Ghana’s GDP per capita has grown nearly tenfold since 2000, despite years of economic volatility

Key Takeaways

Between 2000 and 2008, Ghana’s GDP per capita rose from $253.7 to $1,182.7, more than quadrupling in just nine years.
It peaked in 2013 at $2,294.8 but declined sharply after 2014.
After a dip in 2022, it rebounded to $2,405.8 in 2024, nearly 10 times higher than the figure in 2000.
The declines seen in 2009, 2015, and 2022 mirror global and local crises, including the 2008 financial crash, commodity shocks, and post-COVID disruptions.

From just $253.7 in 2000, Ghana’s GDP per capita has expanded nearly tenfold, reaching $2,405.8 by 2024, a testament to sustained long-term growth. Key milestones include a strong surge during the mid-2000s oil discovery era and a record peak in 2013 at over $2,294, before external shocks and fiscal pressures caused downturns in 2014–2016 and 2022. Yet, despite periods of volatility, Ghana’s overall trajectory reflects a resilient and steadily maturing economy, with increasing income levels over time.

Source:

World bank

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Period:

2000 - 2024

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