The Gross Domestic Product (GDP) in Sierra Leone expanded 3.50 percent in 2018 from the previous year. Sierra Leone GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Sierra Leone averaged 2.63 percent from 1961 until 2018, reaching an all time high of 20.70 percent in 2013 and a record low of -20.50 percent in 2015. This page provides - Sierra Leone GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Sierra Leone is expected to reach 4.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sierra Leone GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021, according to our econometric models.


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Sierra Leone GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 5.80 20.70 -20.50 1961 - 2018 percent Yearly
Constant 2006 Prices


Sierra Leone GDP Annual Growth Rate
Sierra Leone is one of the poorest countries in the world. More than 50 percent of government revenue comes from foreign aid and the majority of the population rely on subsistence agriculture. However, Sierra Leone has been steadily growing since the end of a devastating civil war in 2002. Diamond production is an important source of revenue and accounts for 63 percent of total exports. Recent government efforts to develop the industry and fight corruption irradiation seem to be successful and the country is expected to keep current pace of expansion.