Sierra Leone - Economic memorandum

Report No. 1106-SL FILE COPY Sierra Leone Economic Memorandum June 25, 1976 Western Africa Region FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties-its contents may not otherwise be disclosed without World Bank authorizationi.  CURRENCY EQUIVALENTS Currency Unit: Leone (Le) A fixed parity exists between the Leone and the Pound Sterling: L = Le 2 The Leone floats against the Dollar. Throughout this report the following rates have been used for the conversion of Leone into US dollars and vice versa: 1972 US$1 = Le 0.827 1973 US$1 = Le 0.816 1974 US$1 = Le 0.855 1975 US$1 = Le 0.900 1976 February US$1 - Le 0.987  OR OFICIAL Un ONLY TABLE OF CONTENTS Page No. Social Indicators Preface i Maps I. INCOME AND PRODUCTION 1 National Income 1 Agriculture 1 Mining 3 II. FISCAL PERFORMANCE 4 The Fiscal Year 1973/74 4 FY 1974/75 Performance 6 The 1975/76 Budget 7 The 1975/76 Outlook Is Dim 9 Revenue Returns Are Below Target 9 Inadequate Budgeting 9 Expenditure Control Measures Are Not Being Observed 10 III. MONETARY DEVELOPMENTS 12 IV. BALANCE OF PAYMENTS 16 Imports 17 Exports 18 Capital Account 18 V. EXTERNAL DEBT 21 VI. PROSPECTS 23 APPENDIX This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents nay not otherwise be disclosed without World Bank authorization.   SIERRA LEONE - SOCIAl INDICATORS DATA SHEET LANtO AMkEA (TNOU Km2N - 71.T ----------SIERRA LEONE REFERENCE CO1JTRIES (19101 TOTAL 11.1 MOOST RECENT ARABLE .. 1960 1970 ESTIMATE LIBERIA 4 GHANA ZAMBIA _---_____-_ 0_ o_.__- ----------- ; -_ -_- _-- GNP PER CAPITA (USAI .. 150.0 10.0 260.0 250.0 380.0 POPULATION AND VtTAL STATISTICS - - ---- ---- -----__ _____- -- __ -- _ _ POPULATION IMID-YR, MILLION) 2.1 2.6 2.8 1.3 8.6 4.3 POPULATION DENSITY PER SQUARE KM. 29.0 36.0 39.0 11.0 36.0 6.0 PER SQUARE KM. ARABLE LAND .. .. .. VITAL STATISTICS CRUDE BIRTH RATE PER THOUSAND .. 45.0 42.0 51.0 47.0 50.0 CRUDE DEATH RATE PER THOUSAND .. 23.0 20.0 16.0 18.0 21.3 INFANT MORTALITY RATE I/THOU) . 183.0 183.0 137.0 156.0 LIFE EXPECTANCY AT BIRTH EYRS) 41.0 44.0 53.0 46.0 44. GROSS REPRODUCTION RATE .. 2.9 2.9 2.7 3.2 3.3 POPULATION GROWTH RATE I*I TOTAL 1.1 2.2 2.2 3.0 2.6 2.9 URBAN 4.0 6.0 .. .. 5.0 13.67/ URBAN POPULATION (I OF TOTAL) 11.0 14.0/8 .. 26.0 29.0 3U.0 AGE STRUCTURE (PERCENT) 0 To 14 YEARS 37.0 75 42.0 43.O 42.0 47.0 46.0 15 TO 64 YEARS 58.07 55.0 sl5O 55.0 49.0 51.0 65 YEARS ANO OVER 5 .07 3.0 3.0 3.0 4.0 3.0 AGE DEPENDENCY RATIO 0.7 0.8 0.9 0.8 1.0 L.a ECONOMIC OEPENDENCY RATIO 1.2 1.3 .. 