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Indicators of economy in Ghana

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Ghana reached 2.206 US dollars per inhabitant, or 68.53 bn US Dollar in the whole country. Ghana is therefore currently ranked 73 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Ghana is in the list of the world's richest countries in place 135.

Inflation in Ghana was in 2021 at around 9.97%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 62.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Ghana

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Ghana in 2020 increased from 68.34 billion US Dollar to 68.53 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 0.28 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% previously to 9.9% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Ghana
Total
Ghana
per capita
EU
Total
EU
per capita
GDP68.53 bn USD2,205.53 USD15,291.93 tn USD29,692.11 USD
Gross national product72.86 bn USD2,344.68 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Ghana
Total
Ghana
per capita
EU
Total
EU
per capita
Imports24.55 bn USD789.93 USD7,340.01 bn USD14,251.98 USD
Exports22.08 bn USD710.49 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1975 - 2020

Exports
Imports



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