Skip to content

Economy of El Salvador vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $6.97B for Sierra Leone, ranking 105/197 and 160/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

El Salvador vs Sierra Leone GDP by year

El Salvador
Sierra Leone
1x
Year GDP, current $
El Salvador Sierra Leone
2024 $35,364,960,000 $6,971,127,235
2023 $33,853,940,000 $6,415,852,767
2022 $31,870,120,000 $7,121,125,278
2021 $29,043,140,000 $7,166,931,485
2020 $24,921,190,000 $6,688,307,703
2019 $26,881,140,000 $6,523,577,594
2018 $26,020,850,000 $6,390,514,689
2017 $24,979,190,000 $5,749,846,528
2016 $24,191,430,000 $6,084,297,211
2015 $23,438,240,000 $6,788,352,975
2014 $22,593,470,000 $7,686,138,791
2013 $21,990,960,000 $7,502,762,863
2012 $21,386,150,000 $6,141,666,509
2011 $20,283,780,000 $4,861,632,885
2010 $18,447,920,000 $4,262,805,967
2009 $17,601,620,000 $3,953,403,098
2008 $17,986,890,000 $4,157,895,298
2007 $17,011,750,000 $3,632,957,611
2006 $15,999,890,000 $3,263,697,467
2005 $14,698,000,000 $2,545,275,313
2004 $13,724,810,900 $2,237,350,687
2003 $13,243,892,200 $2,142,618,046
2002 $12,664,190,300 $1,933,863,911
2001 $12,282,533,600 $1,681,473,894
2000 $11,784,927,700 $635,866,404
1999 $11,284,197,000 $669,386,624
1998 $10,936,669,900 $672,368,187
1997 $10,221,705,900 $850,232,760
1996 $9,586,327,800 $941,709,423
1995 $8,921,947,100 $870,740,292
1994 $7,679,384,000 $911,853,802
1993 $6,680,269,200 $768,867,883
1992 $5,813,399,300 $679,940,814
1991 $5,252,342,400 $779,981,987
1990 $4,817,542,204 $649,644,098
1989 $4,372,215,300 $932,974,420
1988 $4,189,880,000 $1,055,083,933
1987 $3,958,045,800 $660,106,336
1986 $3,771,663,200 $490,181,457
1985 $3,800,368,600 $856,890,459
1984 $3,661,683,400 $1,087,471,862
1983 $3,506,347,800 $995,104,305
1982 $3,399,189,100 $1,295,361,886
1981 $3,437,200,200 $1,114,830,472
1980 $3,573,959,900 $1,100,685,845
1979 $3,463,639,900 $1,109,374,911
1978 $3,127,960,000 $960,728,339
1977 $2,941,640,100 $691,777,584
1976 $2,328,280,100 $594,895,942
1975 $1,884,120,100 $679,336,344
1974 $1,665,880,000 $648,590,643
1973 $1,442,320,000 $575,230,724
1972 $1,263,720,000 $465,381,340
1971 $1,186,120,000 $419,549,305
1970 $1,132,920,000 $434,410,974
1969 $1,049,400,000 $408,690,163
1968 $1,009,760,100 $329,859,732
1967 $976,200,000 $348,795,303
1966 $929,520,000 $375,479,850
1965 $877,720,000 $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/el-salvador/sierra-leone | CC BY

GDP per capita in El Salvador vs Sierra Leone by year

El Salvador
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $807 $3,522
2023 $5,365 $12,680 $758 $3,368
2022 $5,075 $11,876 $860 $3,144
2021 $4,643 $10,810 $885 $2,849
2020 $3,997 $9,393 $845 $2,719
2019 $4,320 $9,757 $844 $2,704
2018 $4,184 $9,204 $846 $2,640
2017 $4,020 $8,965 $779 $2,501
2016 $3,901 $8,456 $844 $2,635
2015 $3,790 $7,934 $965 $2,560
2014 $3,666 $7,504 $1,118 $2,762
2013 $3,582 $7,093 $1,117 $2,701
2012 $3,498 $6,708 $938 $2,317
2011 $3,331 $6,594 $761 $2,043
2010 $3,040 $6,248 $685 $1,900
2009 $2,910 $6,063 $653 $1,814
2008 $2,983 $6,175 $705 $1,824
2007 $2,831 $5,949 $632 $1,770
2006 $2,666 $5,695 $580 $1,698
2005 $2,447 $5,292 $463 $1,615
2004 $2,286 $4,998 $418 $1,541
2003 $2,208 $4,829 $414 $1,458
2002 $2,115 $4,672 $389 $1,360
2001 $2,058 $4,543 $358 $1,121
2000 $1,983 $4,422 $143.7 $1,242
1999 $1,908 $4,298 $155 $1,167
1998 $1,860 $4,171 $156.5 $1,180
1997 $1,749 $4,043 $199.9 $1,157
1996 $1,651 $3,880 $224.3 $1,225
1995 $1,548 $3,808 $208.4 $1,187
1994 $1,344 $3,591 $218.5 $1,266
1993 $1,180 $3,390 $185 $1,269
1992 $1,041 $3,171 $163.2 $1,220
1991 $956 $2,945 $183.7 $1,445
1990 $892 $2,856 $154.8 $1,382
1989 $825 - $231.3 -
1988 $806 - $268.2 -
1987 $777 - $172.4 -
1986 $755 - $131.5 -
1985 $776 - $235.5 -
1984 $763 - $306 -
1983 $745 - $285.8 -
1982 $735 - $380 -
1981 $752 - $334 -
1980 $787 - $336 -
1979 $773 - $346 -
1978 $712 - $305 -
1977 $684 - $224.2 -
1976 $553 - $196.4 -
1975 $457 - $228.4 -
1974 $413 - $222.1 -
1973 $366 - $200.6 -
1972 $329 - $165.4 -
1971 $316 - $151.8 -
1970 $309 - $160.2 -
1969 $293.4 - $153.6 -
1968 $290.1 - $126.3 -
1967 $288.4 - $136.1 -
1966 $282.4 - $149.3 -
1965 $274.3 - $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/el-salvador/sierra-leone | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Sierra Leone ranks 171st at $3,522.

