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Economy of Sierra Leone vs Ukraine compared: GDP & Debt

Updated on by Georank team

Sierra Leone has a GDP of $6.97B compared to $191B for Ukraine, ranking 160/197 and 57/197 by economy size, respectively.

Sierra Leone has $2.91B in government debt (41.7% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Sierra Leone vs Ukraine GDP by year

Sierra Leone
Ukraine
1x
Year GDP, current $
Sierra Leone Ukraine
2024 $6,971,127,235 $190,741,262,415
2023 $6,415,852,767 $181,221,517,869
2022 $7,121,125,278 $161,989,520,721
2021 $7,166,931,485 $199,765,859,571
2020 $6,688,307,703 $156,617,722,013
2019 $6,523,577,594 $153,883,047,510
2018 $6,390,514,689 $130,891,088,294
2017 $5,749,846,528 $112,090,505,082
2016 $6,084,297,211 $93,355,869,404
2015 $6,788,352,975 $91,030,967,789
2014 $7,686,138,791 $133,503,871,862
2013 $7,502,762,863 $190,498,811,460
2012 $6,141,666,509 $182,591,753,828
2011 $4,861,632,885 $169,333,835,202
2010 $4,262,805,967 $141,209,170,427
2009 $3,953,403,098 $121,552,153,444
2008 $4,157,895,298 $188,110,390,660
2007 $3,632,957,611 $148,733,861,386
2006 $3,263,697,467 $111,884,752,475
2005 $2,545,275,313 $89,238,865,119
2004 $2,237,350,687 $67,220,154,164
2003 $2,142,618,046 $52,010,355,753
2002 $1,933,863,911 $43,956,163,612
2001 $1,681,473,894 $39,309,580,983
2000 $635,866,404 $32,375,083,935
1999 $669,386,624 $31,580,639,554
1998 $672,368,187 $41,882,523,345
1997 $850,232,760 $50,151,531,592
1996 $941,709,423 $44,558,831,005
1995 $870,740,292 $48,213,856,469
1994 $911,853,802 $52,549,580,265
1993 $768,867,883 $65,648,559,903
1992 $679,940,814 $73,945,908,384
1991 $779,981,987 $77,350,733,982
1990 $649,644,098 $81,393,558,423
1989 $932,974,420 $82,709,161,099
1988 $1,055,083,933 $74,703,517,903
1987 $660,106,336 $64,087,694,038
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/sierra-leone/ukraine | CC BY

GDP per capita in Sierra Leone vs Ukraine by year

Sierra Leone
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sierra Leone Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $807 $3,522 $5,038 $18,550
2023 $758 $3,368 $4,803 $17,665
2022 $860 $3,144 $3,946 $14,770
2021 $885 $2,849 $4,510 $17,846
2020 $845 $2,719 $3,505 $15,541
2019 $844 $2,704 $3,423 $14,217
2018 $846 $2,640 $2,895 $12,555
2017 $779 $2,501 $2,467 $11,536
2016 $844 $2,635 $2,047 $10,865
2015 $965 $2,560 $1,988 $9,922
2014 $1,118 $2,762 $2,904 $10,494
2013 $1,117 $2,701 $4,130 $10,904
2012 $938 $2,317 $3,951 $9,552
2011 $761 $2,043 $3,657 $9,127
2010 $685 $1,900 $3,040 $8,453
2009 $653 $1,814 $2,607 $7,995
2008 $705 $1,824 $4,018 $9,324
2007 $632 $1,770 $3,160 $8,900
2006 $580 $1,698 $2,366 $7,971
2005 $463 $1,615 $1,875 $7,142
2004 $418 $1,541 $1,401 $6,663
2003 $414 $1,458 $1,076 $5,764
2002 $389 $1,360 $903 $5,123
2001 $358 $1,121 $800 $4,747
2000 $143.7 $1,242 $653 $4,228
1999 $155 $1,167 $632 $3,871
1998 $156.5 $1,180 $831 $3,794
1997 $199.9 $1,157 $987 $3,794
1996 $224.3 $1,225 $870 $3,812
1995 $208.4 $1,187 $933 $4,124
1994 $218.5 $1,266 $1,009 $4,565
1993 $185 $1,269 $1,254 $5,766
1992 $163.2 $1,220 $1,413 $6,568
1991 $183.7 $1,445 $1,483 $7,148
1990 $154.8 $1,382 $1,564 $7,591
1989 $231.3 - $1,593 -
1988 $268.2 - $1,444 -
1987 $172.4 - $1,244 -
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/sierra-leone/ukraine | CC BY

Sierra Leone's GDP per capita is $807, ranking 186/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Sierra Leone ranks 171st at $3,522, while Ukraine ranks 101st at $18,550.

