Sierra Leone GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Sierra Leone expanded 20 percent in 2013 from the previous year. GDP Annual Growth Rate in Sierra Leone is reported by the Statistics Sierra Leone. GDP Annual Growth Rate in Sierra Leone averaged 2.92 Percent from 1961 until 2013, reaching an all time high of 20 Percent in 2013 and a record low of -19.01 Percent in 1992. Sierra Leone is one of the poorest countries in the world. More than 50 percent of government revenue comes from foreign aid and the majority of the population rely on subsistence agriculture. However, Sierra Leone has been steadily growing since the end of a devastating civil war in 2002. Diamond production is an important source of revenue and accounts for 63 percent of total exports. Recent government efforts to develop the industry and fight corruption irradiation seem to be successful and the country is expected to keep current pace of expansion. This page provides - Sierra Leone GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
20.00 18.00 20.00 -19.01 21.81 | 2014/06 1961 - 2013 Percent Yearly

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Sierra Leone GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 3.80 2012-12-31 2.93 3.80 0.32 5.08 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 20.00 2013-12-31 18.00 20.00 -19.01 21.81 2014-06-30 Percent [+]
GDP per capita 435.41 2012-12-31 385.17 438.44 247.12 485.71 2014-06-30 USD [+]
GDP per capita PPP 1171.32 2012-12-31 1036.19 1179.49 664.80 1306.65 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Sierra Leone Inflation Rate at 8.23 Percent  
The inflation rate in Sierra Leone was recorded at 8.23 percent in December of 2013. Inflation Rate in Sierra Leone is reported by the Statistics Sierra Leone.
Sierra Leone Government Budget at -1.90 percent of GDP  
Sierra Leone recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2013. Government Budget in Sierra Leone is reported by the World Bank.
Sierra Leone GDP Annual Growth Rate at 20.00 Percent  
The Gross Domestic Product (GDP) in Sierra Leone expanded 20 percent in 2013 from the previous year. GDP Annual Growth Rate in Sierra Leone is reported by the Statistics Sierra Leone.
Sierra Leone Current Account at -1102.09 USD Million  
Sierra Leone recorded a Current Account deficit of 1102.09 USD Million in 2012. Current Account in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Balance of Trade at 71.15 USD Million  
Sierra Leone recorded a trade surplus of 71.15 USD Million in December of 2013. Balance of Trade in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Imports at 118.25 USD Million  
Imports in Sierra Leone decreased to 118.25 USD Million in December of 2013 from 124.46 USD Million in November of 2013. Imports in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Exports at 189.40 USD Million  
Exports in Sierra Leone decreased to 189.40 USD Million in December of 2013 from 219.53 USD Million in November of 2013. Exports in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Current Account to GDP at -44.00 Percent  
Sierra Leone recorded a Current Account deficit of 44 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Government Debt To GDP at 28.30 Percent  
Sierra Leone recorded a Government Debt to GDP of 28.30 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Sierra Leone is reported by the Bank of Sierra Leone.
Sierra Leone Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Sierra Leone stands at 30 percent. Corporate Tax Rate in Sierra Leone is reported by the Ministry of Finance and Economic Development.
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