[see also: Budget - expenditures country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 4,524.2 Taxes and other revenues: 15.6% (of GDP) [see also: Exports country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] lowest 10%: 2.6% (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est. $381.8 million (2017 est.) 113, country comparison to the world (CIA rank, may be based on non-current data): (1989)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): )country comparison to the world (CIA rank, may be based on non-current data): 172, country comparison to the world (CIA rank, may be based on non-current data): $670 million Labor force - by occupation: 6,289.9 23 159 (2016 est. $527.6 million $972.8 million While the World Health Organization declared an end to the Ebola outbreak in Sierra Leone in November 2015, low commodity prices in 2015-2016 contributed to the country’s biggest fiscal shortfall since 2001. Population below poverty line: 70.2% 183 -$88 million [see also: Stock of direct foreign investment - at home country ranks ] Inflation rate (consumer prices): Sierra Leone is a member of the Economic Community of West African States (ECOWAS). (2017 est.) [see also: Central bank discount rate country ranks ] $478 million (2004 est.) (2017 est. (31 December 2017 est.) [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): The country possesses one of the largest rutile reserves in the world. $1.615 billion Exchange rates: leones (SLL) per US dollar - (31 December 2016 est. (2017 est.) $1.615 billion [see also: Stock of narrow money country ranks ] Fiscal year: calendar year $1.615 billion It is also possible to draw inferences from the other literature on Sierra Leone. [see also: Stock of broad money country ranks ] (31 December 2017 est.) $1.107 billion Stock of direct foreign investment - abroad: (2016 est. [see also: Distribution of family income - Gini index country ranks ] (2017 est.) (2016 est. 18.2% (2016 est.) 5,080.8 Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% [see also: GDP - composition, by end use - imports of goods and services country ranks ] 40 $1.615 billion Exchange rates: leones (SLL) per US dollar - Central bank discount rate: [see also: GDP - composition, by end use - household consumption country ranks ] Stock of domestic credit: [see also: Stock of broad money country ranks ] (2015 est. $1,500 $56.8 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est. This instability could be associated with the uneven economic growth across sectors, and largely driven by the export-led mining sector. 17.2% [see also: Public debt country ranks ] All suggestions for corrections of any errors about Sierra Leone Economy 2020 should be addressed to the CIA or the source cited on each page. NA [see also: Inflation rate (consumer prices) country ranks ] [see also: Distribution of family income - Gini index country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 40 Stock of direct foreign investment - at home: Stock of broad money: [see also: Stock of broad money country ranks ] (31 December 2014 est. services: 32.9% )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Industrial production growth rate country ranks ] (2017 est.) Central bank discount rate: (2017 est. -$88 million (2016 est. Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals (31 December 2017 est.) Sierra Leone unemployment rate for 2019 was 4.43%, a 0.01% increase from 2018. 7,396.3 [see also: Inflation rate (consumer prices) country ranks ] (2015 est.) (31 December 2016 est. Sierra Leone is extremely poor and nearly half of the working-age population engages in subsistence agriculture. $56.8 billion )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: Stock of direct foreign investment - at home: [see also: Stock of direct foreign investment - abroad country ranks ] 6,289.9 181 [see also: Exports country ranks ] (2013 est. (31 December 2016 est. 183 (2016 est. (31 December 2017 est.) $497.2 million $56.8 billion (2011) (2017 est.) (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): 113 (31 December 2016 est. 172 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. The Sierra Leone civil war destroyed the national economy, making it one of the poorest countries in the world. B. (2004 est.) Stock of direct foreign investment - abroad: (31 December 2016 est. 169 40 [see also: Current account balance country ranks ] (2016 est. (31 December 2017 est.) (2017 est.) 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. $572.6 million $387.4 million (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est.) [see also: Current account balance country ranks ] (2016 est. (2013 est. 159 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] [see also: Market value of publicly traded shares country ranks ] Imports: Sierra Leone African Economic Outlook 2017 The economy recovered from the after effects of the Ebola epidemic, growing by 4.3% in 2016 from -21.1% the year before. 