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Economy of Russia vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Russia has a GDP of $2.17T compared to $6.97B for Sierra Leone, ranking 11/197 and 160/197 by economy size, respectively.

Russia has $440B in government debt (20.3% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Russia vs Sierra Leone GDP by year

Russia
Sierra Leone
1x
Year GDP, current $
Russia Sierra Leone
2024 $2,173,835,806,672 $6,971,127,235
2023 $2,071,505,725,031 $6,415,852,767
2022 $2,291,612,121,335 $7,121,125,278
2021 $1,829,186,719,575 $7,166,931,485
2020 $1,493,075,894,362 $6,688,307,703
2019 $1,693,115,002,708 $6,523,577,594
2018 $1,657,328,773,461 $6,390,514,689
2017 $1,574,199,360,089 $5,749,846,528
2016 $1,276,786,350,881 $6,084,297,211
2015 $1,363,482,182,198 $6,788,352,975
2014 $2,059,241,589,895 $7,686,138,791
2013 $2,292,470,078,346 $7,502,762,863
2012 $2,208,293,553,878 $6,141,666,509
2011 $2,045,922,753,398 $4,861,632,885
2010 $1,524,916,715,224 $4,262,805,967
2009 $1,222,645,900,056 $3,953,403,098
2008 $1,660,848,058,303 $4,157,895,298
2007 $1,299,703,478,482 $3,632,957,611
2006 $989,932,071,353 $3,263,697,467
2005 $764,015,973,481 $2,545,275,313
2004 $591,016,690,732 $2,237,350,687
2003 $430,347,420,185 $2,142,618,046
2002 $345,470,494,418 $1,933,863,911
2001 $306,602,070,621 $1,681,473,894
2000 $259,710,142,197 $635,866,404
1999 $195,907,128,351 $669,386,624
1998 $270,955,486,862 $672,368,187
1997 $404,928,954,192 $850,232,760
1996 $391,724,890,744 $941,709,423
1995 $395,537,185,735 $870,740,292
1994 $395,077,301,248 $911,853,802
1993 $435,083,713,851 $768,867,883
1992 $460,290,556,901 $679,940,814
1991 $517,962,962,963 $779,981,987
1990 $517,014,446,228 $649,644,098
1989 $506,631,299,735 $932,974,420
1988 $554,828,660,436 $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/russia/sierra-leone | CC BY

GDP per capita in Russia vs Sierra Leone by year

Russia
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $15,145 $47,405 $807 $3,522
2023 $14,403 $44,269 $758 $3,368
2022 $15,888 $40,939 $860 $3,144
2021 $12,637 $38,638 $885 $2,849
2020 $10,280 $31,491 $845 $2,719
2019 $11,640 $30,964 $844 $2,704
2018 $11,399 $28,629 $846 $2,640
2017 $10,835 $25,778 $779 $2,501
2016 $8,804 $24,012 $844 $2,635
2015 $9,427 $23,994 $965 $2,560
2014 $14,277 $25,688 $1,118 $2,762
2013 $15,941 $26,020 $1,117 $2,701
2012 $15,402 $24,274 $938 $2,317
2011 $14,305 $22,790 $761 $2,043
2010 $10,675 $20,490 $685 $1,900
2009 $8,563 $19,390 $653 $1,814
2008 $11,635 $20,164 $705 $1,824
2007 $9,101 $16,648 $632 $1,770
2006 $6,920 $14,912 $580 $1,698
2005 $5,323 $11,822 $463 $1,615
2004 $4,102 $10,227 $418 $1,541
2003 $2,975 $9,255 $414 $1,458
2002 $2,378 $8,037 $389 $1,360
2001 $2,100 $7,361 $358 $1,121
2000 $1,772 $6,825 $143.7 $1,242
1999 $1,331 $5,914 $155 $1,167
1998 $1,835 $5,465 $156.5 $1,180
1997 $2,738 $5,700 $199.9 $1,157
1996 $2,644 $5,518 $224.3 $1,225
1995 $2,666 $5,613 $208.4 $1,187
1994 $2,662 $5,734 $218.5 $1,266
1993 $2,931 $6,420 $185 $1,269
1992 $3,099 $6,862 $163.2 $1,220
1991 $3,490 $7,858 $183.7 $1,445
1990 $3,494 $8,028 $154.8 $1,382
1989 $3,430 - $231.3 -
1988 $3,778 - $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/russia/sierra-leone | CC BY

