Source
Central bank

Bank of Sierra Leone

International Reserves

USD 0.6 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 4.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 11.4 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.2% 8.1% 5.4% 3.2% 5.4% 6.3% 15.2%
2013 2014 2015* 2016* 2017*    
20.7% 4.6% -21.1% 4.3% 5%    

*Estimate

GDP per capita - current prices

USD 677.3 (2017, estimate)

GDP per capita - PPP

Intl$ 1,737.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.02% 0.01% 0.01% 0.009%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 71.1% 
  • industry: 7.9% 
  • services: 21%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
9.8% 8.3% 9.0% 9.7% 9.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
30.5% 35% 43.8% 48.1% 47.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-2.4% -3.6% -4.4% -5% -3.7%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.7 billion (2017 estimate)

Current account balance by percentage of GDP

-16.3% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

19.4% (2015)

Shares in world total merchandising export

0.004% (2015)

Shares in world total commercial services export

0.004% (2014)

Total exports

USD 886.4 million (2016 estimate)

Export commodities

Iron ore, diamonds, rutile, cocoa, coffee, fish

Total imports

USD 1.3 billion (2016 estimate)

 
 
Source
Import commodities

Foodstuffs, machinery and equipment, fuels and lubricants, chemicals

Exports - major partners

China 31.3%, Belgium 27.8%, Romania 11.3%, US 7.3%, India 4% (2015)

Imports - major partners

China 23%, India 7.9%, US 6.4%, Netherlands 5.1% (2015)

FDI inflows
2013 2014 2015
USD 430 million USD 404 million USD 519 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 148 out of 190 countries (2017)

Subcategories:

Starting a business: 87 out of 190 countries

Enforcing Contracts: 100 out of 190 countries

Registering Property: 163 out of 190 countries

Getting Credit: 157 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 169 out of 190 countries

Paying Taxes: 87 out of 190 countries

Dealing with Construction Permits: 132 out of 190 countries

Getting Electricity: 176 out of 190 countries

Resolving Insolvency: 148 out of 190 countries

Global competitiveness ranking

132 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 142 / Score: 52.31 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

71,740 sq km

Capital

Freetown

Currency

Leones (SLL)

Government type

Presidential republic

Languages

English (official, regular use limited to literate minority), Mende (principal vernacular in the south), Temne (principal vernacular in the north), Krio (English-based Creole, spoken by the descendants of freed Jamaican slaves who were settled in the Freetown area, a lingua franca and a first language for 10% of the population but understood by 95%)

Religions

Muslim 60%, Christian 10%, indigenous beliefs 30%

Total population
1990 2000 2010 2016* 2021*
4.043 million 4.14 million 5.752 million 6.439 million 7.008 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
17% 30% 36% 40%
Population median age

19 years (2016 estimate)

Population growth rate

2.36% (2016 estimate)

Life expectancy

58.2 years (2016 estimate)

Literacy

Total population: 48.1%
Male: 58.7%
Female: 37.7% (2015 est.)

(age 15 and over can read and write English, Mende, Temne, or Arabic) 

% of population living on less than $3.10 a day

36.7% (2011)

Inequality of wealth distribution (Gini index)

34.0 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 0.27%   Mobile 89.53% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

2.5% (2015)

Mercer Cost of living index

N/A

CO2 emissions

0.2 (2013)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards