Conditions Ripe For Historic Current Account Surplus

The external asymmetries built into the Sudanese economy are set for a rapid unwinding over the coming 18 months, as a surge in oil export revenues results in a marked improvement to the country's underlying balance of payments position. Having recorded current account deficits every year since 1991 (which marks the start of our data series), with the shortfall peaking at 15.2% of GDP (US$5.5bn) in 2006 and coming in at 10.5% (US$6.0bn) in 2009, we project the current account posting a surplus to the tune of 2.5% of GDP (US$1.9bn) this year.

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