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Economy of Belarus vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $6.97B for Sierra Leone, ranking 83/197 and 160/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Belarus vs Sierra Leone GDP by year

Belarus
Sierra Leone
1x
Year GDP, current $
Belarus Sierra Leone
2024 $75,961,865,472 $6,971,127,235
2023 $72,478,760,370 $6,415,852,767
2022 $73,775,179,925 $7,121,125,278
2021 $69,673,747,132 $7,166,931,485
2020 $61,371,673,345 $6,688,307,703
2019 $64,410,170,653 $6,523,577,594
2018 $60,031,026,576 $6,390,514,689
2017 $54,725,405,751 $5,749,846,528
2016 $47,723,545,321 $6,084,297,211
2015 $56,454,769,845 $6,788,352,975
2014 $78,813,069,121 $7,686,138,791
2013 $75,527,558,966 $7,502,762,863
2012 $65,685,890,439 $6,141,666,509
2011 $61,762,382,328 $4,861,632,885
2010 $57,231,904,543 $4,262,805,967
2009 $50,873,167,326 $3,953,403,098
2008 $60,752,106,347 $4,157,895,298
2007 $45,275,711,996 $3,632,957,611
2006 $36,961,894,281 $3,263,697,467
2005 $30,210,091,837 $2,545,275,313
2004 $23,141,566,293 $2,237,350,687
2003 $17,825,444,724 $2,142,618,046
2002 $14,594,900,945 $1,933,863,911
2001 $12,354,820,144 $1,681,473,894
2000 $12,736,856,828 $635,866,404
1999 $12,138,486,532 $669,386,624
1998 $15,222,012,660 $672,368,187
1997 $14,128,408,566 $850,232,760
1996 $14,500,437,520 $941,709,423
1995 $13,972,683,274 $870,740,292
1994 $14,931,435,232 $911,853,802
1993 $16,275,073,527 $768,867,883
1992 $16,939,790,094 $679,940,814
1991 $18,404,907,975 $779,981,987
1990 $17,389,558,233 $649,644,098
1989 - $932,974,420
1988 - $1,055,083,933
1987 - $660,106,336
1986 - $490,181,457
1985 - $856,890,459
1984 - $1,087,471,862
1983 - $995,104,305
1982 - $1,295,361,886
1981 - $1,114,830,472
1980 - $1,100,685,845
1979 - $1,109,374,911
1978 - $960,728,339
1977 - $691,777,584
1976 - $594,895,942
1975 - $679,336,344
1974 - $648,590,643
1973 - $575,230,724
1972 - $465,381,340
1971 - $419,549,305
1970 - $434,410,974
1969 - $408,690,163
1968 - $329,859,732
1967 - $348,795,303
1966 - $375,479,850
1965 - $359,379,856
1964 - $371,847,461
1963 - $348,547,279
1962 - $342,721,416
1961 - $327,834,191
1960 - $322,009,962

