[ Nominal GDP in billions of USD ]
Year -
$6.97 billions
Sierra Leone GDP expanded from 1960 to 2024, increasing from $0.32 billion to $6.97 billion.The compound annual growth rate (CAGR) averaged 4.93% over the period. The economy recorded its peak level in 2014 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 62.31%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 6.97 Billions | $ 30.44 Int Billions |
| Growth (YoY) | 8.655% | 6.815% |
| Net Change vs Previous Year | $ 0.56 Billion | $ 1.94 Int Billion |
| % of World GDP | 0.01% | 0.02% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.32 | - | - | - | - | - |
| 1961 | 0.33 | 0.01 | 1.809 % | - | - | - |
| 1962 | 0.34 | 0.01 | 4.541 % | - | - | - |
| 1963 | 0.35 | 0.01 | 1.7 % | - | - | - |
| 1964 | 0.37 | 0.02 | 6.685 % | - | - | - |
| 1965 | 0.36 | -0.01 | -3.353 % | - | - | - |
| 1966 | 0.38 | 0.02 | 4.48 % | - | - | - |
| 1967 | 0.35 | -0.03 | -7.107 % | - | - | - |
| 1968 | 0.33 | -0.02 | -5.429 % | - | - | - |
| 1969 | 0.41 | 0.08 | 23.898 % | - | - | - |
| 1970 | 0.43 | 0.03 | 6.293 % | - | - | - |
| 1971 | 0.42 | -0.01 | -3.421 % | - | - | - |
| 1972 | 0.47 | 0.05 | 10.924 % | - | - | - |
| 1973 | 0.58 | 0.11 | 23.604 % | - | - | - |
| 1974 | 0.65 | 0.07 | 12.753 % | - | - | - |
| 1975 | 0.68 | 0.03 | 4.74 % | - | - | - |
| 1976 | 0.59 | -0.08 | -12.43 % | - | - | - |
| 1977 | 0.69 | 0.1 | 16.285 % | - | - | - |
| 1978 | 0.96 | 0.27 | 38.878 % | - | - | - |
| 1979 | 1.11 | 0.15 | 15.472 % | - | - | - |
| 1980 | 1.1 | -0.01 | -0.783 % | - | - | - |
| 1981 | 1.11 | 0.01 | 1.285 % | - | - | - |
| 1982 | 1.3 | 0.18 | 16.194 % | - | - | - |
| 1983 | 1 | -0.3 | -23.179 % | - | - | - |
| 1984 | 1.09 | 0.09 | 9.282 % | - | - | - |
| 1985 | 0.86 | -0.23 | -21.203 % | - | - | - |
| 1986 | 0.49 | -0.37 | -42.795 % | - | - | - |
| 1987 | 0.66 | 0.17 | 34.666 % | - | - | - |
| 1988 | 1.06 | 0.39 | 59.835 % | - | - | - |
| 1989 | 0.93 | -0.12 | -11.573 % | - | - | - |
| 1990 | 0.65 | -0.28 | -30.368 % | 5.8 | - | - |
| 1991 | 0.78 | 0.13 | 20.063 % | 6.14 | 0.34 | 5.813 % |
| 1992 | 0.68 | -0.1 | -12.826 % | 5.08 | -1.05 | -17.167 % |
| 1993 | 0.77 | 0.09 | 13.079 % | 5.28 | 0.19 | 3.777 % |
| 1994 | 0.91 | 0.14 | 18.597 % | 5.28 | 0.01 | 0.146 % |
| 1995 | 0.87 | -0.04 | -4.509 % | 4.96 | -0.32 | -6.071 % |
| 1996 | 0.94 | 0.07 | 8.15 % | 5.14 | 0.18 | 3.617 % |
| 1997 | 0.85 | -0.09 | -9.714 % | 4.92 | -0.22 | -4.254 % |
| 1998 | 0.67 | -0.18 | -20.92 % | 5.07 | 0.14 | 2.929 % |
| 1999 | 0.67 | 0 | -0.443 % | 5.04 | -0.03 | -0.592 % |
| 2000 | 0.64 | -0.03 | -5.008 % | 5.49 | 0.46 | 9.069 % |
| 2001 | 1.68 | 1.05 | 164.438 % | 5.26 | -0.23 | -4.237 % |
| 2002 | 1.93 | 0.25 | 15.01 % | 6.76 | 1.5 | 28.49 % |
| 2003 | 2.14 | 0.21 | 10.795 % | 7.55 | 0.79 | 11.645 % |
| 2004 | 2.24 | 0.09 | 4.421 % | 8.25 | 0.71 | 9.342 % |
| 2005 | 2.55 | 0.31 | 13.763 % | 8.88 | 0.63 | 7.625 % |
| 2006 | 3.26 | 0.72 | 28.226 % | 9.55 | 0.67 | 7.499 % |
| 2007 | 3.63 | 0.37 | 11.314 % | 10.18 | 0.63 | 6.561 % |
| 2008 | 4.16 | 0.52 | 14.449 % | 10.75 | 0.58 | 5.684 % |
| 2009 | 3.95 | -0.2 | -4.918 % | 10.99 | 0.23 | 2.157 % |
| 2010 | 4.26 | 0.31 | 7.826 % | 11.83 | 0.84 | 7.648 % |
| 2011 | 4.86 | 0.6 | 14.048 % | 13.05 | 1.22 | 10.331 % |
| 2012 | 6.14 | 1.28 | 26.329 % | 15.18 | 2.13 | 16.347 % |
| 2013 | 7.5 | 1.36 | 22.162 % | 18.13 | 2.95 | 19.452 % |
| 2014 | 7.69 | 0.18 | 2.444 % | 18.99 | 0.86 | 4.743 % |
| 2015 | 6.79 | -0.9 | -11.681 % | 18.02 | -0.98 | -5.14 % |
| 2016 | 6.08 | -0.7 | -10.372 % | 18.99 | 0.97 | 5.377 % |
| 2017 | 5.75 | -0.33 | -5.497 % | 18.46 | -0.53 | -2.773 % |
| 2018 | 6.39 | 0.64 | 11.142 % | 19.95 | 1.49 | 8.065 % |
| 2019 | 6.52 | 0.13 | 2.082 % | 20.91 | 0.96 | 4.813 % |
| 2020 | 6.69 | 0.16 | 2.525 % | 21.51 | 0.61 | 2.904 % |
| 2021 | 7.17 | 0.48 | 7.156 % | 23.06 | 1.55 | 7.204 % |
| 2022 | 7.12 | -0.05 | -0.639 % | 26.02 | 2.96 | 12.822 % |
| 2023 | 6.42 | -0.71 | -9.904 % | 28.5 | 2.48 | 9.514 % |
| 2024 | 6.97 | 0.56 | 8.655 % | 30.44 | 1.94 | 6.815 % |
Between 1960 to 2024, Sierra Leone experienced the following economic phases:
The most remarkable growth occurred in 2001 with an increase of 164.438%, while the largest decline was in 1986 at -42.795%.