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.
After months of negotiations, following the removal of former President Omar Al-Bashir, military and civilian representatives have agreed to form a new coalition government. However, deteriorated economic conditions and unfavourable policies saw real GDP contract by 2.3% last year. This trend is forecast to persist, and the economy is expected to contract by 1.5% in 2019. (Source: Sudan Quarterly Update, published July 2019)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-11.6 |
|
Consumer Price Index (% change y-o-y, avg) |
63.3 |
|
Current Account Balance (as a % of GDP) |
-11.6 |
|
Real GDP (annual % change) |
-2.3 |
|
GDP per Capita, US$ |
959.6 |
|
Import Cover (months) |
0.2 |
|
Population, million |
41.9 |
| Total External Debt (as a % of GDP) |
135.2 |