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Economy of Israel vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $6.97B for Sierra Leone, ranking 29/197 and 160/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Israel vs Sierra Leone GDP by year

Israel
Sierra Leone
1x
Year GDP, current $
Israel Sierra Leone
2024 $540,379,921,262 $6,971,127,235
2023 $512,184,638,999 $6,415,852,767
2022 $525,181,008,026 $7,121,125,278
2021 $489,851,549,972 $7,166,931,485
2020 $410,768,352,658 $6,688,307,703
2019 $400,645,216,359 $6,523,577,594
2018 $376,299,083,108 $6,390,514,689
2017 $358,451,839,053 $5,749,846,528
2016 $321,940,971,558 $6,084,297,211
2015 $303,469,434,072 $6,788,352,975
2014 $315,017,088,117 $7,686,138,791
2013 $298,478,070,673 $7,502,762,863
2012 $263,589,172,712 $6,141,666,509
2011 $268,094,998,225 $4,861,632,885
2010 $239,679,036,634 $4,262,805,967
2009 $213,403,181,853 $3,953,403,098
2008 $221,231,658,863 $4,157,895,298
2007 $184,681,214,673 $3,632,957,611
2006 $158,900,547,825 $3,263,697,467
2005 $147,519,922,009 $2,545,275,313
2004 $140,047,984,605 $2,237,350,687
2003 $131,408,914,824 $2,142,618,046
2002 $125,332,331,884 $1,933,863,911
2001 $135,002,039,613 $1,681,473,894
2000 $136,512,300,542 $635,866,404
1999 $121,417,185,062 $669,386,624
1998 $120,547,409,279 $672,368,187
1997 $119,459,826,347 $850,232,760
1996 $115,116,595,545 $941,709,423
1995 $105,497,418,059 $870,740,292
1994 $90,740,103,829 $911,853,802
1993 $79,855,877,174 $768,867,883
1992 $79,457,685,757 $679,940,814
1991 $70,998,755,007 $779,981,987
1990 $62,016,729,541 $649,644,098
1989 $52,443,479,454 $932,974,420
1988 $52,650,948,910 $1,055,083,933
1987 $43,049,543,635 $660,106,336
1986 $35,834,154,874 $490,181,457
1985 $28,905,736,367 $856,890,459
1984 $30,645,607,293 $1,087,471,862
1983 $32,675,755,462 $995,104,305
1982 $29,255,285,401 $1,295,361,886
1981 $26,882,009,819 $1,114,830,472
1980 $25,395,256,478 $1,100,685,845
1979 $22,609,741,060 $1,109,374,911
1978 $17,701,286,907 $960,728,339
1977 $18,257,113,904 $691,777,584
1976 $15,956,349,550 $594,895,942
1975 $16,141,767,373 $679,336,344
1974 $17,172,607,138 $648,590,643
1973 $11,902,574,259 $575,230,724
1972 $9,222,557,539 $465,381,340
1971 $7,052,544,000 $419,549,305
1970 $7,406,712,876 $434,410,974
1969 $6,297,852,761 $408,690,163
1968 $5,458,427,928 $329,859,732
1967 $4,762,386,783 $348,795,303
1966 $4,703,300,098 $375,479,850
1965 $4,329,084,429 $359,379,856
1964 $4,024,344,853 $371,847,461
1963 $3,535,949,089 $348,547,279
1962 $2,966,154,031 $342,721,416
1961 $3,708,586,471 $327,834,191
1960 $3,070,585,807 $322,009,962

