2022 NUMBERS:
997 Billion Total Merchandise Trade                01 Billion Potential Customers                55 African Member States Covered               

SOUTH SUDAN

ABOUT

Country

South Sudan

Capital

Juba

Location

East-Central Africa, south of Sudan

Area

644,329 sq km

Border Countries

Central African Republic, Democratic Republic of Congo, Ethiopia, Kenya

Natural Resources

hydropower, fertile agricultural land, gold, diamonds, petroleum, hard-woods, limestone, iron ore, copper, chromium ore, zinc, tungsten, mica, silver

Climate

Hot with seasonal rainfall influenced by the annual shift of the Inter-Tropical Convergence Zon

Population

11,193,729 (2020 est.)

Languages

English (official), Arabic(official), Dinka, Nuer, Bari, Zande, Shilluk

Ethnic Groups

Dinka, Kakwa, Bari, Azande, Shilluk, Kuku, Murle, Mandari

GDP Growth Rate

-10.8% (2019 est.)

GDP per Capita

$1119 (2016 est.)

Labour Force/Occupation

Agriculture: 2.8%, industry: 29.7%, services: 67.5% (2017)

Unemployment Rate

12.7% (2018 est.)

GINI index

46.3% (2009 est.)

Population Below Poverty

82.3% (2016 est.)

HDI

N/A

Inflation rate

187.85% (2017 est.)

Export Commodities

Crude petroleum, animal hides, insect resins, lab reagents, sawn wood

Agriculture Products

Sorghum, maize, rice, millet, environment

Industries

Petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing

Public Debt

35.81% of GDP (2020 est.)

Investment

16% of GDP (2016 est.)

Trade Balance

$697 million

Knowledge Center

Investment
Policy
Tax and
Incentives
Investment
Resources

ECONOMY OVERVIEW

South Sudan is a country located in North Central Africa. The country borders Ethiopia, Sudan, the Democratic Republic of Congo, Central African Republic, Uganda, and Kenya. Industry and infrastructure in landlocked South Sudan are severely underdeveloped and poverty is widespread, following several decades of civil war with the north. South Sudan has a population of 11,1 million people. The country remains a poor country because of the internal strife that resulted in its formation. Subsistence agriculture provides a living for the vast majority of the population. Property rights are tentative and price signals are missing because markets are not well organized. South Sudan has little hard infrastructure. Electricity is produced mostly by costly diesel generators and running water is scarce in areas further from the Nile river. The government spends large sums of money to maintain a large army; delays in paying salaries have resulted in riots by unruly soldiers. Ethnic conflicts have resulted in a large number of civilian deaths and displacement. South Sudan depends largely on imports of goods, services, and capital from the north. Despite these disadvantages, South Sudan does have abundant natural resources. South Sudan produces nearly three-fourths of former Sudan’s total oil output of nearly 178 000 barrels per day, by 2021 the aim is to produce 350 000 barrels per day. The government of South Sudan derives nearly 98% of its budget revenues from oil. The economy of South Sudan undoubtedly will remain linked to Sudan for some time, given the long lead time and great expense required to build another pipeline. South Sudan holds one of the richest agricultural areas in Africa in the White Nile valley, which has fertile soils and abundant water supplies. Currently, the region supports 10-20 million head of cattle. South Sudan also contains large wildlife herds, which could be exploited in the future to attract eco-tourists. The White Nile has sufficient flow to generate large quantities of hydroelectricity. South Sudan does not have large external debt or structural trade deficits. South Sudan has received more than $4 billion in foreign aid since 2005, largely from the UK, US, Norway, and the Netherlands, but Khartoum has imposed blockades on goods and capital going to South Sudan. The World Bank plans to support investment in infrastructure, agriculture, and power generation. Following independence, South Sudan’s central bank issued a new currency, the South Sudanese Pound, allowing a short grace period for turning in the old currency. Long term problems include alleviating poverty, maintaining macroeconomic stability, improving tax collection and financial management, focusing resources on speeding growth, and improving the business environment. In terms of politics and governance, the country requires stability at this level. The South Sudanese civil war that has been ongoing from 2013 is a deterrent to development in the country and more than 4 million people have been displaced.

GDP COMPOSITION BY SECTOR

Agriculture 17%
Industry 29%
Services 54%
GDP Growth Rate -10.8%
$5,091GDP per
Capita

TRADE

Natural Resources Industries
Gold Mining
Chromium World’s Largest Producer Of Platinum; Gold; Chromium
Antimony Metalwork
Coal Iron And Steel
Iron Ore Machinery
Manganese Textiles
Nickel Fertilizer
Phosphates Foodstuffs
Tin Commercial Ship Repair Automobile Assembly
Rare Earth Elements Chemicals
Uranium empty
Gem Diamonds empty
Platinum empty
Copper empty
Vanadium empty
Salt empty
Natural Gas empty
Export Commodities
Gold, Diamonds, Platinum, Other Metals & Minerals, and Machinery & Equipment
Trade Balance
$14 billion

GDP COMPOSITION BY SECTOR

Credit Rating BB-
Ease of Doing Business Ranking 67th
Procedures in starting a business 7
Number of days to register a business 40
Repatriation of Funds Yes
Corporate Tax Rate 28%
Human Capital Ranking 87th
Corruption index 43rd
Energy Security index 107th

(Source: World Bank Doing Business, 2020)

Foreign Direct Investment

EXPORT

$102 Billion
(2020 est.)
$94.93 Billion
(2017 est.)

Key Export Markets

N/A 0%

Key Import Markets

N/A %

IMPORT

$71 Billion
(2020 est.)
$89.36 Billion
(2017 est.)
Africa Trade and Investment Portal