Economy 

The South Sudanese economy's expenditures on" key social sectors including health, education, water and sanitation, and agriculture and rural development are limited," according to the World Bank. Ongoing civil conflicts, flooding and violence throughout the nation have plagued the country's economy. These instabilities impact oil production, the country's primary source of national revenue. The fluctuations have caused the government to lose focus on developing key sectors of society like agriculture, health, and education. Things would have improved the nation's economy and the life of every South Sudanese in the country.

 

The unity government formed in September 2018 provided hope for the people and the economy. When temporary peace was achieved with the revitalized peace agreements signing, oil production resumed. Still, political and military instability threatened to take the country back to economic stagnation. The economy's future rests on a unified government that works efficiently to bring everlasting peace. The forces in the country must become unified, and there has to be a formal power-sharing agreement to take the nation forward and undo decades of economic stagnation.

 

The oil sector produced 62.1 million barrels in FY2019/20, which increased from the 49.1 million barrels produced in FY2018/19. The agriculture sector only grew by 6% in 2020. In June 2021, 51.2% of the South Sudanese working class reported reduced earnings; in October 2020, it degraded to 50.7%. The stats don't reflect the whole nation. Many citizens in the country are internally displaced persons in refugee camps suffering from poverty and lack of shelter and are the first to be struck by political instability.

 

In conclusion, South Sudan needs to invest in other vital sectors like health, agriculture, education, water and sanitation, to name a few, in addition to oil. By supporting and developing these critical sectors of the economy, the government can provide jobs and have excess capital for business owners to borrow from to create local economies. The only way to a vibrant and prosperous economy is through political stability, which can only result as parties honour the revitalized peace agreements and implement security arrangements.