GDP Annual Growth Rate in Sudan decreased to -8.40 percent in 2020 from -2.50 percent in 2019. source: Sudan Central Bureau of Statistics

GDP Annual Growth Rate in Sudan averaged 2.63 percent from 2005 until 2020, reaching an all time high of 7.70 percent in 2006 and a record low of -8.40 percent in 2020. This page provides - Sudan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sudan GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2021.

GDP Annual Growth Rate in Sudan is expected to reach 0.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sudan GDP Annual Growth Rate is projected to trend around 1.20 percent in 2022 and 2.60 percent in 2023, according to our econometric models.

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Sudan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.40 -2.50 7.70 -8.40 2005 - 2020 percent Yearly

Sudan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -8.40 -2.50 7.70 -8.40 percent [+]
GDP 26.11 32.25 65.63 1.31 USD Billion [+]
GDP per capita 1939.93 2018.41 2095.05 708.59 USD [+]


Sudan GDP Annual Growth Rate
Sudan’s economy is based on oil production. Since the ending of the two decade long civil war and the discovery of oil fields, Sudan’s economy has been steady expanding. Yet, much of the population still rely on subsistence agriculture. Following the independence of South Sudan in 2011 and the consequent loss of two thirds of oil reserves economic growth has slowed down.