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Indicators of economy in Sierra Leone

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Sierra Leone, on the other hand, reached USD 480 per capita, or 4.04 billion USD for the whole country. Sierra Leone is currently at number 168 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Sierra Leone ranks 179th in the list of the richest countries.

Inflation in Sierra Leone in 2021 was around 11.87%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 68.8 percent lower.
The index for perceived corruption in the public sector is 34, which is below average by global standards.


Back to overview: Sierra Leone

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Sierra Leone in 2020 decreased moderatly from 4.08 billion US dollars to 4.06 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.33 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 4.6 to 5.2 percent. The inflation rate fell from 14.8 percent previously to 13.4 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Sierra Leone
Total
Sierra Leone
per capita
EU
Total
EU
per capita
GDP4.04 bn USD480.04 USD17.177 tn USD33,384.92 USD
Gross national product4.22 bn USD501.02 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1960 - 2021



Imports and Exports 2020

 Sierra Leone
Total
Sierra Leone
per capita
EU
Total
EU
per capita
Imports1.42 bn USD168.37 USD8.916 tn USD17,329.02 USD
Exports700.97 m USD83.24 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1977 - 2020

Exports
Imports



Sierra Leone: AirportsThe 5 airports in Sierra LeoneThe 5 biggest airports in Sierra Leone
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Heavily Indebted Poor CountriesList of the 36 Heavily Indebted Poor CountriesInformation on the 36 heavily indebted states that could not survive without subsidies.