Economic indicators

Sierra Leone Ukraine
Gross domestic product
$6.97B
2024
$191B
2024
GDP rank
160/197
2024
57/197
2024
GDP growth
4.29%
2023-2024
2.91%
2023-2024
GDP per capita
$807
2024
$5,038
2024
GDP per capita rank
186/197
2024
120/197
2024
GDP per capita, PPP
$3,522
2024
$18,550
2024
GDP per capita PPP rank
171/197
2024
101/197
2024
Government debt
$2.91B
2024
$171B
2024
Debt-to-GDP ratio
41.7%
2024
89.7%
2024
Government debt per person
$337
2024
$4,520
2024
Government debt per person rank
174/185
2024
86/185
2024
Average annual personal income after taxes
$2,915
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
29.4%
2018
21.7%
2020
Income share by poorest 10%
3.4%
2018
4.3%
2020
Government expenditure, % of GDP
15.6%
2024
71.3%
2024
Consumer prices inflation
28.4%
2023-2024
6.5%
2023-2024
Central bank interest rate
18.8%
2025
15.5%
2025
Unemployment rate
3.19%
2018
9.83%
2021
Population
9049533
40125599

Spending and national debt comparison by year

Sierra Leone
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Sierra Leone Ukraine
Government spending Government debt Government spending Government debt
2024 15.6% 41.7% 71.3% 89.7%
2023 15.4% 49.5% 73.4% 81.2%
2022 16.7% 54% 65.4% 77.7%
2021 16.8% 47.1% 40.5% 48.9%
2020 15.6% 46.4% 45.6% 60.5%
2019 13.3% 45.3% 41.5% 50.5%
2018 13.7% 44.2% 41.9% 60.4%
2017 15% 44.2% 41.7% 71.6%
2016 14.9% 38.9% 40.8% 79.5%
2015 13.1% 28.4% 43% 79.3%
2014 13.5% 26.8% 44.8% 70.3%
2013 11.4% 22.3% 48.1% 40.5%
2012 13.5% 24.1% 49% 37.5%
2011 13.2% 25.8% 45.7% 36.9%
2010 12.5% 28.9% 49.2% 40.6%
2009 11.3% 31.1% 48.6% 35.4%
2008 10.3% 46.1% 47.1% 20.4%
2007 8.1% 26.4% 43.7% 12.3%
2006 9.97% 61.9% 44.6% 14.8%
2005 10.9% 78.9% 44.2% 17.7%
2004 11.1% 93.2% 41.6% 24.8%
2003 11.7% 99.8% 38.9% 29.4%
2002 12.6% 99.8% 37.9% 33.6%
2001 12% 113.5% 36.7% 36.7%
2000 10.3% - 35.5% 43.8%
1999 - - 25.8% 59%
1998 - - 37.1% 46.5%
1997 - - 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Sierra Leone's government spending was $1.09B, accounting for 15.6% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 41.7% in Sierra Leone and 89.7% in Ukraine, ranking 128/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Sierra Leone

Ukraine
1x
Year Deficit/surplus, % of GDP
Sierra Leone Ukraine
2024 -4.53% -17.2%
2023 -4.99% -19.3%
2022 -5.93% -15.6%
2021 -4.35% -3.97%
2020 -3.5% -5.92%
2019 -1.95% -2.08%
2018 -3.57% -2.12%
2017 -5.61% -2.36%
2016 -5.41% -2.46%
2015 -2.86% -1.16%
2014 -2.77% -4.46%
2013 -1.74% -4.78%
2012 -3.41% -4.31%
2011 -2.78% -2.76%
2010 -3.09% -5.77%
2009 -1.51% -6.27%
2008 -2.22% -3.14%
2007 12.6% -1.97%
2006 -0.93% -1.36%
2005 -1.17% -2.28%
2004 -1.46% -4.41%
2003 -2.78% -0.89%
2002 -3.03% -1.84%
2001 -3.22% -3.03%
2000 -1.94% -3.19%
1999 - 4.95%
1998 - -2.69%
1997 - -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Sierra Leone's government deficit, the difference between spending and revenue, was $316M, equivalent to 4.53% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 25 years, Sierra Leone recorded a fiscal deficit in 24 of those years, while Ukraine ran a deficit in 25 years. On average, Sierra Leone posted an annual deficit equal to 2.49% of GDP, compared to deficit of 4.91% of GDP for Ukraine.

