Sierra Leone ECONOMICS SL DEVELOPMENT PROJECT

Week 1 - Sierra Leone at the present is still recovering from the effects of the civil war occurring from 1990 to 2001. It had at that point largely relied on conflict diamonds as a source of income, which were used primarily to fund the conflict. Whilst diamonds still make up a major part of the Sierra Leone economy, the country has shifted away from this and towards iron, tin, and titanium ores. The country has been on a slow and steady upwards trend of about 4%-7% per year, with the exception of 2015, where the economy suffered a downturn.

Week 2 -Education Indicator: Primary School Completion Rate (%) This is a measure of the total amount of children who have completed their primary school education in a given country. Sierra Leone: 74% (2011) Health indicator: Malnutrition (weight by age %) This is a measure of how many people suffer from malnutrition out of the total populace: Sierra Leone: 8% (2008)

Primary Completion Rate - Sierra Leone: 74%, United States: 104%
Malnutrition: Sierra Leone: 9.7%, United States: 0.2%

Week 3 - Domestic Factors:

Education:

The primary completion rate in Sierra Leone has risen from 58% in 2001 to 74% in 2011. In terms of the total male population, it has risen from 64% to 78%, and in terms of the total female population, it has risen from 55% to 71%.

Analysis of Primary Completion Rates - Boys and Girls

An increase in education, especially in a higher proportion with respect to the female education standards, indicates that there is economic development happening in the country. Female empowerment and an increase in education standards means that infrastructure for future generations is being created. We see that in the GDP per Capita increasing from 2001 onwards.

Sierra Leone has been plagued by corruption; it is part of the reason why it has had such a strong recession in the economy up until the early 2000s. The blood diamond trade has ravaged the country of it's natural resources in order to fund a war. Since then, while it is not funding a conflict, Sierra Leone has recently come under fire for accusations of corruption to do with the diamond trade, amongst other industries. Whilst the country has been relatively politically stable since the civil war, Sierra Leone is plagued by weak governance and the problem of corruption has not yet been eradicated completely.

Week 4 - Sierra Leone has a fairly narrow export portfolio; it's main exports are mostly focused on metal ores and diamonds.

Sierra Leone's Export Portfolio

Sierra Leone's export portfolio has always been narrow; as aforementioned, Sierra Leone's main export was diamonds during the 90s, but this supply has been diminished by the civil war.

Only in recent years has the export of mineral products (ores) been a significant export for Sierra Leone. From $113M USD in 2011, the export of mineral products has increased to $1.77B USD in 2014, before falling again in 2015 to $305M USD. This last drop can be put down to the outbreak of the Ebola virus, which had significant ramifications to the economy as a whole.

Black Line = Mineral Prodiucts

Week 5

Several trade strategies have helped Sierra Leone become more economically developed over the last decade.

One of these is diversification. In the 90s, Sierra Leone mostly depended on agricultural products, such as animal and vegetable products. Since then, the Sierra Leone economy has expanded to diamonds and metal ores, which have since come to make up the majority of the Sierra Leonean export portfolio.

Week 6

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