In-Depth Analysis
Sudan
Economic and political risks are high as former President Omar Al-Bashir was ousted in a military-led coup, after 30 years in power. This revolution signifies a structural break in the country’s economic and political landscape, and the country’s transition from authoritarian to civilian rule is remarkable. Nevertheless, conditions remain dire as the economy remains constrained due to years of corruption, conflict, and neglect.
While the political landscape has changed completely over the past year, economic conditions are still lagging behind. Years of mismanagement and unfavourable policies battered the economy, which contracted by an estimated 2.3% and 2.1% in 2018 and 2019, respectively. Macroeconomic conditions remain severely constrained due to a shrinking economy, large fiscal and external imbalances, high inflation and foreign exchange shortages. While the outlook remains grim, recovering industries, coordinated policies and the involvement of the IMF are set to boost the recovery process this year. (Source: Sudan Quarterly Update, published January 2020)
Macroeconomic Data
(2019)
|
Fiscal Balance (as a % of GDP) |
-7.4 |
|
Consumer Price Index (% change y-o-y, avg) |
50.4 |
|
Current Account Balance (as a % of GDP) |
-18.7 |
|
Real GDP (annual % change) |
-2.1 |
|
GDP per Capita, US$ |
641.0 |
|
Import Cover (months) |
0.2 |
|
Population, million |
42.8 |
| Total External Debt (as a % of GDP) |
199.7 |