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| SIERRA LEONEAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
rice, coffee, cocoa, palm kernels, palm oil, peanuts; poultry, cattle, sheep, pigs; fish |
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Aid as % of GDP
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28.7% |
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[4th of 129]
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Debt > External
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$1,610,000,000.00 |
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[103rd of 136]
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Economic freedom
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1.15 |
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[142nd of 156]
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Economy > Overview
Sierra Leone is an extremely poor nation with tremendous inequality in income distribution. While it possesses substantial mineral, agricultural, and fishery resources, its physical and social infrastructure is not well developed, and serious social disorders continue to hamper economic development. Nearly half of the working-age population engages in subsistence agriculture. Manufacturing consists mainly of the processing of raw materials and of light manufacturing for the domestic market. Alluvial diamond mining remains the major source of hard currency earnings accounting for nearly half of Sierra Leone's exports. The fate of the economy depends upon the maintenance of domestic peace and the continued receipt of substantial aid from abroad, which is essential to offset the severe trade imbalance and supplement government revenues. The IMF has completed a Poverty Reduction and Growth Facility program that helped stabilize economic growth and reduce inflation. A recent increase in political stability has led to a revival of economic activity such as the rehabilitation of bauxite and rutile mining. |
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Exports
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$216,000,000.00 |
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[168th of 189]
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GDP
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$1,443,004,000.00 |
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[142nd of 203]
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GDP > PPP
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$4,429,000,000.00 |
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[143rd of 163]
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GDP > Real growth rate
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7% |
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[49th of 198]
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GDP growth > annual %
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7.5 annual %
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[24th of 187]
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GINI index
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62.9
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[1st of 40]
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Gross National Income
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$693,452,000.00 |
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[143rd of 172]
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Human Development Index
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0.298 |
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[177th of 178]
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Income category
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Low income |
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Income distribution > Poorest 10%
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0.5% |
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[114th of 114]
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Income distribution > Richest 10%
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43.6% |
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[11th of 114]
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Population below poverty line
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70.2% |
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[3rd of 46]
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Population under $1 a day
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57 |
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[8th of 59]
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Poverty > Share of all poor people
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0.26 % of world's poor |
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[28th of 80]
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Tourist arrivals
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48,000 |
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[133rd of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Sierra Leone, Republic of Sierra Leone
Related links:
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