Real GDP at Constant National Prices for Sierra Leone
RGDPNASLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,164.48
Year-over-Year Change
69.61%
Date Range
1/1/1961 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Sierra Leone' series measures the total economic output of Sierra Leone, adjusted for inflation. It is a key indicator used by economists and policymakers to assess the country's economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents Sierra Leone's real gross domestic product (GDP) calculated using constant national prices. Real GDP is a widely-used macroeconomic metric that accounts for the effects of inflation, providing a more accurate picture of economic activity over time.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and analysts use this trend to evaluate Sierra Leone's economic performance and inform decisions around fiscal, monetary, and development policies.
Key Facts
- Sierra Leone's real GDP grew by 3.1% in 2021.
- The country's economy is heavily dependent on mining and agriculture.
- GDP per capita in Sierra Leone was $540 in 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the total economic output of Sierra Leone, adjusted for inflation. It provides a comprehensive view of the country's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator used by economists, policymakers, and investors to assess a country's economic performance and inform decisions around fiscal, monetary, and development policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Sierra Leone's economic growth and development, and to inform decisions around fiscal, monetary, and economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts statistics from Sierra Leone.
Related Trends
Real GDP at Constant National Prices for Sri Lanka
RGDPNALKA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Jordan
LABSHPJOA156NRUG
Share of Labour Compensation in GDP at Current National Prices for Rwanda
LABSHPRWA156NRUG
Capital Stock at Constant National Prices for South Africa
RKNANPZAA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Serbia
LABSHPRSA156NRUG
Capital Stock at Constant National Prices for Kenya
RKNANPKEA666NRUG
Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Sierra Leone (RGDPNASLA666NRUG), retrieved from FRED.