In-Depth Analysis
Sudan
Sudan’s transitional civilian government continues to grapple with the reforms necessary to turn its economy around after 30 years of dictatorial rule. Immediate challenges include reining in the fiscal deficit, stabilising inflation, and normalising diplomatic relations, by removing Sudan’s designation as a state sponsor of terrorism.
The country’s removal from the US State Sponsors of Terrorism List has already begun to translate into some much-needed FDI, loans and debt clearance. However, domestic challenges to development remain. An exceptional recovery in gold exports in Q3 2020 revealed the control that the military has over the industry as well as the leverage it has over its civilian counterpart in the Sovereignty Council, the power-sharing body that is governing the country during the transitional period to democracy. Additionally, an overvalued currency and the struggle to achieve peace will continue to hinder development. (Source: Sudan Quarterly Update, published February 2021)
Macroeconomic Data
(2020)
|
Fiscal Balance (as a % of GDP) |
-8.1 |
|
Consumer Price Index (% change y-o-y, avg) |
162.3 |
|
Current Account Balance (as a % of GDP) |
-8.3 |
|
Real GDP (annual % change) |
-11.8 |
|
GDP per Capita, US$ |
1,287.2 |
|
Import Cover (months) |
0.2 |
|
Population, million |
43.8 |
| Total External Debt (as a % of GDP) |
107.8 |