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/sierra-leone | CC BY

GDP per capita in Belarus vs Sierra Leone by year

Belarus
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $807 $3,522
2023 $7,897 $30,834 $758 $3,368
2022 $7,995 $28,429 $860 $3,144
2021 $7,490 $27,611 $885 $2,849
2020 $6,543 $24,872 $845 $2,719
2019 $6,838 $22,302 $844 $2,704
2018 $6,360 $20,026 $846 $2,640
2017 $5,786 $18,414 $779 $2,501
2016 $5,040 $17,832 $844 $2,635
2015 $5,967 $18,134 $965 $2,560
2014 $8,341 $19,038 $1,118 $2,762
2013 $7,998 $19,014 $1,117 $2,701
2012 $6,953 $18,115 $938 $2,317
2011 $6,528 $16,563 $761 $2,043
2010 $6,035 $15,339 $685 $1,900
2009 $5,352 $14,034 $653 $1,814
2008 $6,376 $13,886 $705 $1,824
2007 $4,735 $12,320 $632 $1,770
2006 $3,848 $10,995 $580 $1,698
2005 $3,126 $9,637 $463 $1,615
2004 $2,378 $8,483 $418 $1,541
2003 $1,820 $7,362 $414 $1,458
2002 $1,479 $6,697 $389 $1,360
2001 $1,244 $6,238 $358 $1,121
2000 $1,276 $5,796 $143.7 $1,242
1999 $1,211 $5,331 $155 $1,167
1998 $1,511 $5,061 $156.5 $1,180
1997 $1,396 $4,596 $199.9 $1,157
1996 $1,427 $4,039 $224.3 $1,225
1995 $1,371 $3,846 $208.4 $1,187
1994 $1,460 $4,190 $218.5 $1,266
1993 $1,590 $4,641 $185 $1,269
1992 $1,658 $4,917 $163.2 $1,220
1991 $1,805 $5,330 $183.7 $1,445
1990 $1,707 $5,220 $154.8 $1,382
1989 - - $231.3 -
1988 - - $268.2 -
1987 - - $172.4 -
1986 - - $131.5 -
1985 - - $235.5 -
1984 - - $306 -
1983 - - $285.8 -
1982 - - $380 -
1981 - - $334 -
1980 - - $336 -
1979 - - $346 -
1978 - - $305 -
1977 - - $224.2 -
1976 - - $196.4 -
1975 - - $228.4 -
1974 - - $222.1 -
1973 - - $200.6 -
1972 - - $165.4 -
1971 - - $151.8 -
1970 - - $160.2 -
1969 - - $153.6 -
1968 - - $126.3 -
1967 - - $136.1 -
1966 - - $149.3 -
1965 - - $145.6 -
1964 - - $153.4 -
1963 - - $146.3 -
1962 - - $146.3 -
1961 - - $142.3 -
1960 - - $142 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/sierra-leone | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Belarus Sierra Leone
Gross domestic product
$76B
2024
$6.97B
2024
GDP rank
83/197
2024
160/197
2024
GDP growth
4.01%
2023-2024
4.29%
2023-2024
GDP per capita
$8,318
2024
$807
2024
GDP per capita rank
92/197
2024
186/197
2024
GDP per capita, PPP
$33,010
2024
$3,522
2024
GDP per capita PPP rank
68/197
2024
171/197
2024
Government debt
$30.3B
2024
$2.91B
2024
Debt-to-GDP ratio
39.9%
2024
41.7%
2024
Government debt per person
$3,318
2024
$337
2024
Government debt per person rank
97/185
2024
174/185
2024
Average annual personal income after taxes
$7,345
2026
$2,915
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
29.4%
2018
Income share by poorest 10%
4.5%
2020
3.4%
2018
Government expenditure, % of GDP
40.9%
2024
15.6%
2024
Consumer prices inflation
5.7%
2023-2024
28.4%
2023-2024
Central bank interest rate
9.75%
2025
18.8%
2025
Unemployment rate
3.04%
2024
3.19%
2018
Population
9013835
9049533

Spending and national debt comparison by year

Belarus
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Belarus Sierra Leone
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 15.6% 41.7%
2023 40.3% 40.7% 15.4% 49.5%
2022 38% 40.8% 16.7% 54%
2021 36.7% 41.2% 16.8% 47.1%
2020 38% 47.5% 15.6% 46.4%
2019 37.4% 41% 13.3% 45.3%
2018 37.8% 47.5% 13.7% 44.2%
2017 39% 53.2% 15% 44.2%
2016 40.7% 53.5% 14.9% 38.9%
2015 41.8% 53% 13.1% 28.4%
2014 38.8% 38.8% 13.5% 26.8%
2013 40.8% 36.9% 11.4% 22.3%
2012 38.9% 36.9% 13.5% 24.1%
2011 40.3% 58.2% 13.2% 25.8%
2010 44.3% 36.8% 12.5% 28.9%
2009 51.7% 32.5% 11.3% 31.1%
2008 60% 20.3% 10.3% 46.1%
2007 49.2% 15.8% 8.1% 26.4%
2006 47.2% 12.3% 9.97% 61.9%
2005 45% 8.12% 10.9% 78.9%
2004 44% 9.22% 11.1% 93.2%
2003 43.5% - 11.7% 99.8%
2002 43.8% - 12.6% 99.8%
2001 42.4% - 12% 113.5%
2000 - - 10.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/sierra-leone | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 41.7% in Sierra Leone, ranking 133/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Belarus Sierra Leone
2024 1.05% -4.53%
2023 0.76% -4.99%
2022 -1.98% -5.93%
2021 -0.22% -4.35%
2020 -2.87% -3.5%
2019 0.91% -1.95%
2018 1.8% -3.57%
2017 -0.34% -5.61%
2016 -1.66% -5.41%
2015 -2.96% -2.86%
2014 0.09% -2.77%
2013 -0.98% -1.74%
2012 0.36% -3.41%
2011 -2.81% -2.78%
2010 -4.19% -3.09%
2009 -7.23% -1.51%
2008 -10.9% -2.22%
2007 -7.82% 12.6%
2006 -7.71% -0.93%
2005 -6.71% -1.17%
2004 -7.06% -1.46%
2003 -6.74% -2.78%
2002 -7.81% -3.03%
2001 -4.74% -3.22%
2000 - -1.94%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/sierra-leone | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Sierra Leone ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 2.51% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Belarus