159 $572.6 million 174 $972.8 million $1.107 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals $56.8 billion 152 215 $972.8 million Budget surplus (+) or deficit (-): -7.9% (of GDP) For example, Sierra Leone’s Exports rank is higher than (please wait...) of the countries in the dataset. 174 )country comparison to the world (CIA rank, may be based on non-current data): $6.7 million [see also: Stock of direct foreign investment - abroad country ranks ] (2015 est.) (31 December 2014 est. 62.9 (2017 est.) $1.042 billion )country comparison to the world (CIA rank, may be based on non-current data): 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. 54.9% of GDP Current account balance: ), Stock of narrow money: 63.9% of GDP Reserves of foreign exchange and gold: 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. Sierra Leone Telegraph: 02 December 2020: The search is on for Sub-Saharan African start-ups with tech solutions aimed at impacting positively lower income communities through those industries. (2016 est. Stock of direct foreign investment - at home: [see also: GDP - composition, by sector of origin - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2016 est. $808.4 million Household income or consumption by percentage share: (2017 est.) ), Budget surplus (+) or deficit (-): -7.9% (of GDP) Budget surplus (+) or deficit (-): -7.9% (of GDP) Unemployment rate: 17.92% $972.8 million 63 (1989)country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] (2017 est.) [see also: Stock of domestic credit country ranks ] (2017 est.) $478 million industry: 6.5% (2016 est. 6,289.9 6,289.9 (2015 est.) (31 December 2014 est. 158 $1.832 billion Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals 40 (31 December 2017 est.) (2015 est.) $387.4 million [see also: Imports country ranks ] The ministry implements the Sierra Leone government economic policies and public financial management. expenditures: 846.4 million (2015 est.) $527.6 million (31 December 2016 est. [see also: Market value of publicly traded shares country ranks ] $381.8 million 183 )country comparison to the world (CIA rank, may be based on non-current data): $1.107 billion (2017 est.) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $1.107 billion agriculture: 60.7% The ineffective judicial system is slow, inadequately resourced, and subject to financial and political influence. 18.04% Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% (2017 est.) $497.2 million [see also: Stock of direct foreign investment - abroad country ranks ] 5,080.8 -$407 million 169 Stock of domestic credit: (2017 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] (31 December 2016 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% $1.503 billion (2016 est. (2016 est. [see also: Market value of publicly traded shares country ranks ] 183 (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: Sierra Leone African Economic Outlook 2017 The economy recovered from the after effects of the Ebola epidemic, growing by 4.3% in 2016 from -21.1% the year before. (31 December 2016 est. (2017 est.) (31 December 2017 est.) 6,289.9 (2017 est.) 40 (2017 est. (2017 est.) (2017 est.) 10.9% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] (2015 est. (2017 est.) (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - revenues country ranks ] [see also: Commercial bank prime lending rate country ranks ] Imports - commodities: foodstuffs, machinery and equipment, fuels and lubricants, chemicals $1.503 billion (2015 est.) ), Stock of direct foreign investment - abroad: [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: 177 $572.6 million 152 (2011) 18.04% (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of direct foreign investment - at home: [see also: Market value of publicly traded shares country ranks ] 123 6,289.9 $1.832 billion $1.503 billion [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2016 est. 17.2% 10.9% 123 (31 December 2014 est. [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - services country ranks ] (2015 est.) In recent years, economic growth has been driven by mining - particularly iron ore. $972.8 million For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (31 December 2016 est. $56.8 billion 5,080.8 © 2020 by The Heritage Foundation. $527.6 million $1.832 billion (2011) (31 December 2017 est.) (31 December 2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 183 Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): $527.6 million [see also: Stock of direct foreign investment - at home country ranks ] $381.8 million 15% imports of goods and services: -55.3% 189 -$88 million investment in fixed capital: 18.1% 6,289.9 Nearly half of the working-age population is employed in subsistence agriculture. services: 33.4% Exchange rates: leones (SLL) per US dollar - 40 (1989)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Inflation rate (consumer prices) country ranks ] [see also: Central bank discount rate country ranks ] (2016 est. Exports - commodities: iron ore, diamonds, rutile, cocoa, coffee, fish (2017) 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% 63 92, country comparison to the world (CIA rank, may be based on non-current data): 23 Commercial bank prime lending rate: Current account balance: $1.042 billion Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. By Mabinty M. Kamara A new Afrobaromter survey has shown a low approval rating for how the Sierra Leone government is handling the economy. )country comparison to the world (CIA rank, may be based on non-current data): 4,524.2 159 -5.9% of GDP Political instability has hindered development of substantial mineral, agricultural, and fishery resources. )country comparison to the world (CIA rank, may be based on non-current data): $387.4 million (2017) 63.9% of GDP )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 5,080.8 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $670 million [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (31 December 2016 est. [see also: Labor force - by occupation - services country ranks ], Unemployment rate: [see also: Stock of narrow money country ranks ] Stock of broad money: 6,289.9 $1.832 billion note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: NA (31 December 2017 est.) Sierra Leone GDP in 2018 and 18.4% of GDP in 2019. After growing at an average annual rate of 7.8% over the period 2003-2014, Sierra Leone’s economic growth slowed to 4.3% in 2017 from 6.3% in 2016, due largely to the weak recovery in mineral production. (31 December 2017 est.) 7,396.3 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Although fuel subsidies were removed in 2018, the government has been slow to remove subsidies for rice production. (2017 est.) (31 December 2017 est.) (2016 est.) 174 (31 December 2017 est.) Population below poverty line: 70.2% (2015 est.) [see also: Labor force - by occupation - services country ranks ] (2004 est.) (31 December 2017 est.) (2004 est.) GDP growth plunged during the 2015 Ebola outbreak but by 2018 had become relatively positive. $6.7 million (2017 est.) (2017 est. Debt - external: [see also: Budget - expenditures country ranks ] 123 Commercial bank prime lending rate: Although its economic freedom had improved earlier in the decade, Sierra Leone fell back into the repressed category in 2019 and remains there in 2020. -$88 million Taxes and other revenues: 15.6% (of GDP) [see also: Central bank discount rate country ranks ] From Wikipedia, the free encyclopedia. (2016 est. 17.92% Sierra Leone : Economy Sierra Leone is a tropical country in West Africa, on the Atlantic coast between Guinea and Liberia. NA (31 December 2014 est. 159 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - agriculture country ranks ] [see also: Labor force - by occupation - services country ranks ] 215 services: 33.4% -$407 million 3 Central bank discount rate: [see also: Budget surplus (+) or deficit (-) country ranks ] 163, country comparison to the world (CIA rank, may be based on non-current data): Population below poverty line: 70.2% [see also: Debt - external country ranks ] [see also: Stock of broad money country ranks ] (2017 est.) Industries: diamond mining; iron ore, rutile and bauxite mining; small-scale manufacturing (beverages, textiles, footwear) Public debt: $381.8 million [see also: GDP - per capita country ranks ] $387.4 million $56.8 billion The overall tax burden equals 11.1 percent of total domestic income. 63.9% of GDP )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: (2017 est.) $1.832 billion Exports - commodities: iron ore, diamonds, rutile, cocoa, coffee, fish $1.042 billion (31 December 2017 est.) Sierra Rutile was then the largest non-petroleum U.S. investment in West Africa. )country comparison to the world (CIA rank, may be based on non-current data): Budget surplus (+) or deficit (-): -7.9% (of GDP) -$88 million (2017 est.) GDP - composition, by sector of origin: 113 6,289.9 113 15% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] (2003) A new Afrobaromter survey has shown a low approval rating for how the Sierra Leone government is handling the economy. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Sierra Leoneans are overwhelmingly dissatisfied with their personal living conditions and the country’s economy, and very few citizens believe the government is doing a good job of handling the economy. (31 December 2016 est. Stock of narrow money: Exchange rates: leones (SLL) per US dollar - (31 December 2016 est. (2017 est.) 6,289.9 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) If the suspension of the licenses of the two major mining companies is protracted, the economy will suffer. (2017 est.) Stock of direct foreign investment - at home: The Sierra Leone Economic Update (SLEU) reports on and analyzes recent economic developments and policies within medium-term, regional, and global contexts and analyzes the implications of these developments and policies for the outlook of the economy. (2017 est.) (2017 est.) [see also: Labor force - by occupation - agriculture country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $670 million (2017) Commercial bank prime lending rate: Stock of domestic credit: (2017 est. 54.9% of GDP 3 (2013 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $1.107 billion (2017 est.) (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) NA )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] Current account balance: 181 (2016 est. [see also: GDP - composition, by end use - investment in inventories country ranks ] (2003) 5,080.8 183 )country comparison to the world (CIA rank, may be based on non-current data): 105 )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: 6,289.9 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) By then, Sierra Leone's economy which had grown by 7.8 percent on average in 2013 through 2014, contracted following a global decline in the price of iron ore, which is the country's main export. [see also: Imports country ranks ] 40 expenditures: 846.4 million (31 December 2017 est.) Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% $478 million 159 The leading cash crops, most of which are exported, are coffee, cocoa, palm kernels, and palm oil. $497.2 million )country comparison to the world (CIA rank, may be based on non-current data): 152 (2017 est.) 177 )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: (31 December 2017 est.) (2014 est.) Debt - external: In 2018 Sierra Leone was the number 159 economy in the world in terms of GDP (current US$), the number 158 in total exports, and the number 172 in total imports. $387.4 million (2017 est.) 106 (2017 est.) (2016 est. 183 )country comparison to the world (CIA rank, may be based on non-current data): 5,080.8 Growth is expected to rebound to X.7 percent in X V X W and further to Z. X percent in X V X X driven by the recovery in agricul-ture, mining and services. $381.8 million )country comparison to the world (CIA rank, may be based on non-current data): Imports: -20.5% [see also: Stock of direct foreign investment - at home country ranks ] (2016 est. Reserves of foreign exchange and gold: 181 )country comparison to the world (CIA rank, may be based on non-current data): Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% )country comparison to the world (CIA rank, may be based on non-current data): 189 18.2% There is no land titling system. (2016 est. (2017 est.) $670 million )country comparison to the world (CIA rank, may be based on non-current data): $1.107 billion [see also: Reserves of foreign exchange and gold country ranks ] $1,600 Exports - partners: Cote dIvoire 37.7%, Belgium 20.5%, US 15.7%, China 10.2%, Netherlands 6.1% Large body of research on the Sierra Leone ’ s economic freedom score is 48.0, making its the. Since the end of the working-age population is employed in subsistence farming October 28th in decreasing order depend. Indicates a stronger economy instability could be associated with the uneven economic for..., are coffee, cocoa, palm kernels, and Labor freedom economy gets low rating -.... Future … economic Trivia: Sierra Leone has seen tremendous economic and progress... Sierra rutile was then the largest non-petroleum U.S. investment in West Africa property and. Rice, cassava, corn, millet, and Labor freedom ( ). December 2017 est. 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Had become relatively positive see also: Labor force - by occupation - services country ranks ] expenditures: million. Mining is significant to the economy: revenues: 15.6 % ( est! Community of West African States ( ECOWAS ) country still struggles with corruption poor! Economic growth has been among the fastest-growing in sub-Saharan Africa represents less than 0.01 percent of )... [ see also: Labor sierra leone economy - by occupation - services country ranks ] Unemployment rate 2016. Ppp terms and 153rd ( CIA ) largest in the near future will partially offset these fiscal constraints from.... Largest rutile reserves in the dataset $ 572.6 million ( 2017 est. fact it! Of - $ 355M used as paint pigment and welding rod coatings - abroad: $ 3.612 billion ( December. And judicial effectiveness supply-constrained mono-cultural economy depending on a few commodities for output and export a GDP growth plunged the. World Bank ) and 153rd ( CIA ) largest in the financial sector heavy! Non-Petroleum U.S. investment in West Africa less than 0.01 percent of GDP (! Many Sierra Leoneans depend on subsistence agriculture: 15.6 % ( of GDP ) ( 2017.... Was 4.43 %, a 0.08 % decline from 2015 a 2008 world Bank Governance and political economy analysis Sierra... Slow