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Economy of Italy vs South Sudan compared: GDP & Debt

Updated on by Georank team

Italy has a GDP of $2.38T compared to $12B for South Sudan, ranking 8/197 and 149/197 by economy size, respectively.

Italy has $3.22T in government debt (135.3% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Italy vs South Sudan GDP by year

Italy
South Sudan
1x
Year GDP, current $
Italy South Sudan
2024 $2,380,825,077,244 -
2023 $2,316,727,999,333 -
2022 $2,104,067,630,319 -
2021 $2,179,207,773,596 -
2020 $1,907,481,094,079 -
2019 $2,019,606,796,584 -
2018 $2,099,435,266,459 -
2017 $1,970,720,904,585 -
2016 $1,887,111,188,177 -
2015 $1,845,428,048,839 $11,997,800,760
2014 $2,173,255,507,986 $13,962,212,847
2013 $2,153,225,581,941 $18,426,469,017
2012 $2,097,929,495,122 $11,931,472,169
2011 $2,306,974,020,278 $14,907,308,933
2010 $2,144,936,254,535 $14,602,072,411
2009 $2,209,484,319,013 $12,231,264,525
2008 $2,417,508,414,187 $14,586,253,383
2007 $2,222,524,108,128 -
2006 $1,958,563,654,386 -
2005 $1,864,982,261,287 -
2004 $1,812,808,753,295 -
2003 $1,582,930,016,539 -
2002 $1,281,746,271,196 -
2001 $1,172,041,488,806 -
2000 $1,149,661,363,439 -
1999 $1,255,004,736,464 -
1998 $1,272,729,786,997 -
1997 $1,244,988,176,444 -
1996 $1,314,776,508,972 -
1995 $1,177,369,428,266 -
1994 $1,101,750,159,702 -
1993 $1,067,412,587,671 -
1992 $1,323,204,350,354 -
1991 $1,249,092,439,519 -
1990 $1,183,945,130,899 -
1989 $930,801,709,004 -
1988 $893,663,934,841 -
1987 $807,570,134,449 -
1986 $641,862,313,287 -
1985 $453,259,761,687 -
1984 $438,896,930,791 -
1983 $444,063,496,940 -
1982 $428,257,421,618 -
1981 $431,695,533,981 -
1980 $478,356,755,596 -
1979 $394,584,507,108 -
1978 $315,784,469,541 -
1977 $258,190,019,750 -
1976 $225,235,205,862 -
1975 $228,220,643,535 -
1974 $200,024,444,775 -
1973 $175,896,529,392 -
1972 $145,594,833,997 -
1971 $124,959,712,859 -
1970 $113,656,669,765 -
1969 $100,996,667,239 -
1968 $91,485,448,148 -
1967 $84,401,995,573 -
1966 $76,622,444,787 -
1965 $70,717,012,186 -
1964 $65,720,771,779 -
1963 $60,035,924,618 -
1962 $52,413,872,628 -
1961 $46,649,487,320 -
1960 $42,012,422,612 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/italy/south-sudan | CC BY

GDP per capita in Italy vs South Sudan by year

Italy
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Italy South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $40,385 $62,014 - -
2023 $39,277 $60,030 - -
2022 $35,654 $57,261 - -
2021 $36,853 $49,825 - -
2020 $32,091 $44,436 - -
2019 $33,813 $46,662 - -
2018 $34,904 $43,387 - -
2017 $32,844 $42,142 - -
2016 $31,392 $40,483 - -
2015 $30,640 $37,384 $1,080 $1,155
2014 $36,028 $36,666 $1,243 $1,373
2013 $35,702 $36,459 $1,650 $1,917
2012 $34,854 $36,281 $1,109 $1,417
2011 $38,432 $36,392 $1,449 $2,718
2010 $35,857 $34,974 $1,498 $2,948
2009 $37,100 $34,502 $1,323 $2,911
2008 $40,829 $35,422 $1,654 $2,887
2007 $37,826 $34,108 - -
2006 $33,537 $32,454 - -
2005 $32,063 $30,138 - -
2004 $31,348 $29,581 - -
2003 $27,578 $29,249 - -
2002 $22,451 $28,833 - -
2001 $20,570 $28,134 - -
2000 $20,190 $27,152 - -
1999 $22,050 $25,655 - -
1998 $22,365 $25,075 - -
1997 $21,884 $23,937 - -
1996 $23,123 $23,101 - -
1995 $20,712 $22,446 - -
1994 $19,382 $21,369 - -
1993 $18,782 $20,485 - -
1992 $23,297 $20,196 - -
1991 $22,007 $19,596 - -
1990 $20,874 $18,680 - -
1989 $16,424 - - -
1988 $15,781 - - -
1987 $14,268 - - -
1986 $11,341 - - -
1985 $8,009 - - -
1984 $7,758 - - -
1983 $7,851 - - -
1982 $7,574 - - -
1981 $7,640 - - -
1980 $8,476 - - -
1979 $7,006 - - -
1978 $5,623 - - -
1977 $4,614 - - -
1976 $4,042 - - -
1975 $4,116 - - -
1974 $3,629 - - -
1973 $3,213 - - -
1972 $2,677 - - -
1971 $2,311 - - -
1970 $2,112 - - -
1969 $1,886 - - -
1968 $1,718 - - -
1967 $1,595 - - -
1966 $1,459 - - -
1965 $1,357 - - -
1964 $1,272 - - -
1963 $1,171 - - -
1962 $1,030 - - -
1961 $923 - - -
1960 $837 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/italy/south-sudan | CC BY

Italy's GDP per capita is $40,385, ranking 29/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Italy ranks 31st at $62,014, while South Sudan ranks 197th at $1,155.

Economic indicators

Italy South Sudan
Gross domestic product
$2.38T
2024
$12B
2015
GDP rank
8/197
2024
149/197
2015
GDP growth
0.69%
2023-2024
-10.8%
2014-2015
GDP per capita
$40,385
2024
$1,080
2015
GDP per capita rank
29/197
2024
175/197
2015
GDP per capita, PPP
$62,014
2024
$1,155
2015
GDP per capita PPP rank
31/197
2024
197/197
2015
Government debt
$3.22T
2024
$7.04B
2015
Debt-to-GDP ratio
135.3%
2024
50.7%
2024
Government debt per person
$54,652
2024
$633
2015
Government debt per person rank
6/185
2024
158/185
2015
Average annual personal income after taxes
$23,800
2026
$1,305
2026
Market capitalization of domestic companies
$587B
2014
n/a
Number of millionaires
1,344,000
2025
n/a
Number of billionaires
74
2025
n/a
Income share by richest 10%
25.8%
2023
33%
2016
Income share by poorest 10%
2.3%
2023
1.8%
2016
Government expenditure, % of GDP
50.6%
2024
18.1%
2024
Consumer prices inflation
0.98%
2023-2024
91.4%
2023-2024
Central bank interest rate n/a
15%
2023
Unemployment rate
6.5%
2024
12.3%
2008
Population
58562681
12507858

Spending and national debt comparison by year

Italy
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Italy South Sudan
Government spending Government debt Government spending Government debt
2024 50.6% 135.3% 18.1% 50.7%
2023 54% 134.6% 21.4% 51.9%
2022 54.9% 138.3% 29.4% 37.3%
2021 56% 145.8% 44.1% 50.2%
2020 56.8% 154.4% 34.1% 49%
2019 48.4% 133.9% 47.9% 43.1%
2018 48.3% 134.2% 54.5% 77.6%
2017 48.8% 133.7% 97% 178.3%
2016 49% 134.2% 66.5% 164.7%
2015 50.2% 134.8% 34% 58.6%
2014 50.7% 134.8% 35.8% 37.7%
2013 50.9% 131.9% 25.3% 17.6%
2012 50.5% 125.9% 31.6% 8.91%
2011 49% 119.1% 20.8% -
2010 49.8% 118.8% - -
2009 51.1% 116.1% - -
2008 47.8% 105.8% - -
2007 46.6% 103.5% - -
2006 47.6% 106.3% - -
2005 47.1% 106.2% - -
2004 46.7% 104.7% - -
2003 47% 105.1% - -
2002 46.5% 105.9% - -
2001 47.1% 108.5% - -
2000 46.4% 108.7% - -
1999 47.1% 113.1% - -
1998 48% 113.9% - -
1997 49.3% 116.5% - -
1996 51.3% 118.9% - -
1995 51.4% 119.1% - -
1994 55.1% 130.8% - -
1993 57.8% 124.1% - -
1992 56.8% 113% - -
1991 55.3% 105.3% - -
1990 54.2% 101.7% - -
1989 51.6% 91.8% - -
1988 50.4% 89.2% - -
1987 49.8% 87.4% - -
1986 50.5% 83.4% - -
1985 49.8% 79.1% - -
1984 49.1% 73.1% - -
1983 48.9% 67.8% - -
1982 46.7% 61.8% - -
1981 44.6% 57.3% - -
1980 40.8% 55.1% - -
1979 40.1% 58.9% - -
1978 40.9% 59.9% - -
1977 38.5% 56% - -
1976 38.1% 57.3% - -
1975 39.1% 57.9% - -
1974 34.8% 50.8% - -
1973 35.3% 51.1% - -
1972 36.4% 48.2% - -
1971 34.4% 42.4% - -
1970 32.3% 37.8% - -
1969 32.1% 37% - -
1968 32.6% 36.4% - -
1967 17.9% 33.3% - -
1966 19.1% 33.4% - -
1965 18.6% 28.4% - -
1964 18.2% 27.2% - -
1963 16.7% 27.2% - -
1962 17.5% 29% - -
1961 17.3% 30% - -
1960 16.5% 31.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/italy/south-sudan | CC BY

In 2024, Italy's government spending was $1.2T, accounting for 50.6% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 135.3% in Italy and 50.7% in South Sudan, ranking 8/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Italy

South Sudan
1x
Year Deficit/surplus, % of GDP
Italy South Sudan
2024 -3.45% 11.7%
2023 -7.24% 8.04%
2022 -8.11% 4.48%
2021 -8.88% -9.3%
2020 -9.38% -5.5%
2019 -1.45% 0.04%
2018 -2.19% -1.06%
2017 -2.51% 9.56%
2016 -2.4% -19.8%
2015 -2.46% -16.4%
2014 -2.82% -9.07%
2013 -2.87% -3.45%
2012 -2.99% -14.8%
2011 -3.52% 4.57%
2010 -4.16% -
2009 -5.06% -
2008 -2.58% -
2007 -1.33% -
2006 -3.61% -
2005 -4.1% -
2004 -3.46% -
2003 -3.23% -
2002 -2.88% -
2001 -3.18% -
2000 -2.42% -
1999 -1.77% -
1998 -2.99% -
1997 -2.98% -
1996 -6.61% -
1995 -7.2% -
1994 -8.84% -
1993 -9.76% -
1992 -10.1% -
1991 -11.1% -
1990 -11.1% -
1989 -11.4% -
1988 -11% -
1987 -11.5% -
1986 -12% -
1985 -12.4% -
1984 -11.5% -
1983 -10.1% -
1982 -10% -
1981 -10.9% -
1980 -6.97% -
1979 -8.23% -
1978 -8.47% -
1977 -6.96% -
1976 -7.88% -
1975 -10.3% -
1974 -6.24% -
1973 -6.36% -
1972 -6.84% -
1971 -4.71% -
1970 -3.22% -
1969 -2.85% -
1968 -2.55% -
1967 -0.97% -
1966 -1.59% -
1965 -2.67% -
1964 -2.35% -
1963 -0.3% -
1962 -0.95% -
1961 -0.57% -
1960 -0.28% -
1959 -1% -
1958 -0.98% -
1957 -1.09% -
1956 -1.46% -
1955 -2.03% -
1954 -1.84% -
1953 -2.33% -
1952 -4.08% -
1951 -3.86% -
1950 -2.42% -
1949 -2.82% -
1948 -4.58% -
1947 -6.62% -
1946 -9.82% -
1945 -16.9% -
1944 -35.1% -
1943 -16.1% -
1942 -26.9% -
1941 -25.1% -
1940 -24.3% -
1939 -9.49% -
1938 -5.97% -
1937 -5.78% -
1936 -7.93% -
1935 -9.83% -
1934 -2.5% -
1933 -4.85% -
1932 -3.06% -
1931 -2.14% -
1930 -0.55% -
1929 -0.59% -
1928 -2.09% -
1927 -1.71% -
1926 -0.09% -
1925 1.7% -
1924 1.19% -
1923 -3.21% -
1922 -11% -
1921 -7.77% -
1920 -5.89% -
1919 -11.2% -
1918 -22.7% -
1917 -27.6% -
1916 -28.2% -
1915 -25.8% -
1914 -12.4% -
1913 -0.86% -
1912 -1.86% -
1911 -0.63% -
1910 -0.32% -
1909 -0.69% -
1908 -1.31% -
1907 -0.51% -
1906 -0.69% -
1905 -1.57% -
1904 0.58% -
1903 0.32% -
1902 0.48% -
1901 0.36% -
1900 0.28% -
1899 -0.11% -
1898 -0.21% -
1897 0.009% -
1896 -0.43% -
1895 -0.69% -
1894 -0.23% -
1893 -0.49% -
1892 -0.25% -
1891 -1.41% -
1890 -0.32% -
1889 -1.32% -
1888 -2.11% -
1887 -1.94% -
1886 -0.5% -
1885 0.2% -
1884 -1.46% -
1883 -0.51% -
1882 -0.5% -
1881 -0.04% -
1880 0.38% -
1879 0.73% -
1878 0.09% -
1877 -0.009% -
1876 -0.05% -
1875 0.58% -
1874 -0.08% -
1873 0.21% -
1872 0% -
1871 -0.13% -
1870 -0.82% -
1869 0.33% -
1868 -0.79% -
1867 -1.45% -
1866 -3.1% -
1865 -2.72% -
1864 -3.06% -
1863 -4.16% -
1862 -3.96% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1862–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/italy/south-sudan | CC BY

