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Sierra Leone's economy in numbers:
Nominal GDP of USD 4.2 billion in 2021.
GDP per capita of USD 521 compared to the global average of USD 10,589.
Average real GDP growth of 4.3% over the last decade.
Economic structure:
In 2020, services accounted for 35% of overall GDP, manufacturing 2%, other industrial activity 4%, and agriculture 59%. Looking at GDP by expenditure, private consumption accounted for 101% of GDP in 2020, government consumption 8%, fixed investment 12%, and net exports -21%.International trade:
In 2018, manufactured products made up 25% of total merchandise exports, mineral fuels 0%, food 46%, ores and metals 20% and agricultural raw materials 9%, with other categories accounting for 0% of the total. In the same period, manufactured products made up 64% of total merchandise imports, mineral fuels 1%, food 32%, ores and metals 1% and agricultural raw materials 2%, with other goods accounting for 0% of the total. Total exports were worth USD 1 billion in 2021, while total imports were USD 2 billion.Economic growth:
The economy recorded average annual growth of 4.3% in the decade to 2021. To read more about GDP growth in Sierra Leone, go to our dedicated page.
Fiscal policy:
Sierra Leone's fiscal deficit averaged 3.9% of GDP in the decade to 2022. Find out more on our dedicated page.
Inflation:
Inflation averaged 12.4% in the decade to 2022. Go to our Sierra Leone inflation page for extra insight.
Monetary Policy:
Sierra Leone's monetary policy rate ended 2021 at 18.86%, down from 21.00% a decade earlier. See our Sierra Leone monetary policy page for additional details.
Exchange Rate:
From end-2014 to end-2022 the leone weakened by 73.7% vs the U.S. dollar. For more info on the leone, click here.
26 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 5 expert analysts.
Want to get insight on the economic outlook for Sierra Leone in the coming years? FocusEconomics collects projections out to 2033 on 26 economic indicators for Sierra Leone from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Sierra Leone economy. To download a sample report on the Sierra Leone's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .