Ghana

ECON COMPLEXITY (2018)

-1.34

RANK 125 OF 137

PRODUCT EXPORTS (2018)

$20.5B

RANK 71 OF 222

EXPORTS PER CAPITA (2018)

$689

RANK 13 OF 219

PRODUCT IMPORTS (2018)

$14.9B

RANK 84 OF 221

IMPORTS PER CAPITA (2018)

$499

RANK 22 of 219

SERVICE EXPORTS (2014)

$2.04B

RANK 101 OF 176

SERVICE IMPORTS (2014)

$4.63B

RANK 75 OF 175

GDP (2018)

$65.6B

CURRENT US$
RANK 73 OF 196

GDP GROWTH (2008-2018)

130%

CURRENT US$
RANK 18 OF 196

GDP PC (2018)

$2,202

CURRENT US$
RANK 145 OF 196

GDP PC GROWTH (2008-2018)

81.9%

Overview: In 2018 Ghana was the number 73 economy in the world in terms of GDP (current US$), the number 71 in total exports, the number 84 in total imports, and the number 125 most complex economy according to the Economic Complexity Index (ECI). In 2018, Ghana exported $20.5B and imported $14.9B, resulting in a positive trade balance of $5.64B. In 2018, Ghana’s exports per capita were $689 and its imports per capita were $499

Trade: The top exports of Ghana are Gold ($10B), Crude Petroleum($4.65B), Cocoa Beans ($1.78B), Cocoa Paste ($489M), and Coconuts, Brazil Nuts, and Cashews ($424M). The top imports of Ghana are Refined Petroleum ($738M), Cars ($466M), Rice ($425M), Non-fillet Frozen Fish ($303M), and Delivery Trucks ($274M).

Destinations: Ghana exports mostly to India ($5.18B), Switzerland($3.33B), China ($2.25B), South Africa ($1.6B), and United Arab Emirates ($1.17B), and imports mostly from China ($4.36B), United States ($810M), Netherlands ($745M), India ($738M), and United Kingdom ($559M).

Location: Ghana borders Burkina Faso, Cote d’Ivoire, and Togo by land and Benin and Nigeria by sea.

Exports

In 2018 Ghana exported a total of $20.5B, making it the number 71 exporter in the world. During the last five reported years the exports of Ghana have changed by $3.2B from $17.3B in 2013 to $20.5B in 2018.

The most recent exports are led by Gold ($10B), Crude Petroleum ($4.65B), Cocoa Beans ($1.78B), Cocoa Paste ($489M), and Coconuts, Brazil Nuts, and Cashews ($424M).

Imports

In 2018 Ghana imported $14.9B, making it the number 84 trade destination in the world. During the last five reported years the imports of Ghana changed by -$1.42B from $16.3B in 2013 to $14.9B in 2018.

The most recent imports of Ghana are led by Refined Petroleum ($738M), Cars ($466M), Rice ($425M), Non-fillet Frozen Fish ($303M), and Delivery Trucks ($274M).

Trade Balance

As of 2018 Ghana had a positive trade balance of $3.9B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $484M in net imports.

Destinations

The most common destination for the exports of Ghana are India ($5.18B), Switzerland ($3.33B), China ($2.25B), South Africa ($1.6B), and United Arab Emirates ($1.17B).

Origins

The most common import partners for Ghana are China ($4.36B), United States ($810M), Netherlands ($745M), India ($738M), and United Kingdom ($559M).