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.
Mass demonstrations broke out in December of last year to protest against the government and deteriorating economic conditions. The country is faced with worsening economic conditions amid high inflation, liquidity shortages and a failing economy. GDP growth is estimated at 0.8% for 2018 and forecast to reach 1.2% this year. The government introduced its fiscal budget in December, but the budget lacks the clear policy direction needed to help the country out of its current economic quagmire. The future of the country’s president, Omar al Bashir, is very uncertain, as he fights for his survival in the biggest challenge yet to his power in his 30 year rule. (Source: Sudan Quarterly Update, published February 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) |
-8.5 |
|
Real GDP (annual % change) |
0.8 |
|
GDP per Capita, US$ |
1,227.4 |
|
Import Cover (months) |
0.2 |
|
Population, million |
41.6 |
| Total External Debt (as a % of GDP) |
106.5 |