Banking crisis dummy in Sierra Leone
Sierra Leone: Banking crisis dummy was 0 1=banking crisis, 0=none in 2017. ◆ Volatile
Banking crisis dummy in Sierra Leone, 1970–2017
Source: Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163. Measured in 1=banking crisis, 0=none.
Analysis
Sierra Leone recorded 0 1=banking crisis, 0=none for banking crisis dummy in 2017. That is the lowest value across all 48 years on record.
Over the whole period, banking crisis dummy in Sierra Leone peaked at 1 1=banking crisis, 0=none in 1990 and was at its lowest, 0 1=banking crisis, 0=none, in 1970.
Sierra Leone ranks 4th of 212 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 10 |
| 1980s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 10 |
| 1990s | 0.5 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 1 1=banking crisis, 0=none | 10 |
| 2000s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 10 |
| 2010s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 8 |
Countries ranked near Sierra Leone
- 1 Guinea-Bissau 1 1=banking crisis, 0=none compare
- 1 Republic of Moldova 1 1=banking crisis, 0=none compare
- 1 Ukraine 1 1=banking crisis, 0=none compare
- 4 Afghanistan 0 1=banking crisis, 0=none
- 4 Albania 0 1=banking crisis, 0=none compare
- 4 Algeria 0 1=banking crisis, 0=none compare
- 4 Andorra 0 1=banking crisis, 0=none
- 4 Angola 0 1=banking crisis, 0=none
- 4 Antigua and Barbuda 0 1=banking crisis, 0=none
- 4 Argentina 0 1=banking crisis, 0=none compare
- 4 Armenia 0 1=banking crisis, 0=none compare
- 4 Aruba 0 1=banking crisis, 0=none
- 4 Australia 0 1=banking crisis, 0=none
- 4 Austria 0 1=banking crisis, 0=none compare
- 4 Azerbaijan 0 1=banking crisis, 0=none compare
- 4 Bahamas 0 1=banking crisis, 0=none
- 4 Bahrain 0 1=banking crisis, 0=none
- 4 Bangladesh 0 1=banking crisis, 0=none compare
- 4 Barbados 0 1=banking crisis, 0=none
- 4 Belarus 0 1=banking crisis, 0=none compare
- 4 Belgium 0 1=banking crisis, 0=none compare
- 4 Belize 0 1=banking crisis, 0=none
- 4 Benin 0 1=banking crisis, 0=none compare
- 4 Bermuda 0 1=banking crisis, 0=none
- 4 Bhutan 0 1=banking crisis, 0=none
- 4 Bolivia, Plurinational State of 0 1=banking crisis, 0=none compare
- 4 Bosnia and Herzegovina 0 1=banking crisis, 0=none compare
- 4 Botswana 0 1=banking crisis, 0=none
- 4 Brazil 0 1=banking crisis, 0=none compare
- 4 Brunei Darussalam 0 1=banking crisis, 0=none
- 4 Bulgaria 0 1=banking crisis, 0=none compare
- 4 Burkina Faso 0 1=banking crisis, 0=none compare
- 4 Burundi 0 1=banking crisis, 0=none compare
- 4 Cabo Verde 0 1=banking crisis, 0=none compare
- 4 Cambodia 0 1=banking crisis, 0=none
- 4 Cameroon 0 1=banking crisis, 0=none compare
- 4 Canada 0 1=banking crisis, 0=none
- 4 Cayman Islands 0 1=banking crisis, 0=none
- 4 Central African Republic 0 1=banking crisis, 0=none compare
- 4 Chad 0 1=banking crisis, 0=none compare
- 4 Chile 0 1=banking crisis, 0=none compare
- 4 China 0 1=banking crisis, 0=none compare
- 4 Colombia 0 1=banking crisis, 0=none compare
- 4 Comoros 0 1=banking crisis, 0=none
- 4 Congo, Democratic Republic of the 0 1=banking crisis, 0=none
- 4 Congo 0 1=banking crisis, 0=none compare
- 4 Costa Rica 0 1=banking crisis, 0=none compare
