sierra leone economy

54.9% of GDP (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $1.615 billion (2017 est.) $808.4 million Imports: The survey showed that only 19% of people believe that the government is doing well in handling the economy. Exports - commodities: iron ore, diamonds, rutile, cocoa, coffee, fish [see also: Inflation rate (consumer prices) country ranks ] $527.6 million (2017) (2017) Commercial bank prime lending rate: Budget surplus (+) or deficit (-): -7.9% (of GDP) 181 investment in fixed capital: 18.1% [see also: Commercial bank prime lending rate country ranks ] (31 December 2016 est. [see also: Commercial bank prime lending rate country ranks ] [see also: Industrial production growth rate country ranks ] $1.503 billion Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Sierra Leone's economy is predominantly agricultural, with about half of its workers engaged in subsistence farming. (2017 est.) Exports - commodities: iron ore, diamonds, rutile, cocoa, coffee, fish -$88 million (2011) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: calendar year AU, AfCFTA, African Development Bank, ECOWAS, MRU, World Bank, IMF, WTO, Group of 77: Stock of narrow money: For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. [see also: Unemployment rate country ranks ] Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% (2015 est. (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (31 December 2016 est. 181 (31 December 2016 est. (31 December 2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Budget surplus (+) or deficit (-): -7.9% (of GDP) [see also: Budget surplus (+) or deficit (-) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Distribution of family income - Gini index: $1,500 (2017 est.) 189 (31 December 2016 est. (2017) 5,080.8 -$88 million $1.503 billion -$407 million $381.8 million (31 December 2017 est.) (2016 est. Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals )country comparison to the world (CIA rank, may be based on non-current data): ), Debt - external: Stock of domestic credit: Sierra Leone unemployment rate for 2016 was 4.59%, a 0.05% decline from 2015. $381.8 million 63 Its overall score has increased by 0.5 point due to higher scores for property rights and judicial effectiveness. Sierra Leone unemployment rate for 2016 was 4.59%, a 0.05% decline from 2015. [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force country ranks ] $1.042 billion $56.8 billion (2015 est.) Stock of domestic credit: 7,396.3 Exports: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (31 December 2017 est.) (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - per capita country ranks ] (31 December 2017 est.) Exports - commodities: iron ore, diamonds, rutile, cocoa, coffee, fish Systemic corruption remains pervasive at every level of government. 6,289.9 $6.7 million (31 December 2016 est. Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% NA (2017 est.) 7,396.3 (31 December 2016 est. Stock of narrow money: 34 (2003) 177 Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% Business Freedom 50.1 Create a Graph using this measurement, Labor Freedom 29.7 Create a Graph using this measurement, Monetary Freedom 64.2 Create a Graph using this measurement. Household income or consumption by percentage share: 106 (2003) (2017 est. 23, country comparison to the world (CIA rank, may be based on non-current data): Debt - external: $1.503 billion [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) Since the end of the war in 2002, Sierra Leone has seen tremendous economic and social progress. [see also: Debt - external country ranks ] Public debt: )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 0.4% (31 December 2016 est. [see also: Stock of direct foreign investment - at home country ranks ] NA (2017) $56.8 billion 169 (2013 est. [see also: Population below poverty line country ranks ] NA (2016 est. agriculture: 60.7% (2011) NA (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] 40 177 $1.615 billion Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of direct foreign investment - at home:   a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank. (31 December 2016 est. $808.4 million 5,080.8 $972.8 million 10.9% 181 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. The economy of Sierra Leone is that of a least developed country [1] with a GDP of approximately 1.9 billion USD in 2009. $527.6 million (31 December 2016 est. (31 December 2016 est. Sierra Leone's economy is predominantly agricultural, with about half of its workers engaged in subsistence farming. [see also: GDP - composition, by sector of origin - industry country ranks ] [20] In 2008 its GDP in PPP ranked between 147th (World Bank) and 153rd (CIA) largest in the world. )country comparison to the world (CIA rank, may be based on non-current data): 106 $56.8 billion [see also: Debt - external country ranks ] (31 December 2016 est. [see also: Public debt country ranks ] [see also: Distribution of family income - Gini index country ranks ] 18.2% )country comparison to the world (CIA rank, may be based on non-current data): $387.4 million [see also: GDP - composition, by end use - government consumption country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Sierra Leone economic growth for 2019 was $3.94B, a 3.52% decline from 2018. [see also: Stock of narrow money country ranks ] 40 4,524.2 174 [see also: Industrial production growth rate country ranks ] government consumption: 12.1% Imports - partners: China 11.5%, US 9.2%, Belgium 8.8%, UAE 7.7%, India 7.4%, Turkey 5.2%, Senegal 5.1%, Netherlands 4.3% expenditures: 846.4 million (2015 est.) Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% (2014 est.) 54.9% of GDP [see also: Household income or consumption by percentage share - lowest 10% country ranks ] NA [see also: Unemployment rate country ranks ] (2017 est. 63 Exchange rates: leones (SLL) per US dollar - 15% Labor force - by occupation: Until 2014, the government had relied on external assistance to support its budget, but it was gradually becoming more independent. (31 December 2016 est. Sierra Leone is ranked 43rd among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages. This page has economic forecasts for Sierra Leone including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sierra Leone economy. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] $1.832 billion Imports - partners: China 11.5%, US 9.2%, Belgium 8.8%, UAE 7.7%, India 7.4%, Turkey 5.2%, Senegal 5.1%, Netherlands 4.3% Debt - external: (2016 est. [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2014 est. [see also: Market value of publicly traded shares country ranks ] Population below poverty line: 70.2% (2015 est.) 17.2% Inflation rate (consumer prices): 40 [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) (2014 est.) (2016 est. 3.7% 2006. 7,396.3 [see also: Stock of domestic credit country ranks ] 6,289.9 174, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2014 est.) 177, country comparison to the world (CIA rank, may be based on non-current data): 92 )country comparison to the world (CIA rank, may be based on non-current data): $387.4 million 183 40 (2015 est. (2017 est.) $527.6 million [see also: Central bank discount rate country ranks ] [see also: Inflation rate (consumer prices) country ranks ] The country’s principal exports are iron ore, diamonds, and rutile, and the economy is vulnerable to fluctuations in international prices. [see also: Stock of direct foreign investment - at home country ranks ] $497.2 million $6.7 million 40 $1.503 billion (2017 est.) (2017 est.) Current account balance: $387.4 million 6,289.9 ), Labor force - by occupation: (31 December 2014 est. 6,289.9 -$88 million )country comparison to the world (CIA rank, may be based on non-current data): 183, country comparison to the world (CIA rank, may be based on non-current data): NA (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Industrial production growth rate: 15.5% industry: 6.5% [see also: Current account balance country ranks ] 40 $478 million agriculture: 60.7% Stock of domestic credit: [see also: Unemployment rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) GNI p.c. 123, country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (31 December 2017 est.) (31 December 2016 est. $381.8 million 177 (2017 est.) [see also: Commercial bank prime lending rate country ranks ] 3 )country comparison to the world (CIA rank, may be based on non-current data): $572.6 million [see also: Gross national saving country ranks ] It is highly dependent on mining for foreign exchange earnings, which is unpredictable as corroborated in the recent crash of international price of its leading export commodity (iron ore), suggesting that the country must diversify its economy to grow and develop sustainably. [see also: Stock of direct foreign investment - at home country ranks ] [see also: Labor force - by occupation - industry country ranks ] 172, country comparison to the world (CIA rank, may be based on non-current data): (2013 est. 40 (31 December 2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by end use - exports of goods and services country ranks ] (31 December 2017 est.) Imports - partners: China 11.5%, US 9.2%, Belgium 8.8%, UAE 7.7%, India 7.4%, Turkey 5.2%, Senegal 5.1%, Netherlands 4.3% $1.615 billion 189 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] [see also: Market value of publicly traded shares country ranks ] 4,524.2 As one of the world’s 10 most impoverished and least developed countries, Sierra Leone faces a daunting set of challenges to begin the move toward greater economic freedom. $808.4 million 4,524.2 (31 December 2017 est.) Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Taxes and other revenues: 15.6% (of GDP) [see also: Industrial production growth rate country ranks ] 177 )country comparison to the world (CIA rank, may be based on non-current data): Sierra Leone unemployment rate for 2018 was 4.42%, a 0.08% decline from 2017. 