Sierra Leone - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 8450.00
 8257 8315 8373 8432 8671
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 5.70
percent		 3.7 3.7 3.9 4 3.8
GDP 3.77
USD Billion		 4 4 4.5 4.5 5
GDP per capita 462.50
USD		 470 470 480 480 500
GDP per capita PPP 1390.30
USD		 1440 1435 1466 1466 1388
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.50
percent		 4.42 4.4 4.37 4.35 4.2
Population 7.60
Million		 7.8 7.8 8 8 8.2
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 17.70
percent		 13 13 12 12.3 12
Food Inflation 19.07
percent		 16.3 15.31 14.2 16.2 15
Cpi Housing Utilities 197.70
Index Points		 203 209 216 223 287
CPI Transportation 211.80
Index Points		 211 214 216 220 268
Consumer Price Index Cpi 238.80
Index Points		 233 244 252 263 306
Inflation Rate Mom 2.00
percent		 0.5 0.65 0.63 0.63 0.63
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 16.50
percent		 16.5 16.5 16 16 10
Banks Balance Sheet 6718821.62
SLL Million		 8248712 8466726 8683903 8900234 11017909
Deposit Interest Rate 4.07
percent		 4.07 4.07 3.57 3.57 -2.43
Money Supply M1 3241250.00
SLL Million		 3344827 3425014 3504604 3583689 4347145
Money Supply M2 6815850.00
SLL Million		 6777143 6757947 6765199 6763929 6764063
Central Bank Balance Sheet 8035428.33
SLL Million		 8938127 8939618 8940262 8940540 8940751
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -54.39
USD Million		 -65.93 -65.91 -66.05 -65.89 -65.95
Exports 5.62
USD Million		 7.62 7.71 7.5 7.66 7.6
Imports 60.01
USD Million		 73.55 73.55 73.55 73.55 73.55
Current Account -1102.09
USD Million		 -1418 -1410 -1379 -1349 -1323
Current Account to GDP -13.00
percent		 -23 -23 -20 -20 -18
Terrorism Index 0.67
 0.69 0.92 1 1.08 1.46
Tourist Arrivals 51.00
Thousand 		31.97 31.97 51.02 51.02 55.48
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 60.30
percent		 52 52 49 49 46
Government Budget -5.80
percent of GDP		 -5.35 -5.44 -5.32 -5.2 -4.04
Government Revenues 335150.00
SLL Million		 300904 289631 302744 292031 297230
Fiscal Expenditure 338040.00
SLL Million		 390349 384355 392515 387162 389234
Military Expenditure 24.90
USD Million		 26.07 24.9 25.39 25.88 31.02
Government Budget Value -2890.00
SLL Million		 -89444 -93926 -89771 -95131 -92004
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 3361.28
KBps		 4461 4586 4657 4741 5085
IP Addresses 824.00
IP		 706 758 730 735 740
Ease of Doing Business 160.00
 159 160 159 158 157
Corruption Index 30.00
Points		 30 29 30 30 30
Corruption Rank 130.00
 135 137 138 139 141
Competitiveness Index 3.20
Points		 3.21 3.21 3.18 3.16 3.17
Competitiveness Rank 130.00
 133 133 132 131 134
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 25.08
celsius		 25.02 25.67 26.75 26.77 26.65