Sierra Leone

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Introduction - Sierra Leone:
Location - Sierra Leone:
People - Sierra Leone:
Government - Sierra Leone:
Economy - Sierra Leone:
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 economic 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 Leones 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.

Gdp purchasing power parity	$5.452 billion (2006 est.)

Gdp official exchange rate	$1.236 billion (2006 est.)

Gdp real growth rate	7.1% (2006 est.)

Gdp per capita ppp	$900 (2006 est.)

Gdp composition by sector	agriculture: 49% industry: 31% services: 21% (2001 est.)

Labor force	1.369 million (1981 est.)

Labor force by occupation	agriculture: NA% industry: NA% services: NA%

Unemployment rate	NA%

Population below poverty line	68% (1989 est.)

Household income or consumption by percentage share	lowest 10%: 0.5% highest 10%: 43.6% (1989)

Distribution of family income gini index	62.9 (1989)

Inflation rate consumer prices	1% (2002 est.)

Budget	revenues: $96 million expenditures: $351 million; including capital expenditures of $NA (2000 est.)

Agriculture products	rice, coffee, cocoa, palm kernels, palm oil, peanuts; poultry, cattle, sheep, pigs; fish

Industries	diamond mining; small-scale manufacturing (beverages, textiles, cigarettes, footwear); petroleum refining, small commercial ship repair

Industrial production growth rate	NA%

Electricity production	244 million kWh (2004)

Electricity consumption	226.9 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	4 bbl/day (2004 est.)

Oil consumption	6,600 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Exports	$185 million f.o.b. (2004 est.)

Exports commodities	diamonds, rutile, cocoa, coffee, fish

Exports partners	Belgium 52.2%, US 19.1%, Netherlands 6.8% (2006)

Imports	$531 million f.o.b. (2004 est.)

Imports commodities	foodstuffs, machinery and equipment, fuels and lubricants, chemicals

Imports partners	Cote dIvoire 9.7%, US 8.1%, China 8%, UK 7%, Netherlands 5.8%, South Africa 4.7%, India 4.6%, France 4.4% (2006)

Debt external	$1.61 billion (2003 est.)

Economic aid recipient	$297.4 million (2003 est.)

Currency code	leone (SLL)

Exchange rates	leones per US dollar - 2,961.7 (2006), 2,889.6 (2005), 2,701.3 (2004), 2,347.9 (2003), 2,099 (2002)

Communications - Sierra Leone:
Transportation - Sierra Leone:
Military - Sierra Leone:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: Africa : Poorest : Republic : Small to 100 000 km2 : Population to 10 000 000 people

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Sierra Leone

Sierra Leone: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Sierra Leone

Economy overview

Gdp purchasing power parity

$5.452 billion (2006 est.)

Gdp official exchange rate

$1.236 billion (2006 est.)

Gdp real growth rate

7.1% (2006 est.)

Gdp per capita ppp

$900 (2006 est.)

Gdp composition by sector

agriculture: 49% industry: 31% services: 21% (2001 est.)

Labor force

1.369 million (1981 est.)

Labor force by occupation

agriculture: NA% industry: NA% services: NA%

Unemployment rate

NA%

Population below poverty line

68% (1989 est.)

Household income or consumption by percentage share

lowest 10%: 0.5% highest 10%: 43.6% (1989)

Distribution of family income gini index

62.9 (1989)

Inflation rate consumer prices

1% (2002 est.)

Budget

revenues: $96 million expenditures: $351 million; including capital expenditures of $NA (2000 est.)

Agriculture products

rice, coffee, cocoa, palm kernels, palm oil, peanuts; poultry, cattle, sheep, pigs; fish

Industries

diamond mining; small-scale manufacturing (beverages, textiles, cigarettes, footwear); petroleum refining, small commercial ship repair

Industrial production growth rate

NA%

Electricity production

244 million kWh (2004)

Electricity consumption

226.9 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

4 bbl/day (2004 est.)

Oil consumption

6,600 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$185 million f.o.b. (2004 est.)

Exports commodities

diamonds, rutile, cocoa, coffee, fish

Exports partners

Belgium 52.2%, US 19.1%, Netherlands 6.8% (2006)

Imports

$531 million f.o.b. (2004 est.)

Imports commodities

foodstuffs, machinery and equipment, fuels and lubricants, chemicals

Imports partners

Cote dIvoire 9.7%, US 8.1%, China 8%, UK 7%, Netherlands 5.8%, South Africa 4.7%, India 4.6%, France 4.4% (2006)

Debt external

$1.61 billion (2003 est.)

Economic aid recipient

$297.4 million (2003 est.)

Currency code

leone (SLL)

Exchange rates

leones per US dollar - 2,961.7 (2006), 2,889.6 (2005), 2,701.3 (2004), 2,347.9 (2003), 2,099 (2002)

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IQ test lasts approximately 30 minutes and contains 40 questions !

agriculture: 49%
industry: 31%
services: 21% (2001 est.)

agriculture: NA%
industry: NA%
services: NA%

lowest 10%: 0.5%
highest 10%: 43.6% (1989)

revenues: $96 million
expenditures: $351 million; including capital expenditures of $NA (2000 est.)