Analysis by Region - Emerging Markets - Sierra Leone

Analysis by Region - Emerging Markets - Sierra Leone

We estimate that real GDP growth slowed to 3.4% in 2023 compared with 3.5% in 2022. The lower estimate may be ascribed to a deceleration in private consumption growth as consumer price index (CPI) inflation likely restrained consumption demand. We project real GDP growth to accelerate slightly to reach 3.7% this year ‒ unchanged from our previous forecast. Strong mining and agricultural production are anticipated to support real GDP performance, while iron ore prices are expected to fall by 3.7% on average this year, curtailing export earnings.

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