Ghana Gross Domestic Product (GDP) by Year (1961–2023)

Ghana's Gross Domestic Product (GDP) has experienced significant fluctuations from 1961 to 2023, reflecting various economic dynamics and external influences. In the early years, the GDP was approximately $1.31 billion in 1961, gradually rising to about $2.2 billion by the early 1970s. However, the economy faced considerable challenges, including political instability and fluctuating commodity prices, leading to a decline in GDP to around $1.9 billion in 1983.

The 1990s marked a turning point with the introduction of economic reforms that encouraged market liberalization and private sector growth, resulting in a resurgence in GDP. The discovery of oil in 2007 further propelled economic growth, contributing to a significant increase in GDP, which soared to around $12.4 billion by 2010.

In the following years, Ghana's GDP continued to expand, reaching approximately $68.3 billion in 2019. Despite the global disruptions caused by the COVID-19 pandemic, the country’s GDP remained robust, reaching around $70.0 billion in 2020. Recent trends indicate a recovery and growth trajectory, with GDP reported to reach approximately $76.4 billion in 2023.