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

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

GDP per capita in Israel vs Sierra Leone by year

Israel
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $807 $3,522
2023 $52,004 $55,171 $758 $3,368
2022 $54,950 $53,619 $860 $3,144
2021 $52,271 $46,162 $885 $2,849
2020 $44,576 $40,955 $845 $2,719
2019 $44,251 $41,325 $844 $2,704
2018 $42,363 $40,190 $846 $2,640
2017 $41,138 $39,471 $779 $2,501
2016 $37,672 $38,189 $844 $2,635
2015 $36,213 $35,871 $965 $2,560
2014 $38,343 $34,816 $1,118 $2,762
2013 $37,034 $34,827 $1,117 $2,701
2012 $33,321 $32,484 $938 $2,317
2011 $34,523 $31,314 $761 $2,043
2010 $31,439 $29,456 $685 $1,900
2009 $28,508 $28,087 $653 $1,814
2008 $30,269 $28,084 $705 $1,824
2007 $25,721 $28,307 $632 $1,770
2006 $22,527 $26,385 $580 $1,698
2005 $21,287 $25,701 $463 $1,615
2004 $20,568 $26,078 $418 $1,541
2003 $19,643 $24,702 $414 $1,458
2002 $19,076 $26,101 $389 $1,360
2001 $20,966 $25,806 $358 $1,121
2000 $21,707 $25,766 $143.7 $1,242
1999 $19,823 $23,415 $155 $1,167
1998 $20,189 $22,927 $156.5 $1,180
1997 $20,469 $22,279 $199.9 $1,157
1996 $20,224 $21,672 $224.3 $1,225
1995 $19,026 $20,642 $208.4 $1,187
1994 $16,807 $19,478 $218.5 $1,266
1993 $15,179 $18,218 $185 $1,269
1992 $15,510 $17,553 $163.2 $1,220
1991 $14,346 $16,486 $183.7 $1,445
1990 $13,308 $15,721 $154.8 $1,382
1989 $11,608 - $231.3 -
1988 $11,853 - $268.2 -
1987 $9,853 - $172.4 -
1986 $8,335 - $131.5 -
1985 $6,829 - $235.5 -
1984 $7,369 - $306 -
1983 $7,960 - $285.8 -
1982 $7,258 - $380 -
1981 $6,795 - $334 -
1980 $6,549 - $336 -
1979 $5,972 - $346 -
1978 $4,797 - $305 -
1977 $5,053 - $224.2 -
1976 $4,516 - $196.4 -
1975 $4,672 - $228.4 -
1974 $5,085 - $222.1 -
1973 $3,631 - $200.6 -
1972 $2,930 - $165.4 -
1971 $2,298 - $151.8 -
1970 $2,490 - $160.2 -
1969 $2,189 - $153.6 -
1968 $1,947 - $126.3 -
1967 $1,735 - $136.1 -
1966 $1,789 - $149.3 -
1965 $1,689 - $145.6 -
1964 $1,626 - $153.4 -
1963 $1,486 - $146.3 -
1962 $1,294 - $146.3 -
1961 $1,697 - $142.3 -
1960 $1,452 - $142 -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Israel Sierra Leone
Gross domestic product
$540B
2024
$6.97B
2024
GDP rank
29/197
2024
160/197
2024
GDP growth
0.87%
2023-2024
4.29%
2023-2024
GDP per capita
$54,177
2024
$807
2024
GDP per capita rank
21/197
2024
186/197
2024
GDP per capita, PPP
$57,236
2024
$3,522
2024
GDP per capita PPP rank
36/197
2024
171/197
2024
Government debt
$366B
2024
$2.91B
2024
Debt-to-GDP ratio
67.6%
2024
41.7%
2024
Government debt per person
$36,645
2024
$337
2024
Government debt per person rank
18/185
2024
174/185
2024
Average annual personal income after taxes
$43,003
2026
$2,915
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
29.4%
2018
Income share by poorest 10%
2%
2021
3.4%
2018
Government expenditure, % of GDP
43.8%
2024
15.6%
2024
Consumer prices inflation
3.07%
2023-2024
28.4%
2023-2024
Central bank interest rate
4.5%
2024
18.8%
2025
Unemployment rate
2.9%
2024
3.19%
2018
Population
10290887
9049533

