Net trade in goods and services in Sierra Leone
Sierra Leone: Net trade in goods and services was -1.31 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.31 billion BoP, current US$
Change on year
down 56.5%
World rank
130th
of 200 countries
All-time high
26.03 million BoP, current US$
in 1987
All-time low
-1.95 billion BoP, current US$
in 2011
Years of data
48
1977–2024
Net trade in goods and services in Sierra Leone, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Sierra Leone stood at -1.31 billion BoP, current US$.
Compared with earlier readings it is down 56.5% on the previous year and up 4.0% over ten years.
Over the whole period, net trade in goods and services in Sierra Leone peaked at 26.03 million BoP, current US$ in 1987 and was at its lowest, -1.95 billion BoP, current US$, in 2011.
Sierra Leone ranks 130th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Sierra Leone, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -54.69 million BoP, current US$ | — |
| 1978 | -97.89 million BoP, current US$ | +79.0% |
| 1979 | -166.04 million BoP, current US$ | +69.6% |
| 1980 | -195.75 million BoP, current US$ | +17.9% |
| 1981 | -138.56 million BoP, current US$ | -29.2% |
| 1982 | -185.12 million BoP, current US$ | +33.6% |
| 1983 | -33.26 million BoP, current US$ | -82.0% |
| 1984 | -23.59 million BoP, current US$ | -29.1% |
| 1985 | -24.24 million BoP, current US$ | +2.8% |
| 1986 | 7.16 million BoP, current US$ | -129.5% |
| 1987 | 26.03 million BoP, current US$ | +263.6% |
| 1988 | -16.33 million BoP, current US$ | -162.7% |
| 1989 | -27.31 million BoP, current US$ | +67.3% |
| 1990 | -5.18 million BoP, current US$ | -81.0% |
| 1991 | 14.75 million BoP, current US$ | -384.7% |
| 1992 | -4.47 million BoP, current US$ | -130.3% |
| 1993 | -71.88 million BoP, current US$ | +1507.4% |
| 1994 | -80.12 million BoP, current US$ | +11.5% |
| 1995 | -131.67 million BoP, current US$ | +64.3% |
| 1996 | -224.55 million BoP, current US$ | +70.5% |
| 1997 | -72.09 million BoP, current US$ | -67.9% |
| 1998 | -77.35 million BoP, current US$ | +7.3% |
| 1999 | -159.08 million BoP, current US$ | +105.7% |
| 2000 | -194.72 million BoP, current US$ | +22.4% |
| 2001 | -194.91 million BoP, current US$ | +0.1% |
| 2002 | -237.53 million BoP, current US$ | +21.9% |
| 2003 | -227.63 million BoP, current US$ | -4.2% |
| 2004 | -151.11 million BoP, current US$ | -33.6% |
| 2005 | -191.25 million BoP, current US$ | +26.6% |
| 2006 | -132.66 million BoP, current US$ | -30.6% |
| 2007 | -159.24 million BoP, current US$ | +20.0% |
| 2008 | -261.71 million BoP, current US$ | +64.4% |
| 2009 | -381.30 million BoP, current US$ | +45.7% |
| 2010 | -715.52 million BoP, current US$ | +87.7% |
| 2011 | -1.95 billion BoP, current US$ | +171.9% |
| 2012 | -1.26 billion BoP, current US$ | -35.0% |
| 2013 | -502.82 million BoP, current US$ | -60.2% |
| 2014 | -1.37 billion BoP, current US$ | +172.3% |
| 2015 | -1.45 billion BoP, current US$ | +5.8% |
| 2016 | -634.81 million BoP, current US$ | -56.2% |
| 2017 | -750.45 million BoP, current US$ | +18.2% |
| 2018 | -751.89 million BoP, current US$ | +0.2% |
| 2019 | -901.37 million BoP, current US$ | +19.9% |
| 2020 | -791.99 million BoP, current US$ | -12.1% |
| 2021 | -980.95 million BoP, current US$ | +23.9% |
| 2022 | -871.99 million BoP, current US$ | -11.1% |
| 2023 | -840.10 million BoP, current US$ | -3.7% |
| 2024 | -1.31 billion BoP, current US$ | +56.5% |
Sierra Leone compared with similar countries
- Sierra Leone's -1.31 billion BoP, current US$ is below the median for low income countries, which is -1.27 billion BoP, current US$, 1.0× the median. (23 countries reporting)
- Sierra Leone's -1.31 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$, 1.9× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Sierra Leone changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -1507.4% | -4.47 million BoP, current US$ | -71.88 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -106.21 million BoP, current US$ | -166.04 million BoP, current US$ | -54.69 million BoP, current US$ | 3 |
| 1980s | -61.10 million BoP, current US$ | -195.75 million BoP, current US$ | 26.03 million BoP, current US$ | 10 |
| 1990s | -81.16 million BoP, current US$ | -224.55 million BoP, current US$ | 14.75 million BoP, current US$ | 10 |
| 2000s | -213.21 million BoP, current US$ | -381.30 million BoP, current US$ | -132.66 million BoP, current US$ | 10 |
| 2010s | -1.03 billion BoP, current US$ | -1.95 billion BoP, current US$ | -502.82 million BoP, current US$ | 10 |
| 2020s | -959.95 million BoP, current US$ | -1.31 billion BoP, current US$ | -791.99 million BoP, current US$ | 5 |
Countries ranked near Sierra Leone
- 127 Lesotho -1.21 billion BoP, current US$ compare
- 128 Niger -1.27 billion BoP, current US$ compare
- 129 Mali -1.29 billion BoP, current US$ compare
- 131 Mauritania -1.32 billion BoP, current US$ compare
- 132 Madagascar -1.32 billion BoP, current US$ compare
- 133 Bulgaria -1.37 billion BoP, current US$ 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)
- 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$), annual growth rate -12.59 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Sierra Leone?
- Net trade in goods and services in Sierra Leone was -1.31 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Sierra Leone?
- The highest recorded value was 26.03 million BoP, current US$ in 1987.
- What is the lowest net trade in goods and services recorded in Sierra Leone?
- The lowest recorded value was -1.95 billion BoP, current US$ in 2011.
- How does Sierra Leone rank for net trade in goods and services?
- Sierra Leone ranks 130th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Sierra Leone?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is volatile.
- Where does this Sierra Leone data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.