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%.
Sierra Leone GDP from 1980 to 2024
The total market value of goods and services produced annually in Sierra Leone.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -0.56 % | $ 1B 701M | $ 2B 777M | $ 479.60 | $ 782.77 | 2.47 % | 3M 547K people | -9.691 % | 0 % |
1981 | 1.878 % | $ 1B 823M | $ 3B 96M | $ 501.74 | $ 852.01 | 1.11 % | 3M 634K people | -7.225 % | 0 % |
1982 | 1.78 % | $ 2B 49M | $ 3B 346M | $ 552.58 | $ 901.86 | 1.68 % | 3M 710K people | -8.285 % | 0 % |
1983 | -1.576 % | $ 1B 782M | $ 3B 423M | $ 469.37 | $ 901.27 | 4.58 % | 3M 797K people | -0.988 % | 0 % |
1984 | 1.7 % | $ 2B 61M | $ 3B 606M | $ 539.98 | $ 944.26 | 5.36 % | 3M 819K people | -1.117 % | 0 % |
1985 | -6.74 % | $ 1B 755M | $ 3B 470M | $ 450.54 | $ 890.69 | 3.94 % | 3M 895K people | 0.16 % | 0 % |
1986 | 0.132 % | $ 1B 314M | $ 3B 544M | $ 330.04 | $ 889.94 | 4.31 % | 3M 982K people | 10.708 % | 0 % |
1987 | 2.382 % | $ 1B 145M | $ 3B 718M | $ 281.36 | $ 913.75 | 1.09 % | 4M 69K people | -2.65 % | 0 % |
1988 | 2.058 % | $ 1B 877M | $ 3B 929M | $ 451.56 | $ 945.22 | 0.75 % | 4M 157K people | -0.151 % | 0 % |
1989 | 4.952 % | $ 1B 724M | $ 4B 285M | $ 405.25 | $ 1,007.20 | −0.23 % | 4M 254K people | -3.465 % | 0 % |
1990 | 1.611 % | $ 948M | $ 4B 517M | $ 219.46 | $ 1,045.67 | −4.58 % | 4M 320K people | -7.321 % | 0 % |
1991 | -7.993 % | $ 1B 138M | $ 4B 297M | $ 261.75 | $ 988.03 | 5.97 % | 4M 349K people | 1.347 % | 0 % |
1992 | -9.646 % | $ 992M | $ 3B 971M | $ 228.23 | $ 913.26 | 7.39 % | 4M 348K people | -0.552 % | 0 % |
1993 | 0.054 % | $ 1B 122M | $ 4B 67M | $ 259.19 | $ 939.47 | −2.57 % | 4M 329K people | -5.149 % | 0 % |
1994 | 3.5 % | $ 1B 331M | $ 4B 299M | $ 308.75 | $ 997.54 | 2.77 % | 4M 310K people | -6.697 % | 0 % |
1995 | -10.025 % | $ 1B 273M | $ 3B 949M | $ 295.71 | $ 917.59 | −0.79 % | 4M 304K people | -9.277 % | 0 % |
1996 | -24.787 % | $ 1B 374M | $ 3B 25M | $ 318.65 | $ 701.37 | −0.47 % | 4M 313K people | -10.952 % | 0 % |
1997 | -17.596 % | $ 1B 240M | $ 2B 536M | $ 286.07 | $ 584.85 | 4.01 % | 4M 335K people | -4.424 % | 0 % |
1998 | -0.837 % | $ 981M | $ 2B 543M | $ 223.94 | $ 580.29 | 7.25 % | 4M 381K people | -3.387 % | 0 % |
1999 | -8.122 % | $ 977M | $ 2B 369M | $ 218.91 | $ 530.90 | −3.04 % | 4M 462K people | -10.167 % | 0 % |