Sierra Leone
1x
Year Consumer prices inflation
Belarus Sierra Leone
2024 5.7% 28.4%
2023 5% 47.7%
2022 15.2% 27.2%
2021 9.5% 11.9%
2020 5.5% 13.4%
2019 5.6% 14.8%
2018 4.9% 16%
2017 6% 18.2%
2016 11.8% 10.9%
2015 13.5% 6.7%
2014 18.1% 4.6%
2013 18.3% 5.5%
2012 59.2% 6.6%
2011 53.2% 6.8%
2010 7.7% 7.2%
2009 13% 7.5%
2008 14.8% 8.2%
2007 8.4% 17%
2006 7% 10.5%
2005 10.3% 13.7%
2004 18.1% 12.9%
2003 28.4% 4%
2002 42.6% 0.1%
2001 61.1% 2.6%
2000 168.6% -0.9%
1999 293.7% 34.1%
1998 73% 36%
1997 63.8% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/sierra-leone | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 13.8% in Sierra Leone. In 2024, inflation was 5.7% in Belarus and 28.4% in Sierra Leone.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $499K
Transport & tourism services $232K
Machinery & equipment $170K
IT & IP services $82K
Animal & marine products $35K
Business & finance services $9K
Government & miscellaneous services $1K
Sierra Leone
Export category Export value

Balance of trade

Belarus Sierra Leone
Current account balance
-$1.94B
2024
-$606M
2023
Current account balance ranking
142/190
2024
109/190
2023
Current account balance, % of GDP
-2.56%
2024
-9.45%
2023
Goods imports
$44.2B
2024
$1.92B
2023
Goods exports
$39.5B
2024
$1.34B
2023
Service imports
$6.82B
2024
$348M
2023
Service exports
$10.1B
2024
$42.5M
2023
Imports of goods and services, % of GDP
66.9%
2024
23.3%
2024
Exports of goods and services, % of GDP
65.1%
2024
17.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Sierra Leone
Economic freedom 49.1 49.6
Economic freedom ranking 166/197 165/197
Property rights 20 32.9
Government integrity 28.3 35.8
Judicial effectiveness 11.5 42
Tax burden 93.5 88.2
Government spending 52.6 92.4
Fiscal health 96.8 54.1
Business freedom 50.3 44.8
Labor freedom 48 38.2
Monetary freedom 69 53.6
Trade freedom 69.2 63.6
Investment freedom 30 30
Financial freedom 20 20

Economic freedom comparison by year

Belarus
Sierra Leone
1x
Year Economic freedom index
Belarus Sierra Leone
2026 49.1 49.6
2025 48.9 48
2024 48.4 44.6
2023 51 50.2
2022 53 52
2021 61 51.7
2020 61.7 48
2019 57.9 47.5
2018 58.1 51.8
2017 58.6 52.6
2016 48.8 52.3
2015 49.8 51.7
2014 50.1 50.5
2013 48 48.3
2012 49 49.1
2011 47.9 49.6
2010 48.7 47.9
2009 45 47.8
2008 45.3 48.3
2007 47 47
2006 47.5 45.2
2005 46.7 44.8
2004 43.1 43.6
2003 39.7 42.2
2002 39 -
2001 38 -
2000 41.3 44.2
1999 35.4 47.2
1998 38 47.7
1997 39.8 45
1996 38.7 52.3
1995 40.4 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/sierra-leone | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Sierra Leone
Services, % of GDP
49.7%
2024
42.6%
2024
Industry, % of GDP
30.7%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
29.2%
2024
GNI, Atlas method
$75.4B
2024
$7.08B
2024
GNI per capita, PPP
$32,300
2024
$3,490
2024
Total reserves including gold
$8.91B
2024
$433M
2024
Total reserves ranking
82/177
2024
160/177
2024
Net foreign direct investment
-$1.57B
2024
-$241M
2023
Net inflows of foreign direct investment
$1.74B
2024
$122M
2024
Net outflows of foreign direct investment
$170M
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
2.22%
2024
Poverty at national poverty lines
3.9%
2022
56.8%
2018
Gross capital formation, % of GDP
25.8%
2024
20.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/sierra-leone | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2021, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.