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
Latest (2023)
-9.5%
Change on year
down 48.9%
World rank
173rd
of 205 countries
All-time high
-2.9%
in 2006
All-time low
-39.4%
in 2011
Years of data
24
2000–2023
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 173rd of 205 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% |
Sierra Leone compared with similar countries
- Sierra Leone's -9.5% is below the median for low income countries, which is -7.7%, 1.2× the median. (19 countries reporting)
- Sierra Leone's -9.5% is below the median for Sub-Saharan Africa, which is -4.1%, 2.3× the median. (40 countries reporting)
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
- 170 Antigua and Barbuda -8.2% compare
- 171 Kosovo -8.3% compare
- 172 Sudan -8.6% compare
- 174 Mauritania -9.5% compare
- 175 Cayman Islands -9.8% compare
- 176 Mongolia -10.4% compare
More economy & growth data for Sierra Leone
- Real gdp growth, annual growth rate -24.83 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -18.54 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0324 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 27.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -22.43 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0236 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 20.01 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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 173rd out of 205 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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