factual

South Sudan oil swings dominate measured growth

South Sudan was projected to be both the fastest-growing economy (about 60% growth) and the slowest-growing (about 50% contraction) in the world depending on the year, driven entirely by whether the oil pipeline is turned on—illustrating that petroleum export swings can matter more than statistics and that export-driven growth tells us little about the domestic economy.

factualpending

Speaker

Morten Jerven

Evidence Quote

One of the things that drives economic growth in sub-Saharan Africa is the undisputable rise in exports. How that relates to economic growth in the domestic economy and on the African continent is a question we are very poorly equipped to answer because of the measurement problem.

Source

Morten Jerven on Measuring African Poverty and ProgressEconTalk
Created: 6/13/2026, 12:25:58 AM

My Notes

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