Economy Of Sierra Leone - Sierra Leone Information

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Economy Of Sierra Leone
Sierra Leone Information - Country Guides

Economy overview	Sierra Leone is an extremely poor African nation with tremendous inequality in income distribution. It does have substantial mineral, agricultural, and fishery resources. However, the economic and social infrastructure is not well developed, and serious social disorders continue to hamper economic development, following a 11-year civil war. About two-thirds 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. Plans continue to reopen bauxite and rutile mines shut down during the conflict. The major source of hard currency consists of the mining of diamonds. 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 to supplement government revenues.
GDP	purchasing power parity - $3.057 billion (2004 est.)
GDP - real growth rate	6.5% (2004 est.)
GDP - per capita	purchasing power parity - $500 (2004 est.)
GDP - composition by sector	agriculture: 49% industry: 31% services: 21% (2001 est.)
Investment gross fixed
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.)
Labor force	1.369 million (1981 est.)
Labor force by occupation	agriculture NA, industry NA, services NA
Unemployment rate	NA
Budget	revenues: $96 million expenditures: $351 million, including capital expenditures of na (2000 est.)
Public debt
Agriculture products	rice, coffee, cocoa, palm kernels, palm oil, peanuts; poultry, cattle, sheep, pigs; fish
Industries	mining (diamonds); small-scale manufacturing (beverages, textiles, cigarettes, footwear); petroleum refining
Industrial production growth rate	NA
Electricity production	250.1 million kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	232.6 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	6,500 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$49 million f.o.b. (2002 est.)
Exports commodities	diamonds, rutile, cocoa, coffee, fish (1999)
Exports partners	Belgium 61.2%, Germany 14.2%, UK 4.5%, US 4.5% (2003)
Imports	$264 million f.o.b. (2002 est.)
Imports commodities	foodstuffs, machinery and equipment, fuels and lubricants, chemicals (1995)
Imports partners	Germany 23.7%, UK 9.9%, Cote d'Ivoire 7.4%, France 7.4%, US 5.3%, Netherlands 5.1%, Ukraine 4.6% (2003)
Reserves of foreign exchange gold
Debt external	$1.5 billion (2002 est.)
Economic aid recipient	$103 million (2001 est.)
Currency	leone (SLL)
Currency code	SLL
Exchange rates	leones per US dollar - 2,347.94 (2003), 2,099.03 (2002), 1,986.15 (2001), 2,092.12 (2000), 1,804.19 (1999)
Fiscal year	calendar year

Sierra Flag Map Of Sierra Leone Mende language Temne language

Economy Of Sierra LeoneSierra Leone Information - Country Guides

Economy Of Sierra Leone
Sierra Leone Information - Country Guides