Key View

• We expect that real GDP growth in Sierra Leone will accelerate to 3.0% in 2024 from an estimated 2.1% in 2023.
• This slight recovery in growth will be driven by moderating inflation, which will encourage private consumption.
• In 2025, we expect real GDP growth to accelerate to 4.2% as inflation reverts to pre-pandemic levels, and

Key View

• We forecast that real GDP growth in Sierra Leone will slow to 2.9% in 2023, down from an estimated 3.2% in 2022.
• The slowdown will be driven by weak private consumption growth on the back of persistent inflationary pressures, which will outweigh strong growth in iron ore exports.
• In 2024, we expect that economic growth will

Key View

• At Fitch Solutions, we forecast real GDP in Sierra Leone to grow by 3.5% in 2023, up from an estimated 3.2% in 2022.
• Ongoing inflationary pressures and tighter financing conditions will weigh on domestic demand in 2023, ensuring that growth remains below trend.
• That said, an expansion in iron ore exports will provide some

Key View

• At Fitch Solutions, we expect real GDP growth in Sierra Leone to grow by 3.3% in 2022 – down from a previous projection of 3.7% – as elevated inflation weighs on household purchasing power and domestic economic activity.
• In 2023, growth will accelerate to 3.5% supported by rising mineral exports and ongoing foreign investment

Key View

• At Fitch Solutions, we have revised down our 2022 real GDP growth forecast for Sierra Leone from 3.7% to 4.1%.
• We expect mounting headwinds from elevated inflation will weigh on consumer spending and wider economic activity. That said, rising mineral exports will ensure that economic growth accelerates for the second consecutive

Key View

• We at Fitch Solutions expect that rising inflation will increase public discontent with President Julius Maada Bio’s Sierra Leone People’s Party (SLPP).
• Campaigning for the June 2023 election will prevent any substantial improvement in social stability over the coming quarters.
• However, protests will remain isolated and are

Key View

• At Fitch Solutions, we have revised down our 2022 forecast for real GDP growth in Sierra Leone to 4.0% from 4.9% previously.
• We expect elevated inflation will weigh on consumer demand and business activity. That said, economic growth will be supported by increased mining and as a result it will remain well above the 2016-20

Key View:

 

• We forecast Sierra Leonean iron ore production to reach 12.8mnt in 2022, registering an 80.0% growth from the 7.1mnt produced in 2021. Sierra Leone’s iron ore sector is currently reviving, after output dropped over 2015-2018 and almost halted in 2019-2020 following the drop in iron ore prices and legal disputes between miners

Key View

• We at Fitch Solutions expect Sierra Leone to record real GDP growth of 4.1% in 2021, following an estimated 3.1% contraction in 2020.
• Strong growth in mining production will be the main driver of the economic recovery; ongoing Covid-19 restrictions will limit the rebound in private consumption growth.
• Real GDP growth will