The ruling party now has a majority with 59 seats and the main opposition has 58 seats. The GDP value of Sierra Leone represents less than 0.01 percent of the world economy. However, the ruling party petitioned the election of 16 opposition MPs and the High Court ruled in its favor, nullifying the election of 10 – the seats of eight were awarded to the ruling party while two were to be re-run. GDP at Purchasing Power Parity per capita ($) 1,616.5 Life expectancy at birth (years)* 53.9 Exports of services to UK (£m) 15 GDP at PPP as a share of world (%) 0.0 Literacy rates (%)* 43.2 Imports of services from UK (£m) 29 0000025135 00000 n Energy Sector Utility Reform Project (ESURP) – $40 million: has made a lot of progress in laying the foundation for improving the performance of the Electricity Distribution and Supply Authority (EDSA)-both technical and financial. 0000015986 00000 n The Leone came under intense pressure in 2019H1, depreciating by 4.8% and 6.5% (YoY) at the official and parallel markets, respectively, reflecting lower-than-expected export receipts and donor inflows as well as increased demand for foreign exchange to finance imports. H�\�͎�@��. 0000079838 00000 n 0000085060 00000 n 0000002516 00000 n $1,600 (2017 est.) 0000079057 00000 n The PBF design is set up to stimulate good practices in schools thereby improving the learning environment. %PDF-1.4 %���� Statistics and historical data on GDP growth rate, per capita PPP, constant prices. 0000076516 00000 n The Bank also enjoys close collaboration with United Nations institutions and other development partners. The Gross Domestic Product per capita in Sierra Leone was last recorded at 1718.40 US dollars in 2019, when adjusted by purchasing power parity (PPP). 0000081492 00000 n WDI Tables. One re-run by-election is pending, the outcome of which may produce an equal number of representatives (59-59 should the opposition win) or add to the ruling party’s majority (60 if it wins). The World Bank Group works in every major area of development. 0000050758 00000 n $1,500 (2015 est.) Tax revenues are therefore expected to increase to 14.0% of GDP from 13.7% in the previous year. 0000076887 00000 n Sierra Leone gdp per capita for 2019 was $504, a 5.53% decline from 2018. 0000016382 00000 n The World Bank works closely with development partners to support Sierra Leone in fighting poverty, promoting economic development and improving living standards. 0000050864 00000 n Sierra Leone … 0000005687 00000 n ... Sierra Leone - Economic Forecasts - 2020-2022 Outlook. Gross external reserves increased slightly to US$500m (3.4 months of import) in 2019H1 from $483m in 2018 (3.3 months of import). Key areas of engagement include governance, education, health, agriculture, private sector, and extractives. 0000020553 00000 n the 168th freest in the 2020 Index. The GDP per Capita, in Sierra Leone, when adjusted by Purchasing Power Parity is equivalent to 10 percent of the world's average. Online tool for visualization and analysis. The Gross Domestic Product (GDP) in Sierra Leone was worth 4.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. 0000026581 00000 n 0000008402 00000 n This is achieved through frequent diagnose and analysis of the system and timely and preventive maintenance measures. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Brig. The SLIHS 2018 will inform in the next few months the evolution of poverty in the country since 2011. 0000047024 00000 n Sierra Leone gnp for 2018 was $3.74B, a 3.15% decline from 2017. Julius Maada Bio won by 0.6 percentage points and for the first time a winning party failed to have majority in Parliament. The losing All People’s Congress (APC) had 68 seats (52%) and the SLPP had 49 seats (37%). 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Estimated gross national income per capita, male (2011 PPP $) n.a. 0000077667 00000 n 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. 0000050021 00000 n 0000037513 00000 n 0000076254 00000 n 0000004686 00000 n But the aggregate technical, commercial, and collection losses are still over 45% and are much higher than the average losses of 20–25% in many Sub-Saharan Africa countries. 