2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 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 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 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

Armenia-Ghana Trade: In 2022, Armenia exported $13.3k to Ghana. The main products that Armenia exported to Ghana were Hard Liquor ($6) and Other Fermented Beverages ($3). Over the past 6 years the exports of Armenia to Ghana have decreased at an annualized rate of 11.9%, from $28.4k in 2016 to $13.3k in 2022.

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

Ghana-Armenia Trade: In 2022, Ghana exported $683k to Armenia. The main products that Ghana exported to Armenia were Cocoa Beans ($535k), Cocoa Paste ($198k), and Cocoa Powder ($147k). Over the past 6 years the exports of Ghana to Armenia have increased at an annualized rate of 69.8%,  from $28.5k in 2016 to $683k in 2022.

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

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). 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, Armenia exported $13.3k to Ghana. The main products exported from Armenia to Ghana were Hard Liquor ($6) and Other Fermented Beverages ($3). During the last 6 years the exports of Armenia to Ghana have decreased at an annualized rate of 11.9%, from $28.4k in 2016 to $13.3k in 2022.

In 2017, Ghana exported $683k to Armenia. The main products exported from Ghana to Armenia were Cocoa Beans ($535k), Cocoa Paste ($198k), and Cocoa Powder ($147k). During the last 20 years the exports of Ghana to Armenia have increased at an annualized rate of 69.8%, from $28.5k in 1997 to $683k in 2017.

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

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

Latest Data

Trade between Armenia (Flag) and Ghana (Flag)

Armenia Exports

Ghana Exports

Date

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Armenia than Ghana included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Ghana than Armenia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

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

Comparative Advantage Armenia - Ghana

Flow
Scale

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

During 2022, Armenia had a large net trade with Ghana in the exports of Foodstuffs ($9).

During 2017, Ghana had a large net trade with Armenia in the exports of Foodstuffs ($915k), Vegetable Products ($14.5k), and Wood Products ($1.56k).

Economic Complexity

Competitive Landscape

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

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

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