2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Norway-Ghana Trade: In 2022, Norway exported $39.1M to Ghana. The main products that Norway exported to Ghana were Non-fillet Frozen Fish ($11.1M), Gas and Liquid Flow Measuring Instruments ($7.05M), and Machinery Having Individual Functions ($5.28M). Over the past 5 years the exports of Norway to Ghana have decreased at an annualized rate of 10.2%, from $67M in 2017 to $39.1M in 2022.

In 2022, Norway did not export any services to Ghana.

Ghana-Norway Trade: In 2022, Ghana exported $1.71M to Norway. The main products that Ghana exported to Norway were Machinery Having Individual Functions ($368k), Other Processed Fruits and Nuts ($331k), and Non-Knit Women's Shirts ($142k). Over the past 5 years the exports of Ghana to Norway have decreased at an annualized rate of 22.9%,  from $6.26M in 2017 to $1.71M in 2022.

In 2022, Ghana did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $39.1M to Ghana. The main products exported from Norway to Ghana were Non-fillet Frozen Fish ($11.1M), Gas and Liquid Flow Measuring Instruments ($7.05M), and Machinery Having Individual Functions ($5.28M). During the last 5 years the exports of Norway to Ghana have decreased at an annualized rate of 10.2%, from $67M in 2017 to $39.1M in 2022.

In 2017, Ghana exported $1.71M to Norway. The main products exported from Ghana to Norway were Machinery Having Individual Functions ($368k), Other Processed Fruits and Nuts ($331k), and Non-Knit Women's Shirts ($142k). During the last 5 years the exports of Ghana to Norway have decreased at an annualized rate of 22.9%, from $6.26M in 2022 to $1.71M in 2017.

Exports from Norway (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Ghana
Top Destination
United Arab Emirates$4.72B

This map shows whether countries import more from Norway or Ghana. Each country is colored based on the difference in imports they receive from Norway and Ghana or the difference in the growth in imports.

In 2022, countries that imported more from Norway than Ghana included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Ghana than Norway included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

Difference in imports from Ghana (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Ghana

Flow
Scale

This chart compares trade between Norway and Ghana by product, considering products traded by both, Norway and Ghana.

During 2022, Norway had a large net trade with Ghana in the exports of Animal Products ($11.8M), Machines ($11.7M), and Instruments ($7.43M).

During 2017, Ghana had a large net trade with Norway in the exports of Machines ($500k), Foodstuffs ($370k), and Vegetable Products ($274k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ghana+$825kDelivery Trucks
Top Product Potential Ghana Norway+$163kCoconuts, Brazil Nuts, and Cashews

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Ghana. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Ghana (Flag) (2022)

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