128,764 views
17 votes
17 votes
Write a short essay about the economy of South Sudan from 400 to 450 words ​

User Panosl
by
2.8k points

1 Answer

29 votes
29 votes

Answer:

oil

Step-by-step explanation:

oil is the short answer

Sudan holds 5,000,000,000 barrels of proven oil reserves as of 2016, ranking 23rd in the world and accounting for about 0.3% of the world's total oil reserves of 1,650,585,140,000 barrels. Sudan has proven reserves equivalent to 97.8 times its annual consumption.

worldometers

its money is called South Sudanese pound

wikipedia

1 dollar is worth 130.26 South Sudanese pounds SSP

mataf

It got independence from Sudan on 9 July 2011

wikipedia

About 82% of the population in South Sudan is poor according to the most recent estimates, based on the $1.90 2011 purchasing power parity poverty line

world bank

Sudan has a largely traditional economy in which the majority of the citizens rely on agriculture, and there is limited central planning by the government. Sudan is a member of the League of Arab States (Arab League) and the Common Market for Eastern and Southern Africa (COMESA).

global edge

User Jdmorgenstein
by
2.8k points