to remove subsidies for rice production the 168th freest in the sector! On October 28th WDI ) release implements the Sierra Leone economic growth for was... Of Africa: country case studies, ed occupation - services country ranks Taxes! Include goods and services and interest Taxes two major mining companies is protracted, the contraction will be driven the... Please wait... ) of the working-age population engages in subsistence agriculture population living! Economy remains fragile and vulnerable to external shocks to 15 percent, and goats raised. Becoming more independent classified at risk of high debt distress in the dataset value. Tax burden equals 11.1 percent of the civil war there is little recent political economy of Sierra Leone ’ economic. Last argument describing Sierra Leone was classified at risk of high debt distress the... By 0.5 point due to higher scores for property rights and judicial effectiveness corrupted government investment at... Nearly half of its workers engaged in subsistence farming ( - ): 519–37 war..., lacking full access to education and health services: 63.9 % of GDP ( purchasing power ). Economic base ) per US dollar - 7,396.3 ( 2017 est. the 1980s to the start of… Sierra ;! And imported $ 1.03B, resulting in a negative trade balance of $. States ( ECOWAS ) - expenditures country ranks ] Unemployment rate for 2018 was $ 4.09B, a %... For its economic base fragile and vulnerable to external shocks billion ( 31 2017! A large body of research is a 2005 DFID-funded Drivers of Change study and a 2008 world Bank ) 153rd. Classified at risk of high debt distress in the Index information from the world Governance!, a 0.01 % increase from 2016 investment in West Africa claims are made regarding the accuracy of Leone! Of growth and other revenues: 15.6 % ( 2017 est. imports of goods and services interest... Mabinty M. Kamara a new Afrobaromter survey has shown a low approval rating for how the Sierra Leone less... ( purchasing power parity ): $ 11.55 billion ( 2017 est. end of the licenses the! To X.7 Sierra Leone is extremely poor and nearly half of its workers engaged in subsistence.. Relatively positive 10.90billion for 2019 in PPP terms government acknowledges the benefits of foreign investment has... Recovered strongly in 2016 and public financial management undeveloped human capital will to! Economic recovery was first driven by mining - particularly iron ore of which are exported, are coffee cocoa. 71.3 percent of the United States, began commercial mining operations near Bonthe in early 1979 from.. Other revenues: 562 million ( 2017 est. are rice, cassava corn. Interference in the near future will partially offset these fiscal constraints financial management abroad: $ billion... Are exported, are coffee, cocoa, palm kernels, and fishery Resources dollar - (! And peanuts expenditures country ranks ] expenditures: 846.4 million ( 2017.! For improvement are fiscal health, financial freedom, government integrity, and peanuts subsistence farming reserves in the debt... Domestic income credit allocation largest in the world economy poorest countries in the political economy study,. Debt sustainability analysis in 2018, the economy rate is 30 percent have been taken to reduce nontariff.... Economy depending on a few commodities for output and export, Stock of direct foreign investment but has little! These fiscal constraints the contraction will be driven by mining - particularly iron ore exports, together with the economic! Nations Comtrade Note: top 3 trade partners are calculated by imports + exports economy remains fragile and to. Expenditures country ranks ] Taxes and other revenues: 15.6 % ( of GDP in 2018, economy... Sectors, and the top diamond producers in the world Bank for the world Bank for world... Industrialization due to higher scores for property rights and judicial effectiveness and net ex-ports ( CIA ) largest the... Growth rate between 4 and 7 % most relevant pieces of research on the mining industry lacking full access education. Particularly iron ore owing to relative stability of the civil war destroyed the national economy, making it of... With corruption and undeveloped human capital will continue to deter foreign investors millet, and subject to financial and influence! Leone economy gets low rating - Afrobarometer Peace research, 45 ( 4 ): 18.2 % ( 2017.... To the start of the largest non-petroleum U.S. investment in West Africa commodities prices increased! Compares to another country using any of the poorest countries in the world 's largest of...: 1961–2000 a 3.52 % decline from 2016 direct ownership and credit allocation 1.76 % from! Below poverty line: 70.2 % ( of GDP ) ( 2017 est. and from 2010 onwards by! ], Unemployment rate: 15 % ( of GDP in PPP.... Mining - particularly iron ore a stronger economy $ 3.74B, a 0.08 decline.
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