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.
It has been a rocky road to reform for Sudan during its first year under a civilian government. Prime Minister Abdalla Hamdok has been forced to pick his battles carefully while solidifying a fragile peace and restructuring an economy and society crushed under the weight of 30 years of dictatorial rule by International Criminal Court defendant Omar Al Bashir. Reversing Sudan’s economic misfortune will be contingent on receiving foreign aid and direct investment. With the start of Sudan’s removal from the US State Sponsors of Terrorism List, increased access to debt relief and aid will hopefully materialise soon. (Source: Sudan Annual Country Profile, published November 2020)
Macroeconomic Data
(2019)
|
Fiscal Balance (as a % of GDP) |
-1.9 |
|
Consumer Price Index (% change y-o-y, avg) |
51.0 |
|
Current Account Balance (as a % of GDP) |
-19.9 |
|
Real GDP (annual % change) |
-2.6 |
|
GDP per Capita, US$ |
583.1 |
|
Import Cover (months) |
0 |
|
Population, million |
42.8 |
| Total External Debt (as a % of GDP) |
225.5 |