SierraLeone, has been ranked to be amongthepoorest countriesin the world on different occasion. More than fifty percent of thepopulation at the working age are participating on farming on asubsistence scale.Still healing up from the civil war, the country amasses lots ofresources which includes minerals butnot limited to Agricultural and Fishing.Lately,there was a boom in the mining sector which was mainly related to theiron ore export.
This was the main influence of the ecnonmy strengthand growth but it is determined by the demand and supply of theseproduct by the world markets. The governments has ben consistentlylook up to aid from International Organization to support it budgetbut it was gradually becoming less dependent until the Ebolaoutbreak. This outbreak and Epidemic was an epidemic to country aswe as its economic activity as it led to a sincere shrunk and anegative result of the gross domestic product.
ThisEpidemic has been officially declared ended in November, 2015. A fallin the price of products, couple with no export as well as a shrinkedeconomic activity, led to the highest fiscal shortage. Theother economic activity were restrained by lack of structuralplatform which includes no electricity, very poor road network and transportation.
There were hopes of a boom in iron ore miningactivity to slightly support the economy but it was not futile.Anexpansion of the economy would be determined by the increase inprices of products as well as the focusing on wide varieties ofactivities for growth in Economic activities, other than the Mining.However, an acute intervention of corruption, severe lack of humanresources are the made reasons for foreign direct investment.However, since there are sustainable sources of internationalsupport, these support might help balance out these differences.(TheWorld Factbook — cia.gov)