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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
