Economy Which sector contributes most to Ghana’s GDP? Source Ghana Statistical Service (GSS): Newsletter - Quarterly Gross Domestic Product (QGDP) First Quarter 2023 Short answer Which sector contributes most to Ghana’s GDP? Services remained the largest sector of the Ghanaian economy in the first quarter of 2023, accounting for 47% of GDP at basic prices. Industry and agriculture accounted for32% and 21% of GDP respectively. ... Back Full answer
Economy What is Ghana’s inflation rate? Source Ghana Statistical Service (GSS): Consumer Price Index Bulletin October 2023 Short answer What is Ghana’s inflation rate? In October 2023, Ghana's annual inflation rate was recorded at 35.2%. This is a decline from the previous month's rate of 38.1%, and it is the lowest in 14 months. Despite the decline, Ghana’s inflation rate remains well above the central bank's target range of 6% to 10%. ... Back Full answer
Economy What is Ghana’s annual GDP growth rate? Source African Development Group: Ghana Economic Outlook Short answer What is Ghana’s annual GDP growth rate? Ghana’s real GDP growth - which accounts for inflation - slowed from 5.4% in 2021 to 3.3% in 2022 due to macroeconomic instability, global financial tightening and the spillover effects of Russia’s invasion of Ukraine. ... Back Full answer
Economy What is Africa’s unemployment rate? Source ILO: Mutually reinforcing crises have worsened the global employment divide Short answer What is Africa’s unemployment rate? The unemployment rate in 2023 is projected to be 11.2% in North Africa and 6.3% inSub-Saharan Africa. ... Back Full answer
Economy What is the unemployment rate in Ghana? Source World Bank: Unemployment, total (% of total labor force) (modeled ILO estimate) - Ghana Short answer What is the unemployment rate in Ghana? According to data from the World BankGhana's unemployment rate was 3.9% in 2022. ... Back Full answer
Economy What is Africa’s total global debt? Source World Bank: International Debt Statistics 2022 Short answer What is Africa’s total global debt? In 2022, public debt in Africa reached USD 1.8 trillion. ... Back Full answer
Economy What is Nigeria’s public debt? Source National Bureau of Statistics: Nigerian Domestic & Foreign Debt (Q2 2023) Short answer What is Nigeria’s public debt? Nigeria's public debt stock, which includes external and domestic debt, stood at N87.38 trillion ($113.42 billion) in Q2 2023, up from N49.85 trillion ($108.30 billion) in Q1 2023, indicating a quarter-on-quarter growth of 75.27%. ... Back Full answer
#YouAsked Economy What is Nigeria’s balance of trade? Source National Bureau of Statistics: Foreign Trade in Goods Statistics (Q2 2023) Short answer What is Nigeria’s balance of trade? In the second quarter of 2023, Nigeria’s total trade balance was N12,741.96 billion. Total exports amounted to t N7,015.71 billion and total imports were N5,726.25 billion. ... Back Full answer
#YouAsked Economy How much does fuel cost in Nigeria? Source National Bureau of Statistics: Premium Motor Spirit (Petrol) Price Watch (November 2023) Short answer How much does fuel cost in Nigeria? The average retail price paid by consumers for Premium Motor Spirit (petrol) in November 2022 was N202.48,a 29.81% increase compared to the value in November 2021 (N167.60). ... Back Full answer