Current account balance as a share of GDP in Sierra Leone
Sierra Leone: Current account balance as a share of GDP was -9.4% in 2023. ◆ Volatile
Current account balance as a share of GDP in Sierra Leone, 2000–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2023, current account balance as a share of gdp in Sierra Leone stood at -9.4%.
That represents a change of down 48.8% on the previous year and up 3.8% over ten years.
Over the whole period, current account balance as a share of gdp in Sierra Leone peaked at -2.9% in 2006 and was at its lowest, -39.4%, in 2011.
Sierra Leone ranks 165th of 193 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 share 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% | -7.0% |
| 2006 | -2.9% | -29.4% |
| 2007 | -4.4% | +51.5% |
| 2008 | -5.4% | +22.9% |
| 2009 | -8.3% | +52.6% |
| 2010 | -13.7% | +66.0% |
| 2011 | -39.4% | +186.7% |
| 2012 | -19.7% | -49.9% |
| 2013 | -9.8% | -50.2% |
| 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% | +24.8% |
| 2022 | -6.3% | -12.9% |
| 2023 | -9.4% | +48.8% |
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% | -9.4% | -5.8% | 4 |
Countries ranked near Sierra Leone
- 162 Benin -8.2% compare
- 163 Antigua and Barbuda -8.2% compare
- 164 Sudan -8.6% compare
- 166 Mauritania -9.5% compare
- 167 Cayman Islands -9.8% compare
- 168 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)
- Services, value added (current US$), annual growth rate 4.64 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.416 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 352.03 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.96 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 9.42 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 7,976 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 6.23 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6353 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Sierra Leone?
- Current account balance as a share of gdp in Sierra Leone was -9.4% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Sierra Leone?
- The highest recorded value was -2.9% in 2006.
- What is the lowest current account balance as a share 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 share of gdp?
- Sierra Leone ranks 165th out of 193 countries with data for 2023.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).