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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 8570.00
 8572 8645 8718 8792 9095
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.70
percent		 3.7 3.9 4 4.2 3.8
GDP 3.77
USD Billion		 4 4.5 4.5 4.5 5
GDP per capita 462.50
USD		 470 480 480 480 500
GDP per capita PPP 1390.30
USD		 1435 1466 1466 1413 1388
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.50
percent		 4.4 4.37 4.35 4.32 4.2
Population 7.60
Million		 7.8 8 8 8 8.2
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 19.23
percent		 13 12 12.3 10.9 12
Food Inflation 20.41
percent		 15.31 14.2 16.2 15.11 15
Cpi Housing Utilities 201.00
Index Points		 206 213 219 225 277
CPI Transportation 219.90
Index Points		 214 216 220 244 268
Consumer Price Index Cpi 246.00
Index Points		 244 252 263 273 306
Inflation Rate Mom 1.60
percent		 0.59 0.67 0.66 0.66 0.66
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 16.50
percent		 16.5 16 16 15.5 10
Banks Balance Sheet 6718821.62
SLL Million		 8466726 8683903 8900234 9115726 11017909
Deposit Interest Rate 4.07
percent		 4.07 3.57 3.57 3.07 -2.43
Money Supply M1 3209390.00
SLL Million		 3352233 3424945 3497115 3568843 4194504
Money Supply M2 6834980.00
SLL Million		 6833900 6832725 6834355 6833992 6834230
Central Bank Balance Sheet 8035428.33
SLL Million		 8939618 8940262 8940540 8940660 8940751
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -54.39
USD Million		 -65.91 -66.05 -65.89 -65.94 -65.95
Exports 5.62
USD Million		 7.71 7.5 7.66 7.61 7.6
Imports 60.01
USD Million		 73.55 73.55 73.55 73.55 73.55
Current Account -1102.09
USD Million		 -1410 -1379 -1349 -1319 -1323
Current Account to GDP -13.00
percent		 -23 -20 -20 -20 -18
Terrorism Index 0.67
 0.67 0.67 0.67 0.67 0.67
Tourist Arrivals 51.00
Thousand 		31.97 51.02 51.02 51.02 55.48
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 60.30
percent		 52 49 49 49 46
Government Budget -5.80
percent of GDP		 -5.8 -5.8 -5.8 -5.8 -5.8
Government Revenues 320080.00
SLL Million		 290727 303206 292619 300916 297873
Fiscal Expenditure 393930.00
SLL Million		 380174 389986 384100 387235 386198
Military Expenditure 24.90
USD Million		 24.9 25.39 25.88 26.36 31.02
Government Budget Value -73870.00
SLL Million		 -89528 -86780 -91481 -86319 -88325
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 3361.28
KBps		 4586 4657 4741 4791 5085
IP Addresses 824.00
IP		 758 730 735 747 740
Ease of Doing Business 163.00
 163 163 162 162 173
Corruption Index 30.00
Points		 30 30 30 30 30
Corruption Rank 130.00
 130 130 130 130 130
Competitiveness Index 38.80
Points		 39.3 39.3 39.3 39.3 41.8
Competitiveness Rank 134.00
 134 134 134 134 134
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent		 30 30 30 30 30
Personal Income Tax Rate 35.00
percent		 35 35 35 35 35
Sales Tax Rate 15.00
percent		 15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 25.08
celsius		 25.67 26.75 26.77 26.77 26.65



Sierra Leone - Economic Forecasts - 2018-2020 Outlook