Deposit Interest Rates Statistics in Sierra Leone (2026)
Sierra Leone recorded the average deposit interest rate of 6.8% in 2024, World Bank World Development Indicators data show. Up from 5.7% in 2023 to 6.8% in 2024 (+1.1 percentage points). Sierra Leone ranks #11 of 27 economies in Sub-Saharan Africa on this measure, and #28 of 113 globally.
Key Statistics
- Latest value (2024)
- 6.8% (2024)
- Deposit Interest Rates in Sierra Leone as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +1.1 pp (2024)
- Up from 5.7% in 2023 to 6.8% in 2024 (+1.1 percentage points).
- Earliest value in this dataset (1990)
- 40.5% (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 40.5% in 1990 to 6.8% in 2024.
- Peak value (1992)
- 54.7% (1992)
- Highest value in the available series; the 2024 value is 6.8%.
- Rank in Sub-Saharan Africa
- #11 of 27 (2024)
- Sierra Leone ranks 11 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #28 of 113 (2024)
- Sierra Leone ranks 28 of 113 countries with data globally.
- Sub-Saharan Africa average
- 6.3% (2024)
- Sierra Leone (6.8%) is above the average of 6.3% across the 27 countries in Sub-Saharan Africa with data.
- Interest rate spread (lending rate minus deposit rate, %) (2024)
- 13.8% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Sierra Leone (2024)
- 25.1% (2024)
- 25.1% of the population in Sierra Leone used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 8.6 million (2024)
- Sierra Leone had a population of 8.6 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | % | Change |
|---|---|---|
| 2024 | 6.8% | +1.1 pp |
| 2023 | 5.7% | +0.3 pp |
| 2022 | 5.4% | +0.0 pp |
| 2021 | 5.4% | −0.3 pp |
| 2020 | 5.6% | −0.8 pp |
| 2019 | 6.4% | +0.3 pp |
| 2018 | 6.1% | +0.5 pp |
| 2017 | 5.5% | +0.2 pp |
| 2016 | 5.4% | +0.9 pp |
| 2015 | 4.5% | −2.1 pp |
| 2014 | 6.6% | −2.3 pp |
| 2013 | 8.9% | −1.5 pp |
| 2012 | 10.4% | +0.1 pp |
| 2011 | 10.3% | +0.8 pp |
| 2010 | 9.5% | −0.3 pp |
| 2009 | 9.7% | −0.9 pp |
| 2008 | 10.6% | −0.2 pp |
| 2007 | 10.8% | −0.4 pp |
| 2006 | 11.1% | −0.7 pp |
| 2005 | 11.8% | +0.6 pp |
| 2004 | 11.2% | +1.5 pp |
| 2003 | 9.7% | +0.3 pp |
| 2002 | 9.4% | +1.6 pp |
| 2001 | 7.8% | −1.5 pp |
| 2000 | 9.2% | −0.3 pp |
| 1999 | 9.5% | +2.4 pp |
| 1998 | 7.1% | −2.8 pp |
| 1997 | 9.9% | −4.1 pp |
| 1996 | 14% | +6.9 pp |
| 1995 | 7% | −4.6 pp |
| 1994 | 11.6% | −15.4 pp |
| 1993 | 27% | −27.7 pp |
| 1992 | 54.7% | +6.9 pp |
| 1991 | 47.8% | +7.3 pp |
| 1990 | 40.5% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Sierra Leone?
The average deposit interest rate in Sierra Leone stood at 6.8% in 2024, according to World Bank World Development Indicators data.
Where does Sierra Leone rank globally on deposit interest rates?
Sierra Leone ranks 28 of 113 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did deposit interest rates in Sierra Leone peak?
The highest value in the available series was 54.7% in 1992; the latest (2024) value is 6.8%.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .