South Sudan Economic Monitor, Seventh Edition: A Pathway to Overcome the Crisis

Publication:
South Sudan Economic Monitor, Seventh Edition: A Pathway to Overcome the Crisis

dc.contributor.author	World Bank
dc.date.accessioned	2025-03-19T19:05:24Z
dc.date.available	2025-03-19T19:05:24Z
dc.date.issued	2025-03-19
dc.description.abstract	South Sudan’s socio-economic outcomes have worsened over the past decade due to recurrent conflicts, fragility, and macroeconomic mismanagement compounded by global economic and climate shocks. Even before the oil shock of early 2024, per capita gross domestic product had dropped by 18 percent relative to its 2015 level, with prices rising 93-fold over this period. The erosion in living standards has left three in four people in poverty as of 2022. This dire situation is the result of (i) nascent institutions and weak governance; (ii) persistent mismanagement of the country’s abundant natural capital, namely, oil; and (iii) recurrent community-level conflicts and violence that led to nationwide armed conflict in 2016 and localized ongoing conflict after the 2018 peace agreement. Overlapping exogenous shocks such as the COVID-19 pandemic and historic flooding have also impeded economic recovery. Macroeconomic policy challenges, characterized by the need for stronger monetary and fiscal policy frameworks and improved policy coordination, have contributed to economic imbalances and increased vulnerability to shocks. A complex global economic outlook presents heightened risks for South Sudan and underscores the need for immediate action. Escalating conflicts and geopolitical tensions, increased inflation, and slower economic growth in the world’s major economies pose substantial risks to the global outlook. Additionally, potential reductions in global aid and humanitarian support may have material consequences, as South Sudan is a large recipient of aid amounting to an estimated annual average of 23.8 percent of GDP during 2020-24.3 Against this challenging background, South Sudan is at a critical juncture in its development trajectory and the government has a decision to make about the economic path it chooses as the country moves forward.	en
dc.identifier	http://documents.worldbank.org/curated/en/099031825031520159
dc.identifier.doi	10.1596/42974
dc.identifier.uri	https://hdl.handle.net/10986/42974
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	OIL PRODUCTION
dc.subject	OIL EXPORT
dc.subject	CONFLICT
dc.subject	INFLATION
dc.subject	POVERTY
dc.title	South Sudan Economic Monitor, Seventh Edition	en
dc.title.subtitle	A Pathway to Overcome the Crisis	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-03-19
okr.date.doiregistration	2025-04-14T11:49:50.225319Z
okr.date.lastmodified	2025-03-19T18:07:49Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.docurl	http://documents.worldbank.org/curated/en/099031825031520159
okr.guid	099031825031520159
okr.identifier.docmid	P500556-9f568594-b30c-4fcc-bb7a-b96df92ed5fd
okr.identifier.externaldocumentum	40001414
okr.identifier.internaldocumentum	40001414
okr.identifier.report	197920
okr.import.id	6921
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	https://documents.worldbank.org/curated/en/099031825031520159/pdf/P500556-9f568594-b30c-4fcc-bb7a-b96df92ed5fd.pdf	en
okr.region.administrative	Eastern and Southern Africa
okr.region.country	South Sudan
okr.topic	Conflict and Development::Conflict and Fragile States
okr.topic	Energy::Oil & Gas
okr.topic	Poverty Reduction::Poverty Monitoring & Analysis
okr.unit	EFI-AFR1-MTI-MacroFiscal-2 (EAEM2)