Economic indicators

El Salvador Sierra Leone
Gross domestic product
$35.4B
2024
$6.97B
2024
GDP rank
105/197
2024
160/197
2024
GDP growth
2.6%
2023-2024
4.29%
2023-2024
GDP per capita
$5,580
2024
$807
2024
GDP per capita rank
116/197
2024
186/197
2024
GDP per capita, PPP
$13,264
2024
$3,522
2024
GDP per capita PPP rank
120/197
2024
171/197
2024
Government debt
$30.9B
2024
$2.91B
2024
Debt-to-GDP ratio
87.5%
2024
41.7%
2024
Government debt per person
$4,883
2024
$337
2024
Government debt per person rank
81/185
2024
174/185
2024
Average annual personal income after taxes
$4,768
2026
$2,915
2026
Income share by richest 10%
29.7%
2023
29.4%
2018
Income share by poorest 10%
1.9%
2023
3.4%
2018
Government expenditure, % of GDP
31.4%
2024
15.6%
2024
Consumer prices inflation
0.85%
2023-2024
28.4%
2023-2024
Central bank interest rate n/a
18.8%
2025
Unemployment rate
2.71%
2024
3.19%
2018
Population
6399793
9049533

Spending and national debt comparison by year

El Salvador
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
El Salvador Sierra Leone
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 15.6% 41.7%
2023 30.5% 85.1% 15.4% 49.5%
2022 28.7% 83.7% 16.7% 54%
2021 31.1% 88% 16.8% 47.1%
2020 32.7% 95.4% 15.6% 46.4%
2019 27.8% 77.9% 13.3% 45.3%
2018 27.6% 77% 13.7% 44.2%
2017 28.1% 77.1% 15% 44.2%
2016 27.5% 75.2% 14.9% 38.9%
2015 27.1% 73.5% 13.1% 28.4%
2014 27.6% 71.8% 13.5% 26.8%
2013 28.5% 69.7% 11.4% 22.3%
2012 27.4% 70% 13.5% 24.1%
2011 25.3% 65.6% 13.2% 25.8%
2010 25.6% 66.8% 12.5% 28.9%
2009 26% 65.8% 11.3% 31.1%
2008 24.5% 54.2% 10.3% 46.1%
2007 22.8% 52.2% 8.1% 26.4%
2006 23.4% 52.6% 9.97% 61.9%
2005 22.4% 46.3% 10.9% 78.9%
2004 21.5% 46.8% 11.1% 93.2%
2003 22.6% 46% 11.7% 99.8%
2002 22.5% 43.8% 12.6% 99.8%
2001 21.7% 37.8% 12% 113.5%
2000 21% 29.6% 10.3% -
1999 19.7% 28% - -
1998 19.3% 25.7% - -
1997 18.6% 27.8% - -
1996 21% 28.5% - -
1995 18.6% 28% - -
1994 18.9% 30.5% - -
1993 18.5% 31.9% - -
1992 20.8% 36.4% - -
1991 18.5% 43.3% - -
1990 15.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/sierra-leone | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 41.7% in Sierra Leone, ranking 36/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Sierra Leone
1x
Year Deficit/surplus, % of GDP
El Salvador Sierra Leone
2024 -4.55% -4.53%
2023 -4.69% -4.99%
2022 -2.68% -5.93%
2021 -5.53% -4.35%
2020 -8.18% -3.5%
2019 -3.07% -1.95%
2018 -2.71% -3.57%
2017 -2.53% -5.61%
2016 -3.1% -5.41%
2015 -3.63% -2.86%
2014 -4.02% -2.77%
2013 -4.46% -1.74%
2012 -3.81% -3.41%
2011 -4.47% -2.78%
2010 -4.97% -3.09%
2009 -6.65% -1.51%
2008 -3.8% -2.22%
2007 -2.32% 12.6%
2006 -3.42% -0.93%
2005 -3.47% -1.17%
2004 -2.76% -1.46%
2003 -4.23% -2.78%
2002 -5.5% -3.03%
2001 -4.95% -3.22%
2000 -3.45% -1.94%
1999 -3.08% -
1998 -2.94% -
1997 -1.97% -
1996 -2.7% -
1995 -0.18% -
1994 -0.94% -
1993 -1.42% -
1992 -4.29% -
1991 -2.3% -
1990 -0.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/sierra-leone | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, El Salvador recorded a fiscal deficit in 25 of those years, while Sierra Leone ran a deficit in 24 years. On average, El Salvador posted an annual deficit equal to 4.12% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
El Salvador

