South Sudan GDP Annual Growth Rate
The Gross Domestic Product (GDP) in South Sudan contracted 55.80 percent in 2012 from the previous year. GDP Annual Growth Rate in South Sudan averaged -11.35 percent from 2009 until 2012, reaching an all time high of 4.30 percent in 2009 and a record low of -55.80 percent in 2012. GDP Annual Growth Rate in South Sudan is reported by the National Bureau of Statistics, South Sudan.
||2009 - 2012
South Sudan, officially recognised as a country in July 2011, is the youngest nation in the world. Despite taking over about 75 percent of old Sudan’s oil reserves, it is one of the poorest regions in Africa and government revenues are still dependent on foreign aid. A majority of population relies on subsistence agriculture. Lack of basic infrastructure such as paved roads, electricity and water supply is a major setback to the country’s development. After an unusually peaceful independence process, the relationship with Sudan has been tense. Pending agreements on border lines, oil revenue share, ethnic rivalries and weak government influence may hamper South Sudan’s future. This page provides - South Sudan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.