The economy of Sudan has boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment until the second half of 2002. The dust had hardly settled from South Sudan’s Independence Day celebrations before the National Bureau of Statistics (NBS) of South Sudan formerly known as the Southern Sudan Center for Census, Statistics and Evaluation, released the new country’s first estimate of GDP. The data reached an all-time high of 14.2 % in Dec 1987 and a record low of -6.3 % in Dec 1985. World real GDP growth was minimum during 2009, when it was -0.1%. Country Report 2017 - Includes South Sudan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. South Sudan GDP Growth Rate chart, historic, and current data. South Sudan : 6 records since 2009 , the average of these recordings : -3.95 % The highest data : 2013 is the highest year for the indicator : Growth rate of GDP (%). South Sudan is one of the most oil-dependent countries in the world, with 98% of the government’s annual operating budget and 80% of its gross domestic product (GDP) derived from oil. Prior to independence, South Sudan produced 85% of Sudanese oil output. GDP growth (annual %) - Sudan. Recent macroeconomic and financial developments Real GDP was estimated to have shrunk by 8.4% in 2020 after shrinking by 2.5% in 2019. Access the latest politics analysis and economic growth summary through 2011 for Sudan from The Economist Intelligence Unit Responding to Refugee Crises: Lessons from evaluations in South Sudan as a country of origin This working paper is a case study on South Sudan as an important refugee country of origin. The South Sudan pound depreciated by 10% in November 2020 relative to the same period in 2019, to SSP 176 per US dollar. South Sudan South Sudan's economy remains fragile and underdeveloped. Large population and labour force. Its total investment rate was 19.91% of GDP in 2016. Reduced private consumption and investment as well as disruptions in value and supply chains also affected growth. Real GDP Growth YoY data in Sudan is updated yearly, available from Dec 1983 to Dec 2019, with an average rate of 5.6 %. International Monetary Fund (IMF) and World Economic outlock (WEO) have estimated the growth of Sudan economy by 1.2 this 2013 and 2014 by 2.6, because South Sudan … The latest comprehensive information for - South Sudan GDP Annual Growth Rate - including latest news, historical data table, charts and more. The chart below shows the world real GDP growth from 1980 to 2020. - … Sudan GDP (Gross Domestic Product) was INT$155.27billion for 2020 in PPP terms. GDP of South Sudan in nominal and ppp terms. C onsumer spending power is significantly impeded by high inflation and a shortage of consumer goods. South Sudan is one of the most oil-dependent countries in the world, with 98% of the government’s annual operating budget and 80% of its gross domestic product (GDP) derived from oil. GDP growth registered more than 10% per year in 2006 and 2007. The oil revenues according to the Comprehensive Peace Agreement (CPA), were to be split equally for the duration of the agreement period. The case study looks at issues of forced displacement in South Sudan and underscores the linkages between internally displaced persons and South Sudanese refugees Falling global oil prices have reduced government revenues by 40%, increasing the fiscal deficit to 4.9% of GDP in 2020 from 2.5% in 2019. GDP growth rate - Comparison between Nigeria and South Sudan Country 1: Afghanistan Albania Algeria American Samoa Andorra Angola Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana The oil sector had driven much of Sudan’s GDP growth since 1999. Trade & Investment SWOT Strengths Weaknesses . Sudan has experienced protracted social conflict and the loss of three quarters of its oil production due to the secession of South Sudan. South Sudan GDP Value was 1 USD Billion in 2021. SOUTH SUDAN FIGURE 1 South Sudan / Real GDP growth and sectoral contributions to real GDP growth FIGURE 2 South Sudan / Actual and projected poverty rates and real GDP per capita Source: World Bank. Fledgling government institutions, poor infrastructure, weak internal cohesion (as well as inter-ethnic conflict) and post–secession disputes with Sudan are potentially severe constraints to growth. “South Sudan has registered positive economic growth. South Sudan's current Ease of Doing Business Rank is … World Bank national accounts data, and OECD National Accounts data files. However, in order for growth to have more impact on the lives of ordinary citizens, a significant portion must be reinvested in improving food security and basic service delivery,” said Husam Abudagga, World Bank Country Manager for South Sudan. The oil sector has driven much of Sudan’s GDP growth, but the secession of South Sudan cost Sudan two-thirds of its oil revenue. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. South Sudan gdp for 2014 was $13.96B, a 24.23% decline from 2013. Value & Rank The GDP - Purchasing Power Parity of South Sudan is 14.7 ( billions of $) with a global rank of 143. GDP in South Sudan averaged 11.67 USD Billion from 2008 until 2019, reaching an all time high of 18.43 USD Billion in 2013 and a record low of 1 USD Billion in 2019. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about South Sudan economic outlook, debt to GDP ratio, international trade performance and population … Source: World Bank. Sudan has experienced protracted social conflict and the loss of three quarters of its oil production due to the secession of South Sudan. South Sudan Real GDP Growth Outlook is at 5.40%, compared to 5.50% last year. South Sudan's annual GDP growth was 2.08% per year in 2016. South Sudan GDP Per Capita Outlook is at a current level of 420.66, up from 381.63 one year ago. Sudan has experienced protracted social conflict, civil war, and, in July 2011, the loss of three-quarters of its oil production due to South Sudan’s secession. The oil sector had driven much of Sudan's GDP growth since 1999. South Sudan gdp for 2013 was $18.43B, a 54.44% increase from 2012. From 1997 to date, Sudan has been working with the IMF to implement macroeconomic reforms, including a managed float of the exchange rate. Oil is exported through a pipeline that runs to refineries and shipping facilities at Port Sudan on the Red Sea. The statistic shows gross domestic product (GDP) in South Sudan from 2015 to 2018, with projections up until 2025. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Sudan’s recession deepened in 2020, as the usual challenges were compounded by a health crisis, as well as a locust infestation and floods that hit agricultural production. Projections by IMF. Structure of South Sudan GDP: from agriculture, manufacturing, mining and services. The country is expected to recover only with great difficulty from this situation, recording very weak growth in 2021. Estimates by world bank since 1961. This is higher than the long term average of -1.73%. Notes: see Table 2. The statistic shows the growth in real GDP in South Sudan from 2015 to 2018, with projections up until 2025. CEIC calculates annual Real GDP Growth from annual Real GDP. The Government of South Sudan relies on oil for the vast majority of its budget revenues, although oil production has fallen sharply since independence. Advanced Economies Real GDP Growth. South Sudan real GDP growth was at level of 4.1 % in 2020, up from 0.9 % previous year. South Sudan gdp for 2015 was $12.00B, a 14.07% decline from 2014. The real GDP growth of the developed countries (aka advanced economies) was 2.3% during 2018. The result is: 13.13 %. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Annual percentage growth rate of GDP at market prices based on constant local currency. The oil sector had driven much of Sudan's GDP growth … Transition graphs on "GDP per capita growth rate (annualized)" in South Sudan and comparison bar charts (USA vs. China vs. Japan vs. South Sudan), (Haiti vs. Dominican Republic vs. South Sudan) are used for easy understanding. Inflation was 0.10, as of 2016. South Sudan Economic Snapshot H2, 2017 . South Sudan's "GDP per capita growth rate (annualized)" is -12.13% which is the 198th highest in the world ranking. Since 2012, the world real GDP growth has remained between 3% and 4%. South Sudan’s economy is set to contract by Y. South Sudan secured 75% of Sudan's oil fields when the country seceded, giving the country a solid revenue earner . Z percent in FY X V X V/ X W as concur- Current South Sudan GDP Growth Rate is -6.35%. 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