Sierra Leone

Country risk rating

D4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

GDP USD3.99bn (World ranking 161, World Bank 2018)
Population 7.65mn (World ranking 101, World Bank 2018)
Form of state Constitutional democracy
Head of government Julius Maada Bio (President)
Next elections 2023, presidential and legislative
  • Valuable natural resources, including diamonds, oil, gold, iron and bauxite
  • The current government is committed to improving social and business conditions: clarity, education, access to electricity
  • The agricultural sector is recovering very fast and now drives economic growth
  • Good access to the ocean and harbor activity
  • Weak currency and high inflation
  • Structural current account deficit (-11.5% of GDP in 2019)
  • Weak majority at the parliament that deters reform adoption
  • High corruption, including at top-level roles
  • Low (FDI and tourism) attractiveness after years of civil war and the Ebola outbreak in 2014

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

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