Difference Between Sierra Leone And Netherlands

How well is Sierra Leone Performing Economically Compared to the Netherlands? Table of content
• Introduction
• Size of the country and employment/ unemployment
• The main industries and their sizes
• Import and export
• Natural recourses
• Currency( money) and exchange rate
• Inflation rate
• GDP
• Economic growth
• Conclusion

Economical Difference Between Sierra Leone and Netherlands
This project is about the economical difference of the Netherlands compared to Sierra Leone. Sierra Leone and the Netherlands are two different countries which are 5103.88 km away from each other. ‘’Sierra Leone is a developing country which stands at NO 12 for the poorest countries in the world`` whiles the Dutch economy is the sixth-largest economy
The main minerals mined in Sierra Leone are diamonds, rutile, bauxite, gold, iron and limonite. Mining in Sierra Leone, especially diamond mining, has been seen as one of the key factors for instability in the country and one of the reasons for the country's recent civil war. (afdb) The Netherlands is home to a few very large multinationals. Other well-known multinationals are Heineken, Philips, Ahold, TomTom, Unilever, Randstad and ING, all of which have their headquarters in Amsterdam except Unilever which is located in Rotterdam (ECONOMIST). Multinationals that pay tax in the Netherlands can agree a special rate with the Dutch Tax and Customs Administration. These lucrative arrangements are bound by a vow of secrecy, thus the effective tax rate in specific cases is unknown. However, some companies pay less than 1% corporate tax.
The overall result in 2012 was significantly lower than expected mainly due to operational problems at the large Tonkolili iron ore mine (afdb). The International Monetary Fund (IMF) reports that Sierra Leone fell two percentage points from the 15% economic growth achieved in 2012 to 13% in 2013 -14. (infoplease) According to the World Bank and the International Monetary Fund, the Netherlands was the 18th largest economy of the world in 2012 (Invest). GDP per capita is roughly $43,404 which makes it one of richest nations in the world (see: List of countries by GDP (PPP) per capita). Between 1996 and 2000 annual economic growth (GDP) averaged over 4%, well above the European average. Growth slowed considerably in 2001-05 as part of the global economic slowdown. The Dutch economy was hit considerably by the ongoing global financial crisis and the ensuing European debt crisis.