section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  In 2010, Sudan was considered the 17th-fastest-growing economy in the world and the rapid development of the country largely from oil profits even when facing international sanctions was noted by The New York Times in a 2006 article. Because of the secession of South Sudan, which contained about 75 percent of Sudan's oilfields, Sudan entered a phase of stagflation, GDP growth slowed to 3.4 percent in 2014, 3.1 percent in 2015 and was projected to recover slowly to 3.7 percent in 2016 while inflation remained as high as 21.8% as of 2015. Sudan's GDP fell from US$123.053 billion in 2017 to US$40.852 billion in 2018.
  
  Even with the oil profits before the secession of South Sudan, Sudan still faced formidable economic problems, and its growth was still a rise from a very low level of per capita output. The economy of Sudan has been steadily growing over the 2000s, and according to a World Bank report the overall growth in GDP in 2010 was 5.2 percent compared to 2009 growth of 4.2 percent. This growth was sustained even during the war in Darfur and period of southern autonomy preceding South Sudan's independence. Oil was Sudan's main export, with production increasing dramatically during the late 2000s, in the years before South Sudan gained independence in July 2011. With rising oil revenues, the Sudanese economy was booming, with a growth rate of about nine percent in 2007. The independence of oil-rich South Sudan, however, placed most major oil fields out of the Sudanese government's direct control and oil production in Sudan fell from around 450,000 barrels per day (72,000 m 3 /d) to under 60,000 barrels per day (9,500 m 3 /d). Production has since recovered to hover around 250,000 barrels per day (40,000 m 3 /d) for 2014–15.
  
  To export oil, South Sudan relies on a pipeline to Port Sudan on Sudan's Red Sea coast, as South Sudan is a landlocked country, as well as the oil refining facilities in Sudan. In August 2012, Sudan and South Sudan agreed to a deal to transport South Sudanese oil through Sudanese pipelines to Port Sudan.
  
  The People's Republic of China is one of Sudan's major trading partners, China owns a 40 percent share in the Greater Nile Petroleum Operating Company. The country also sells Sudan small arms, which have been used in military operations such as the conflicts in Darfur and South Kordofan.
  
  While historically agriculture remains the main source of income and employment hiring of over 80 percent of Sudanese, and makes up a third of the economic sector, oil production drove most of Sudan's post-2000 growth. Currently, the International Monetary Fund (IMF) is working hand in hand with Khartoum government to implement sound macroeconomic policies. This follows a turbulent period in the 1980s when debt-ridden Sudan's relations with the IMF and World Bank soured, culminating in its eventual suspension from the IMF.
  
  According to the Corruptions Perception Index, Sudan is one of the most corrupt nations in the world. According to the Global Hunger Index of 2013, Sudan has an GHI indicator value of 27.0 indicating that the nation has an 'Alarming Hunger Situation.' It is rated the fifth hungriest nation in the world. According to the 2015 Human Development Index (HDI) Sudan ranked the 167th place in human development, indicating Sudan still has one of the lowest human development rates in the world. In 2014, 45% of the population lives on less than US$3.20 per day, up from 43% in 2009.