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Sierra Leone

Sierra Leone Economic Outlook

With the discovery of iron ore in 2011, mining became the main growth driver, resulting in an unprecedented growth rate of 21% in 2013. However, following the downward trend in the international price of iron ore and the outbreak of the Ebola virus in 2014—the economy contracted 20.6% in 2015. Resumption of operation by one of the two iron ore companies led to a rebound of the economy, with a growth rate of 6.3% in 2016 and an estimated 5.7% in 2017. The outlook for 2018 and beyond will continue to be challenging, due to the uncertainty surrounding the international prices of iron ore. GDP growth is expected to be 6.1% in 2018 and 6.5% in 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

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Contacts

Sierra Leone Country Office

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

Tel: (232) 76541328

Mr Peninah Kariuki, Country Manager

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47