Daily Almanac for
Nov 14, 2009
Search White Pages
Search: Infoplease Info search tips
Search: Biographies Bio search tips

Sponsored LinksTravel reviews & great deals at TripAdvisor:

EncyclopediaSierra Leone

Economy

Sierra Leone's economy is predominantly agricultural, with about half of its workers engaged in subsistence farming. The principal food crops are rice, cassava, corn, millet, and peanuts. The leading cash crops, most of which are exported, are coffee, cocoa, palm kernels, and palm oil. Poultry, cattle, sheep, pigs, and goats are raised. The fishing industry is also important.

The country has an important mining industry, which is largely controlled by foreign companies. The main minerals extracted are diamonds (the country's major source of hard currency), iron ore, gold, bauxite, and rutile (titanium ore). However, the mining industry, like other areas of the economy, was severely affected by civil strife. The country's few manufactures include refined petroleum and basic consumer goods. There is commercial ship repairing. Sierra Leone has limited rail and highway networks, which mostly serve the central and western parts of the country. Freetown has excellent port facilities; smaller ports are located at Bonthe (on Sherbro Island) and Pepel (near Freetown).

The cost of Sierra Leone's imports is considerably higher than its earnings from exports. The principal imports are foodstuffs, machinery, transportation equipment, fuels, and chemicals; the chief exports are diamonds and other minerals, cocoa, coffee, and fish. Diamond smuggling has been a problem since the 1960s, and during the civil war much of the diamond-mining area fell into the hands of rebel groups. Sierra Leone's leading trade partners are Belgium, Germany, the United States, and Côte d'Ivoire.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

    • Cite
    • Print
    • Bookmark

Premium Partner Content
HighBeam Research

Related content from HighBeam Research on: Sierra Leone: Economy

Back in business: Sierra Leone's President and CEO.(AFRICA)(Ernest Bai Koroma ) (Harvard International Review)

Engaging the Voices of Girls in the Aftermath of Sierra Leone's Conflict: Experiences and Perspectives in a Culture of Violence (Anthropologica)

A question of intervention: American policymaking in Sierra Leone and the power of institutional agenda setting.(Essay) (African Studies Quarterly)

SIERRA LEONE: The quiet revolution (New African)

Building on progress: in late November, the government of Sierra Leone met with its development partners for two days of talks discussing its poverty reduction strategy. The outcome was the promise of unprecedented new aid mechanisms and commitments. Stephen Williams reports.(International Development ) (African Business)

My hope for this rich, but poor country. (Essay).(Sierra Leone)(Statistical Data Included) (African Business)

Economic Apocalypse looms. (Sierra Leone)(includes related article on South African mercenaries who are training Sierra Leone's army) (African Business)

WHY KOSOVO AND NOT SIERRA LEONE? (Sojourners)

The State and the Provision of Social Services in Sierra Leone Since Independence, 1961-1991 (Journal of Third World Studies)

Lack of data mars golden opportunity: gold has the potential to outshine diamonds in Sierra Leone if local geologists' predictions prove to be correct and the numerous deposits of gold in the country can be productively and efficiently mined. But lack of data could be the stumbling block. Victoria Averill reports.(SIERRA LEONE) (African Business)

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.