Data centre · Economy

Ghana economic indicators, 1992–2025

Growth, income per person, inflation, the cedi exchange rate, trade, investment and remittances — the headline measures of the economy since the Fourth Republic began.

Ghana Statistical Service; Bank of Ghana; World Bank / IMF · 1992–2025 · Annual

Geographic level: National
Update cadence: Annual
Licence: Publisher terms apply
Latest source: See source notes

Evidence classification

Published source records and estimates are labelled at figure level

Figure 01

Real GDP growth

Annual change in the size of the economy after removing inflation.

Year	%
1992	3.9%World Bank
1993	4.8%World Bank
1994	3.3%World Bank
1995	4.1%World Bank
1996	4.6%World Bank
1997	4.2%World Bank
1998	4.7%World Bank
1999	4.4%World Bank
2000	3.7%World Bank
2001	4.0%World Bank
2002	4.5%World Bank
2003	5.2%World Bank
2004	5.6%World Bank
2005	5.9%World Bank
2006	6.4%World Bank
2007	4.3%World Bank
2008	9.2%World Bank
2009	4.8%World Bank
2010	7.9%World Bank
2011	14.1%World Bank
2012	9.3%World Bank
2013	7.3%World Bank
2014	2.9%World Bank
2015	2.1%World Bank
2016	3.4%World Bank
2017	8.1%World Bank
2018	6.2%World Bank
2019	6.5%World Bank
2020	0.5%World Bank
2021	5.1%World Bank
2022	3.8%World Bank
2023	3.1%World Bank
2024	5.8%World Bank
2025	6.0%World Bank

Figure 02

GDP in US dollars

Total output at current prices, converted to US dollars.

Year	US$
1992	6,416,103,926World Bank
1993	5,968,922,939World Bank
1994	5,446,383,727World Bank
1995	6,464,382,808World Bank
1996	6,932,991,739World Bank
1997	6,891,443,192World Bank
1998	7,482,069,162World Bank
1999	7,718,109,982World Bank
2000	4,982,850,662World Bank
2001	5,314,872,854World Bank
2002	6,166,197,848World Bank
2003	7,632,723,556World Bank
2004	8,881,417,907World Bank
2005	10,744,568,381World Bank
2006	20,885,037,597World Bank
2007	24,827,339,138World Bank
2008	28,679,383,241World Bank
2009	26,048,720,006World Bank
2010	32,197,655,567World Bank
2011	39,336,668,081World Bank
2012	41,271,701,061World Bank
2013	62,845,721,960World Bank
2014	54,678,533,806World Bank
2015	49,436,806,230World Bank
2016	56,144,179,398World Bank
2017	60,385,409,435World Bank
2018	67,259,353,966World Bank
2019	68,352,629,246World Bank
2020	70,008,243,860World Bank
2021	79,514,204,730World Bank
2022	73,919,003,212World Bank
2023	80,547,146,876World Bank
2024	83,288,585,604World Bank
2025	114,209,905,279World Bank

Figure 03

GDP per person (US$)

Total output divided by population, at current prices in US dollars.

Year	US$
1992	396World Bank
1993	360World Bank
1994	321World Bank
1995	372World Bank
1996	389World Bank
1997	378World Bank
1998	400World Bank
1999	403World Bank
2000	254World Bank
2001	264World Bank
2002	297World Bank
2003	358World Bank
2004	406World Bank
2005	479World Bank
2006	906World Bank
2007	1,050World Bank
2008	1,183World Bank
2009	1,048World Bank
2010	1,264World Bank
2011	1,507World Bank
2012	1,544World Bank
2013	2,295World Bank
2014	1,950World Bank
2015	1,723World Bank
2016	1,912World Bank
2017	2,012World Bank
2018	2,195World Bank
2019	2,187World Bank
2020	2,195World Bank
2021	2,445World Bank
2022	2,230World Bank
2023	2,384World Bank
2024	2,419World Bank
2025	3,257World Bank

Figure 04

Inflation (consumer prices)

Annual rise in the consumer price index.

Year	%
1992	10.1%World Bank
1993	25.0%World Bank
1994	24.9%World Bank
1995	59.5%World Bank
1996	46.6%World Bank
1997	27.9%World Bank
1998	14.6%World Bank
1999	4.9%World Bank
2000	40.2%World Bank
2001	41.5%World Bank
2002	9.4%World Bank
2003	29.8%World Bank
2004	18.0%World Bank
2005	15.4%World Bank
2006	11.7%World Bank
2007	10.7%World Bank
2008	16.5%World Bank
2009	19.3%World Bank
2010	10.7%World Bank
2011	8.7%World Bank
2012	11.2%World Bank
2013	11.7%World Bank
2014	15.5%World Bank
2015	17.1%World Bank
2016	17.4%World Bank
2017	12.4%World Bank
2018	7.8%World Bank
2019	7.1%World Bank
2020	9.9%World Bank
2021	10.0%World Bank
2022	31.3%World Bank
2023	38.1%World Bank
2024	22.9%World Bank
2025	14.2%World Bank

Figure 05

Cedis per US dollar (yearly average)

Official average rate. Years before the 2007 redenomination are shown in today’s cedis (old cedis ÷ 10,000).

