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Sierra Leone

Headline economic indicators for Sierra Leone, with the most recent official readings.

Prices

Prices — Sierra Leone
Indicator Value Change
Inflation rate · 7.5% -21.15 (-73.9%)
Consumer price index · 771.8 +53.76 (+7.5%)
GDP deflator inflation · 2.7% -7.78 (-74.4%)

GDP

GDP — Sierra Leone
Indicator Value Change
GDP growth rate · 4.6% +0.32 (+7.3%)
GDP per capita · 846.3 +39.64 (+4.9%)
GDP per capita, long-run history · 1,690 +25.39 (+1.5%)
GDP · 7,464,157,904.44 +493,030,670 (+7.1%)
GDP, PPP · 32,782,240,324 +2,298,188,340 (+7.5%)
GDP per capita, PPP · 3,717 +189.47 (+5.4%)
GDP per capita growth · 2.5% +0.40 (+18.9%)
GNI per capita · 830 +10.00 (+1.2%)
Agriculture to GDP · 29.5% +0.38 (+1.3%)
Industry to GDP · 25.7% +0.14 (+0.5%)
Manufacturing to GDP · 7.0% -0.71 (-9.2%)
Services to GDP · 41.6% -0.97 (-2.3%)
Household consumption to GDP · 78.2% -1.77 (-2.2%)
Gross capital formation to GDP · 23.2% +2.74 (+13.4%)
Gross savings to GDP · 19.2% +7.61 (+65.7%)

Labour

Labour — Sierra Leone
Indicator Value Change
Unemployment rate · 3.2% +0.05 (+1.5%)
Labour force participation rate · 53.4% -0.21 (-0.4%)
Female labour force participation rate · 51.6% -0.21 (-0.4%)
Youth unemployment rate · 3.7% +0.23 (+6.5%)
Employment to population ratio · 51.7% -0.23 (-0.4%)
Employment in agriculture · 44.5% -0.59 (-1.3%)
Employment in industry · 11.5% +0.13 (+1.1%)
Employment in services · 44.0% +0.46 (+1.1%)

Money

Money — Sierra Leone
Indicator Value Change
Real interest rate · 18.3% +9.10 (+99.2%)
Broad money to GDP · 22.6% +2.22 (+10.9%)
Private sector credit to GDP · 5.5% +1.54 (+38.7%)
Lending rate · 21.4% +0.86 (+4.2%)
Bank deposit rate · 7.0% +0.24 (+3.6%)
Official exchange rate · 21.3 +7.26 (+51.7%)

Trade

Trade — Sierra Leone
Indicator Value Change
Current account to GDP · -14.1% -6.26 (-79.6%)
Exports to GDP · 20.9% +3.63 (+21.0%)
Imports to GDP · 28.2% +4.93 (+21.2%)
Trade to GDP · 49.1% +8.55 (+21.1%)
Exports of goods and services · 1,559,342,046.46 +355,731,731 (+29.6%)
Imports of goods and services · 2,105,266,492.7 +482,402,245 (+29.7%)
Trade balance, goods and services (annual) · -1,314,708,032.78 -474,609,782 (-56.5%)
Current account balance (annual) · -984,255,892.69 -479,757,915 (-95.1%)
Foreign direct investment to GDP · 2.4% +0.62 (+35.8%)
Remittances received to GDP · 4.6% +0.04 (+0.8%)
Total reserves, including gold · 433,270,129.08 -62,428,665 (-12.6%)
Reserves in months of imports · 1.8 -0.86 (-33.0%)
External debt to GNI · 31.1% -6.67 (-17.7%)

Government

Government — Sierra Leone
Indicator Value Change
Government consumption to GDP · 5.9% +0.33 (+5.8%)
Education spending to GDP · 2.6% -2.28 (-46.5%)
Health spending to GDP · 4.7% -0.08 (-1.8%)

Demography

Demography — Sierra Leone
Indicator Value Change
Population · 8,819,794 +177,772 (+2.1%)
Population, long-run history · 6,910 +148.61 (+2.2%)
Population growth · 2.0% -0.09 (-4.1%)
Life expectancy · 62.0 +0.18 (+0.3%)
Fertility rate · 3.70 -0.09 (-2.3%)
Birth rate · 30.1 -0.49 (-1.6%)
Death rate · 8.2 -0.08 (-0.9%)
Urban population share · 45.9% +0.56 (+1.2%)
Population aged 65 and over · 3.3% +0.04 (+1.3%)
Under-five mortality rate · 90.5 -3.30 (-3.5%)
Population density · 119.7 +2.51 (+2.1%)
Net migration · -11,309 -309.00 (-2.8%)
Gini index · 35.7 +1.70 (+5.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Sierra Leone; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.