- 4 Côte d'Ivoire 0 1=banking crisis, 0=none compare
- 4 Croatia 0 1=banking crisis, 0=none compare
- 4 Cuba 0 1=banking crisis, 0=none
- 4 Curaçao 0 1=banking crisis, 0=none
- 4 Cyprus 0 1=banking crisis, 0=none compare
- 4 Czechia 0 1=banking crisis, 0=none compare
- 4 Denmark 0 1=banking crisis, 0=none compare
- 4 Djibouti 0 1=banking crisis, 0=none compare
- 4 Dominica 0 1=banking crisis, 0=none
- 4 Dominican Republic 0 1=banking crisis, 0=none compare
- 4 Ecuador 0 1=banking crisis, 0=none compare
- 4 Egypt 0 1=banking crisis, 0=none compare
- 4 El Salvador 0 1=banking crisis, 0=none compare
- 4 Equatorial Guinea 0 1=banking crisis, 0=none compare
- 4 Eritrea 0 1=banking crisis, 0=none compare
- 4 Estonia 0 1=banking crisis, 0=none compare
- 4 Eswatini 0 1=banking crisis, 0=none compare
- 4 Ethiopia 0 1=banking crisis, 0=none
- 4 Faroe Islands 0 1=banking crisis, 0=none
- 4 Fiji 0 1=banking crisis, 0=none
- 4 Finland 0 1=banking crisis, 0=none compare
- 4 France 0 1=banking crisis, 0=none compare
- 4 French Polynesia 0 1=banking crisis, 0=none
- 4 Gabon 0 1=banking crisis, 0=none
- 4 Gambia 0 1=banking crisis, 0=none
- 4 Georgia 0 1=banking crisis, 0=none compare
- 4 Germany 0 1=banking crisis, 0=none compare
- 4 Ghana 0 1=banking crisis, 0=none compare
- 4 Gibraltar 0 1=banking crisis, 0=none
- 4 Greece 0 1=banking crisis, 0=none compare
- 4 Greenland 0 1=banking crisis, 0=none
- 4 Grenada 0 1=banking crisis, 0=none
- 4 Guam 0 1=banking crisis, 0=none
- 4 Guatemala 0 1=banking crisis, 0=none
- 4 Guinea 0 1=banking crisis, 0=none compare
- 4 Guyana 0 1=banking crisis, 0=none compare
- 4 Haiti 0 1=banking crisis, 0=none compare
- 4 Honduras 0 1=banking crisis, 0=none
- 4 Hong Kong (China) 0 1=banking crisis, 0=none
- 4 Hungary 0 1=banking crisis, 0=none compare
- 4 Iceland 0 1=banking crisis, 0=none compare
- 4 India 0 1=banking crisis, 0=none compare
- 4 Indonesia 0 1=banking crisis, 0=none compare
- 4 Iran (Islamic Republic of) 0 1=banking crisis, 0=none
- 4 Iraq 0 1=banking crisis, 0=none
- 4 Ireland 0 1=banking crisis, 0=none compare
- 4 Isle of Man 0 1=banking crisis, 0=none
- 4 Israel 0 1=banking crisis, 0=none compare
- 4 Italy 0 1=banking crisis, 0=none compare
- 4 Jamaica 0 1=banking crisis, 0=none compare
- 4 Japan 0 1=banking crisis, 0=none compare
- 4 Jordan 0 1=banking crisis, 0=none compare
- 4 Kazakhstan 0 1=banking crisis, 0=none compare
- 4 Kenya 0 1=banking crisis, 0=none compare
- 4 Kiribati 0 1=banking crisis, 0=none
- 4 Democratic People's Republic of Korea 0 1=banking crisis, 0=none
- 4 Korea 0 1=banking crisis, 0=none compare
- 4 Kosovo 0 1=banking crisis, 0=none
- 4 Kuwait 0 1=banking crisis, 0=none compare
- 4 Kyrgyzstan 0 1=banking crisis, 0=none compare
- 4 Lao People's Democratic Republic 0 1=banking crisis, 0=none
- 4 Latvia 0 1=banking crisis, 0=none compare
- 4 Lebanon 0 1=banking crisis, 0=none compare
- 4 Lesotho 0 1=banking crisis, 0=none
- 4 Liberia 0 1=banking crisis, 0=none compare
- 4 Libya 0 1=banking crisis, 0=none
- 4 Liechtenstein 0 1=banking crisis, 0=none
- 4 Lithuania 0 1=banking crisis, 0=none compare
- 4 Luxembourg 0 1=banking crisis, 0=none compare
- 4 Macau, China 0 1=banking crisis, 0=none