Year	GHS per US$
1992	0World Bank
1993	0World Bank
1994	0World Bank
1995	0World Bank
1996	0World Bank
1997	0World Bank
1998	0World Bank
1999	0World Bank
2000	1World Bank
2001	1World Bank
2002	1World Bank
2003	1World Bank
2004	1World Bank
2005	1World Bank
2006	1World Bank
2007	1World Bank
2008	1World Bank
2009	1World Bank
2010	1World Bank
2011	2World Bank
2012	2World Bank
2013	2World Bank
2014	3World Bank
2015	4World Bank
2016	4World Bank
2017	4World Bank
2018	5World Bank
2019	5World Bank
2020	6World Bank
2021	6World Bank
2022	8World Bank
2023	11World Bank
2024	14World Bank
2025	13World Bank

Figure 06

Exports of goods and services

Value of everything Ghana sells abroad, relative to the size of the economy.

Year	% of GDP
1992	17.2%World Bank
1993	20.3%World Bank
1994	25.3%World Bank
1995	24.5%World Bank
1996	32.1%World Bank
1997	32.4%World Bank
1998	33.9%World Bank
1999	32.1%World Bank
2000	48.8%World Bank
2001	45.2%World Bank
2002	42.6%World Bank
2003	40.7%World Bank
2004	39.3%World Bank
2005	36.5%World Bank
2006	24.7%World Bank
2007	24.5%World Bank
2008	25.0%World Bank
2009	29.3%World Bank
2010	29.5%World Bank
2011	36.9%World Bank
2012	40.4%World Bank
2013	25.4%World Bank
2014	28.2%World Bank
2015	33.8%World Bank
2016	31.2%World Bank
2017	33.9%World Bank
2018	33.5%World Bank
2019	37.5%World Bank
2020	31.5%World Bank
2021	30.1%World Bank
2022	34.7%World Bank
2023	31.8%World Bank
2024	35.1%World Bank

Figure 07

Foreign direct investment inflows

New long-term foreign investment into Ghanaian businesses, net.

Year	% of GDP
1992	0.3%World Bank
1993	2.1%World Bank
1994	4.3%World Bank
1995	1.6%World Bank
1996	1.7%World Bank
1997	1.2%World Bank
1998	2.2%World Bank
1999	3.2%World Bank
2000	3.3%World Bank
2001	1.7%World Bank
2002	1.0%World Bank
2003	1.8%World Bank
2004	1.6%World Bank
2005	1.4%World Bank
2006	3.0%World Bank
2007	5.6%World Bank
2008	9.5%World Bank
2009	9.1%World Bank
2010	7.8%World Bank
2011	8.3%World Bank
2012	8.0%World Bank
2013	5.1%World Bank
2014	6.2%World Bank
2015	6.5%World Bank
2016	6.2%World Bank
2017	5.4%World Bank
2018	4.4%World Bank
2019	5.7%World Bank
2020	2.7%World Bank
2021	3.2%World Bank
2022	1.9%World Bank
2023	1.6%World Bank
2024	2.1%World Bank
2025	1.7%World Bank

Figure 08

Remittances received

Money sent home by Ghanaians working abroad.

Year	% of GDP
1992	0.1%World Bank
1993	0.2%World Bank
1994	0.3%World Bank
1995	0.3%World Bank
1996	0.4%World Bank
1997	0.4%World Bank
1998	0.4%World Bank
1999	0.4%World Bank
2000	0.7%World Bank
2001	0.9%World Bank
2002	0.7%World Bank
2003	0.8%World Bank
2004	0.9%World Bank
2005	0.9%World Bank
2006	0.5%World Bank
2007	0.5%World Bank
2008	0.4%World Bank
2009	0.4%World Bank
2010	0.4%World Bank
2011	5.4%World Bank
2012	5.2%World Bank
2013	3.0%World Bank
2014	3.7%World Bank
2015	10.1%World Bank
2016	5.3%World Bank
2017	5.9%World Bank
2018	5.2%World Bank
2019	5.9%World Bank
2020	6.1%World Bank
2021	2.5%World Bank
2022	2.9%World Bank
2023	3.0%World Bank
2024	3.6%World Bank
2025	2.1%World Bank

Sources

Every figure on this page is linked to a named publisher. Official counts, survey results and modelled estimates remain visibly distinct in the figure and source notes.

Ghana Statistical Service
National accounts and consumer price index releases
Ghana's official GDP and inflation figures. GDP was rebased in 2010 and 2013, so older years are back-cast estimates.
Bank of Ghana
Statistical bulletins — exchange rates and balance of payments
Official cedi rates, exports, investment inflows and remittances.
World Bank
World Development Indicators — Ghana
Harmonised annual series compiled from the national sources above, used so every year is on the same basis.

Attribution: Ghana Statistical Service; Bank of Ghana; World Bank / IMF