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%.

Sierra Leone GDP from 1980 to 2024

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

Change Chart

    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)

    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