- 4 Madagascar 0 1=banking crisis, 0=none compare
- 4 Malawi 0 1=banking crisis, 0=none
- 4 Malaysia 0 1=banking crisis, 0=none compare
- 4 Maldives 0 1=banking crisis, 0=none
- 4 Mali 0 1=banking crisis, 0=none compare
- 4 Malta 0 1=banking crisis, 0=none
- 4 Marshall Islands 0 1=banking crisis, 0=none
- 4 Mauritania 0 1=banking crisis, 0=none compare
- 4 Mauritius 0 1=banking crisis, 0=none
- 4 Mexico 0 1=banking crisis, 0=none compare
- 4 Micronesia (Federated States of) 0 1=banking crisis, 0=none
- 4 Monaco 0 1=banking crisis, 0=none
- 4 Mongolia 0 1=banking crisis, 0=none compare
- 4 Montenegro 0 1=banking crisis, 0=none
- 4 Morocco 0 1=banking crisis, 0=none compare
- 4 Mozambique 0 1=banking crisis, 0=none compare
- 4 Myanmar 0 1=banking crisis, 0=none
- 4 Namibia 0 1=banking crisis, 0=none
- 4 Naoero 0 1=banking crisis, 0=none
- 4 Nepal 0 1=banking crisis, 0=none compare
- 4 Netherlands 0 1=banking crisis, 0=none compare
- 4 New Caledonia 0 1=banking crisis, 0=none
- 4 New Zealand 0 1=banking crisis, 0=none
- 4 Nicaragua 0 1=banking crisis, 0=none compare
- 4 Niger 0 1=banking crisis, 0=none compare
- 4 Nigeria 0 1=banking crisis, 0=none compare
- 4 North Macedonia 0 1=banking crisis, 0=none compare
- 4 Norway 0 1=banking crisis, 0=none compare
- 4 Oman 0 1=banking crisis, 0=none
- 4 Pakistan 0 1=banking crisis, 0=none
- 4 Palau 0 1=banking crisis, 0=none
- 4 Panama 0 1=banking crisis, 0=none compare
- 4 Papua New Guinea 0 1=banking crisis, 0=none
- 4 Paraguay 0 1=banking crisis, 0=none compare
- 4 Peru 0 1=banking crisis, 0=none compare
- 4 Philippines 0 1=banking crisis, 0=none compare
- 4 Poland 0 1=banking crisis, 0=none compare
- 4 Portugal 0 1=banking crisis, 0=none compare
- 4 Puerto Rico 0 1=banking crisis, 0=none
- 4 Qatar 0 1=banking crisis, 0=none
- 4 Romania 0 1=banking crisis, 0=none
- 4 Russia 0 1=banking crisis, 0=none compare
- 4 Rwanda 0 1=banking crisis, 0=none
- 4 Samoa 0 1=banking crisis, 0=none
- 4 San Marino 0 1=banking crisis, 0=none
- 4 Sao Tome and Principe 0 1=banking crisis, 0=none compare
- 4 Saudi Arabia 0 1=banking crisis, 0=none
- 4 Senegal 0 1=banking crisis, 0=none compare
- 4 Serbia 0 1=banking crisis, 0=none
- 4 Seychelles 0 1=banking crisis, 0=none
- 4 Singapore 0 1=banking crisis, 0=none
- 4 Sint Maarten 0 1=banking crisis, 0=none
- 4 Slovak Republic 0 1=banking crisis, 0=none compare
- 4 Slovenia 0 1=banking crisis, 0=none compare
- 4 Solomon Islands 0 1=banking crisis, 0=none
- 4 Somalia 0 1=banking crisis, 0=none
- 4 South Africa 0 1=banking crisis, 0=none
- 4 South Sudan 0 1=banking crisis, 0=none
- 4 Spain 0 1=banking crisis, 0=none compare
- 4 Sri Lanka 0 1=banking crisis, 0=none compare
- 4 Saint Kitts and Nevis 0 1=banking crisis, 0=none
- 4 Saint Lucia 0 1=banking crisis, 0=none
- 4 Saint Vincent and the Grenadines 0 1=banking crisis, 0=none
- 4 Sudan 0 1=banking crisis, 0=none
- 4 Suriname 0 1=banking crisis, 0=none
- 4 Sweden 0 1=banking crisis, 0=none compare
- 4 Switzerland 0 1=banking crisis, 0=none compare
- 4 Syrian Arab Republic 0 1=banking crisis, 0=none
- 4 Tajikistan 0 1=banking crisis, 0=none
- 4 Tanzania, United Republic of 0 1=banking crisis, 0=none compare
- 4 Thailand 0 1=banking crisis, 0=none compare
