South Sudan is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, South Sudan may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. South Sudan exports about US$2.26 billion and imports about US$0.424 billion each year. 11.5% of the country's population is unemployed. The total number of unemployed in South Sudan is 1,485,691. In South Sudan, 50.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in South Sudan is very high compared to other nations. This situation points to a number of alarming economic and political factors. It is not advisable to invest in countries with this level of poverty. The country's Gini index is 46. South Sudan suffers from poor equality. The gap between the richest and poorest citizens in this country is quite palpable. The Global Peace Index (GPI) for South Sudan is 3,383. South Sudan's Strength Rights Index is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.
Currency
The currency of South Sudan is South Sudanese pound. The plural form of the word South Sudanese pound is pounds. The symbol used for this currency is £, and it is abbreviated as SSP. The South Sudanese pound is divided into Piastre; there are 100 in one pound.
Credit rating
Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of South Sudan.
Central bank
In South Sudan, the institution that manages the state's currency, money supply, and interest rates is called Bank of South Sudan. The average deposit interest rate offered by local banks in South Sudan is 13.5%.
Public debt
South Sudan has a government debt of 92.6% of the country's Gross Domestic Product (GDP), as assessed in 2010.
Tax information
The corporate tax in South Sudan is set at 15%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. VAT in South Sudan is 15%.
Finances
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in South Sudan is US$23496 billion. The gross domestic product (GDP) per capita in South Sudan, calculated as purchasing power parity (PPP), was last at 2 million US dollars. PPP in South Sudan is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in South Sudan is 11,804 billion. Based on this statistic, South Sudan is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in South Sudan was recently 1 million US dollars. The average citizen in South Sudan has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in South Sudan averaged -12.3% in 2014. According to this percentage, South Sudan is currently experiencing a significant decline. Countries experiencing significant declines could see dramatic declines in personal consumption, employment rates, and personal income.
http://www.confiduss.com/en/jurisdictions/south-sudan/economy/