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Laboratoire de la finance africaine

Sierra Leone

Preview 2018
Projected Real GDP Growth (% Change) : 5
GDP (current, USD Bn) : 4.10
Projected Consumer Prices (% Change) : 15.6
Country Population : 7.91 million
Economic 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. Growth in demand is driven by consumption and investment. Average inflation was 16.9% in 2018 and an estimated 15.6% in 2019. The exchange rate depreciated by 47% between 2016 and 2019. Rapid depreciation in 2019 reflected expectations about economic fundamentals and foreign exchange fueled by suspending the licenses of the two major mining companies in mid-2019.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; 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.