Sierra Leone

Economic Overview

Sierra LeoneSierra 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 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.

GDP Growth rate: 7.1% (2006 est.)

GDP - composition by sector:

  • Agriculture: 49%
  • Industry: 31%
  • Services: 21% (2001 est.)

Trade per capita (US$, 2003-2005): 117

Trade to GDP ratio (2003-2005): 57.3

Exports:

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

Imports:

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

Exports - commodities:

Diamonds, rutile, cocoa, coffee, fish

Imports - commodities:

Foodstuffs, machinery and equipment, fuels and lubricants, chemicals

Exports - partners:

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

Imports - partners:

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

Share in world total merchandise exports     0.00
Share in world total merchandise imports     0.00
Share in world total commercial services exports   0.00
Share in world total commercial services imports    0.00

Indicators

HEALTH | EDUCATIONAL | ECONOMIC | POLITICAL

GENERAL INDICATORS
 
HDI Rank 176
GDP (US $ Bill.)2004
1.1
GDP (PPP US $ Bill.)20043
GDP Per Capita (PPP US $)2004561
 
GDI Rank 135
GDI Value 0.317
GEM Rank ..
GEM Value ..
 
Total Population (Mill.)19752.9
 20045.3
 20156.9
Total Female Population (in '000)20062878
Population living below $ 1 a day in Percentage1990-2004..
Population living below the national poverty line in Percentage 1990-2003d70.2
 
HEALTH INDICATORS
 
Total Fertility Rate (Births per Woman) 1970-756.5
  2000-056.5
Maternal Mortality Ratio (Adjusted per 100000 live births) 20002000
Probability of Female Survival at birth to 65 yrs  2000-0536.2
Probability of Male Survival at birth to 65 yrs 2000-0530.7
Life Expectancy at Birth (years) 200441
Female Life Expectancy at Birth (Yrs) 42.4
Male Life Expectancy at Birth  (Yrs) 39.6
Population without sustainable access to safe water in Percentage 200443
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EDUCATIONAL INDICATORS
 
Combined Gross Enrolment Ratio* in Percentage 200465
Combined Gross Enrolment Ratio* (F) in Percentage 55
Combined Gross Enrolment Ratio* (M) in Percentage 75
Female Legislators, Officials & Managers (% of Total) ..
Female Professionals & Technical Workers (% of Total) ..
Adult Literacy Rate (% ages 15 and older) 200435.1
Female Adult Literacy Rate ( % ages 15 and older) 24.4
Female Adult Literacy Rate (as % of Male Rate) 52
Female Youth Literacy Rate (% ages 15-24) 37.2
Female Youth Literacy Rate (as % of Male Rate) 63
Net Primary Enrolment Female Ratio (in %) ..
Net Primary Enrolment Ratio of Female to Male  ..
Net Secondary Enrolement Female Ratio (in %) ..
Net Secondary Enrolment Ratio of Female to Male ..
Gross Tertiary Enrolment Female Ratio (in %) 1
Gross Tertiary Enrolment Ratio Female to Male  0.39
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ECONOMIC INDICATORS
 
Estimated Female Earned Income( PPP US$) 353
Estimated Male Earned Income (PPP US $) 775
Ratio of Female to Male Estimated Earned Income 0.45
Female Economic Activity Rate (% ages 15 and older) 56
Female Economic Activity ( index, 1990=100, ages 15 and older) 105
Female Economic Activity ( as % of male rates, ages 15 and older)  60
Female Employment Agriculture (%) ..
Male Employment Agriculture (%) ..
Female Employment Industry (%) ..
Male Employment Industry (%) ..
Female Employment Services (%) ..
Male Employment in Services (%) ..
Women Contributing Family Workers (%) ..
Men Contributing Family Workers (%) ..
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POLITICAL INDICATORS
 
Seats in Parliament  (Women as % of Total) 14.5
 Female Suffrage Granted (Year) 1961
Elections Contesting Rights (Year) (A=Appointed, E=Elected) 1961
Year of First Woman Elected ..
Women Ministers (as  % of total) 13
Seats held in Lower/Single House by Women (as % of Total) 14.5
Seats held in Upper House/Senate by Women (as % of Total)  
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Source : UNDP HDR 2006

Notes:

.. Data Not Available

a.Data refer to medium-variant projections.

* For Primary, Secondary and Tertiary Schools