Gross savings in Sierra Leone
Sierra Leone: Gross savings was 19.2% in 2024. ◆ Volatile
Gross savings in Sierra Leone, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Sierra Leone stood at 19.2%.
Compared with earlier readings it is up 65.7% on the previous year and up 16.8% over ten years.
Over the whole period, gross savings in Sierra Leone peaked at 34.0% in 2010 and was at its lowest, -9.5%, in 2000.
Sierra Leone ranks 107th of 178 countries on this measure, in the middle of the range.
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 | % of GDP | Change |
|---|---|---|
| 1977 | 11.0% | — |
| 1978 | 19.0% | +73.4% |
| 1979 | 16.8% | -11.7% |
| 1980 | 2.9% | -82.6% |
| 1981 | 3.8% | +28.9% |
| 1982 | 5.2% | +39.5% |
| 1983 | 3.8% | -27.5% |
| 1984 | 11.2% | +194.8% |
| 1985 | -0.7% | -106.3% |
| 1986 | 7.8% | -1207.8% |
| 1987 | 15.6% | +99.9% |
| 1988 | 15.6% | +0.6% |
| 1989 | 10.2% | -35.1% |
| 1990 | 4.0% | -60.5% |
| 1991 | 6.7% | +66.5% |
| 1992 | -2.9% | -142.8% |
| 1993 | -0.0% | -98.3% |
| 1994 | 5.2% | -10626.8% |
| 1995 | -3.3% | -164.0% |
| 1996 | 2.0% | -159.3% |
| 1997 | -3.4% | -271.8% |
| 1998 | 2.5% | -173.7% |
| 1999 | 0.7% | -71.1% |
| 2000 | -9.5% | -1414.2% |
| 2001 | -3.9% | -59.1% |
| 2002 | -1.4% | -62.8% |
| 2003 | -1.1% | -20.6% |
| 2004 | -5.1% | +348.8% |
| 2005 | -0.9% | -83.0% |
| 2006 | 12.8% | -1562.2% |
| 2007 | 6.5% | -49.3% |
| 2008 | 7.4% | +14.8% |
| 2009 | 12.1% | +62.3% |
| 2010 | 34.0% | +181.5% |
| 2011 | 14.9% | -56.1% |
| 2012 | 17.5% | +17.2% |
| 2013 | -4.9% | -128.2% |
| 2014 | 16.4% | -433.0% |
| 2015 | 9.1% | -44.7% |
| 2016 | 13.5% | +48.2% |
| 2017 | 14.1% | +4.8% |
| 2018 | 3.2% | -77.4% |
| 2019 | 3.9% | +21.6% |
| 2020 | 10.6% | +171.9% |
| 2021 | 9.5% | -10.5% |
| 2022 | 9.3% | -2.1% |
| 2023 | 11.6% | +25.1% |
| 2024 | 19.2% | +65.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.6% | 11.0% | 19.0% | 3 |
| 1980s | 7.5% | -0.7% | 15.6% | 10 |
| 1990s | 1.1% | -3.4% | 6.7% | 10 |
| 2000s | 1.7% | -9.5% | 12.8% | 10 |
| 2010s | 12.2% | -4.9% | 34.0% | 10 |
| 2020s | 12.0% | 9.3% | 19.2% | 5 |
Countries ranked near Sierra Leone
- 104 New Caledonia 19.3% compare
- 105 Guatemala 19.3% compare
- 106 Bahamas 19.2% compare
- 108 Guinea-Bissau 19.1% compare
- 109 Serbia 19.0% compare
- 110 New Zealand 18.9% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0696 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 56.13 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 1.57 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 1,268 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0726 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 58.6 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 475.61 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 7.65 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Sierra Leone?
- Gross savings in Sierra Leone was 19.2% 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 34.0% in 2010.
- What is the lowest gross savings recorded in Sierra Leone?
- The lowest recorded value was -9.5% in 2000.
- How does Sierra Leone rank for gross savings?
- Sierra Leone ranks 107th 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 16.8%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.