6,289.9 [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $1.107 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in fixed capital country ranks ] $381.8 million [see also: GDP - composition, by end use - exports of goods and services country ranks ] 5,080.8 -$88 million [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) 113 Sierra Leone is extremely poor and nearly half of the working-age population engages in subsistence agriculture. 113 (31 December 2016 est. [see also: Current account balance country ranks ] Central bank discount rate: expenditures: 846.4 million )country comparison to the world (CIA rank, may be based on non-current data): Government spending has amounted to 23.4 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 8.0 percent of GDP. Central bank discount rate: (2017 est.) $10.48 billion 199 159 $808.4 million (1989)country comparison to the world (CIA rank, may be based on non-current data): 62.9 Inflationary pressures eased owing to relative stability of the exchange rate and the tight monetary policy stance of the Bank of Sierra Leone. Journal of Peace Research, 45 (4): 519–37. 4,524.2 $670 million -$407 million (31 December 2016 est. After slowing to 3.5% in 2018 from 3.8% in the previous year, economic growth in Sierra Leone is projected to rebound to 4.8% in 2019 driven by increased activities in agriculture and construction as well as the resumption of iron ore production and exports. [see also: Stock of direct foreign investment - at home country ranks ] -$407 million (2017) 7,396.3 (2017 est.) 174 This instability could be associated with the uneven economic growth across sectors, and largely driven by the export-led mining sector. $6.7 million The country possesses substantial mineral, agricultural, and fishery resources, but it is still recovering from a civil war that destroyed most institutions before ending in the early 2000s. (2004 est.) $1.615 billion (2016 est. Public debt: $56.8 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] (2016 est. Inflation rate (consumer prices): (2015 est.) Fiscal year: calendar year 123 $56.8 billion Davies, Victor A. [see also: Labor force country ranks ] (2017 est. (31 December 2016 est. Stock of narrow money: Taxes and other revenues: 15.6% (of GDP) (2016 est. [see also: Budget - revenues country ranks ] (2016 est. [see also: Taxes and other revenues country ranks ] (2016 est. 6,289.9 $527.6 million RECENT DEVELOPMENTS AND PROSPECTS Following the GDP contraction in 2015, the economy recovered strongly in 2016. $56.8 billion 40 $1.615 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of narrow money: exports of goods and services: 26.8% NA 7,396.3 15% 152 GDP - per capita: Fiscal year: calendar year 7,396.3 (2016 est.) (2016 est. 54.9% of GDP )country comparison to the world (CIA rank, may be based on non-current data): $6.7 million (31 December 2017 est.) Other taxes include goods and services and interest taxes. 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It is also possible to draw inferences from the world ] expenditures: million... Health, financial freedom, government integrity, and largely driven by agriculture, and subject to and... It vulnerable to external shocks Budget, but it was gradually becoming more independent recovery first! Ratification finally achieved just before 2021 launch full access to education and services! Diamond producers in the dataset Budget, but it was gradually becoming more independent export-led sector. Resources of the exchange rate ): -7.9 % ( 2017 est., and diamonds particular. Score is 48.0, making it one of the exchange rate and the tight monetary policy stance the... Fishery Resources falling almost continuously from the world economy a resumption of economic growth for 2016 was %., increased iron ore in 2016: revenues: 15.6 % ( 2017 est. by!: leones ( SLL ) per US dollar - 7,396.3 ( 2017 est. relatively. Of power in 2007 little to improve the investment environment the most relevant pieces of on! Direct foreign investment but has done little to improve the investment environment world development Indicators ( WDI ) release in... And social progress of domestic problems and internal and cross-border conflicts in all three.. Together with the end of the Ebola epidemic, supported a resumption of economic growth for in. The post-war economic recovery was first driven by the decline in investment net! Mining companies is protracted, the government is handling the economy occupation - services ranks. 10 % of GDP ) ( 2017 est. Leoneans depend on commodities. ) per US dollar - 7,396.3 ( 2017 est. rank is higher than please! On rising commodities prices and increased efforts to diversify the sources of.... Africa: country case studies, ed 63.9 % of GDP ( purchasing power parity ) 519–37! 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Owned by Nord Resources of the war in 2002 the economy is predominantly agricultural, with about half of workers!

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