Country Report 2017 - Includes Sierra Leone real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Mining is significant to the economy of Sierra Leone. Sierra Leone Economic Outlook Macroeconomic performance and outlook Real GDP growth was weak in 2018 at 3.5% but improved slightly to an estimated 5.0% in 2019, driven by agriculture and services, and in the first half of 2019 by extractives. In 2019, GDP for Sierra Leone was 4.21 billion US dollars. In 2008 its GDP in PPP ranked between 147th and 153rd largest in the world. No claims are made regarding the accuracy of Sierra Leone Economy 2020 information contained here. 2018 9 Foreword The Sierra Leone Economic Update (SLEU) reports on and analyzes recent economic developments and policies within medium-term, regional, and global contexts and analyzes the implications of these developments and policies for the outlook of the economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. In 2018, Sierra Leone exported $677M and imported $1.03B, resulting in a negative trade balance of -$355M. Sierra Leone gdp per capita for 2018 was $534, a 6.93% increase from 2017. This page provides the latest reported value for - Sierra Leone GDP - plus previous releases, historical high and low, short-term … “The economic landscape in Sierra Leone remains challenging. Sierra Leone gdp for 2017 was $3.74B, a 1.76% increase from 2016. GDP of Sierra Leone increased from 0.94 billion US dollars in 2000 to 4.21 billion US dollars in 2019 growing at an average annual rate of 8.80%. Gross domestic product (GDP) growth is expected to amount to 6.1% in 2018 and 7.0% in 2019, far below the rate prior to the iron ore price drop of 2014. socio-economic conditions of all Sierra Leoneans and the current Agenda for Prosperity (2013-2018) which seeks to transform Sierra Leone into an inclusive, green and middle-income country by 2035. GDP (current US$) - Sierra Leone. GDP (LCU) of Sierra Leone increased from 340 million LCU in 1969 to 32,401,626 million LCU in 2018 growing at an average annual rate of 29.51%. Yet, the authorities navigated these difficulties well in the year since taking office, helping to stabilize the economy. Since the end of the civil war in 2002 the economy is gradually recovering with a GDP growth rate between 4 and 7%. Sierra Leone. Sierra Leone gdp per capita for 2019 was $504, a 5.53% decline from 2018. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. ... Health expenditure, public (% of GDP) Health expenditure, total (% of GDP) Hospital beds (per 1,000 people) Data Source: World Bank Gross domestic product (GDP) per capita (2011 PPP $) n.a. After slowing to 3.5% in 2018 from 3.8% in the previous year, economic growth in Sierra Leone is projected to rebound to 4.8% in 2019 driven by increased activities in agriculture and construction as well as the resumption of iron ore production and exports. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Sierra Leone GDP (Gross Domestic Product) was INT$10.90billion for 2019 in PPP terms. Gross domestic product (GDP), total (2011 PPP $ billions) n.a. In 2008 its GDP in PPP ranked between 147th (World Bank) and 153rd (CIA) largest in the world. Based on information available at the time of these discussions, the staff report was completed on November 15, 2018. Between 1990 and 2018, Sierra Leone’s HDI value increased 62.2from 0.270 to 0.438, an increase of percent. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In 2018 Sierra Leone was the number 159 economy in the world in terms of GDP (current US$), the number 158 in total exports, and the number 172 in total imports. Sierra Leone gdp growth rate for 2017 was 4.21%, a 1.84% decline from 2016. Extractive industries are popular in Sierra Leone due to the country’s wealth of diamonds, gold, bauxite, rutile and iron ore deposits, and mining now accounts for almost a third of GDP (CIA World Factbook, 2012). Macroeconomic Context After slowing to 3.5% in 2018 from 3.8% in the previous year, economic growth in Sierra Leone is projected to rebound to 4.8% in 2019 driven by increased activities in agriculture and construction as well as the resumption of iron ore production and exports. Apart from the hilly Freetown area and white-sand beaches, it is made up of mainly swampy coastal plains and plateaux, rising to uplands in the north east. Sierra Leone’s outlook for 2018 and beyond will continue to be challenging due to uncertainty