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PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
Tackling these issues will be necessary if Ghana's rapid economic growth is to be maintained. [ 31 ] According to Transparency International 's 2022 Corruption Perception Index , Ghana was ranked 72nd out of 180 countries, with a score of 43 on a scale where a 0–9 score means highly corrupt, and a 90–100 score means very clean.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The following lists show the latest figures for GDP and GDP per capita. Most figures are 2024 data from the International Monetary Fund; figures for dependent territories (both GDP [1] [2] and GDP per capita [3]) are 2024 data from the United Nations. Figures from other sources and years are noted as such.
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
In 2010, 5.2% of Ghana's GDP was spent on health. [197] In 2020, the WHO announced Ghana became the second country in the WHO African Region to attain regulatory system "maturity level 3", the second-highest in the four-tiered WHO classification of National medicines regulatory systems. [198]
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Ghana became the fastest growing nation in the world in 2011 [4] [5] [6] and once more in 2019. [7] [8] [9] Ghana’s rapid growth (7 percent per year in 2017-19) was halted by the consequences of COVID-19 pandemic, especially the March 2020 Ghana’s lockdown. [10]