Economy Of Sierra Leone
The economy of Sierra Leone is that of a least developed country with a GDP of approximately 1.9 billion USD in 2009. Since the end of the civil war in 2002 the economy is gradually recovering with a GDP growth rate between 4 and 7%. In 2008 it's GDP in PPP ranked between 147th (World Bank) and 153rd (CIA) largest in the world. Sierra Leone's economic development has always been hampered by an overdependence on mineral exploitation. Successive governments and the population as a whole have always believed that "diamonds and gold" are sufficient generators of foreign currency earnings and lure for investment. As result large scale agriculture of commodity products, industrial development and sustainable investments have been neglected by governments. The economy could thus be described as one which is "exploitative" and based on the extraction of unsustainable resources or non-reusable assets. Sierra Leone is a member of the WTO.
Read more about Economy Of Sierra Leone: Sectors, Macro-economic Trend, Trade and Investment, External Assistance
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