Ghana - Services, value added (current LCU)

The value for Services, value added (current LCU) in Ghana was 172,608,000,000 as of 2020. As the graph below shows, over the past 36 years this indicator reached a maximum value of 172,608,000,000 in 2020 and a minimum value of 9,482,800 in 1984.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1984 9,482,800
1985 10,676,800
1986 17,667,400
1987 24,526,100
1988 35,332,600
1989 47,327,700
1990 72,781,900
1991 90,832,200
1992 104,925,800
1993 106,590,000
1994 142,280,000
1995 215,080,000
1996 297,600,000
1997 393,590,000
1998 488,320,000
1999 584,743,900
2000 782,400,000
2001 1,110,100,000
2002 1,427,460,000
2003 1,922,990,000
2004 2,291,049,000
2005 2,812,260,000
2006 8,690,376,000
2007 10,921,620,000
2008 13,934,640,000
2009 17,543,500,000
2010 22,183,620,000
2011 27,422,720,000
2012 35,837,270,000
2013 50,523,640,000
2014 59,369,530,000
2015 74,355,900,000
2016 96,437,000,000
2017 114,272,000,000
2018 134,786,000,000
2019 160,948,000,000
2020 172,608,000,000

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts