Sierra Leone GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Sierra Leone's GDP changed from approximately $1B 701M in 1980 to $4B 558M in 2024, showing an overall 168.0% sharply increased during the period.
The lowest GDP was recorded in 2000 at $941M, and the highest in 2014 at $5B 7M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 2.3%.
For comparison, the average annual growth rate of Guinea was 5.5%, and that of Liberia was 7.4%.

Overview of Sierra Leone's GDP (1980–2024)

The Gross Domestic Product (GDP) of Sierra Leone recorded a 168.0% sharply increased from 1980 to 2024.
The average GDP during this period was $2B 340M, and the median was $1B 823M.
GDP fluctuated within a range of $4B 66M, with a standard deviation of $1B 291M.
The average annual change was $76M 737K.


Sierra Leone GDP from 1980 to 2024

The total market value of goods and services produced annually in Sierra Leone.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 2000, $941M
    • Highest GDP: 2014, $5B 7M
    • Most Recent GDP: 2024, $4B 558M

    Notable Annual GDP Changes

    • 2013: Significant increase in GDP
    • 1990: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Sierra Leone's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $4B 74M → $4B 59M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $2B 159M → $2B 454M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $941M → $1B 84M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $1B 240M → $981M
    • Outcome: sharply declined

    Key Economic Indicators of Sierra Leone (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1B 701M
    $ 479.60
    $ 782.77
    $ 2B 777M
    -0.56 %
    -9.691 %
    2.47 %
    0 %
    3M 547K people
    1981
    $ 1B 823M
    $ 501.74
    $ 852.01
    $ 3B 96M
    1.878 %
    -7.225 %
    1.11 %
    0 %
    3M 634K people
    1982
    $ 2B 49M
    $ 552.58
    $ 901.86
    $ 3B 346M
    1.78 %
    -8.285 %
    1.68 %
    0 %
    3M 710K people
    1983
    $ 1B 782M
    $ 469.37
    $ 901.27
    $ 3B 423M
    -1.576 %
    -0.988 %
    4.58 %
    0 %
    3M 797K people
    1984
    $ 2B 61M
    $ 539.98
    $ 944.26
    $ 3B 606M
    1.7 %
    -1.117 %
    5.36 %
    0 %
    3M 819K people
    1985
    $ 1B 755M
    $ 450.54
    $ 890.69
    $ 3B 470M
    -6.74 %
    0.16 %
    3.94 %
    0 %
    3M 895K people
    1986
    $ 1B 314M
    $ 330.04
    $ 889.94
    $ 3B 544M
    0.132 %
    10.708 %
    4.31 %
    0 %
    3M 982K people
    1987
    $ 1B 145M
    $ 281.36
    $ 913.75
    $ 3B 718M
    2.382 %
    -2.65 %
    1.09 %
    0 %
    4M 69K people
    1988
    $ 1B 877M
    $ 451.56
    $ 945.22
    $ 3B 929M
    2.058 %
    -0.151 %
    0.75 %
    0 %
    4M 157K people
    1989
    $ 1B 724M
    $ 405.25
    $ 1,007.20
    $ 4B 285M
    4.952 %
    -3.465 %
    −0.23 %
    0 %
    4M 254K people
    1990
    $ 948M
    $ 219.46
    $ 1,045.67
    $ 4B 517M
    1.611 %
    -7.321 %
    −4.58 %
    0 %
    4M 320K people
    1991
    $ 1B 138M
    $ 261.75
    $ 988.03
    $ 4B 297M
    -7.993 %
    1.347 %
    5.97 %
    0 %
    4M 349K people
    1992
    $ 992M
    $ 228.23
    $ 913.26
    $ 3B 971M
    -9.646 %
    -0.552 %
    7.39 %
    0 %
    4M 348K people
    1993
    $ 1B 122M
    $ 259.19
    $ 939.47
    $ 4B 67M
    0.054 %
    -5.149 %
    −2.57 %
    0 %
    4M 329K people
    1994
    $ 1B 331M
    $ 308.75
    $ 997.54
    $ 4B 299M
    3.5 %
    -6.697 %
    2.77 %
    0 %
    4M 310K people
    1995
    $ 1B 273M
    $ 295.71
    $ 917.59
    $ 3B 949M
    -10.025 %
    -9.277 %
    −0.79 %
    0 %
    4M 304K people
    1996
    $ 1B 374M
    $ 318.65
    $ 701.37
    $ 3B 25M
    -24.787 %
    -10.952 %
    −0.47 %
    0 %
    4M 313K people
    1997
    $ 1B 240M
    $ 286.07
    $ 584.85
    $ 2B 536M
    -17.596 %
    -4.424 %
    4.01 %
    0 %
    4M 335K people
    1998
    $ 981M
    $ 223.94
    $ 580.29
    $ 2B 543M
    -0.837 %
    -3.387 %
    7.25 %
    0 %
    4M 381K people
    1999
    $ 977M
    $ 218.91
    $ 530.90
    $ 2B 369M
    -8.122 %
    -10.167 %
    −3.04 %
    0 %
    4M 462K people