In-Depth Analysis
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.
Economic conditions have deteriorated significantly this year and prompted the authorities to implement a host of emergency measures and reforms. However, low credibility and institutional weakness shed doubt on the government’s ability to successfully stem the current economic decline. Meanwhile, rampant inflation and deep liquidity shortages will continue to constrain private consumption while a slump in agricultural output and widespread fuel shortages are expected to weigh further on the short-term growth outlook. On the political front, getting Sudan’s designation as a state sponsor of terrorism (SST) lifted has now become the government’s principal foreign policy objective as the country’s status as international pariah threatens to suffocate the struggling economy. (Source: Sudan Quarterly Update, published November 2018)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-4.0 |
|
Consumer Price Index (% change y-o-y, avg) |
63.5 |
|
Current Account Balance (as a % of GDP) |
-9.5 |
|
Real GDP (annual % change) |
1.6 |
|
GDP per Capita, US$ |
1,205 |
|
Import Cover (months) |
0.7 |
|
Population, million |
41.6 |
| Total External Debt (as a % of GDP) |
115.6 |