Sierra Leone is a LDC in Western Africa member of the Economic Community of West African States (ECOWAS) and the West African Monetary Zone (WAMZ). With an economy strongly based on agriculture, It is a country rich of diverse natural resources and counts prized commodities such as diamonds, rutile, cocoa and coffee among its main exports. Its top destinations for exports are China, Belgium, but also Japan and Turkey.
In recent years, Sierra Leone has made tremendous efforts to ameliorate its trade environment and boost its economy. The government has undertaken several fiscal and monetary reforms to contain inflation and minimize debt and adopted sound measures to increase agricultural production. In terms of trade, the country’s efforts have been crowned by ranking 11th among the top 50 economies for “narrowing the distance to the frontier the most since 2005” according to the World Bank report Doing Business 2013. Furthermore, the government has recently solicited ITC’s expertise in the areas of trade Intelligence building, institutional strengthening and sector development with the vision to ameliorate Sierra Leone’s trade capacities. Sierra Leone is also an eligible country for assistance under the Enhanced integrated Framework.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.