South Sudan economic overview in 2023



Authorities in Makuach Payam of Jonglei State defy the municipal order banning them from conducting parallel revenue collection as it is a mandated role of National Revenue Authority in the country.



ECONOMIC REPORT ON SOUTH SUDAN

AT A GLANCE

  1. Projected Real GDP change in 2023 is 5.6%
  2. Projected Consumer Price change in 2023 is 21.7%
  3. South Sudan population was estimated to be 15 Million
  4. Date of membership of South Sudan with IMF was 18/April/2012
  5. Outstanding purchases & loan amounts to $159 Millions.
  6. South Sudan Special Drawing Right (SDR) is $43.91 Million.
  7. Quota (SDR) is $246 Million.
  8. Number of Arrangements since membership date is Two (2)


COUNTRY DATA

  • Real GDP for South Sudan____$8M Billions
  • Real GDP Growth change for South Sudan__5.6%
  • Inflation Rate, Average Consumer Price Change for South Sudan___21.7%
  • GDP per Capita ( US Dollars per capita)___$569.41
  • Implied PPP conversion rate (National currency per international Dollar____SSP 352.57
  • Unemployment rate change____N/A


CURRENT ACCOUNT

  • current A/c balance in USD____0.179
  • Current A/c balance as GDP%____2.1%


GOVERNMENT FINANCE

  • net lending/borrowing as GDP%____2.5%
  • General gross debt as GDP%_____29.7%



NON-OIL REVENUE REPORT


The actual non-oil revenue collection for December 2022 alone was reported to be SSP 17.6 Billions. The highest ever recorded by the National Revenue Authority since 2011.

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