Current account balance in South Sudan
South Sudan: Current account balance was 7.9% in 2023. ◆ Volatile
Current account balance in South Sudan, 2014–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in South Sudan is 7.9%, measured in 2023.
The figure is up 170.7% on the previous year and up 240.1% over ten years.
Over the whole period, current account balance in South Sudan peaked at 8.3% in 2017 and was at its lowest, -35.0%, in 2020.
That places South Sudan 24th out of 200 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in South Sudan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | -5.7% | — |
| 2015 | -4.2% | -26.3% |
| 2016 | -5.8% | +38.3% |
| 2017 | 8.3% | -244.0% |
| 2018 | -9.0% | -208.8% |
| 2019 | -4.2% | -54.0% |
| 2020 | -35.0% | +743.1% |
| 2021 | -0.1% | -99.6% |
| 2022 | -11.2% | +8427.6% |
| 2023 | 7.9% | -170.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -3.4% | -9.0% | 8.3% | 6 |
| 2020s | -9.6% | -35.0% | 7.9% | 4 |
Countries ranked near South Sudan
- 21 Iran, Islamic Republic of 11.4%
- 22 Netherlands 9.1% compare
- 23 Ghana 8.2% compare
- 25 Faroe Islands 7.8%
- 26 French Polynesia 7.5%
- 27 Malta 7.1% compare
More economy & growth data for South Sudan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.77 Percent per annum (2029)
- GDP (current LCU), annual growth rate 4.99 % change on previous year (2015)
- Gdp worldbank constant usd, per capita 1,080 units per person (2015)
- GDP (current LCU), per unit of GDP 3.6 current LCU per US$ of GDP (2015)
- GDP (current LCU), per capita 3,893 current LCU per person (2015)
- GDP (constant 2015 US$), annual growth rate -10.79 % change on previous year (2015)
- GDP (constant 2015 US$), per unit of GDP 1 constant 2015 US$ per US$ of GDP (2015)
- Manufacturing value added to gdp, per capita 0 units per person (2015)
- Services, value added (current LCU), annual growth rate 29.9 % change on previous year (2015)
Frequently asked questions
- What is current account balance in South Sudan?
- Current account balance in South Sudan was 7.9% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in South Sudan?
- The highest recorded value was 8.3% in 2017.
- What is the lowest current account balance recorded in South Sudan?
- The lowest recorded value was -35.0% in 2020.
- How does South Sudan rank for current account balance?
- South Sudan ranks 24th out of 200 countries with data for 2023.
- Is current account balance rising or falling in South Sudan?
- Over the last ten years it is up 240.1%. The long-run trend across the full record is volatile.
- Where does this South Sudan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.