Bank deposits to GDP in Sierra Leone
Sierra Leone: Bank deposits to GDP was 23.7% in 2021. ▲ Rising
Bank deposits to GDP in Sierra Leone, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Sierra Leone recorded 23.7% for bank deposits to gdp in 2021. That is the highest value across all 62 years on record.
That represents a change of up 9.6% on the previous year and up 48.8% over ten years.
Over the whole period, bank deposits to gdp in Sierra Leone peaked at 23.7% in 2021 and was at its lowest, 4.6%, in 1960.
Sierra Leone ranks 157th of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Bank deposits to GDP in Sierra Leone, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 4.6% | — |
| 1961 | 5.4% | +16.9% |
| 1962 | 6.0% | +11.3% |
| 1963 | 6.0% | +0.1% |
| 1964 | 6.4% | +6.4% |
| 1965 | 5.7% | -9.9% |
| 1966 | 6.0% | +5.6% |
| 1967 | 6.7% | +10.2% |
| 1968 | 7.6% | +14.4% |
| 1969 | 7.3% | -3.8% |
| 1970 | 6.6% | -9.4% |
| 1971 | 7.7% | +15.8% |
| 1972 | 8.3% | +8.2% |
| 1973 | 8.6% | +2.9% |
| 1974 | 9.3% | +8.1% |
| 1975 | 8.6% | -6.8% |
| 1976 | 10.6% | +22.8% |
| 1977 | 10.6% | -0.4% |
| 1978 | 11.4% | +7.9% |
| 1979 | 12.1% | +6.1% |
| 1980 | 15.0% | +23.9% |
| 1981 | 13.8% | -7.5% |
| 1982 | 18.3% | +32.4% |
| 1983 | 18.6% | +1.6% |
| 1984 | 16.3% | -12.6% |
| 1985 | 17.6% | +7.9% |
| 1986 | 16.1% | -8.6% |
| 1987 | 10.5% | -34.8% |
| 1988 | 10.4% | -0.5% |
| 1989 | 10.9% | +4.6% |
| 1990 | 9.5% | -12.4% |
| 1991 | 6.8% | -28.8% |
| 1992 | 6.9% | +1.7% |
| 1993 | 6.6% | -4.7% |
| 1994 | 5.9% | -10.0% |
| 1995 | 5.5% | -7.7% |
| 1996 | 5.5% | +0.6% |
| 1997 | 7.4% | +35.4% |
| 1998 | 7.3% | -1.9% |
| 1999 | 8.8% | +20.7% |
| 2000 | 9.1% | +3.3% |
| 2001 | 7.6% | -16.1% |
| 2002 | 8.2% | +7.3% |
| 2003 | 7.9% | -4.0% |
| 2004 | 8.5% | +7.6% |
| 2005 | 9.9% | +16.9% |
| 2006 | 10.4% | +5.3% |
| 2007 | 11.5% | +10.3% |
| 2008 | 12.7% | +10.7% |
| 2009 | 14.9% | +16.8% |
| 2010 | 16.0% | +7.6% |
| 2011 | 15.9% | -0.6% |
| 2012 | 15.4% | -3.4% |
| 2013 | 13.8% | -9.9% |
| 2014 | 16.0% | +15.7% |
| 2015 | 18.5% | +15.8% |
| 2016 | 19.9% | +7.3% |
| 2017 | 18.1% | -9.1% |
| 2018 | 17.6% | -2.6% |
| 2019 | 17.4% | -1.2% |
| 2020 | 21.6% | +24.1% |
| 2021 | 23.7% | +9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.2% | 4.6% | 7.6% | 10 |
| 1970s | 9.4% | 6.6% | 12.1% | 10 |
| 1980s | 14.7% | 10.4% | 18.6% | 10 |
| 1990s | 7.0% | 5.5% | 9.5% | 10 |
| 2000s | 10.1% | 7.6% | 14.9% | 10 |
| 2010s | 16.9% | 13.8% | 19.9% | 10 |
| 2020s | 22.6% | 21.6% | 23.7% | 2 |
Countries ranked near Sierra Leone
More financial sector data for Sierra Leone
- Total reserves in months of imports, annual growth rate -33.05 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 10.42 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.015 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 12.11 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -10.08 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 38.44 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -10.08 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 38.44 SDR per person (2024)
Frequently asked questions
- What is bank deposits to gdp in Sierra Leone?
- Bank deposits to gdp in Sierra Leone was 23.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Sierra Leone?
- The highest recorded value was 23.7% in 2021.
- What is the lowest bank deposits to gdp recorded in Sierra Leone?
- The lowest recorded value was 4.6% in 1960.
- How does Sierra Leone rank for bank deposits to gdp?
- Sierra Leone ranks 157th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Sierra Leone?
- Over the last ten years it is up 48.8%. The long-run trend across the full record is rising.
- Where does this Sierra Leone data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).