Financial and insurance activities (banking), value added in Sierra Leone
Sierra Leone: Financial and insurance activities (banking), value added was 599.69 billion current LCU in 2011. ◆ Volatile
Financial and insurance activities (banking), value added in Sierra Leone, 1985–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
Sierra Leone recorded 599.69 billion current LCU for financial and insurance activities (banking), value added in 2011. That is the highest value across all 27 years on record.
That represents a change of up 24.5% on the previous year and up 301.7% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Sierra Leone peaked at 599.69 billion current LCU in 2011 and was at its lowest, 4.63 million current LCU, in 1985.
Sierra Leone ranks 2nd of 36 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Sierra Leone, year by year
| Year | current LCU | Change |
|---|---|---|
| 1985 | 4.63 million current LCU | — |
| 1986 | 1.02 billion current LCU | +21908.6% |
| 1987 | 1.84 billion current LCU | +80.6% |
| 1988 | 2.66 billion current LCU | +44.4% |
| 1989 | 4.30 billion current LCU | +61.9% |
| 1990 | 4.49 billion current LCU | +4.3% |
| 1991 | 5.81 billion current LCU | +29.5% |
| 1992 | 9.80 billion current LCU | +68.7% |
| 1993 | 17.11 billion current LCU | +74.6% |
| 1994 | 19.22 billion current LCU | +12.3% |
| 1995 | 23.61 billion current LCU | +22.8% |
| 1996 | 28.88 billion current LCU | +22.4% |
| 1997 | 23.55 billion current LCU | -18.5% |
| 1998 | 25.74 billion current LCU | +9.3% |
| 1999 | 25.32 billion current LCU | -1.6% |
| 2000 | 31.18 billion current LCU | +23.1% |
| 2001 | 149.30 billion current LCU | +378.8% |
| 2002 | 166.75 billion current LCU | +11.7% |
| 2003 | 191.38 billion current LCU | +14.8% |
| 2004 | 236.47 billion current LCU | +23.6% |
| 2005 | 265.85 billion current LCU | +12.4% |
| 2006 | 311.15 billion current LCU | +17.0% |
| 2007 | 319.82 billion current LCU | +2.8% |
| 2008 | 356.20 billion current LCU | +11.4% |
| 2009 | 385.08 billion current LCU | +8.1% |
| 2010 | 481.50 billion current LCU | +25.0% |
| 2011 | 599.69 billion current LCU | +24.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.96 billion current LCU | 4.63 million current LCU | 4.30 billion current LCU | 5 |
| 1990s | 18.35 billion current LCU | 4.49 billion current LCU | 28.88 billion current LCU | 10 |
| 2000s | 241.32 billion current LCU | 31.18 billion current LCU | 385.08 billion current LCU | 10 |
| 2010s | 540.60 billion current LCU | 481.50 billion current LCU | 599.69 billion current LCU | 2 |
Countries ranked near Sierra Leone
- 1 Zambia 7.57 trillion current LCU compare
- 3 South Africa 565.22 billion current LCU compare
- 4 Kenya 262.69 billion current LCU compare
- 5 Tanzania, United Republic of 233.93 billion current LCU 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 (constant LCU), per capita 3,406 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.67 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.58 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9684 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 819.54 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.91 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 21.94 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 18,569 current LCU per person (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Sierra Leone?
- Financial and insurance activities (banking), value added in Sierra Leone was 599.69 billion current LCU in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Sierra Leone?
- The highest recorded value was 599.69 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Sierra Leone?
- The lowest recorded value was 4.63 million current LCU in 1985.
- How does Sierra Leone rank for financial and insurance activities (banking), value added?
- Sierra Leone ranks 2nd out of 36 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Sierra Leone?
- Over the last ten years it is up 301.7%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in current local currency.