Sierra Leone vs Venezuela: Economic Indicators Comparison
Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Sierra Leone ranked 161st with $4.1B. By GDP 5-years average growth and GDP per capita, Venezuela and Sierra Leone ranked 181st vs 170th and 58th vs 189th, respectively.
Gross Domestic Product & Income
| Stat |  Sierra Leone |  Venezuela |
|---|---|---|
| GDP | $4.1B | $482.4B |
| GDP growth, 1 year | 3.7% | -18% |
| GDP growth, 5-years average | -0.4% | -12.2% |
| Population | 7.6M | 28.5M |
| GDP per capita | $534 | $16k |
| GDP per capita growth | 1.26% | -18.17% |
| Purchasing Power Parity conversion factor | 2643.88 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.33 | 0.89 |
| GDP per capita, PPP adjusted | $1.6k | $8.8k |
| GNI, Atlas method | $3.7B | $392.9B |
| GNI per capita | $490 | $13k |
| GNI, PPP adjusted | $11.4B | $352.8B |
| GNI per capita, PPP adjusted | $1.5k | $12k |
Financial system and Human development
| Stat | Sierra Leone | Venezuela |
|---|---|---|
| Income Tax Rate | 15% | 34% |
| Corporate Tax Rate | 30% | 34% |
| Inflation, consumer prices | 16.9% | 929789.5% |
| Inflation, GDP deflator | 13.4% | 748.1% |
| Unemployment | 4.3% | 8.4% |
| Economic Freedom Index | 48 | 25.2 |
| Personal Freedom Index | 6.55 | 6.33 |
| Human Freedom Index | 6.24 | 5.27 |
| Property Rights Index | 40.7 | 10.1 |
| Judical Effectiveness Index | 39.4 | 12.6 |
| Business Freedom Index | 50.1 | 30.8 |
| Fiscal Health Index | 9.8 | 0 |
| Labor Freedom Index | 29.7 | 27.7 |
| Investment Freedom Index | 60 | 0 |
| Financial Freedom Index | 20 | 10 |
| Trade Freedom Index | 69.4 | 58 |
| Monetary Freedom Index | 64.2 | 0 |
| Government Spending Index | 83.5 | 66.3 |
| Tax Burden Index | 87.5 | 72.8 |
| Government Integrity Index | 21.8 | 14.6 |
| Corruption Perceptions Index | 30 | 18 |
| Life expectancy at birth, years | 53.9 | 72.2 |
| Suicide mortality rate, per 100,000 people | 9.7 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 27.3 | 33.7 |
| Intentional homicides, per 100,000 people | 1.7 | 56.3 |
| International tourism, number of arrivals | 57k | 427k |
Government debt & reserves
| Stat | Sierra Leone | Venezuela |
|---|---|---|
| Central government debt, % of GDP | 71.3% | 175.6% |
| External debt stocks, % of GNI | 45.1% | 33.9% |
| External debt stocks | $1.7B | $154.9B |
| Short-term debt, % of total reserves | 37.5% | 421.1% |
| Total debt service, % of exports and primary income | 7.2% | 69% |
| Adjusted net savings including particulate emission damage, % of GNI | -33.5% | 7.2% |
| Gross savings, % of GDP | -7.3% | 8.9% |
| Gross capital formation, % of GDP | 13.6% | -3.7% |
| Total reserves including gold | $502.6M | $9.8B |
| Foreign direct investment net inflows | $217.8M | $956M |
Exports, imports and economic structure
| Stat | Sierra Leone | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 17.5% | 30.7% |
| Imports of goods and services, % of GDP | 39.2% | 36.4% |
| Current account balance (balance of payments) | -$646.1M | -$3.9B |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | $375.1M | $125.8M |
| Personal remittances received | $62.1M | $297.1M |
| Industry including construction value added, % of GDP | 5.3% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 58.9% | 5% |
| Charges for the use of intellectual property, payments BoP | $892k | $258M |
| Charges for the use of intellectual property, receipts BoP | $5.8M | N/A |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | 23.4% | 33.5% |