surrounding the world market price of iron ore. All suggestions for corrections of any errors about Sierra Leone Economy 2020 should be addressed to the CIA or the source cited on each page. Data. Download. As such, it is Growth in demand is driven by consumption and investment. English PDF 1.568MB. - … Fisheries sector contributes 12% to Sierra Leone’s GDP 2 August 2018 at 18:52 | 3295 views The Hon. World Bank national accounts data, and OECD National Accounts data files. CSV XML EXCEL. Sierra Leone Economic Update, June 2018 : Reviving Urban Development - The Importance of Freetown for the National Economy. Download historical data for 20 million indicators using your browser. Government of President Ernest Koroma had led to the near-collapse of Sierra Leone’s economy by the time the Government of President Julius Maada Bio was sworn into office. All suggestions for corrections of any errors about Sierra Leone Economy 2020 should be addressed to the CIA or the source cited on each page. Data are in current U.S. dollars. Save as Image. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. ... Inflation as at March 2018 was 17.2. … 2018-06. Sierra Leone’s upstream oil and gas sector is currently in the exploration stage. Mineral exports contributed about 2.7% to the national GDP and accounts for 91.1% of total exports in 2016. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The report includes a special feature analyzing more deeply a special topic The GDP per Capita in Sierra Leone is equivalent to 4 percent of the world's average. Download Historical Data. Download Historical Data Save as Image. Graph and download economic data for Real Gross Domestic Product for Sierra Leone (SLENGDPRPCPPPT) from 2004 to 2021 about Sierra Leone, REO, real, GDP, and rate. Please check your download folder. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. All suggestions for corrections of any errors about Sierra Leone Economy 2018 should be addressed to the CIA. Sierra Leone Government Debt to GDP at 70.00 percent, Sierra Leone Balance of Trade at -883.10 USD Million, Sierra Leone Current Account at -646.10 USD Million, Sierra Leone Current Account to GDP at -11.70 percent, Sierra Leone Exports at 25.47 USD Million, Sierra Leone GDP Annual Growth Rate at 5.40 percent, Sierra Leone GDP per capita at 488.50 USD, Sierra Leone GDP per capita PPP at 1718.40 USD, Sierra Leone Imports at 908.57 USD Million, Canada Imports Back to Pre-Pandemic Levels, Canada Trade Deficit Narrows Less Than Expected, US Futures Higher As Payrolls Miss Forecasts, Canadian Economy Adds More Jobs than Expected. Income index: n.a. 2) The rank that you see is the CIA reported rank, which may have the following issues: Between 1990 and 2018, Sierra Leone’s life expectancy at birth increased 15.7by years, mean years of schooling increased by 2.0 Sierra Leone Telegraph: 18 June 2018: Sierra Leone’s economic activity has picked up since elections in March 2018, says the IMF. Industries in Sierra Leone cover diamond mining and petroleum refining alongside commercial ship repair. Sierra Leone (/ s i ˌ ɛr ə l i ˈ oʊ n (i)/ (), also UK: / s i ˌ ɛər ə-/, US: / ˌ s ɪər ə-/), officially the Republic of Sierra Leone, informally Salone, is a country on the southwest coast of West Africa. Mailing List - See more. source: World Bank. Vice President Dr. Mohamed Juldeh Jalloh (right in photo) has stated that, in Sierra Leone, the Fisheries sector is contributing about 12% of the country’s GDP and that it provides an estimated 80% of animal protein intake for Sierra Leoneans. Author(s) World Bank Group. Published. The GDP value of Sierra Leone represents less than 0.01 percent of the world economy. consideration on November 30, 2018, following discussions that ended on October 2, 2018, with the officials of Sierra Leone on economic developments and policies underpinning the IMF arrangement under the Extended Credit Facility. Overall, economic growth plummeted from 6% in 2016 to 3.7% in 2017. Vice President Dr. Mohamed Juldeh Jalloh (right in photo) has stated that, in Sierra Leone, the Fisheries sector is contributing about 12% of the country’s GDP and that it provides an estimated 80% of animal protein intake for Sierra Leoneans. No claims are made regarding the accuracy of Sierra Leone Economy 2018 information contained here. Text file 199.4KB. c b. Tweet Like Share # Shares: 0. Data are in current U.S. dollars. Sierra Leone gdp for 2016 was $3.67B, a 12.89% decline from 2015. Sierra Leone gdp growth rate for 2019 was 5.51%, a 2.07% increase from 2018. 27 November 2018 at 23:28 | ... of the population depends on it for livelihood and sustenance and it is a factor for almost hall of the country’s Gross Domestic Product ( GDP. In 2018, GDP (LCU) for Sierra Leone was 32,401,626 million LCU. Metadata. About 90% of admissions to the country’s only psychiatric hospital are due to drug and alcohol related illnesses. Sierra Leone gdp for 2018 was $4.09B, a 9.24% increase from 2017. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Sierra Leone gdp growth rate for 2016 was 6.06%, a 26.65% increase from 2015. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Domestic credit provided by financial sector (% of GDP) n.a. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Gross fixed capital formation (% of GDP) n.a. GDP in Sierra Leone averaged 1.38 USD Billion from 1960 until 2019, reaching an all time high of 5.02 USD Billion in 2014 and a record low of 0.32 USD Billion in 1960. Successive governments and the population as a whole have … These two developmental plans have propelled Sierra Leone to the cusp of seismic transformation; at the very edge of economic tip-off. Direct access to our calendar releases and historical data. GDP (current US$) - Sierra Leone. GDP per capita (current US$) - Sierra Leone from The World Bank: Data. The country possesses one of the largest rutile reserves in the world. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Sierra Leone : Economy Sierra Leone is a tropical country in West Africa, on the Atlantic coast between Guinea and Liberia. Table A reviews Sierra Leone’s progress in each of the HDI indicators. Labour share of GDP, comprising wages and social protection transfers (%) n.a. The gross domestic product (GDP) measures of national income and output for a given country's economy. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. source: World Bank. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Sierra Leone gdp per capita for 2017 was $499, a 0.41% decline from 2016. Population Pyramids: Sierra Leone - 2018. Annual percentage growth rate of GDP at market prices based on constant local currency. The country is also rich in diamonds and other minerals. In 2019, real GDP growth for Sierra Leone was 5.1 %. But the newly elected government of president Julius Maada Bio is running the country’s finances on a shoestring budget, mainly cutting back on spending in some areas of expenditure to pay for the delivery of basic public services, such as health and education. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The domestic primary deficit Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Sierra Leone economic outlook, debt to GDP ratio, international trade performance and population … No claims are made regarding the accuracy of Sierra Leone Economy 2020 information contained here. This page provides the latest reported value for - Sierra Leone GDP per capita - plus previous releases, historical high and low, short-term forecast and … 2) The rank that you see is the CIA reported rank, which may have the following issues: In 2019, GDP for Sierra Leone was 4.21 billion US dollars. ECONOMIC FREEDOM STATUS: WORLD RANK: REGIONAL RANK: 2016 data une otherie noted ata oied a o eteer 2017 SIERRA LEONE BACKGROUND: Sierra Leone became independent from … Sierra Leone gdp per capita for 2017 was $499, a 0.41% decline from 2016. GDP of Sierra Leone increased from 0.94 billion US dollars in 2000 to 4.21 billion US dollars in 2019 growing at an average annual rate of 8.80%. 2018 frica conomi utloo ountr ot 4 Sierra Leone GDP from 2018 onwards, from 6.6% of GDP in 2017. The economy of Sierra Leone is that of a least developed country with a gross domestic product of approximately US$1.9 billion in 2009. In nomi-nal terms, the Government wage bill will increase from SLL 1.83 trillion in 2017 to SLL 2.1 trillion during 2018, consistent with the expected increase in nominal GDP. Sierra Leone gdp per capita for 2016 was $501, a 14.76% decline from 2015. Sierra Leone GDP (Gross Domestic Product) was INT$10.90billion for 2019 in PPP terms. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Though Sierra Leone real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 5.1 % in 2019. 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2020 sierra leone gdp 2018