Spending and national debt comparison by year

Israel
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Israel Sierra Leone
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 15.6% 41.7%
2023 39.3% 61.3% 15.4% 49.5%
2022 36.9% 60.3% 16.7% 54%
2021 40% 67.7% 16.8% 47.1%
2020 44.8% 71.1% 15.6% 46.4%
2019 38.7% 59.3% 13.3% 45.3%
2018 39.2% 60.1% 13.7% 44.2%
2017 38.3% 59.8% 15% 44.2%
2016 37.9% 61.7% 14.9% 38.9%
2015 37.6% 62.8% 13.1% 28.4%
2014 38.3% 64.9% 13.5% 26.8%
2013 39.7% 66% 11.4% 22.3%
2012 39.6% 66.9% 13.5% 24.1%
2011 39.3% 67.2% 13.2% 25.8%
2010 39.7% 69% 12.5% 28.9%
2009 41.4% 72.6% 11.3% 31.1%
2008 41.2% 70.2% 10.3% 46.1%
2007 40.2% 70.8% 8.1% 26.4%
2006 41.6% 77.7% 9.97% 61.9%
2005 42.3% 85.2% 10.9% 78.9%
2004 43% 88.3% 11.1% 93.2%
2003 45.4% 89.7% 11.7% 99.8%
2002 50% 87.2% 12.6% 99.8%
2001 46.1% 81.1% 12% 113.5%
2000 43.4% 77.2% 10.3% -
1999 53.6% 94.8% - -
1998 55% 101% - -
1997 52.6% 99.3% - -
1996 53.2% 100.3% - -
1995 52.8% 102.3% - -
1994 41.7% 110.2% - -
1993 42.2% 118.3% - -
1992 44.1% 119.6% - -
1991 34.4% 123.7% - -
1990 46.8% 138.3% - -
1989 47.5% 147.4% - -
1988 46.5% 145.4% - -
1987 52.8% 143.2% - -
1986 55.7% 162.5% - -
1985 65.2% 199% - -
1984 - 284% - -
1983 - 260.5% - -
1982 69.7% - - -
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% - -
1978 62.2% 133.6% - -
1977 69.1% 142% - -
1976 66.3% 97.4% - -
1975 62% 85.1% - -
1974 - 79.8% - -
1973 - 62.1% - -
1972 - 63.9% - -
1971 - - - -
1970 41.6% - - -
1969 41.1% - - -
1968 39.4% - - -
1967 33.9% - - -
1966 29.6% - - -
1965 27.8% - - -
1964 28.2% - - -
1963 26.9% - - -
1962 27.7% - - -
1961 30.3% - - -
1960 30.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 41.7% in Sierra Leone, ranking 62/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Israel Sierra Leone
2024 -8.26% -4.53%
2023 -5.06% -4.99%
2022 0.32% -5.93%
2021 -3.37% -4.35%
2020 -10.7% -3.5%
2019 -3.79% -1.95%
2018 -3.56% -3.57%
2017 -1.13% -5.61%
2016 -1.79% -5.41%
2015 -1.21% -2.86%
2014 -2.29% -2.77%
2013 -4.06% -1.74%
2012 -4.46% -3.41%
2011 -3.43% -2.78%
2010 -3.72% -3.09%
2009 -6.53% -1.51%
2008 -3.5% -2.22%
2007 -0.43% 12.6%
2006 -0.95% -0.93%
2005 -2.74% -1.17%
2004 -3.4% -1.46%
2003 -5.03% -2.78%
2002 -8.22% -3.03%
2001 -4.06% -3.22%
2000 -0.8% -1.94%
1999 -6.26% -
1998 -7.99% -
1997 -4.84% -
1996 -5.97% -
1995 -4.28% -
1994 -5.62% -
1993 -5.62% -
1992 -8% -
1991 -7.04% -
1990 -9.67% -
1989 -9.03% -
1988 -7.57% -
1987 -7.47% -
1986 -7.51% -
1985 -14.2% -
1984 - -
1983 - -
1982 -13.8% -
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Israel recorded a fiscal deficit in 24 of those years, while Sierra Leone ran a deficit in 24 years. On average, Israel posted an annual deficit equal to 3.69% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Israel