0000064488 00000 n 0000078433 00000 n Public debt rose from 42.1% of GDP in 2015 to an estimated 72.6% in 2019 and is projected at 75.1% in 2020, reflecting increases in both domestic and external debt. 0000077982 00000 n Problems of poor infrastructure and widespread rural and urban impoverishment persist despite remarkable strides and reforms. Find out what the Bank Group's branches are doing in Sierra Leone. The last Country Assistance Strategy (CAS) covered FY10 – FY13 done jointly with the International Finance Corporation and the African Development Bank. 0000039919 00000 n 0000004865 00000 n 94% of the beneficiaries are women drawn from 12 out of the 16 districts in the country. As a result, average travel time has seen significant reduction from over 20min/km to about 2min/km, and the communities that were hitherto cut-off during the rains are having year-round road access to farms, markets, schools, health centers, etc. The Commissions are expected to conclude hearings by end of October with recommendations presented to government by end of 2019. The government early this year launched three Commissions of Inquiry to probe into the governance activities of the past administration: 2007-2018. 114 111 0000006779 00000 n Consultations with various stakeholders including CSOs, private sector, central and local government, Parliament, development partners, media had been undertaken in different parts of the country. Published by H. Plecher, May 26, 2020 In 2017, the gross domestic product (GDP) per capita in Sierra Leone amounted to around 503.35 U.S. dollars. To learn more about cookies, click here. Watch, listen and click through the latest videos, podcasts and slideshows highlighting the World Bank’s work in Sub-Saharan Africa. 0000020160 00000 n 0000003340 00000 n 0000005395 00000 n United Nations projections are also included through the year 2100. 0000024172 00000 n CSV XML EXCEL. 0000077745 00000 n 0000040371 00000 n Sierra Leone gni per capita for 2018 was $490, a 5.77% decline from 2017. 0000047176 00000 n 0000079760 00000 n 0000049360 00000 n We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. The program currently benefits 30,453 extremely poor households with quarterly cash transfers, including beneficiaries temporarily covered under the Ebola immediate recovery period. 0000006245 00000 n Sierra Leone gdp for 2017 was $3.74B, a 1.76% increase from 2016. A data and information system that can provide a more reliable tool for monitoring and assessing the technical and financial performance of EDSA has largely been put in place. The reliability of the distribution network has improved in terms of average duration of outages per month and average interruption frequency per year. h�bb�``b``, � G� � endstream endobj 115 0 obj <>/Metadata 76 0 R/Outlines 71 0 R/PageLabels 73 0 R/Pages 75 0 R/StructTreeRoot 78 0 R/Type/Catalog/ViewerPreferences<>>> endobj 116 0 obj >/PageWidthList<0 504.0>>>>>>/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 504.0 720.0]/Type/Page>> endobj 117 0 obj <> endobj 118 0 obj <> endobj 119 0 obj <> endobj 120 0 obj <> endobj 121 0 obj <>stream 0000078679 00000 n 0000014560 00000 n Sierra Leone gdp for 2016 was $3.67B, a 12.89% decline from 2015. Sierra Leone GDP Value was 3.94 B USD in 2020. The current International Development Assocation portfolio in Sierra Leone stands at $597 million (credits and grants) covering 13 national and three regional operations with an undisbursed balance of $305 million (51%). Sierra Leone gnp for 2016 was $3.58B, a 9.94% decline from 2015. This is consistent with the government’s new National Development Plan (NDP) launched on February 28, 2019. sc9%�4��1�̝���(4�X�=����4� ���4D���˗�)�T�6� �\T� endstream endobj 223 0 obj <>/Filter/FlateDecode/Index[78 36]/Length 20/Size 114/Type/XRef/W[1 1 1]>>stream 0000028656 00000 n 0000016892 00000 n Find Out. 0000040201 00000 n … 0000078524 00000 n The growth in services is expected to slow due to weaker performance in tourism, transportation and communication. 0000007133 00000 n 0000077277 00000 n 0000015344 00000 n GDP - per capita: $1,600 (2017 est.) The fiscal deficit will continue to improve as the government strengthens its fiscal consolidation measures. Total revenue is expected to increase from 14.9% of GDP to 15.7% in 2019 as the government continues to implement its medium-term revenue mobilization strategy, which includes automation of customs documentation and tax processes and improving the operations of the treasury single account. Inflation, which moderated from 18.2 to 16.8% in 2018, increased to 17.2% in 2019H1 reflecting a sharp depreciation of exchange rate and elevated nonfood prices due mainly to the increase in fuel prices. With IDA’s help, hundreds of millions of people have escaped poverty—through the creation of jobs, access to clean water, schools, roads, nutrition, electricity, and more. And in improving access to markets, the project has so far completed the rehabilitation and maintenance of 166.5km of feeder roads for the 77 communities located along the corridor of the roads in nine districts. 