Financial Institutions Efficiency Index in Sierra Leone
Sierra Leone: Financial Institutions Efficiency Index was 0.4341 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Sierra Leone, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions efficiency index in Sierra Leone is 0.4341, measured in 2020.
Compared with earlier readings it is up 22.8% on the previous year and up 37.7% over ten years.
Over the whole period, financial institutions efficiency index in Sierra Leone peaked at 0.4552 in 1999 and was at its lowest, 0.1084, in 1987.
That places Sierra Leone 170th 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 Institutions Efficiency Index in Sierra Leone, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2151 | — |
| 1981 | 0.1918 | -10.8% |
| 1982 | 0.1918 | +0.0% |
| 1983 | 0.1753 | -8.6% |
| 1984 | 0.1787 | +2.0% |
| 1985 | 0.1835 | +2.7% |
| 1986 | 0.203 | +10.6% |
| 1987 | 0.1084 | -46.6% |
| 1988 | 0.1904 | +75.7% |
| 1989 | 0.2479 | +30.2% |
| 1990 | 0.1871 | -24.5% |
| 1991 | 0.3083 | +64.8% |
| 1992 | 0.3182 | +3.2% |
| 1993 | 0.2478 | -22.1% |
| 1994 | 0.2249 | -9.2% |
| 1995 | 0.2926 | +30.1% |
| 1996 | 0.3702 | +26.5% |
| 1997 | 0.2816 | -23.9% |
| 1998 | 0.3339 | +18.6% |
| 1999 | 0.4552 | +36.3% |
| 2000 | 0.4364 | -4.1% |
| 2001 | 0.4112 | -5.8% |
| 2002 | 0.3979 | -3.2% |
| 2003 | 0.4165 | +4.7% |
| 2004 | 0.4233 | +1.6% |
| 2005 | 0.3831 | -9.5% |
| 2006 | 0.3346 | -12.7% |
| 2007 | 0.2156 | -35.5% |
| 2008 | 0.202 | -6.3% |
| 2009 | 0.2414 | +19.5% |
| 2010 | 0.3154 | +30.6% |
| 2011 | 0.3341 | +5.9% |
| 2012 | 0.3278 | -1.9% |
| 2013 | 0.1389 | -57.6% |
| 2014 | 0.3768 | +171.2% |
| 2015 | 0.3531 | -6.3% |
| 2016 | 0.4308 | +22.0% |
| 2017 | 0.3692 | -14.3% |
| 2018 | 0.4274 | +15.8% |
| 2019 | 0.3537 | -17.3% |
| 2020 | 0.4341 | +22.8% |
Sierra Leone compared with similar countries
- Sierra Leone's 0.4341 is below the median for low income countries, which is 0.5209, 83% of the median. (22 countries reporting)
- Sierra Leone's 0.4341 is below the median for Sub-Saharan Africa, which is 0.5175, 84% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Sierra Leone changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +171.2% | 0.1389 | 0.3768 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1886 | 0.1084 | 0.2479 | 10 |
| 1990s | 0.302 | 0.1871 | 0.4552 | 10 |
| 2000s | 0.3462 | 0.202 | 0.4364 | 10 |
| 2010s | 0.3427 | 0.1389 | 0.4308 | 10 |
| 2020s | 0.4341 | 0.4341 | 0.4341 | 1 |
Countries ranked near Sierra Leone
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 institutions efficiency index in Sierra Leone?
- Financial institutions efficiency index in Sierra Leone was 0.4341 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Sierra Leone?
- The highest recorded value was 0.4552 in 1999.
- What is the lowest financial institutions efficiency index recorded in Sierra Leone?
- The lowest recorded value was 0.1084 in 1987.
- How does Sierra Leone rank for financial institutions efficiency index?
- Sierra Leone ranks 170th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Sierra Leone?
- Over the last ten years it is up 37.7%. 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 Institutions Efficiency Index. Statizoid updates them automatically from the source API.
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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.