Sierra Leone | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Sierra Leone including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sierra Leone economy.


MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 7605.00 7540 7470 7390 7315 6477 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 4.30 4.3 4.6 5.1 5.1 10.37 percent [+]
GDP 3.67 3.6 3.6 3.6 3.6 5 USD Billion [+]
GDP per capita 454.60 471 467 462 458 450 USD [+]
GDP per capita PPP 1365.90 1406 1387 1367 1348 1294 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.00 3.1 3.1 3.1 3.1 3.1 percent [+]
Population 7.40 7.52 7.55 7.58 7.61 7.83 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 18.56 17.2 17.5 17.4 17.5 18.6 percent [+]
Food Inflation 19.12 17.08 16.02 15.09 14.29 10.66 percent [+]
CPI Transportation 184.70 183 182 182 181 175 Index Points [+]
Consumer Price Index Cpi 202.90 200 199 197 196 187 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 13.00 14 14 14 13.5 10 percent [+]
Banks Balance Sheet 6718821.62 7144672 7152647 7150576 7142911 7020622 SLL Million [+]
Deposit Interest Rate 4.48 5.75 6.37 6.99 7.62 12.61 percent [+]
Money Supply M1 2673393.15 2715580 2709501 2703069 2696526 2638225 SLL Million [+]
Money Supply M2 6392992.00 6593735 6579376 6564061 6548516 6410335 SLL Million [+]
Central Bank Balance Sheet 8035428.33 8943562 8938638 8916378 8885759 8554650 SLL Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -54.39 -35.39 -33.87 -32.75 -31.92 -29.72 USD Million [+]
Exports 5.62 13.91 14.94 15.87 16.71 21.48 USD Million [+]
Imports 60.01 62.83 62.26 61.71 61.2 57.76 USD Million [+]
Current Account -1102.09 -2629 -2595 -2561 -2527 -4745 USD Million [+]
Current Account to GDP -33.00 -25 -23 -23 -22.62 -18 percent [+]
Terrorism Index 0.00 0.17 0.23 0.28 0.33 1.08 [+]
Tourist Arrivals 24.00 5.16 7.97 10.77 13.57 55.48 Thousand [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 53.40 55 52 52 69.05 46 percent [+]
Government Budget -3.10 -4.17 -4.32 -4.48 -4.63 -5.36 percent of GDP [+]
Government Revenues 353533.00 218135 211614 205823 200758 176846 SLL Million [+]
Fiscal Expenditure 619420.00 377796 358598 346328 335534 300387 SLL Million [+]
Government Budget Value -265887.00 -127933 -127729 -127685 -127674 -127670 SLL Million [+]
Military Expenditure 34.90 36.83 35.76 34.7 33.63 30.92 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 66.10 63.79 63.78 63.76 63.75 63.71 [+]
Ease of Doing Business 148.00 147 147 146 145 144 [+]
Corruption Index 30.00 28 28 28 27 25 Points [+]
Corruption Rank 123.00 132 133 135 137 144 [+]
Competitiveness Index 3.20 3.12 3.12 3.12 3.12 3.11 Points [+]
Competitiveness Rank 130.00 133 133 133 133 133 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30.57 30.69 30.81 30.93 30.93 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]