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 remain challenging following the implementation of major reforms in the 2018 budget. A surge in domestic prices and deep liquidity shortages have significantly raised the cost of living and are expected to dampen private consumption while a dip in agricultural output and widespread fuel shortages weigh further on the short-term growth outlook. The lifting of US sanctions in October 2017 has provided the fragile economy with a much-needed lifeline, but a tough transition period lies ahead. Recent political developments have also been overshadowed by the economic climate and has seen President Omar Al-Bashir streamline his government in an attempt to shore up political stability at a time of pronounced economic pressures. (Source: Sudan Quarterly Update, published September 2018)
Macroeconomic Data
(2017)
|
Fiscal Balance (as a % of GDP) |
-1.5 |
|
Consumer Price Index (% change y-o-y, avg) |
32.6 |
|
Current Account Balance (as a % of GDP) |
-3.9 |
|
Real GDP (annual % change) |
4.3 |
|
GDP per Capita, US$ |
3,030 |
|
Import Cover (months) |
0.2 |
|
Population, million |
40.6 |
| Total External Debt (as a % of GDP) |
44.0 |