Russia's GDP per capita is $15,145, ranking 68/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,405, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Russia Sierra Leone
Gross domestic product
$2.17T
2024
$6.97B
2024
GDP rank
11/197
2024
160/197
2024
GDP growth
4.34%
2023-2024
4.29%
2023-2024
GDP per capita
$15,145
2024
$807
2024
GDP per capita rank
68/197
2024
186/197
2024
GDP per capita, PPP
$47,405
2024
$3,522
2024
GDP per capita PPP rank
50/197
2024
171/197
2024
Government debt
$440B
2024
$2.91B
2024
Debt-to-GDP ratio
20.3%
2024
41.7%
2024
Government debt per person
$3,067
2024
$337
2024
Government debt per person rank
98/185
2024
174/185
2024
Average annual personal income after taxes
$10,464
2026
$2,915
2026
Market capitalization of domestic companies
$650B
2023
n/a
Number of millionaires
426,000
2025
n/a
Number of billionaires
140
2025
n/a
Income share by richest 10%
25.1%
2023
29.4%
2018
Income share by poorest 10%
3.1%
2023
3.4%
2018
Government expenditure, % of GDP
36.9%
2024
15.6%
2024
Consumer prices inflation
8.4%
2023-2024
28.4%
2023-2024
Central bank interest rate
16%
2025
18.8%
2025
Unemployment rate
2.43%
2024
3.19%
2018
Population
141906741
9049533

Spending and national debt comparison by year

Russia
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Russia Sierra Leone
Government spending Government debt Government spending Government debt
2024 36.9% 20.3% 15.6% 41.7%
2023 35.7% 19.5% 15.4% 49.5%
2022 35.2% 18.5% 16.7% 54%
2021 34.9% 16.5% 16.8% 47.1%
2020 39.2% 19.2% 15.6% 46.4%
2019 33.8% 13.7% 13.3% 45.3%
2018 32.6% 13.6% 13.7% 44.2%
2017 34.8% 14.3% 15% 44.2%
2016 36.6% 14.8% 14.9% 38.9%
2015 35.3% 15.3% 13.1% 28.4%
2014 34.9% 15.1% 13.5% 26.8%
2013 34.7% 12.3% 11.4% 22.3%
2012 34% 11.2% 13.5% 24.1%
2011 33.3% 10.3% 13.2% 25.8%
2010 35.5% 10.1% 12.5% 28.9%
2009 38.6% 9.92% 11.3% 31.1%
2008 32% 7.45% 10.3% 46.1%
2007 31.9% 8.03% 8.1% 26.4%
2006 29% 9.8% 9.97% 61.9%
2005 29.5% 14.9% 10.9% 78.9%
2004 29.6% 20.8% 11.1% 93.2%
2003 32.6% 28.3% 11.7% 99.8%
2002 33.8% 37.6% 12.6% 99.8%
2001 31.5% 44.4% 12% 113.5%
2000 30.7% 55.9% 10.3% -
1999 34.3% 92.4% - -
1998 39.7% 135.2% - -
1997 - 51.5% - -
1996 - 51.9% - -
1995 - 53.7% - -
1994 - 63.5% - -
1993 - 92.4% - -
1992 - 116% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

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

In 2024, Russia's government spending was $802B, accounting for 36.9% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 20.3% in Russia and 41.7% in Sierra Leone, ranking 175/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Russia Sierra Leone
2024 -1.6% -4.53%
2023 -2.22% -4.99%
2022 -1.34% -5.93%
2021 0.78% -4.35%
2020 -3.99% -3.5%
2019 1.93% -1.95%
2018 2.92% -3.57%
2017 -1.47% -5.61%
2016 -3.67% -5.41%
2015 -3.39% -2.86%
2014 -1.07% -2.77%
2013 -1.16% -1.74%
2012 0.38% -3.41%
2011 1.43% -2.78%
2010 -3.19% -3.09%
2009 -5.89% -1.51%
2008 4.55% -2.22%
2007 5.59% 12.6%
2006 7.8% -0.93%
2005 7.6% -1.17%
2004 4.57% -1.46%
2003 1.35% -2.78%
2002 0.67% -3.03%
2001 2.99% -3.22%
2000 3.11% -1.94%
1999 -3.59% -
1998 -7.42% -
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 0.15% -
1939 0.12% -
1938 0.16% -
1937 0.12% -
1936 0.1% -
1935 0.07% -
1934 0.25% -
1933 0.58% -
1932 0.06% -
1931 -1.12% -
1930 -1.62% -
1929 -0.4% -
1928 -0.4% -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 0.69% -
1911 1.26% -
1910 1.52% -
1909 -0.15% -
1908 -0.83% -
1907 -0.86% -
1906 -3.19% -
1905 -7.72% -
1904 -5.13% -
1903 1.04% -
1902 -1.57% -
1901 0.14% -
1900 -0.36% -
1899 0.66% -
1898 0.03% -
1897 0.34% -
1896 1.3% -
1895 0.7% -
1894 1.43% -
1893 0.63% -
1892 -1.16% -
1891 -0.97% -
1890 0.01% -
1889 1.34% -
1888 0.88% -
1887 0.14% -
1886 -0.84% -
1885 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