- 4 Timor-Leste 0 1=banking crisis, 0=none
- 4 Togo 0 1=banking crisis, 0=none compare
- 4 Tonga 0 1=banking crisis, 0=none
- 4 Trinidad and Tobago 0 1=banking crisis, 0=none
- 4 Tunisia 0 1=banking crisis, 0=none compare
- 4 Türkiye 0 1=banking crisis, 0=none compare
- 4 Turkmenistan 0 1=banking crisis, 0=none
- 4 Turks and Caicos Islands 0 1=banking crisis, 0=none
- 4 Tuvalu 0 1=banking crisis, 0=none
- 4 Uganda 0 1=banking crisis, 0=none compare
- 4 United Arab Emirates 0 1=banking crisis, 0=none
- 4 United Kingdom 0 1=banking crisis, 0=none compare
- 4 United States 0 1=banking crisis, 0=none compare
- 4 Uruguay 0 1=banking crisis, 0=none compare
- 4 Uzbekistan 0 1=banking crisis, 0=none
- 4 Vanuatu 0 1=banking crisis, 0=none
- 4 Venezuela (Bolivarian Republic of) 0 1=banking crisis, 0=none compare
- 4 Viet Nam 0 1=banking crisis, 0=none compare
- 4 United States Virgin Islands 0 1=banking crisis, 0=none
- 4 Palestine, State of 0 1=banking crisis, 0=none
- 4 Yemen 0 1=banking crisis, 0=none compare
- 4 Zambia 0 1=banking crisis, 0=none compare
- 4 Zimbabwe 0 1=banking crisis, 0=none compare
More financial sector data for Sierra Leone
- Net domestic credit (current LCU), per capita 4,743 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 5.6 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 28.74 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 104.67 million SDR (2024)
- Reserves excluding gold 332.23 million SDR (2024)
- Total reserves (gold at market value) 332.23 million SDR (2024)
- Total reserves (gold at national valuation) 332.23 million SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 38.44 SDR per person (2024)
Frequently asked questions
- What is banking crisis dummy in Sierra Leone?
- Banking crisis dummy in Sierra Leone was 0 1=banking crisis, 0=none in 2017, according to Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163.
- What is the highest banking crisis dummy recorded in Sierra Leone?
- The highest recorded value was 1 1=banking crisis, 0=none in 1990.
- What is the lowest banking crisis dummy recorded in Sierra Leone?
- The lowest recorded value was 0 1=banking crisis, 0=none in 1970.
- How does Sierra Leone rank for banking crisis dummy?
- Sierra Leone ranks 4th out of 212 countries with data for 2017.
- Where does this Sierra Leone data come from?
- The figures come from Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163, published as part of Banking crisis dummy (1=banking crisis, 0=none). Statizoid updates them automatically from the source API.
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About this data
A banking crisis is defined as systemic if two conditions are met: a. Significant signs of financial distress in the banking system (as indicated bysignificant bank runs, losses in the banking system, and/or bank liquidations), b. Significant banking policy intervention measures in response to significant losses in the banking system. The first year that both criteria are met is considered as the year when the crisis start becoming systemic. The end of a crisis is defined the year before both real GDP growth and real credit growth are positive for at least two consecutive years.