Inflation comparison by year

Inflation
Sierra Leone

Ukraine
1x
Year Consumer prices inflation
Sierra Leone Ukraine
2024 28.4% 6.5%
2023 47.7% 12.9%
2022 27.2% 20.2%
2021 11.9% 9.4%
2020 13.4% 2.7%
2019 14.8% 7.9%
2018 16% 10.9%
2017 18.2% 14.4%
2016 10.9% 13.9%
2015 6.7% 48.7%
2014 4.6% 12.1%
2013 5.5% -0.3%
2012 6.6% 0.6%
2011 6.8% 8%
2010 7.2% 9.4%
2009 7.5% 15.9%
2008 8.2% 25.2%
2007 17% 12.8%
2006 10.5% 9.1%
2005 13.7% 13.5%
2004 12.9% 9%
2003 4% 5.2%
2002 0.1% 0.8%
2001 2.6% 12%
2000 -0.9% 28.2%
1999 34.1% 22.7%
1998 36% 10.6%
1997 14.6% 15.9%

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

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

Over the past 28 years, Sierra Leone has recorded an average annual inflation rate of 13.8%, compared with 12.8% in Ukraine. In 2024, inflation was 28.4% in Sierra Leone and 6.5% in Ukraine.

Top exports between countries

Sierra Leone
Export category Export value
Ukraine
Export category Export value
Animal & marine products $4.54M
Processed food, beverages & tobacco $1.22M
Raw agricultural goods $386K
Metals $89K
Machinery & equipment $53K
Raw materials & minerals $30K
Textiles & consumer goods $23K
Wood & paper products $9K
Chemicals & pharma $6K

Balance of trade

Sierra Leone Ukraine
Current account balance
-$606M
2023
-$15.1B
2024
Current account balance ranking
109/190
2023
179/190
2024
Current account balance, % of GDP
-9.45%
2023
-7.94%
2024
Goods imports
$1.92B
2023
$72.3B
2024
Goods exports
$1.34B
2023
$39.3B
2024
Service imports
$348M
2023
$22.9B
2024
Service exports
$42.5M
2023
$17.3B
2024
Imports of goods and services, % of GDP
23.3%
2024
48.3%
2024
Exports of goods and services, % of GDP
17.3%
2024
29.4%
2024

Economic freedom indices

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

Sierra Leone Ukraine
Economic freedom 49.6 54.1
Economic freedom ranking 165/197 135/197
Property rights 32.9 21.6
Government integrity 35.8 35
Judicial effectiveness 42 28.2
Tax burden 88.2 83.7
Government spending 92.4 0
Fiscal health 54.1 3.9
Business freedom 44.8 57.4
Labor freedom 38.2 46.9
Monetary freedom 53.6 65.7
Trade freedom 63.6 73
Investment freedom 30 35
Financial freedom 20 30

Economic freedom comparison by year

Sierra Leone
Ukraine
1x
Year Economic freedom index
Sierra Leone Ukraine
2026 49.6 -
2025 48 -
2024 44.6 -
2023 50.2 -
2022 52 54.1
2021 51.7 56.2
2020 48 54.9
2019 47.5 52.3
2018 51.8 51.9
2017 52.6 48.1
2016 52.3 46.8
2015 51.7 46.9
2014 50.5 49.3
2013 48.3 46.3
2012 49.1 46.1
2011 49.6 45.8
2010 47.9 46.4
2009 47.8 48.8
2008 48.3 51
2007 47 51.5
2006 45.2 54.4
2005 44.8 55.8
2004 43.6 53.7
2003 42.2 51.1
2002 - 48.2
2001 - 48.5
2000 44.2 47.8
1999 47.2 43.7
1998 47.7 40.4
1997 45 43.5
1996 52.3 40.6
1995 49.8 39.9

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

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

The Economic Freedom Index for Sierra Leone is 49.6, ranking 165/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sierra Leone Ukraine
Services, % of GDP
42.6%
2024
60.6%
2024
Industry, % of GDP
25.6%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
29.2%
2024
7.11%
2024
GNI, Atlas method
$7.08B
2024
$184B
2024
GNI per capita, PPP
$3,490
2024
$18,560
2024
Total reserves including gold
$433M
2024
$43.8B
2024
Total reserves ranking
160/177
2024
46/177
2024
Net foreign direct investment
-$241M
2023
-$3.71B
2024
Net inflows of foreign direct investment
$122M
2024
$4.02B
2024
Net outflows of foreign direct investment
$0
2024
$305M
2024
Servicing debt to the IMF, % of GNI
2.22%
2024
5.42%
2024
Poverty at national poverty lines
56.8%
2018
23.2%
2020
Gross capital formation, % of GDP
20.5%
2024
18.6%
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/sierra-leone/ukraine | 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 (1995–2024, 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 (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  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.