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Today, oil is an important export industry in Sudan. Estimates suggest that oil accounts for between 70% and 90% of Sudan's total exports. The primary importers of Sudanese oil are Japan, China, South Korea, Indonesia, and India. [22] [23] Most of Sudan's oil reserves are located in the Muglad and Melut rift basins in the south of the country. [24]
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
Sudan is the third largest producer of gold in Africa. [7] The Sudan Gold Refinery Company, with full ownership rights vested with the Central Bank of Sudan, the Ministry of Minerals, and the Ministry of Finance and Natural Economy, produces gold in the range of 270 to 360 tons; silver alloy and silver granules are also byproducts. [4]
Sudan needs $8 billion in foreign aid over the next two years to cover its import bill and help rebuild its ravaged economy after months of political turmoil, its new prime minister said on Saturday.
East Africa is the fastest growing region in Africa. Rwanda, Ethiopia, Djibouti boast some of the fastest economic growth in the region With a growth of more than 6.0%. [7].Sudan was the Only State with a gdp recession of -4.2% due to Civil war
Sudan, [c] officially the Republic of the Sudan, [d] is a country in Northeast Africa. It borders the Central African Republic to the southwest, Chad to the west, Libya to the northwest, Egypt to the north, the Red Sea to the east, Eritrea and Ethiopia to the southeast, and South Sudan to the south.
Agriculture in Sudan plays an important role in that country's economy. Agriculture and livestock raising are the main sources of livelihood for most of the Sudanese population. [ 1 ] It was estimated that, as of 2011, 80 percent of the labor force were employed in that sector, including 84 percent of the women and 64 percent of the men.
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