Browse a full set of economic indicators

Sierra Leone

Includes historical data for Sierra Leone’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Mineral Wealth And Agricultural Potential

Located on the coast of West Africa and bordering Guinea to the north and Liberia to the South, Sierra Leone emerged from a decade-long brutal civil war in 2002. Post-civil war, with help from international institutions and donors, it began rebuilding, rapidly achieving some of the world’s highest economic growth rates. When Ebola struck in 2014 and 2015, it plunged the country into yet another difficult crisis.

Sierra Leone boasts rich mineral reserves, fishery resources, plenty of arable land, and tourism potential. Significant opportunities for domestic and foreign investors also exist in energy, water, telecommunications and infrastructure. However, they face significant challenges, including corruption, a weak rule of law, deficient business regulations, and an underdeveloped financial sector. Furthermore, widespread poverty, youth unemployment and a lack of skilled labor, as well as vulnerability to weather conditions and dependency on commodity prices, compound the country’s problems.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Freetown
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 8.6 million
Median Age 19.5
Adult Per Capita Income (PPP) 3,760.01
Total GDP (2023) 4.6 billion

Sierra Leone GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 2.2 billion (2023)
Leading Exports Titanium
Lumber
Diamonds
Aluminum
Cocoa Beans
Total Imports USD 1.5 billion (2022)
Leading Imports Rice
Plastics
Packaged Medicines
Sauces/Seasonings
Cars
Source: World Integrated Trade Solution

Sierra Leone Leading Companies

Rokel Commercial Bank Financials
Sierra Leone Commercial Bank Financials
Union Trust Bank Financials
Sierra Leone National Petroleum Oil & Gas Refining & Marketing
National Diamond Mining Company  Materials, Metals & Mining
Sierra Tel Telecommunication Services
Sierra Leone Brewery Consumer Staples, Brewers

Major Trade Partners — Import

China 20%
United Arab Emirates 8%
Belgium 8%
India 7%
United States 5%

Source: World Integrated Trade Solution

Major Trade Partners — Export

China 18%
South Korea 14%
Netherlands 14%
Somalia 11%
Ghana 8%

Source: World Integrated Trade Solution


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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