The economy of Sierra Leone advanced 5.4 percent year-on-year in 2019 compared to 3.5 percent a year earlier. It was the quickest growth since 2016, boosted by secondary activities (10.9 percent vs -2.5 percent in 2018), especially mining & quarrying (17.1 percent vs -4 percent). Also, notable increases were observed in agriculture (5.6 percent vs 3.9 percent) and services (3.8 percent vs 4.1 percent). source: Statistics Sierra Leone

GDP Annual Growth Rate in Sierra Leone averaged 2.65 percent from 1961 until 2019, 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. Sierra Leone GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2021.

GDP Annual Growth Rate in Sierra Leone is expected to reach -3.00 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 2.70 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Sierra Leone GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.40 3.50 20.70 -20.50 1961 - 2019 percent Yearly
Constant 2006 Prices

Sierra Leone GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.40 3.50 20.70 -20.50 percent [+]
GDP 3.94 4.09 5.02 0.32 USD Billion [+]
GDP per capita 488.50 472.80 567.80 273.00 USD [+]
GDP per capita PPP 1718.40 1663.30 1997.50 960.30 USD [+]


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.