Sierra Leone GDP Data & Country Report

Sierra Leone Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Sierra Leone; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Sierra Leone

International Reserves

US$ 408.971 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 2.203 billion (2010 estimate)

GDP (Purchasing Power Parity)

5.013 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.8%	18.2%	27.4%	9.5%	7.4%	7.2%	7.3%	6.4%
2008	2009	2010	2011*
5.5%	3.2%	5%	5.1%

*Estimate

GDP per capita - current prices

US$ 367 (2010 estimate)

GDP per capita - PPP

$836 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.02%	0.01%	0%	0.01%	0.01%

**Forecast

GDP - composition by sector

agriculture: 51%
industry: 21.7%
services: 27.3% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
14.8%(2008)	9.2%	17.8%	14.7%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
55.2%	53.7%	60%	57.3%	49.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
25.8%	-4.7%	-3.2%	-4.8%	-5%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Sierra Leone

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.3 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-11.9% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

15.7% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

N/A

Export commodities

diamonds, rutile, cocoa, coffee, fish

Total imports

US$560 million f.o.b. (2006)

Import commodities

foodstuffs, machinery and equipment, fuels and lubricants, chemicals

Exports - major partners

Belgium 49.3%, US 20.5%, Netherlands 4.5%, Canada 4.1% (2007)

Imports - major partners

Cote d'Ivoire 10%, China 10%, US 9.5%, UK 6.2%, Netherlands 5.1%, India 4.7% (2007)

FDI inflows

2008	2009	2010
US$53 million	US$33 million(2009)	US$36 million(2009)

FDI outflows

2008	2009	2010
N/A	N/A	US$5 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 143 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 61 out of 183 countries(2009)

Registering property: 169 out of 183 countries

Paying Taxes: 159 out of 183 countries

Getting credit: 128 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 136 out of 183 countries

Enforcing Contracts: 144 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 149 Score: 49.6 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC 0

Total area

71,740 km² (2006)

Capital

Freetown (2009)

Currency

leones (SLL) (2009)

Government type

constitutional democracy (2009)

Languages

English (official, regular use limited to literate minority), Mende (principal vernacular in the south), Temne (principal vernacular in the north), Krio (English-based Creole, spoken by the descendants of freed Jamaican slaves who were settled in the Free

Religions

Muslim 60%, Christian 10%, indigenous beliefs 30%

Total population

1980	1990	2000	2010*	2015**
2.88 million	3.53 million	4.23 million	5.85 million	6.65 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
17.4%	29.1%	35.5%	38.1%

Population median age

18.0 years (2006)

Population growth rate

2.4% (2009)

Life expectancy

42 years (2007)

Adult literacy

38% (2000/2007)

% of population living on less than $2 a day

76.08% (2011)

Inequality of wealth distribution (Gini index)

42.5 (2003)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

34.32% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

N/A

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.2401 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Standard Chartered (2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS International Commercial Bank (Sierra Leone) (National, 2012)

2011:

COUNTRY WINNERS International Commercial Bank-Sierra Leone (National, 2011)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Standard Chartered (National, 2012)

2011:

COUNTRY WINNERS Standard Chartered (National, 2011)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Emerging Markets Roundup: Africa (1 match)
Archives > September 2011

Sierra Leone GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011: