South Sudan - Economy
How is the economy of South Sudan? Based on the information we have, South Sudan has a low-income, oil-based Sahelian economy; extreme poverty and food insecurity; COVID-19 and ongoing violence threaten socioeconomic potential; environmentally fragile; ongoing land and property rights issues; natural resource rich but lacks infrastructure. Key agricultural products in this country include: milk, cassava, sorghum, goat milk, vegetables, fruits, groundnuts, sesame seeds, beef, maize (2023).
More about the economy of South Sudan
Labor force 5.091 million (2023 est.)
Industrial production growth rate -36.8% (2015 est.)
Industries
Population below poverty line 82.3% (2016 est.)
Taxes and other revenues
Fiscal year
Exchange rates
Currency South Sudanese pounds (SSP) per US dollar -
Exchange rates 2024 2,163.104 (2024 est.)
Exchange rates 2023 930.331 (2023 est.)
Exchange rates 2022 534.511 (2022 est.)
Exchange rates 2021 306.355 (2021 est.)
Exchange rates 2020 165.907 (2020 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $72.881 million (2023 est.)
Reserves of foreign exchange and gold 2022 $94.914 million (2022 est.)
Reserves of foreign exchange and gold 2021 $341.932 million (2021 est.)
Current account balance
Current account balance 2023 $577.9 million (2023 est.)
Current account balance 2022 -$596.748 million (2022 est.)
Current account balance 2021 -$6.55 million (2021 est.)
Public debt
Public debt 2016 86.6% of GDP (2016 est.)
Budget
Revenues $2.513 billion (2023 est.)
Expenditures $1.984 billion (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2015 9.5% of GDP (2015 est.)
Remittances 2014 0% of GDP (2014 est.)
Remittances 2013 0% of GDP (2013 est.)
Household income
Lowest 10% 1.8% (2016 est.)
Highest 10% 33% (2016 est.)
Imports
Imports 2023 $4.443 billion (2023 est.)
Imports 2022 $6.402 billion (2022 est.)
Imports 2021 $4.037 billion (2021 est.)
Imports (partners) Uganda 33%, UAE 26%, Kenya 14%, China 10%, USA 3% (2023)
Comodities Imports force garments, cement, other foods, iron bars, cereal flours (2023)
Exports
Imports 2023 $4.443 billion (2023 est.)
Imports 2022 $6.402 billion (2022 est.)
Imports 2021 $4.037 billion (2021 est.)
Exports (partners) China 51%, Singapore 29%, UAE 10%, Germany 4%, Uganda 3% (2023)
Comodities Exports force crude petroleum, refined petroleum, forage crops, gold, scrap iron (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $6.752 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $6.585 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $6.945 billion (2021 est.)
GDP (official exchange rate) $4.629 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $400 (2023 est.)
Real GDP per capita 2022 $400 (2022 est.)
Real GDP per capita 2021 $400 (2021 est.)
GDP - composition, by sector of origin
Agriculture 10.4% (2015 est.)
Industry 33.1% (2015 est.)
Services 56.6% (2015 est.)
Unemployment rate
Unemployment rate 2023 12.5% (2023 est.)
Unemployment rate 2022 12.6% (2022 est.)
Unemployment rate 2021 14.1% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 18.5% (2023 est.)
Male 19.4% (2023 est.)
Female 17.6% (2023 est.)
All Important Facts about South Sudan

Want to know more about South Sudan? Check all different factbooks for South Sudan below.

South Sudan is found in Middle Africa