Financial Institutions Index in Sierra Leone
Sierra Leone: Financial Institutions Index was 0.14 in 2020. ▲ Rising
Financial Institutions Index in Sierra Leone, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Sierra Leone is 0.14, measured in 2020. That is the highest value across all 41 years on record.
The figure is up 17.5% on the previous year and up 31.3% over ten years.
Over the whole period, financial institutions index in Sierra Leone peaked at 0.14 in 2020 and was at its lowest, 0.0345, in 1987.
Sierra Leone ranks 176th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Index in Sierra Leone, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0669 | — |
| 1981 | 0.0607 | -9.3% |
| 1982 | 0.0604 | -0.6% |
| 1983 | 0.0547 | -9.3% |
| 1984 | 0.0542 | -0.9% |
| 1985 | 0.0537 | -1.0% |
| 1986 | 0.0595 | +10.9% |
| 1987 | 0.0345 | -42.0% |
| 1988 | 0.0573 | +66.1% |
| 1989 | 0.0751 | +30.9% |
| 1990 | 0.0577 | -23.1% |
| 1991 | 0.0913 | +58.1% |
| 1992 | 0.0929 | +1.7% |
| 1993 | 0.0756 | -18.6% |
| 1994 | 0.0694 | -8.2% |
| 1995 | 0.0858 | +23.7% |
| 1996 | 0.1049 | +22.3% |
| 1997 | 0.0837 | -20.2% |
| 1998 | 0.0953 | +13.8% |
| 1999 | 0.1255 | +31.6% |
| 2000 | 0.1205 | -4.0% |
| 2001 | 0.1143 | -5.1% |
| 2002 | 0.1123 | -1.7% |
| 2003 | 0.1203 | +7.1% |
| 2004 | 0.1225 | +1.8% |
| 2005 | 0.1132 | -7.6% |
| 2006 | 0.1014 | -10.4% |
| 2007 | 0.0733 | -27.8% |
| 2008 | 0.0727 | -0.8% |
| 2009 | 0.0877 | +20.7% |
| 2010 | 0.1066 | +21.5% |
| 2011 | 0.1132 | +6.2% |
| 2012 | 0.1094 | -3.4% |
| 2013 | 0.0603 | -44.9% |
| 2014 | 0.1239 | +105.5% |
| 2015 | 0.1176 | -5.1% |
| 2016 | 0.1386 | +17.8% |
| 2017 | 0.1224 | -11.7% |
| 2018 | 0.1379 | +12.6% |
| 2019 | 0.1191 | -13.6% |
| 2020 | 0.14 | +17.5% |
Sierra Leone compared with similar countries
- Sierra Leone's 0.14 is below the median for low income countries, which is 0.1872, 75% of the median. (22 countries reporting)
- Sierra Leone's 0.14 is below the median for Sub-Saharan Africa, which is 0.2105, 66% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0577 | 0.0345 | 0.0751 | 10 |
| 1990s | 0.0882 | 0.0577 | 0.1255 | 10 |
| 2000s | 0.1038 | 0.0727 | 0.1225 | 10 |
| 2010s | 0.1149 | 0.0603 | 0.1386 | 10 |
| 2020s | 0.14 | 0.14 | 0.14 | 1 |
Countries ranked near Sierra Leone
- 173 Tanzania 0.1659 compare
- 174 Equatorial Guinea 0.1647 compare
- 175 Eritrea 0.1608 compare
- 177 French Polynesia 0.1375 compare
- 178 Chad 0.1318 compare
- 179 Micronesia (country) 0.1098 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 institutions index in Sierra Leone?
- Financial institutions index in Sierra Leone was 0.14 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Sierra Leone?
- The highest recorded value was 0.14 in 2020.
- What is the lowest financial institutions index recorded in Sierra Leone?
- The lowest recorded value was 0.0345 in 1987.
- How does Sierra Leone rank for financial institutions index?
- Sierra Leone ranks 176th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Sierra Leone?
- Over the last ten years it is up 31.3%. 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 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.