Overview: In 2018 Sierra Leone was the number 159 economy in the world in terms of GDP (current US$), the number 158 in total exports, and the number 172 in total imports. In 2018, Sierra Leone exported $677M and imported $1.03B, resulting in a negative trade balance of -$355M. In 2018, Sierra Leone's exports per capita were $88.5 and its imports per capita were $135.
In 2018 Sierra Leone exported a total of $677M, making it the number 158 exporter in the world. During the last five reported years the exports of Sierra Leone have changed by -$992M from $1.67B in 2013 to $677M in 2018.
In 2018 Sierra Leone imported $1.03B, making it the number 172 trade destination in the world. During the last five reported years the imports of Sierra Leone changed by -$271M from $1.3B in 2013 to $1.03B in 2018.
In 2018, Sierra Leone exported $116M worth of services. The top services exported by Sierra Leone in 2018 were Personal travel ($20.5M), Other business services ($19.6M), Business travel ($18.2M), Transportation ($18M), and Computer and information services ($15.9M).
The top services imported by Sierra Leone in 2018 were Transportation ($150M), Other business services ($111M), Personal travel ($47.5M), Computer and information services ($35.4M), and Insurance services ($35.1M).
This section shows forecasts for total product exports and imports for Sierra Leone. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
During the last 2 years Sierra Leone's economy has become relatively more complex, moving from the 103rd to the 80th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for Sierra Leone according to the relatedness index, are Crustaceans (0.073), Coconuts, Brazil Nuts, and Cashews (0.073), Gold (0.072), Crude Petroleum (0.07), and Rubber (0.066). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Sierra Leone is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Sierra Leone
