, on the other hand, reached USD 2,363 per capita, or 77.59 billion USD for the whole country. Ghana is therefore currently ranked 72 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Ghana ranks 139th in the list of the richest countries.

Inflation in Ghana in 2021 was around 9.97%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 62.7 percent lower.
The index for perceived corruption in the public sector is 43, which is below average by global standards.


Back to overview: Ghana

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Ghana in 2020 increased from 68.34 billion US dollars to 70.04 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 2.5 percent increase has been rather unusual this year. While most countries have suffered significant losses, Ghana has certainly held its own. The tourism sector alone slumped by around 87 percent. The unemployment rate rose from 4.3 to 4.7 percent. The consumer inflation rate has risen from 7.1 percent previously to 9.9 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Ghana
Total
Ghana
per capita
EU
Total
EU
per capita
GDP77.59 bn USD2,363.30 USD17.177 tn USD33,384.92 USD
Gross national product74.91 bn USD2,281.56 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Ghana
Total
Ghana
per capita
EU
Total
EU
per capita
Imports24.55 bn USD747.58 USD8.916 tn USD17,329.02 USD
Exports22.08 bn USD672.40 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



Ghana: AirportsLargest airports and airlines in GhanaThe 5 biggest airports and 3 airlines in Ghana with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Alliance: ASEAN - Association of Southeast Asian NationsMembers of the ASEAN - Association of Southeast Asian NationsThe 10 members of the ASEAN trade agreement, listed with area and population (8.5% of world population)