0000015456 00000 n GDP per capita in Sierra Leone averaged 417.20 USD from 1960 until 2019, reaching an all time high of 567.80 USD in 2014 and a record low of 273 USD in 2001. The CAS Progress Report was completed in June 2012. Published by H. Plecher, May 26, 2020 Sierra Leone's gross domestic product amounted to around 12.24 billion international dollars, in 2018. The current infant mortality rate for Sierra Leone in 2020 is 76.513 deaths per 1000 live births, a 2.71% decline from 2019. Until the outbreak of Ebola in May 2014, Sierra Leone was seeking to attain middle-income status by 2035, but the country still carries its post-conflict attributes of high youth unemployment, corruption and weak governance. 0000047334 00000 n 0000079135 00000 n 0000079380 00000 n The mean wage was US$0.32 per hour in 2009. The opposition Sierra Leone People’s Party (SLPP) candidate, Rtd. Total public debt is estimated to increase from 60.9% of GDP in 2018 to 62.3% of GDP in 2019, reflecting depreciation of the exchange rate as well as increased domestic debt on account of the conversion of stock of arrears into debt. $1,500 (2016 est.) 0000049263 00000 n 0000080543 00000 n However, many people argue that the imbalance of political power in Sierra Leone has resulted into a culture of injustice, corruption or exploitation. 0000013258 00000 n Trade: The top exports of Sierra Leone are Titanium Ore ($145M), Rough Wood ($106M), Diamonds ($88.4M), Aluminium Ore ($79.8M), and Non-fillet Frozen Fish ($32.6M). 0000050991 00000 n note: data are in 2017 dollars country ... All suggestions for corrections of any errors about Sierra Leone Economy 2020 should be addressed to the CIA or the source cited on each page. Sierra Leone held general elections on March 7, 2018 to elect a new President, Members of Parliament and Local Councils in the fourth cycle of elections since the civil war in 2002. The 2018 results show that, on comparable indicators, PBF schools are performing better than non-PBF schools. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 0000040698 00000 n With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. After slowing to 3.5% in 2018 from 3.8% in the previous year, economic growth in Sierra Leone is projected to rebound to 4.8% in 2019 driven by increased activities in agriculture and construction as well as the resumption of iron ore production and exports. 0000080635 00000 n Find Out Revitalizing Education Development in Sierra Leone Project (ReDISL) – $31.37 million: Through this project, detailed data on school profile (students, teachers, facilities) and geo-coordinates is now available for decision making; Performance-Based Financing (PBF) yields improvement in teacher attendance between 2016 and 2018. 0000076215 00000 n Growth in these labor-intensive sectors could make a dent on poverty which remains widespread in the country (more than half of the population lives in poverty, according to the latest Sierra Leone Integrated Household Survey (SLIHS)). But this proved unsustainable and it consequently shrank by 52% in the 1980s and a further 10% in the 1990s. 0000007017 00000 n 0000013685 00000 n DataBank. 0000008668 00000 n The IDA18 resource envelope for Sierra Leone is approximately $320 million, all of which is expected to be delivered by the end of FY19. GDP is … 0000112458 00000 n Economic sectors Sierra Leone 2020 - Get the report with graphs and tables on! Nationally, teacher attendance increased by five percentage points between September 2016 and February 2018. Chart and table of the Sierra Leone infant mortality rate from 1950 to 2020. Sierra Leone was classified at risk of high debt distress in the last debt sustainability analysis in 2018. 0000085892 00000 n The GDP per Capita in Sierra Leone is equivalent to 4 percent of the world's average. 0000048937 00000 n 0000081337 00000 n Smallholder Commercialization and Agribusiness Development Project (SCADEP): This is a $40 million project that seeks to promote smallholder commercialization by fostering productive business linkages between smallholder farmers and selected agribusiness firms and other commodity off-takers in Sierra Leone. It records an increase from the last reported number of 539.122 USD in Dec 2019. GDP - per capita (PPP): This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Sierra Leone gnp for 2019 was $3.89B, a 3.96% increase from 2018. 0000014420 00000 n Sierra Leone GDP (Gross Domestic Product) was INT$10.90billion for 2019 in PPP terms. Sierra Leone gni per capita for 2017 was $520, a 6.12% increase from 2016. Debt has been increasing in recent years. 0000021006 00000 n The opposition Sierra Leone People’s Party (SLPP) candidate, Rtd.
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