Gross Capital Formation (As % of GDP) rose to 18.9% in Sierra Leone in 2019

Gross Capital Formation (As % of GDP) (%)
Economy | Sierra Leone | January 1, 2020
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Gross capital formation as a share of GDP reached 18.9 % in 2019 in Sierra Leone, according to the National Statistical Office. This is 0.032 % more than in the previous year.

Historically, gross capital formation as a share of GDP in Sierra Leone reached an all time high of 18.9 % in 2019 and an all time low of -0.024 % in 1997. When compared to Sierra Leone's main peers, gross capital formation as a share of GDP in Burkina Faso amounted to 17.0 %, 16.0 % in Guinea, 0 % in Liberia and 19.0 % in Mali in 2019.

Sierra Leone has been ranked 129th within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 43 places above the position seen 10 years ago.

Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.

Gross Capital Formation (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Algeria % 0.484% 50.6% 46.1% 40.9% 37.8%
Burkina Faso % 0.228% 16.3% 17.0% 17.1% 17.2%
Ghana % 0.220% 13.8% 14.7% 15.0% 17.4%
Guinea % 0.738% 19.8% 16.0% 20.1% 17.8%
Ivory Coast % 0.176% 23.7% 24.7% 25.8% 27.4%
Liberia % 0.205% ... ... ... ...
Mali % 0.221% 19.4% 19.0% 19.4% 19.5%
Mauritania % 0.498% 41.1% 43.3% 36.8% 35.9%
Niger % 0.337% 38.5% 40.8% 42.3% 38.9%
Senegal % 0.286% 25.9% 25.5% 25.1% 25.7%
Sierra Leone % 0.185% 18.9% 18.9% 18.0% 18.3%