Oil Powering Economic Growth
The top economies in this ranking are heavily tied to the oil sector, meaning fluctuations in production can have a drastic effect on GDP.
Let’s take a closer look at the top two.
South Sudan (+27.2%)
South Sudan’s GDP has fluctuated up and down in recent years due to an ongoing civil war that has thrown its population into extreme poverty.
As a landlocked country, South Sudan also relies on pipelines that run through its northern neighbor, Sudan, to transport its oil to the Red Sea.
In 2024, South Sudan’s most important pipeline ruptured, putting massive strain on government revenue. Repairing the pipeline is difficult because parts of it lie in active conflict zones.
According to Bloomberg, South Sudan has been seeking alternative routes to export its oil, as well as cash bailouts from Qatar and the United Arab Emirates to stay afloat.
South Sudan’s GDP has fluctuated up and down in recent years due to an ongoing civil war that has thrown its population into extreme poverty.
As a landlocked country, South Sudan also relies on pipelines that run through its northern neighbor, Sudan, to transport its oil to the Red Sea.
In 2024, South Sudan’s most important pipeline ruptured, putting massive strain on government revenue. Repairing the pipeline is difficult because parts of it lie in active conflict zones.
According to Bloomberg, South Sudan has been seeking alternative routes to export its oil, as well as cash bailouts from Qatar and the United Arab Emirates to stay afloat.
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