South Sudan Economic information

South Sudan is one of the newest and youngest countries in Africa. South Sudan, which gained independence from Sudan in 2011, has economic potential due to its oil reserves. However, the country's civil wars, ethnic conflicts and political instability in the post-independence period negatively affected the economic growth and development process. South Sudan's economy is based on agriculture, oil and mining sectors. Agriculture is the country's largest source of employment and a large part of the population is engaged in agriculture. Major agricultural products include grains, fruits and vegetables, cotton and sesame. Oil is South Sudan's most important export product and contributes greatly to the country's economy. However, oil production and exports have steadily declined due to civil wars and border disputes. In addition, falling oil prices also negatively affected the country's economic situation. The mining sector is also a sector that contributes to the economy of South Sudan. The country has minerals such as gold, iron ore, copper and uranium. However, the mining sector is not yet developed enough and cannot fully use its potential. South Sudan is also going through a difficult period economically. It faces problems such as high inflation, low living standards, inadequate infrastructure and basic services. Additionally, millions of people have been displaced and a humanitarian crisis has occurred due to civil wars and conflicts. International aid and investments support South Sudan's economic development and stability process. In order for the country to fully utilize its economic potential, it is important to ensure political stability, create a peaceful environment and make infrastructure investments.