Ghana 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$70.04 billion
↑ 2.50% vs 2019GDP per Capita
$2,196.55
↑ 0.47% vs 2019GDP Growth (Annual %)
0.51%
↓ 5.99pp vs 2019Inflation Rate (CPI %)
9.89%
↑ 2.74pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $68.34 billion | $70.04 billion | +2.50% |
| GDP per Capita | $2,186.19 | $2,196.55 | +0.47% |
| GDP Growth (Annual %) | 6.51% | 0.51% | -5.99pp |
| Inflation (CPI %) | 7.14% | 9.89% | +2.74pp |
| Unemployment Rate (%) | 3.16% | 3.31% | +0.15pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $70.04 billion
- GDP per Capita
- $2,196.55
- GDP Growth (Annual %)
- 0.51%
- Gross National Income
- $70.78 billion
Prices & Employment
- Inflation (CPI %)
- 9.89%
- Inflation (GDP Deflator %)
- 9.37%
- Unemployment Rate (%)
- 3.31%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -3.05%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Ghana's Gross Domestic Product (GDP) is $70.04 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Ghana for 2020 is $2,196.55. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Ghana for 2020 is 9.89%. This measures the annual percentage change in the cost of consumer goods and services.
Ghana's annual GDP growth rate for 2020 is 0.51%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Ghana for 2020 is 3.31%. This represents the percentage of the labor force that is unemployed and actively seeking employment.