Sierra Leone
1x
Year Consumer prices inflation
El Salvador Sierra Leone
2024 0.85% 28.4%
2023 4.05% 47.7%
2022 7.2% 27.2%
2021 3.47% 11.9%
2020 -0.37% 13.4%
2019 0.08% 14.8%
2018 1.09% 16%
2017 1.01% 18.2%
2016 0.6% 10.9%
2015 -0.73% 6.7%
2014 1.14% 4.6%
2013 0.76% 5.5%
2012 1.73% 6.6%
2011 5.13% 6.8%
2010 1.18% 7.2%
2009 1.06% 7.5%
2008 6.71% 8.2%
2007 4.58% 17%
2006 4.04% 10.5%
2005 4.69% 13.7%
2004 4.45% 12.9%
2003 2.12% 4%
2002 1.87% 0.1%
2001 3.75% 2.6%
2000 2.27% -0.9%
1999 0.51% 34.1%
1998 2.55% 36%
1997 4.49% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/sierra-leone | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 13.8% in Sierra Leone. In 2024, inflation was 0.85% in El Salvador and 28.4% in Sierra Leone.

Balance of trade

El Salvador Sierra Leone
Current account balance
-$633M
2024
-$606M
2023
Current account balance ranking
110/190
2024
109/190
2023
Current account balance, % of GDP
-1.79%
2024
-9.45%
2023
Goods imports
$15.1B
2024
$1.92B
2023
Goods exports
$5.59B
2024
$1.34B
2023
Service imports
$3.26B
2024
$348M
2023
Service exports
$6B
2024
$42.5M
2023
Imports of goods and services, % of GDP
51.9%
2024
23.3%
2024
Exports of goods and services, % of GDP
32.8%
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.

El Salvador Sierra Leone
Economic freedom 57.7 49.6
Economic freedom ranking 114/197 165/197
Property rights 42.7 32.9
Government integrity 31.5 35.8
Judicial effectiveness 15.3 42
Tax burden 76.8 88.2
Government spending 72.7 92.4
Fiscal health 59.4 54.1
Business freedom 65.7 44.8
Labor freedom 51.6 38.2
Monetary freedom 70.6 53.6
Trade freedom 76.4 63.6
Investment freedom 70 30
Financial freedom 60 20

Economic freedom comparison by year

El Salvador
Sierra Leone
1x
Year Economic freedom index
El Salvador Sierra Leone
2026 57.7 49.6
2025 56.6 48
2024 54.4 44.6
2023 56 50.2
2022 59.6 52
2021 61 51.7
2020 61.6 48
2019 61.8 47.5
2018 63.2 51.8
2017 64.1 52.6
2016 65.1 52.3
2015 65.7 51.7
2014 66.2 50.5
2013 66.7 48.3
2012 68.7 49.1
2011 68.8 49.6
2010 69.9 47.9
2009 69.8 47.8
2008 68.5 48.3
2007 68.9 47
2006 69.6 45.2
2005 71.5 44.8
2004 71.2 43.6
2003 71.5 42.2
2002 73 -
2001 73 -
2000 76.3 44.2
1999 75.1 47.2
1998 70.2 47.7
1997 70.5 45
1996 70.1 52.3
1995 69.1 49.8

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

GeoRank.org/economy/el-salvador/sierra-leone | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, 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

El Salvador Sierra Leone
Services, % of GDP
61%
2024
42.6%
2024
Industry, % of GDP
22.4%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
29.2%
2024
GNI, Atlas method
$32.5B
2024
$7.08B
2024
GNI per capita, PPP
$12,420
2024
$3,490
2024
Total reserves including gold
$3.7B
2024
$433M
2024
Total reserves ranking
110/177
2024
160/177
2024
Net foreign direct investment
-$636M
2024
-$241M
2023
Net inflows of foreign direct investment
$924M
2024
$122M
2024
Net outflows of foreign direct investment
$288M
2024
$0
2024
Servicing debt to the IMF, % of GNI
35%
2024
2.22%
2024
Poverty at national poverty lines
27.2%
2023
56.8%
2018
Gross capital formation, % of GDP
20.3%
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/el-salvador/sierra-leone | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.