In 2015, Italy's government deficit, the difference between spending and revenue, was $45.4B, equivalent to 2.46% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Italy recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, Italy posted an annual deficit equal to 2.93% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Italy

South Sudan
1x
Year Consumer prices inflation
Italy South Sudan
2024 0.98% 91.4%
2023 5.62% 2.38%
2022 8.2% -6.69%
2021 1.87% 10.5%
2020 -0.14% 29.7%
2019 0.61% 87.2%
2018 1.14% 83.5%
2017 1.23% 187.9%
2016 -0.09% 380%
2015 0.04% 52.8%
2014 0.24% 1.67%
2013 1.22% -0.06%
2012 3.04% 45.5%
2011 2.78% 46.9%
2010 1.53% 1.17%
2009 0.77% 5.01%
2008 3.35% -
2007 1.83% -
2006 2.09% -
2005 1.99% -
2004 2.21% -
2003 2.67% -
2002 2.47% -
2001 2.79% -
2000 2.54% -
1999 1.66% -
1998 1.96% -
1997 2.04% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/italy/south-sudan | CC BY

Over the past 16 years, Italy has recorded an average annual inflation rate of 1.82%, compared with 63.7% in South Sudan. In 2024, inflation was 0.98% in Italy and 91.4% in South Sudan.

Top exports between countries

Italy
Export category Export value
Machinery & equipment $2.26M
Textiles & consumer goods $2.02M
Metals $82K
Chemicals & pharma $73K
Wood & paper products $50K
Raw agricultural goods $23K
Processed food, beverages & tobacco $10K
Miscellaneous $9K
Animal & marine products $2K
South Sudan
Export category Export value

Balance of trade

Italy South Sudan
Current account balance
$25.8B
2024
$578M
2023
Current account balance ranking
19/190
2024
60/190
2023
Current account balance, % of GDP
+1.08%
2024
-4.17%
2015
Goods imports
$562B
2024
$2.25B
2023
Goods exports
$621B
2024
$4.01B
2023
Service imports
$160B
2024
$2.19B
2023
Service exports
$155B
2024
$484M
2023
Imports of goods and services, % of GDP
30.3%
2024
28.9%
2015
Exports of goods and services, % of GDP
32.5%
2024
36.7%
2015

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Italy South Sudan
Economic freedom 63.3 41
Economic freedom ranking 80/197 186/197
Property rights 84.8 n/a
Government integrity 60.8 n/a
Judicial effectiveness 80.9 n/a
Tax burden 57.5 n/a
Government spending 15.3 n/a
Fiscal health 17.2 n/a
Business freedom 74.5 n/a
Labor freedom 70.6 n/a
Monetary freedom 79.1 n/a
Trade freedom 79.4 n/a
Investment freedom 80 n/a
Financial freedom 60 n/a

Other economic metrics

Italy South Sudan
Services, % of GDP
65%
2024
56.6%
2015
Industry, % of GDP
22.3%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
2%
2024
10.4%
2015
GNI, Atlas method
$2.28T
2024
$11.7B
2015
GNI per capita, PPP
$61,620
2024
$1,010
2015
Total reserves including gold
$291B
2024
$72.9M
2023
Total reserves ranking
12/177
2024
175/177
2023
Net foreign direct investment
$19B
2024
$2.21M
2019
Net inflows of foreign direct investment
$26.9B
2024
$83.4M
2024
Net outflows of foreign direct investment
$45.9B
2024
$0
2024
Poverty at national poverty lines
20.1%
2021
66%
2020
Gross capital formation, % of GDP
22.6%
2024
5.75%
2015

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/italy/south-sudan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1862–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.