Labor force | 14.887 million (2023 est.) |
---|---|
Industrial production growth rate | -1.22% (2023 est.) |
Industries | mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building, petroleum |
Population below poverty line | 23.4% (2016 est.) |
Taxes and other revenues | 12.3% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | cedis (GHC) per US dollar - |
Exchange rates 2023 | 11.02 (2023 est.) |
Exchange rates 2022 | 8.272 (2022 est.) |
Exchange rates 2021 | 5.806 (2021 est.) |
Exchange rates 2020 | 5.596 (2020 est.) |
Exchange rates 2019 | 5.217 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $3.624 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $5.205 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $9.917 billion (2021 est.) |
Current account balance | |
Current account balance 2022 | -$1.517 billion (2022 est.) |
Current account balance 2021 | -$2.541 billion (2021 est.) |
Current account balance 2020 | -$2.134 billion (2020 est.) |
Public debt | |
Public debt 2017 | 71.8% of GDP (2017 est.) |
Budget | |
Revenues | $11.684 billion (2022 est.) |
Expenditures | $16.842 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 6.41% of GDP (2023 est.) |
Remittances 2022 | 6.24% of GDP (2022 est.) |
Remittances 2021 | 5.24% of GDP (2021 est.) |
Household income | |
Lowest 10% | 1.6% (2016 est.) |
Highest 10% | 32.2% (2016 est.) |
Average household expenditures | |
On food | 38.3% of household expenditures (2022 est.) |
On alcohol and tobacco | 0.6% of household expenditures (2022 est.) |
Imports | |
Imports 2022 | $26.329 billion (2022 est.) |
Imports 2021 | $25.967 billion (2021 est.) |
Imports 2020 | $24.545 billion (2020 est.) |
Imports (partners) | China 41%, Netherlands 7%, India 5%, US 5%, Cote d'Ivoire 4% (2022) |
Comodities Imports force | refined petroleum, plastic products, garments, coated flat-rolled iron, ships (2022) |
Exports | |
Imports 2022 | $26.329 billion (2022 est.) |
Imports 2021 | $25.967 billion (2021 est.) |
Imports 2020 | $24.545 billion (2020 est.) |
Exports (partners) | UAE 24%, Switzerland 17%, US 14%, India 10%, China 10% (2022) |
Comodities Exports force | gold, crude petroleum, cocoa beans, coconuts/Brazil nuts/cashews, cocoa paste (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $229.639 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $223.07 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $214.867 billion (2021 est.) |
GDP (official exchange rate) | $76.37 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $6,700 (2023 est.) |
Real GDP per capita 2022 | $6,700 (2022 est.) |
Real GDP per capita 2021 | $6,500 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 21.1% (2023 est.) |
Industry | 29.5% (2023 est.) |
Services | 42.5% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 84.2% (2023 est.) |
Government consumption | 5.9% (2023 est.) |
Investment in fixed capital | 10.7% (2023 est.) |
Investment in inventories | 0.2% (2023 est.) |
Exports of goods and services | 34% (2023 est.) |
Imports of goods and services | -35% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 3.08% (2023 est.) |
Unemployment rate 2022 | 3.08% (2022 est.) |
Unemployment rate 2021 | 3.34% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 5.5% (2023 est.) |
Male | 5.6% (2023 est.) |
Female | 5.4% (2023 est.) |
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