Financial Development Index in Sierra Leone
Sierra Leone: Financial Development Index was 0.0738 in 2020. ▲ Rising
Financial Development Index in Sierra Leone, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Sierra Leone is 0.0738, measured in 2020. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 16.8% on the previous year and up 26.2% over ten years.
Over the whole period, financial development index in Sierra Leone peaked at 0.0738 in 2020 and was at its lowest, 0.0178, in 1987.
That places Sierra Leone 177th out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Sierra Leone, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0344 | — |
| 1981 | 0.0312 | -9.2% |
| 1982 | 0.031 | -0.6% |
| 1983 | 0.0281 | -9.4% |
| 1984 | 0.0279 | -0.8% |
| 1985 | 0.0276 | -1.1% |
| 1986 | 0.0305 | +10.8% |
| 1987 | 0.0178 | -41.7% |
| 1988 | 0.0295 | +65.8% |
| 1989 | 0.0386 | +30.9% |
| 1990 | 0.0297 | -23.0% |
| 1991 | 0.047 | +58.0% |
| 1992 | 0.0478 | +1.7% |
| 1993 | 0.039 | -18.4% |
| 1994 | 0.0359 | -8.1% |
| 1995 | 0.0442 | +23.3% |
| 1996 | 0.0539 | +21.9% |
| 1997 | 0.0432 | -19.9% |
| 1998 | 0.049 | +13.4% |
| 1999 | 0.0643 | +31.3% |
| 2000 | 0.0617 | -4.0% |
| 2001 | 0.0586 | -5.1% |
| 2002 | 0.0576 | -1.6% |
| 2003 | 0.0618 | +7.2% |
| 2004 | 0.0629 | +1.8% |
| 2005 | 0.0581 | -7.6% |
| 2006 | 0.0522 | -10.2% |
| 2007 | 0.0379 | -27.4% |
| 2008 | 0.0404 | +6.7% |
| 2009 | 0.049 | +21.2% |
| 2010 | 0.0584 | +19.3% |
| 2011 | 0.062 | +6.0% |
| 2012 | 0.0591 | -4.6% |
| 2013 | 0.0335 | -43.4% |
| 2014 | 0.0655 | +95.7% |
| 2015 | 0.0624 | -4.7% |
| 2016 | 0.0731 | +17.1% |
| 2017 | 0.0648 | -11.3% |
| 2018 | 0.0727 | +12.1% |
| 2019 | 0.0632 | -13.1% |
| 2020 | 0.0738 | +16.8% |
Sierra Leone compared with similar countries
- Sierra Leone's 0.0738 is below the median for low income countries, which is 0.0993, 74% of the median. (22 countries reporting)
- Sierra Leone's 0.0738 is below the median for Sub-Saharan Africa, which is 0.1219, 61% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0297 | 0.0178 | 0.0386 | 10 |
| 1990s | 0.0454 | 0.0297 | 0.0643 | 10 |
| 2000s | 0.054 | 0.0379 | 0.0629 | 10 |
| 2010s | 0.0615 | 0.0335 | 0.0731 | 10 |
| 2020s | 0.0738 | 0.0738 | 0.0738 | 1 |
Countries ranked near Sierra Leone
- 174 Equatorial Guinea 0.0839 compare
- 175 Chad 0.082 compare
- 176 Eritrea 0.0819 compare
- 178 French Polynesia 0.07 compare
- 179 Micronesia (country) 0.0559 compare
- 180 Comoros 0.052 compare
More financial sector data for Sierra Leone
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0037 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0027 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0037 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Sierra Leone?
- Financial development index in Sierra Leone was 0.0738 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Sierra Leone?
- The highest recorded value was 0.0738 in 2020.
- What is the lowest financial development index recorded in Sierra Leone?
- The lowest recorded value was 0.0178 in 1987.
- How does Sierra Leone rank for financial development index?
- Sierra Leone ranks 177th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Sierra Leone?
- Over the last ten years it is up 26.2%. The long-run trend across the full record is rising.
- Where does this Sierra Leone data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.