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Laboratoire de la finance africaine

Sierra Leone

Aperçu 2023
Annual current GDP growth (%) : 6.067
GDP (USD billions) : 4.587
Population (Thousands) : 8.315 
Economic performance and outlook

Sierra Leone's economic growth is estimated at 3.2 percent in 2021 after declining to 2 percent in 2020. Between 2020 and 2021, inflation fell from 13.4 percent to 11 percent. The current account deficit, which is mostly financed by FDI, declined from 16.7 percent to 13.9 percent of GDP. Gross foreign exchange reserves increased from US$653.8 million at the end of June 2020 to US$695 million a year later (4.6 months of import cover), and the SDR allocation was US$283 million. The exchange rate remained relatively stable. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)

Financial markets

At the end of 2016, the banking sector of Sierra Leone represented a total asset of $0.2 billion.
Credit distributed to private sector in 2016 represents $0.18 billion.