1.2 1.4 1.8 FAMILY PLANNING- ACCEPTORS ICUMULATIVE, THOU) .. .. .0 .. 11.0 USERS (2 OF MARRIED WOMEN) . . .. .. 2.0 EWPLOYMENT TOTAL LABOR FORCE (THOUSANDS) 940.0 /a 1050.0 .. 580.0 3300.0 1200.0 LABOR FORCE IN AGRICULTURE III 75.074 73.0 .. 72.0 54.0 69.0 UNEMPLOYED It Of LABOR FORCE) 3.0 a 2.3 b .. 20.0 /a S.o l lO.o0 INCOME OISTRIBUTION _ _---_-___---_ _ ---- 2 OF PRIVATE INCOME REC D BY- HIGHEST 5s OF POPULATION .. 36.2 / .. 60.0 HIGHEST 202 OF POPULATION . 62.8s/ .. LOWEST 202 Of POPULATION ... .. LOWEST 402 OF POPULATION .. 7.24 .. 13.0 DISTRIBUTION OF LANO OWNERSHIP _ _ __ _ __ _ _ _ _ __ _ - ____-- _----_ _ 2 OWNEO BY TOP 10t OF OWNERS .. .. .. S OWNED BY SMALLEST lo OWNERS .. .. .. HEALTH AND NJTRITrON _ _ _ - - _ _ _ _ _ _ _ _ POPULATION PER PHYSICIAN 19000.0 11110.0 .. 10450.0 12950.0 1 13580.0 POPULATION PER NURSING PERSON 2400.0 ;2390.0 5 .. 4140.0 1010.0 5 2943. POPULATION PER HOSPITAL BED 1450.0 1040.0 .. 530.0 760.0 310.0 PER CAPITA SUPPLY OF - CALORIES IY OF REQUIREMENTS) 89.0 97.0 99.0 88.0 96.0 88.0 PROTEIN IGRAMS PER DAY) 46.0 49.0 51.0 36.0 46.0 64.0 -OF WHICH ANIMAL AND PULSE .. 16.0 .. 10.0 lb 10.0t 25.075 DEATH RATE 4/THOU) AGES 1-4 .. .. .. EDUCATION ADJUSTED ENROLLMENT RATIO PRIMARY SCHOOL 27.0 34.0 7. 3.0 L 89.0 89.0 SECONDARY SCHOOL 4.0 1L.0 .1 2.0 5.0 12.0 YEARS OF SCHOOLING PROVIDED (FIRST AND SECOND LEVEL) 12.0 12.0 12.0 12.0 15.0 12.0 VOCAT (ONAL ENROLLMENT IX Of SECONDARY) 9.0 7 3.0 .. 5.0 23.0 1.0 ADULT LITERACY RATE 121 .. 15.0 *- 32.0.. HOUSI NO PERSONS PER ROOM (AVERAGE) 2.1 6 .. .. 2.6d OCCUPIED DWELLINGS WITHOUT PIPED WATER .. .. .. .. .. 88.0 ACCESS TO ELECTRICITY I2 OF ALL DWELLINGS) .. . .. RURAL DWIELLINGS CONNECTED TO ELECTRICITY (2) 2.0 ..b CONSUMPTION RADnO RECEIVERS (PER THOU POP) 4.0 16.0 21.0 132.0 78.0 18.0 PASSENGER CARS 1PER THOU POP) 2.0 9.0 8.0 11.0 4.0 14.0 ELECTRICITY (KWH/YR PER CAP) 19.Q 78.0 8L.0 330.0 338.0 932.0 NEWSPRINT IXG/YR PER CAP; 0.1 0.1 0.1 0.1 0.4 0.5 SEE NOTES AND DEFINITIONS ON REVERSE  NlOTE Unless otherwise noted, data for 1960 refer to 1959461, for 1970 to 1968-70~ mod for Kewt Recent Htimmnte to 19,71-73. *Liberia has been selected because of ongoinkg econaic integration efforts between Sierra Icons and Liberia. ma amia has been selected ma an objective country because its par esapita incoa ise nearly twicens h igh as Sierra. ,eone's and Its economic strooture al1so depends heavily on the mining sector. SIERR CaINE 1960 /a 1963; /b 1962; Lc Includting midwives, assistant murses sand midwifer-y and nursing auxiliaries; Id