Economy
Nominal GDP
USD 6.95 billion
GDP per capita
USD 831
2021–2025 average
Currency
- Name
- Sierra Leonean leone
Леоне - ISO code
- SLE
- Rate against the US dollar
- USD 1 = 24.58 SLE
- Rate against the rouble
- 1 SLE = 3.3998 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 31.0%
- Industry 23.5%
- Services 42.4%
Industries and programmes
- Key industries
- Iron ore, diamond, rutile and bauxite mining; agriculture; fishing.
- Government programmes
- Medium-Term National Development Plan 2024–2030
- “Big Five” priorities (Big Five Game Changers)
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 0.70 | 100.0 |
| 2022 | 1.06 | 151.4 |
| 2023 | 1.33 | 190.0 |
| 2024 | 1.44 | 205.7 |
| 2025 | 1.53 | 218.6 |
- Imports of goods
- USD 2.03 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 1.56 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +118.6%
- Average annual rate of change in exports of goods, 2021–2025
- +21.6%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; mirror data from importing countries (the country does not report); shares based on imports of the largest partners. Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; mirror data from importing countries (the country does not report); shares based on imports of the largest partners. Period: 2024
Investment areas
Source: National Investment Board (https://nib.gov.sl/sectors/)- Mining
- Agribusiness (rice, cocoa)
- Energy
- Fishing
- Tourism
- Renewable energy
- Hydropower
- Energy infrastructure
- Seafood processing
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Absent
Double taxation
There is no double taxation agreement with Russia.
Absent
Visa requirements
Russian citizens holding ordinary passports require a visa.
Visa required
Peaceful nuclear energy
No information
Other agreements
Source: Russian Ministry of Foreign Affairs; https://www.mid.ru/ru/foreign_policy/international_contracts/international_contracts/2_contract/?kwFilter%5Bkeywords%5D=Сьерра+Леоне- Agreement on Military-Technical Cooperation (2021).
- Agreement on Visa-Free Travel for Holders of Diplomatic and Service Passports (2020).
- Agreement between the government of the russian federation and the government of the Republic of Sierra Leone on cooperation in fisheries (2013).
Incentives
- Main regimes and incentives
Investment Promotion Act 2004; Tax Code incentives for priority sectors (agribusiness, tourism).
- Investment agency
- SLIEPA — Sierra Leone Investment and Export Promotion Agency
National Investment Board