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

In 2024, Russia's government deficit, the difference between spending and revenue, was $34.9B, equivalent to 1.6% of GDP. This compares to Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Russia recorded a fiscal deficit in 11 of those years, while Sierra Leone ran a deficit in 24 years. On average, Russia posted an annual surplus equal to 0.67% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Russia

Sierra Leone
1x
Year Consumer prices inflation
Russia Sierra Leone
2024 8.4% 28.4%
2023 5.9% 47.7%
2022 13.7% 27.2%
2021 6.7% 11.9%
2020 3.4% 13.4%
2019 4.5% 14.8%
2018 2.9% 16%
2017 3.7% 18.2%
2016 7% 10.9%
2015 15.5% 6.7%
2014 7.8% 4.6%
2013 6.8% 5.5%
2012 5.1% 6.6%
2011 8.4% 6.8%
2010 6.8% 7.2%
2009 11.6% 7.5%
2008 14.1% 8.2%
2007 9% 17%
2006 9.7% 10.5%
2005 12.7% 13.7%
2004 10.9% 12.9%
2003 13.7% 4%
2002 15.8% 0.1%
2001 21.5% 2.6%
2000 20.8% -0.9%
1999 85.7% 34.1%
1998 27.7% 36%
1997 14.8% 14.6%

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

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

Over the past 28 years, Russia has recorded an average annual inflation rate of 13.4%, compared with 13.8% in Sierra Leone. In 2024, inflation was 8.4% in Russia and 28.4% in Sierra Leone.

Top exports between countries

Russia
Export category Export value
Processed food, beverages & tobacco $1.44M
Raw materials & minerals $210K
IT & IP services $186K
Machinery & equipment $107K
Chemicals & pharma $39K
Business & finance services $23K
Textiles & consumer goods $18K
Raw agricultural goods $15K
Transport & tourism services $14K
Metals $3K
Sierra Leone
Export category Export value

Balance of trade

Russia Sierra Leone
Current account balance
$63.4B
2024
-$606M
2023
Current account balance ranking
12/190
2024
109/190
2023
Current account balance, % of GDP
+2.91%
2024
-9.45%
2023
Goods imports
$302B
2024
$1.92B
2023
Goods exports
$434B
2024
$1.34B
2023
Service imports
$81.5B
2024
$348M
2023
Service exports
$43.1B
2024
$42.5M
2023
Imports of goods and services, % of GDP
17.6%
2024
23.3%
2024
Exports of goods and services, % of GDP
21.9%
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.

Russia Sierra Leone
Economic freedom 50.3 49.6
Economic freedom ranking 161/197 165/197
Property rights 18.6 32.9
Government integrity 22.8 35.8
Judicial effectiveness 22.8 42
Tax burden 81.9 88.2
Government spending 61.3 92.4
Fiscal health 94.4 54.1
Business freedom 51.4 44.8
Labor freedom 59.1 38.2
Monetary freedom 61.8 53.6
Trade freedom 69.4 63.6
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Russia
Sierra Leone
1x
Year Economic freedom index
Russia Sierra Leone
2026 50.3 49.6
2025 51.6 48
2024 52 44.6
2023 53.8 50.2
2022 56.1 52
2021 61.5 51.7
2020 61 48
2019 58.9 47.5
2018 58.2 51.8
2017 57.1 52.6
2016 50.6 52.3
2015 52.1 51.7
2014 51.9 50.5
2013 51.1 48.3
2012 50.5 49.1
2011 50.5 49.6
2010 50.3 47.9
2009 50.8 47.8
2008 49.8 48.3
2007 52.2 47
2006 52.4 45.2
2005 51.3 44.8
2004 52.8 43.6
2003 50.8 42.2
2002 48.7 -
2001 49.8 -
2000 51.8 44.2
1999 54.5 47.2
1998 52.8 47.7
1997 48.6 45
1996 51.6 52.3
1995 51.1 49.8

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

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

The Economic Freedom Index for Russia is 50.3, ranking 161/197, 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

Russia Sierra Leone
Services, % of GDP
57.5%
2024
42.6%
2024
Industry, % of GDP
30.7%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.74%
2024
29.2%
2024
GNI, Atlas method
$2.24T
2024
$7.08B
2024
GNI per capita, PPP
$46,780
2024
$3,490
2024
Total reserves including gold
$597B
2023
$433M
2024
Total reserves ranking
6/177
2023
160/177
2024
Net foreign direct investment
$9.37B
2024
-$241M
2023
Net inflows of foreign direct investment
-$9.35B
2024
$122M
2024
Net outflows of foreign direct investment
-$170M
2024
$0
2024
Servicing debt to the IMF, % of GNI
2.65%
2024
2.22%
2024
Poverty at national poverty lines
12.1%
2020
56.8%
2018
Gross capital formation, % of GDP
26.3%
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/russia/sierra-leone | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, 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 (2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.