by Max Barry

Latest Forum Topics

Advertisement

1

DispatchFactbookEconomy

by Equatorial kunde. . 7 reads.

Economy of Equatorial Kundu

𝙀𝙘𝙤𝙣𝙤𝙢𝙮 𝙤𝙛 𝙀𝙦𝙪𝙖𝙩𝙤𝙧𝙞𝙖𝙡 𝙆𝙪𝙣𝙙𝙪

Equatorial Kundu is among one of the least developed countries in the world. Around 68% of the population live in rural areas. The economy is based around agriculture(sugar, tea, corn) and mining(uranium, iron) which make up two-fourths of the GDP and make up about 80% of exports revenue. In the past the economy was dependent on economic aide from the world bank and foreign aide from Europeans. Exports are around US$900 million a year.

In 2000 the World Bank stopped giving aide to the country due to a corruption concern, however received EUR£350 million in aid when the new Liberal Government was elected. The current Conservitive Government faces many challenges in developing a good market-economy, improving the education system, and finally improving healthcare.

Major changes started taking place in 2017, and many problems are being fixed. The country faced a major fuel shortage in 2018 when the Mutharika Oil Fields ran out of oil to extract and to this day the full financial consequences to the country still are unknown. The GDP is $1900 and inflation is around 19.7% in 2018. Around 48% of the population lives below the poverty line.

Other things that make up the economy today is Tourism and Foreign aide.

Equatorial kunde

RawReport