April 20, 2022
We are pleased to welcome you to the National Bureau of Statistics for the dissemination of the 2019 National Accounts statistics (Gross Domestic Product). This time round, we are also disseminating economic growth figures for the very tenth time in the National Bureau of Statistics. These statistics are the most commonly used indicators of a country’s economic development.
The compilation of these figures is a significant achievement because they will be an extremely valuable input to the national policy -making process and to other users. Gross Domestic Product(GDP) is the most commonly used aggregate in national accounts. It measures the market value of all final goods and services produced in a country over a given period.
1. Nominal GDP, which is calculated using current prices, was 3,007,894.0 trillion South Sudanese pounds in 2020.
2. Real GDP, which we calculate using constant prices to remove the effect of inflation, was 23,444.6 trillion South Sudanese pounds in 2020.
3. Real GDP per capita, which is real GDP per person, was just 649 USD South Sudanese pounds in 2020 while it has declined significantly from 835 USD in 2019 due to current economic turmoil.
Real GDP for 2020 (Table 2) decreased by 3.4 percent and should be published by March 2022. A significant contributor is the 8.3 percent decrease in exports of oil (contributing -2.1 percentage points to real GDP growth) and 15.0 percent increase in imports of goods and services (contributing -6.0 percentage points to real GDP growth). This was partially offset by household final consumption expenditure (4.1 percent increase, contributing 2.3 percentage points to real GDP growth) and government final consumption expenditure (4.2 percent
increase, contributing 2.1 percentage points to real GDP growth). This result is similar to Fund projections in the most recent Staff Report1 [Real GDP decreasing by 5.4 percent for 2020/21 financial year].