Sudan
The Sudanese economy still struggles to find traction after losing almost 75% of its oil production capacity following the 2011 secession of South Sudan. Nevertheless, the agricultural and mining sectors have provided some support in an economy plagued by conflict, corruption and double-digit inflation.
President Omar Al-Bashir has stepped down as president of Sudan after a successful military coup by the Sudanese Armed Forces on April 11. This follows four months of continuous anti-government protests which reached a critical mass of 500,000 people on April 6. Despite the short-run gains from a recovering agricultural sector, Sudan’s economy remains severely constrained due to high inflation, liquidity shortages, and a repressive government. Economic and political risks are very high and are expected to remain elevated throughout 2019. (Source: Sudan Quarterly Update, published April 2019)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-4.1 |
|
Consumer Price Index (% change y-o-y, avg) |
63.3 |
|
Current Account Balance (as a % of GDP) |
-9.9 |
|
Real GDP (annual % change) |
1.2 |
|
GDP per Capita, US$ |
1,200.5 |
|
Import Cover (months) |
0.2 |
|
Population, million |
41.6 |
| Total External Debt (as a % of GDP) |
108.8 |