Small huts in South Sudan

South Sudan Economy

South Sudan's economy in numbers:

Nominal GDP of USD 5.8 billion in 2021.

Nominal GDP of USD 5.8 billion in 2021.

GDP per capita of USD 409 compared to the global average of USD 10,589.

GDP per capita of USD 408 compared to the global average of USD 10,589.

Average real GDP growth of 5% over the last decade.

Average real GDP growth of 5% over the last decade.

Share of the region's population
Share of the region's GDP

GDP by economic sector
GDP by type of expenditure

Economic growth:

The economy recorded average annual growth of 5.0% in the decade to 2021. To read more about GDP growth in South Sudan, go to our dedicated page.

Fiscal policy:

South Sudan's fiscal deficit averaged 5.4% of GDP in the decade to 2022. Find out more on our dedicated page.

Inflation:

Inflation averaged 79.3% in the decade to 2022. Go to our South Sudan inflation page for extra insight.

Monetary Policy:

South Sudan's monetary policy rate ended 2022 at 16.29%, up from 12.03% a decade earlier. See our South Sudan monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the South Sudanese pound weakened by 99.6% vs the U.S. dollar. For more info on the South Sudanese pound, click here.
Projections out to 2034.

31 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 3 expert analysts.

Want to get insight on the economic outlook for South Sudan in the coming years? FocusEconomics collects projections out to 2034 on 31 economic indicators for South Sudan from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the South Sudan economy. To download a sample report on the South Sudan's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.

South Sudan Economic Data

2019 2020 2021 2022 2023
Population (million) 13.4 13.8 14.2 14.6 15.0
GDP (USD bn) 4.0 5.4 5.8 7.9 7.0
GDP per Capita (USD) 302 392 409 543 469
GDP (SSP bn) 639 900 1,838 4,305 6,688
Economic Growth (Nominal GDP, ann. var. %) 45 41 104 134 55
Economic Growth (GDP, ann. var. %) 0.9 -6.5 5.3 -5.2 2.5
Fiscal Balance (% of GDP) 1.4 -4.5 -9.0 4.5 7.5
Public Debt (% of GDP) 42.8 49.3 52.2 39.9 54.8
Inflation (CPI, ann. var. %, eop) 87.2 29.7 10.5 -6.7 2.4
Inflation (CPI, ann. var. %, aop) 87.2 29.7 10.5 -6.7 2.4
Policy Rate (%, eop) 15.65 16.09 16.09 16.29 16.36
Exchange Rate (SSP per USD, eop) 161 177 432 669 1,071
Exchange Rate (LCU per USD, aop) 158 167 317 544 950
Current Account Balance (USD bn) 0.1 -1.0 -0.6 0.7 0.2
Current Account Balance (% of GDP) 2.1 -18.9 -9.6 9.4 2.9
Merchandise Trade Balance (USD bn) 0.8 -0.2 -0.6 -0.4 -
Merchandise Exports (USD bn) 1.6 0.8 0.5 0.9 -
Merchandise Imports (USD bn) 0.8 1.0 1.1 1.3 -
Merchandise Exports (ann. var. %) -6.6 -48.9 -38.7 79.5 -
Merchandise Imports (ann. var. %) 29.3 22.7 12.8 13.2 -
Foreign Direct Investment (USD bn) 0.0 0.0 0.1 0.1 0.0
International Reserves (USD bn) 0.4 0.2 - - -
International Reserves (months of imports) 5.7 2.2 - - -

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