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Sierra Leone

Sierra Leone Economic Outlook

Real GDP growth was weak in 2018 at 3.5% but improved slightly to an estimated 5.0% in 2019, driven by agriculture and services, and in the first half of 2019 by extractives. Growth in demand is driven by consumption and investment. Average inflation was 16.9% in 2018 and an estimated 15.6% in 2019. The exchange rate depreciated by 47% between 2016 and 2019. Rapid depreciation in 2019 reflected expectations about economic fundamentals and foreign exchange fueled by suspending the licenses of the two major mining companies in mid-2019.

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Key Facts

Flag:
Capital: Freetown
Area: 72,000 sq km
Total Population 2017: 6.7 Million ...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 4.1 Billion
GNI Per Capita 2015: US$ 630
Inflation Rate: 10.51%
Crude Birth Rate (per 1000): 34.40%
Human Development Index (rank / 188): 179
Human Development Index (scale 0 to 1): 0.420
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 478.5 Million

Sierra Leone
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Sierra Leone Country Office

African Development Bank Group
13 Lamina Sankoh Street
5th & 6th floor, Bishop Building
Freetown, Sierra Leone

Tel: (232) 76541328

Ms. Peninah Kariuki, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

African Development Bank Group
24ème Etage, Immeuble CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

TEL. : (+225) 20 26 40 47