Current account balance as a proportion of GDP in Sierra Leone
Sierra Leone: Current account balance as a proportion of GDP was -9.5% in 2023. ◆ Volatile
Current account balance as a proportion of GDP in Sierra Leone, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Sierra Leone is -9.5%, measured in 2023.
Compared with earlier readings it is down 48.9% on the previous year and up 3.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Sierra Leone peaked at -2.9% in 2006 and was at its lowest, -39.4%, in 2011.
Sierra Leone ranks 172nd of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Sierra Leone, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -17.7% | — |
| 2001 | -5.8% | -67.0% |
| 2002 | -3.8% | -34.9% |
| 2003 | -3.9% | +2.1% |
| 2004 | -4.4% | +14.5% |
| 2005 | -4.1% | -6.9% |
| 2006 | -2.9% | -29.4% |
| 2007 | -4.4% | +51.4% |
| 2008 | -5.4% | +23.0% |
| 2009 | -8.3% | +52.5% |
| 2010 | -13.7% | +66.0% |
| 2011 | -39.4% | +186.7% |
| 2012 | -19.7% | -49.9% |
| 2013 | -9.8% | -50.1% |
| 2014 | -6.2% | -37.4% |
| 2015 | -14.8% | +140.3% |
| 2016 | -4.8% | -67.3% |
| 2017 | -11.8% | +144.7% |
| 2018 | -9.3% | -21.7% |
| 2019 | -7.8% | -15.9% |
| 2020 | -5.8% | -25.0% |
| 2021 | -7.3% | +25.0% |
| 2022 | -6.3% | -13.0% |
| 2023 | -9.5% | +48.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.1% | -17.7% | -2.9% | 10 |
| 2010s | -13.7% | -39.4% | -4.8% | 10 |
| 2020s | -7.2% | -9.5% | -5.8% | 4 |
Countries ranked near Sierra Leone
- 169 Antigua and Barbuda -8.2% compare
- 170 Kosovo -8.3% compare
- 171 Sudan -8.6% compare
- 173 Mauritania -9.5% compare
- 174 Cayman Islands -9.8% compare
- 175 Mongolia -10.4% compare
More economy & growth data for Sierra Leone
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.55 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.53 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 29.96 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 4.73 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 4,006 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.3 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3957 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 334.9 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 27.04 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.232 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Sierra Leone?
- Current account balance as a proportion of gdp in Sierra Leone was -9.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Sierra Leone?
- The highest recorded value was -2.9% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Sierra Leone?
- The lowest recorded value was -39.4% in 2011.
- How does Sierra Leone rank for current account balance as a proportion of gdp?
- Sierra Leone ranks 172nd out of 204 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Sierra Leone?
- Over the last ten years it is up 3.8%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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