Sierra Leone
1x
Year Consumer prices inflation
Israel Sierra Leone
2024 3.07% 28.4%
2023 4.23% 47.7%
2022 4.41% 27.2%
2021 1.48% 11.9%
2020 -0.58% 13.4%
2019 0.82% 14.8%
2018 0.81% 16%
2017 0.25% 18.2%
2016 -0.54% 10.9%
2015 -0.62% 6.7%
2014 0.47% 4.6%
2013 1.59% 5.5%
2012 1.68% 6.6%
2011 3.49% 6.8%
2010 2.7% 7.2%
2009 3.37% 7.5%
2008 4.53% 8.2%
2007 0.47% 17%
2006 2.05% 10.5%
2005 1.34% 13.7%
2004 -0.42% 12.9%
2003 0.71% 4%
2002 5.8% 0.1%
2001 1.12% 2.6%
2000 1.03% -0.9%
1999 5.19% 34.1%
1998 5.49% 36%
1997 8.95% 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/israel/sierra-leone | CC BY

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 13.8% in Sierra Leone. In 2024, inflation was 3.07% in Israel and 28.4% in Sierra Leone.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $196K
Metals $156K
Textiles & consumer goods $73K
Chemicals & pharma $27K
Animal & marine products $25K
Raw agricultural goods $7K
Precious metals & jewellery $2K
Sierra Leone
Export category Export value

Balance of trade

Israel Sierra Leone
Current account balance
$15.5B
2024
-$606M
2023
Current account balance ranking
21/190
2024
109/190
2023
Current account balance, % of GDP
+2.86%
2024
-9.45%
2023
Goods imports
$96.3B
2024
$1.92B
2023
Goods exports
$70B
2024
$1.34B
2023
Service imports
$44.4B
2024
$348M
2023
Service exports
$83.7B
2024
$42.5M
2023
Imports of goods and services, % of GDP
26%
2024
23.3%
2024
Exports of goods and services, % of GDP
28.4%
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.

Israel Sierra Leone
Economic freedom 68.4 49.6
Economic freedom ranking 47/197 165/197
Property rights 73.1 32.9
Government integrity 66.2 35.8
Judicial effectiveness 68.1 42
Tax burden 60.2 88.2
Government spending 52 92.4
Fiscal health 60.8 54.1
Business freedom 72.4 44.8
Labor freedom 56.8 38.2
Monetary freedom 78.2 53.6
Trade freedom 82.8 63.6
Investment freedom 70 30
Financial freedom 80 20

Economic freedom comparison by year

Israel
Sierra Leone
1x
Year Economic freedom index
Israel Sierra Leone
2026 68.4 49.6
2025 69.9 48
2024 70.1 44.6
2023 68.9 50.2
2022 68 52
2021 73.8 51.7
2020 74 48
2019 72.8 47.5
2018 72.2 51.8
2017 69.7 52.6
2016 70.7 52.3
2015 70.5 51.7
2014 68.4 50.5
2013 66.9 48.3
2012 67.8 49.1
2011 68.5 49.6
2010 67.7 47.9
2009 67.6 47.8
2008 66.3 48.3
2007 64.8 47
2006 64.4 45.2
2005 62.6 44.8
2004 61.4 43.6
2003 62.7 42.2
2002 66.9 -
2001 66.1 -
2000 65.5 44.2
1999 68.3 47.2
1998 68 47.7
1997 62.7 45
1996 62 52.3
1995 61.5 49.8

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, 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

Israel Sierra Leone
Services, % of GDP
72.5%
2024
42.6%
2024
Industry, % of GDP
17.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
29.2%
2024
GNI, Atlas method
$528B
2024
$7.08B
2024
GNI per capita, PPP
$56,790
2024
$3,490
2024
Total reserves including gold
$215B
2024
$433M
2024
Total reserves ranking
18/177
2024
160/177
2024
Net foreign direct investment
-$4.86B
2024
-$241M
2023
Net inflows of foreign direct investment
$14.8B
2024
$122M
2024
Net outflows of foreign direct investment
$9.92B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines
22%
2020
56.8%
2018
Gross capital formation, % of GDP
23.4%
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/israel/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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.