Source: world bank Nominal/PPP
Summary:
South Sudan GDP contracted from 2008 to 2015, increasing from $14.59 billion to $12.00 billion.The compound annual growth rate (CAGR) averaged -2.75% over the period. The economy recorded its peak level in 2013 and its lowest level in 2012. Growth volatility remained high. The maximum drawdown reached 34.89%, indicating the largest cyclical decline from peak levels. The country experienced 3 recession episode(s) during the observed period.
South Sudan Economic Phases (2008–2015)
Between 2008 to 2015, South Sudan experienced the following economic phases:
- Crisis (2014–2015) indicating severe economic downturn
The most remarkable growth occurred in 2013 with an increase of 54.436%, while the largest decline was in 2014 at -24.227%.