72759 v2 World Trade Indicators 2009/10 Sierra Leone: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $1,953 $351 0.00% $183 1961 1995 1 0 TRADE PERFORMANCE‡ SLeone Ranking Decile SSA Low inc TRADE POLICY (TP) (out of 125) .. .. EXTERNAL ENVIRONMENT (EE) (out of 125) .. .. INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 148 9 TRADE FACILITATION (TF) (out of 155) 153 10 TRADE OUTCOME (TO) (out of 157) 49 4 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) .. .. .. TTRI (applied tariff including preferences) .. .. .. MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. .. .. MFN applied tariff - simple avg (%) .. .. 13.6 13.6 * TTRI (MFN) Dispersion (coefficient of variation) .. .. 0.7 0.7 * Maximum rate (excl. alcohol and tobacco) .. .. 30.0 30.0 * Agriculture - simple avg (%) .. .. 16.4 16.4 * MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) .. .. 13.1 13.1 * MFN applied tariff - trade weighted avg (%) .. .. 13.5 13.5 * Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) .. .. .. .. Agriculture .. .. .. .. Import duties Nonagriculture .. .. .. .. Applied tariff (incl. prefs.) - production weighted avg (%) .. .. .. 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) 4.0 3.7 3.7 SLeone SSA Low inc Agriculture .. 4.6 4.7 4.7 * Nonagriculture .. 6.3 5.9 5.9 * Import duties (% of imports) 17.9 16.5 .. .. Tariff overhang (MFN bound minus MFN applied rate,%) .. .. 33.9 33.9 * GATS commit. Bound tariff frequency ratio (% of total lines) .. .. 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) .. .. 0.3 0.3 * Non-tariff measures frequency ratio (%) .. .. .. .. 0 40 80 Anti-dumping initiations 0.0 0.0 0.0 0.0 SLeone SSA Low inc Overall GATS commitment index (0-100, best) .. 27.54 27.54 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) .. .. MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) .. .. ROW applied tariff (incl. prefs.) - trade weighted avg (%) 0.4 1.1 1.0 0.9 ROW applied(wgt avg) Agriculture 2.3 3.0 2.8 4.5 Nonagriculture 0.3 0.9 0.7 0.4 MFN zero duty exports (%) MFN zero-duty exports (% of total exports) 70.2 64.9 78.8 73.2 * Exports to FTA / CU partners (% of total exports) .. .. 2.1 2.4 SLeone 0 SSA Low inc 1 Anti-dumping initiations faced 0.0 0.0 0.0 0.0 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 1.2 -7.7 3.1 6.9 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 163 156 148 Ease of Starting a business (rank) .. 94 58 58 Doing 160 Business Enforcing contracts (rank) .. 139 144 144 Rank Closing a business (rank) .. 144 147 147 80 World Governance Indicators (WGI) 2005 2006 2007 2008 SLeone Regulatory Quality (-2.5 to +2.5, best) -1.04 -1.07 -1.01 -0.86 SSA Rule of Law (-2.5 to +2.5, best) -1.20 -1.16 -1.14 -1.03 Low inc 0 Control of Corruption (-2.5 to +2.5, best) -1.04 -1.12 -1.03 -1.07 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 2.0 2.0 Efficiency of customs and other border procedures .. .. 1.6 2.2 Quality of transport and IT infrastructure .. .. 1.8 1.6 Logistics Performance Ease of arranging competitively-priced shipments .. .. 1.8 2.3 Index Logistics competence .. .. 1.9 1.5 Ability to track and trace shipments .. .. 2.0 1.7 0 2 4 Timeliness of shipments .. .. 2.6 2.3 SLeone SSA Low inc Trading Across Borders (Doing Business, rank out of 183) 135 137 No. of documents required for export .. .. 8 7 200 No. of days required to export .. .. 31 26 160 Cost to export (US$ per container) .. .. 1,324 1,573 120 No. of documents required for import .. .. 7 7 80 No. of days required to import .. .. 34 31 40 Cost to import (US$ per container) .. .. 1,315 1,639 0 Telephones (fixed + mobile) per 100 people 0.4 1.3 .. .. Trading Across Borders Rank Internet users per 100 people 0.0 0.2 0.2 0.3 SLeone SSA Low inc Export credit insured exposures - short term (% of goods export) .. 4.7 5.3 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## -20.3 31.3 15.8 8.2 Real Trade Growth Rate 40 Exports -20.5 14.1 20.6 9.9 30 31.3 Imports -19.8 40.8 14.5 7.7 20 15.8 10 Goods -35.5 72.9 17.4 6.5 6.3 5.9 7.3 7.1 8.1 7.6 8.2 7.0 6.5 0 Services 7.5 12.2 -5.2 1.5 -10 1995-99 2000-04 2005-07 2008 Nominal growth in trade of goods and services (%) -8.9 22.7 15.1 22.7 -20 -20.3 -30 Exports -29.8 52.5 16.1 16.6 Imports 1.1 15.3 14.8 27.0 SLeone SSA Trade integration (trade as % of GDP) 34.1 50.3 53.7 54.4 Low inc Goods balance (% GDP) -12.2 -17.7 -9.1 -9.4 Export Composition (2005-08) Food balance (% GDP) .. -4.4 .. .. Transport Services balance (% GDP) -4.4 -5.7 -2.6 -3.1 , 4.5 Goods share of total exports (%) 38.5 50.9 82.8 87.6 Travel , 12.8 Services share of total exports (%) 61.5 49.1 17.2 12.3 Oth com ser, 1.4 Goods exports as a share of world goods exports (rank)** 169 163 157 151 Services exports as share of world services exports (rank)** 161 166 172 165 Foreign Direct Investment (FDI) inflows (% of GDP) 0.2 3.0 5.5 5.7 * Total remittances inflows (% GDP) 2.5 1.8 5.1 7.7 Export product concentration index (0-100, most) 53.9 85.8 59.0 53.9 * Merchand Export market concentration index (0-100, most) .. 97.4 46.5 43.3 ise, 82.8 Top 5 export markets (shares) Belgium (41%), USA (23%), France (6%), Netherlands (4%), UK (3%) Top 5 import markets (shares) China, People's Rep. of (10%), Cote d'Ivoire (9%), USA (8%), Belgium (7%), UK (7%) Top 5 export products (SITC 3 digit-shares) .. Top 5 import products (SITC 3 digit-shares) .. ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.