Sierra Leone Ranks Second Poorest Country in The World by GDP Per Capita in 2023

Sierra Leone has been identified as the second poorest country in the world based on its GDP per capita, according to the latest report by Royal Rankings.

With a population of approximately eight million people, Sierra Leone’s GDP per capita stands at a meager USD 472.

The country has been grappling with a severe economic downturn and rampant corruption since the conclusion of its 11-year civil war in 2002.

The Royal Rankings report sheds light on the economic struggles faced by nations, using GDP per capita as a crucial metric. In this year’s edition, Burundi clinched the undesirable title of the world’s poorest country in terms of GDP per capita. Following closely behind Sierra Leone are Malawi, the Central African Republic, and Madagascar. Interestingly, Yemen secured the 15th spot on the list, becoming the first non-African country to feature among the poorest nations.

Sierra Leone’s placement in this ranking underscores the urgent need for comprehensive measures to address the country’s economic challenges, combat corruption, and foster sustainable development.

President Julius Maada Bio’s second term in office should focus on uplifting the country’s economy and implementing effective strategies aimed at eradicating poverty and improving the livelihoods of Sierra Leoneans.

Comment(s)

Disclaimer: Comments expressed here do not reflect the opinions of Sierraloaded or any employee thereof.

| 2023-07-03 15:57:52

I can attest to that, because not only me but many other young people I know have no reliable source of income.
| 2023-07-02 17:49:01

All this problem are cause by our leaders ,because they did not have the country interest at heart there just there for there own interests.we just have to pray for a better leadership to change the economic situation of the country.
FMK | 2023-07-02 08:55:09

This is all intellectual exercise, dear folks. GDP is just a proxy indicator. Using it to compare countries in very different economic circumstances and production systems is problematic. Most Development Economists know this very well. Even if we were ranked much more favorably, that would still not make us complacent. We have to keep asking ourselves whether the poorest Sierra Leonean households can feed themselves round the year without depending on handouts; are we producing enough food to feed ourselves; are children having access to education and adequate nutrition; are young people being trained in the relevant skills the economy needs; are jobs being created to meet the demand from young people; etc etc etc... So there is a lot more to think about when it comes to the issue of poverty in a country, let alone trying to do country comparisons. Let me leave it here, as Sierra Leone contemplates implementation of another Medium-Term National Development Program (2024-2028), with the Big Five Game Changers at the core.
FMK | 2023-07-02 08:48:33

This is all intellectual exercise, dear folks. GDP is just a proxy indicator. Using it to compare countries in very different economic circumstances and production systems is problematic. Most Development Economists know this very well. Even if we were ranked much more favorably, that would still not make us complacent. We have to keep asking ourselves whether the poorest Sierra Leonean households can feed themselves round the year without depending on handouts; are we producing enough food to feed ourselves; are children having access to education and adequate nutrition; are young people being trained in the relevant skills the economy needs; are jobs being created to meet the demand from young people; etc etc etc... So there is a lot more to think about when it comes to the issue of poverty in a country, let one trying to do country comparisons. Let me leave it here, as Sierra Leone contemplates implementation of another Medium-Term National Development Program (2024-2028), with the Big Five Game Changers at the core.
Richard A T Ngaujah | 2023-07-01 15:46:08

Any rational Sierra Leonean will agree with me that the current situation in the country depict the reality of the report. Somebody made metion of the mineral deposit in the country as a point to show that we are not poor. But have you assessed the impact of these minerals on our economy? Besides the tool used by the teacher is per capital GDP not the quatum of mineral deposit. With all the minerals our per capital GDP is nothing to write home about. It really unfortunate but we most accept the fact
Richard A T Ngaujah | 2023-07-01 15:30:04

I wonder to hear that Sierra Leone is the 2nd poorest country and not the poorest. This shows that we are ahead of one country. We still have hope
| 2023-07-01 15:24:58

It's a surprise for us to be ranked in this position because it is visually experienced among the citizens. Somebody made metion of the minerals we have in the country. That's true, but let's think of the impact they have on our economy. They are mere potentials for development. According to the report, the teacher used per capital GDP not the quatum of mineral deposit. I didn't think if the report is bias in anyway.
| 2023-07-01 14:44:56

Firstly you should have ask how they do the ranking, secondly what we have as a nation those not reflect
| 2023-07-01 10:56:24

I dont believe this report, it can be cooked. My country is not poor and it can never be poor, a poor man has nothing to offer, also a poor country has nothing to sell. We have the third largest iron ore deposit in the world, bauxite, gold, diamond etc . All these are minerals we can give as an exchange for money or whatever we want. Bo do ya, they just intend to make as if we're wretched by wrecking everything. Our leaders just need to provide safety for us. Stop this politics and think development. President Bio need to take that family role, behave as a father who loved all his family members. By making sure that nobody disturbs anyone, because we have differences in political support. The APC and SLPP both deserves to be treated with the same care and love by all institutions. Were we need forgiveness, we forgive and move. As a people lets go back to the old days, were i will feel free to go and visit people at Wiema Ngaeya, Gbetayma , Mando etc. I was visiting those places without any fear. We use to travel in those bush roads alone. That's what's good for Sierra Leone. We now have the serious problem of trust on institutions, that use to be the bridge in crises period. Honestly the people dont believe civil society organisations, religious institutions. These areas need to regain the trust between them and the people. Please please lets work together as a single Sierra Leonean family. That's what will make us a wealthy nation . But lets refuse to be poor, because God did not make us a poor nation. We can only be a poor country if we refuse to accept one another. This country is one of the richest countries in this planet.
| 2023-06-30 22:32:07

A very bad result for we as a nation that is blessed with enormous mineral resources and hardworking people.
| 2023-06-30 21:32:37

I know that even before this time. But people are still killing themselves for this fake politician's that are embezzling our money. At the end they enjoyed abroad with there families laughing at us.
Mohamed Jabbie | 2023-06-30 21:24:27

Bo wuna sef. Dem thing all na Whiteman dem game dem. Bcus like salone rightnow. It has just concluded elections. And is doing very well. So korpor dae pan dem kind countries. How salone be wretched pass, South Sudan, Eritrea, Somali, even Burkina, Mali. But since we get ngos dem wae profit from dat. Dem go even pay for publish dat.
Anonymous | 2023-06-30 21:22:20

All these fake data breakdown Do your research before posting rubbish about the country Why do people keep forcing the country to a position where it's not
Joseph Bio | 2023-06-30 21:22:17

We supposed to be poor because our leaders are very wicked they don't have any technical know how to develop a nation either a memorandum of understanding how to develop a nation so where do you want us to be..... Now look we are the second poorest country in the world 🌎 😭😭😭😭