Gross savings in Sierra Leone
Sierra Leone: Gross savings was 1.34 billion current US$ in 2024. ◆ Volatile
Gross savings in Sierra Leone, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Sierra Leone stood at 1.34 billion current US$.
Compared with earlier readings it is up 80.1% on the previous year and up 6.0% over ten years.
Over the whole period, gross savings in Sierra Leone peaked at 1.45 billion current US$ in 2010 and was at its lowest, -369.96 million current US$, in 2013.
That places Sierra Leone 140th out of 178 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Sierra Leone, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 75.94 million current US$ | — |
| 1978 | 182.87 million current US$ | +140.8% |
| 1979 | 186.53 million current US$ | +2.0% |
| 1980 | 32.12 million current US$ | -82.8% |
| 1981 | 41.94 million current US$ | +30.5% |
| 1982 | 67.99 million current US$ | +62.1% |
| 1983 | 37.86 million current US$ | -44.3% |
| 1984 | 121.97 million current US$ | +222.2% |
| 1985 | -6.02 million current US$ | -104.9% |
| 1986 | 38.14 million current US$ | -733.7% |
| 1987 | 102.68 million current US$ | +169.2% |
| 1988 | 165.07 million current US$ | +60.8% |
| 1989 | 94.78 million current US$ | -42.6% |
| 1990 | 26.05 million current US$ | -72.5% |
| 1991 | 52.06 million current US$ | +99.9% |
| 1992 | -19.40 million current US$ | -137.3% |
| 1993 | -379,398 current US$ | -98.0% |
| 1994 | 47.37 million current US$ | -12584.4% |
| 1995 | -28.93 million current US$ | -161.1% |
| 1996 | 18.56 million current US$ | -164.1% |
| 1997 | -28.78 million current US$ | -255.1% |
| 1998 | 16.78 million current US$ | -158.3% |
| 1999 | 4.83 million current US$ | -71.2% |
| 2000 | -60.36 million current US$ | -1348.4% |
| 2001 | -65.24 million current US$ | +8.1% |
| 2002 | -27.94 million current US$ | -57.2% |
| 2003 | -24.57 million current US$ | -12.0% |
| 2004 | -115.18 million current US$ | +368.7% |
| 2005 | -22.26 million current US$ | -80.7% |
| 2006 | 417.29 million current US$ | -1974.9% |
| 2007 | 235.62 million current US$ | -43.5% |
| 2008 | 309.64 million current US$ | +31.4% |
| 2009 | 477.94 million current US$ | +54.4% |
| 2010 | 1.45 billion current US$ | +203.6% |
| 2011 | 726.19 million current US$ | -50.0% |
| 2012 | 1.08 billion current US$ | +48.0% |
| 2013 | -369.96 million current US$ | -134.4% |
| 2014 | 1.26 billion current US$ | -441.1% |
| 2015 | 616.30 million current US$ | -51.2% |
| 2016 | 818.90 million current US$ | +32.9% |
| 2017 | 810.84 million current US$ | -1.0% |
| 2018 | 203.98 million current US$ | -74.8% |
| 2019 | 253.21 million current US$ | +24.1% |
| 2020 | 705.95 million current US$ | +178.8% |
| 2021 | 677.29 million current US$ | -4.1% |
| 2022 | 658.88 million current US$ | -2.7% |
| 2023 | 742.55 million current US$ | +12.7% |
| 2024 | 1.34 billion current US$ | +80.1% |
Sierra Leone compared with similar countries
- Sierra Leone's 1.34 billion current US$ is below the median for low income countries, which is 2.01 billion current US$, 66% of the median. (20 countries reporting)
- Sierra Leone's 1.34 billion current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 39% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Sierra Leone changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +12584.4% | -379,398 current US$ | 47.37 million current US$ |
| 2006 | +1974.9% | -22.26 million current US$ | 417.29 million current US$ |
| 2000 | -1348.4% | 4.83 million current US$ | -60.36 million current US$ |
| 1986 | +733.7% | -6.02 million current US$ | 38.14 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 148.45 million current US$ | 75.94 million current US$ | 186.53 million current US$ | 3 |
| 1980s | 69.65 million current US$ | -6.02 million current US$ | 165.07 million current US$ | 10 |
| 1990s | 8.81 million current US$ | -28.93 million current US$ | 52.06 million current US$ | 10 |
| 2000s | 112.49 million current US$ | -115.18 million current US$ | 477.94 million current US$ | 10 |
| 2010s | 684.74 million current US$ | -369.96 million current US$ | 1.45 billion current US$ | 10 |
| 2020s | 824.37 million current US$ | 658.88 million current US$ | 1.34 billion current US$ | 5 |
Countries ranked near Sierra Leone
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -33,272 BoP, current US$ (2010)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0 BoP, current US$ per US$ of GDP (2010)
- Foreign direct investment, net outflows (BoP, current US$), per capita -0.0053 BoP, current US$ per person (2010)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 121.78 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -16.53 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0175 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 14.09 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -12.59 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Sierra Leone?
- Gross savings in Sierra Leone was 1.34 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Sierra Leone?
- The highest recorded value was 1.45 billion current US$ in 2010.
- What is the lowest gross savings recorded in Sierra Leone?
- The lowest recorded value was -369.96 million current US$ in 2013.
- How does Sierra Leone rank for gross savings?
- Sierra Leone ranks 140th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Sierra Leone?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.