Indicators of economy in Sierra Leone
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Sierra Leone reached 509 US dollars per inhabitant, or 4.06 bn US Dollar in the whole country. Sierra Leone is currently at number 165 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Sierra Leone is in the list of the world's richest countries in place 180.Inflation in Sierra Leone was in 2021 at around 11.87%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 68.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Sierra Leone
Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Sierra Leone in 2020 decreased moderatly from 4.08 billion US Dollar to 4.06 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.33% 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 has fallen from 14.8 percent previously to 13.4 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Sierra Leone Total | Sierra Leone per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 4.06 bn USD | 509.38 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 4.06 bn USD | 509.14 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of gross domestic product in million US Dollar 1960 - 2020
› Debt budget development
› Development of inflation
› Corruption in Sierra Leone
› Cost of living in a global comparison
› Development of inflation
› Corruption in Sierra Leone
› Cost of living in a global comparison
Im- and Exports 2020
Sierra Leone Total | Sierra Leone per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 1.82 bn USD | 227.91 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 741.70 m USD | 92.98 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in million US dollars 1977 - 2020
Exports
Imports