South Sudan expected to lead Africa's fast economic growth in 2026

The World Bank has projected that South Sudan will lead Africa's fastest economic growth in 2026. This forecast stems from the resumption of oil production to pre-war levels and economic stabilization. The country's GDP is expected to expand by 48.8 percent.

War-torn South Sudan in East Africa is set for a remarkable recovery, with the World Bank forecasting a 48.8 percent GDP expansion in 2026, according to its latest global economic prospects report. This surge follows a 23.8 percent economic contraction in the previous year.

The report attributes this robust growth to two primary factors. First, the stabilization of oil fields in Sudan, allowing oil production to return to normal levels. Second, the economic and business stabilization within the country after five years of contraction. Oil sales account for over 90 percent of government revenue, making field maintenance crucial for the economy.

The International Monetary Fund has reinforced the World Bank's optimism by projecting 27.2 percent growth for South Sudan in 2025. For 2026, other African nations are expected to see more modest gains: Guinea at 9.3 percent, Rwanda at 7.2 percent, Ethiopia at 7.1 percent, and Nigeria resuming high growth after a decade. In contrast, larger economies like South Africa are projected to grow at just 1.4 percent.

This outlook highlights how oil production recovery and economic stabilization could reshape regional dynamics in Africa.

Relaterade artiklar

Seoul skyline billboard announcing 1.7% GDP surge in Q1 2026, with port exports and celebrating executives, illustrating South Korea's economic growth.
Bild genererad av AI

South Korea GDP surges 1.7% in Q1 2026, fastest pace in over 5 years

Rapporterad av AI Bild genererad av AI

South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

Economic analysts expect positive GDP growth figures for South Africa's first quarter when Statistics South Africa releases the data on Tuesday.

Rapporterad av AI

Minister of Planning and Economic Development Ahmed Rostom told parliament that Egypt’s economy is projected to grow by 5.4% by the end of fiscal year 2026/2027, rising to 6.8% by the end of the medium-term plan in 2029/2030. The government adopted a cautious growth scenario amid regional and global uncertainty.

Indonesia's economy grew 5.61 percent in Q1 2026, the highest in five years and among G20 nations releasing data, according to BPS. Kadin, officials, and the Finance Minister praised the achievement amid global challenges. Growth was driven by household consumption, government spending, and investment.

Rapporterad av AI

The Dane reported that Colombia's GDP rose 2.2% in the first quarter of 2026, below the 2.5% recorded a year earlier. Growth was driven mainly by public spending and household consumption, while sectors such as construction and agriculture posted declines.

Denna webbplats använder cookies

Vi använder cookies för analys för att förbättra vår webbplats. Läs vår integritetspolicy för mer information.
Avböj