Sierra Leone: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Sierra Leone is one of the top diamond producers in the world. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2018): China, United Arab Emirates, and Belgium |
| Top Industries Source: CIA World Factbook | Diamond Mining; Small-Scale Manufacturing (Beverages, Textiles, Cigarettes, Footwear); Petroleum Refining; Small Commercial Ship Repair |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $16,618,220,888 (2022) |
| GDP Growth Rate (annual %) | 3.501% (2022) |
| GDP Per Capita, PPP (current international) | $1,931 (2022) |
GDP Country Rank 154/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 27.208% (2022) |
| External debt stocks, total (DOD, current US$) | $2,453,032,240 (2021) |
| Total tax rate (% of commercial profits) | 30.7% (2019) |
| Real Interest Rate (5 year average %) | 11.405% (2021) |
| Manufacturing, value added (% of GDP) | 1.878% (2021) |
| Current Account Balance (BoP, current US$) | ($358,390,214) (2021) |
Labor and Employment [1]
| Labor Force, Total | 2,800,724 (2022) |
| Employment in Agriculture (% of total employment) | 42.714% (2021) |
| Employment in Industry (% of total employment) | 11.904% (2021) |
| Employment in Services (% of total employment) | 45.382% (2021) |
| Unemployment Rate | 3.635% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $1,761,846,791 (2021) |
| Exports of goods and services (current US$) | $719,316,463 (2021) |
| Total Merchandise Trade (% of GDP) | 75.51% (2022) |
| FDI, net inflows (BoP, current US$) | $250,000,000 (2022) |
| Commercial Service Exports (current US$) | $67,688,636 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Sierra Leone’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.