Iceland vs Sierra Leone: Economic Indicators Comparison

Iceland with a GDP of $25.9B ranked the 108th largest economy in the world, while Sierra Leone ranked 161st with $4.1B. By GDP 5-years average growth and GDP per capita, Iceland and Sierra Leone ranked 47th vs 170th and 8th vs 189th, respectively.

Gross Domestic Product & Income

StatIcelandSierra Leone
GDP$25.9B$4.1B
GDP growth, 1 year4.6%3.7%
GDP growth, 5-years average4.5%-0.4%
Population357k7.6M
GDP per capita$73k$534
GDP per capita growth1.6%1.26%
Purchasing Power Parity conversion factor138.332643.88
Price level ratio of PPP conversion factor GDP to market exchange rate1.280.33
GDP per capita, PPP adjusted$56k$1.6k
GNI, Atlas method$24B$3.7B
GNI per capita$68k$490
GNI, PPP adjusted$19.5B$11.4B
GNI per capita, PPP adjusted$55k$1.5k

Financial system and Human development

StatIcelandSierra Leone
Income Tax Rate31.8%15%
Corporate Tax Rate20%30%
Inflation, consumer prices2.7%16.9%
Inflation, GDP deflator2.4%13.4%
Unemployment2.9%4.3%
Economic Freedom Index77.148
Personal Freedom Index9.276.55
Human Freedom Index8.226.24
Property Rights Index87.640.7
Judical Effectiveness Index63.239.4
Business Freedom Index84.750.1
Fiscal Health Index97.59.8
Labor Freedom Index63.529.7
Investment Freedom Index8560
Financial Freedom Index7020
Trade Freedom Index86.869.4
Monetary Freedom Index80.364.2
Government Spending Index44.183.5
Tax Burden Index71.787.5
Government Integrity Index90.321.8
Corruption Perceptions Index7630
Life expectancy at birth, years82.253.9
Suicide mortality rate, per 100,000 people149.7
Mortality caused by road traffic injury, per 100,000 people6.627.3
Intentional homicides, per 100,000 people0.91.7
International tourism, number of arrivals2.3M57k

Government debt & reserves

StatIcelandSierra Leone
Central government debt, % of GDP35.4%71.3%
External debt stocks, % of GNIN/A45.1%
External debt stocksN/A$1.7B
Short-term debt, % of total reservesN/A37.5%
Total debt service, % of exports and primary incomeN/A7.2%
Adjusted net savings including particulate emission damage, % of GNI16.6%-33.5%
Gross savings, % of GDP21.2%-7.3%
Gross capital formation, % of GDP22.6%13.6%
Total reserves including gold$6.3B$502.6M
Foreign direct investment net inflows-$434.6M$217.8M

Exports, imports and economic structure

StatIcelandSierra Leone
Exports of goods and services, % of GDP47.2%17.5%
Imports of goods and services, % of GDP44.1%39.2%
Current account balance (balance of payments)$731.3M-$646.1M
Revenue excluding grants, % of GDP31%N/A
Grants excluding technical cooperation, BoPN/A$375.1M
Personal remittances received$168.9M$62.1M
Industry including construction value added, % of GDP19.6%5.3%
Agriculture, forestry and fishing value added, % of GDP4.6%58.9%
Charges for the use of intellectual property, payments BoP$143.4M$892k
Charges for the use of intellectual property, receipts BoP$241.7M$5.8M
Expense, % of GDP30.8%N/A
Government Expenditure, % of GDP43.2%23.4%

Compare with countries close by GDP per capita

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Sierra Leone vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M