| People | Sudan |
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Economy - overview:
|
Sudan's economy is booming on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 to date, Sudan has been working with the IMF to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999. Agricultural production remains important, because it employs 80% of the work force and contributes a third of GDP. The Darfur conflict, the aftermath of two decades of civil war in the south, the lack of basic infrastructure in large areas, and a reliance by much of the population on subsistence agriculture ensure much of the population will remain at or below the poverty line for years despite rapid rises in average per capita income. In January 2007, the government introduced a new currency, the Sudanese Pound, at an initial exchange rate of $1.00 equals 2 Sudanese Pounds. |
GDP (purchasing power parity):
|
$107.8 billion (2007 est.) |
GDP (official exchange rate):
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$49.71 billion (2007 est.) |
GDP - real growth rate:
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12.8% (2007 est.) |
GDP - per capita (PPP):
|
$2,500 (2007 est.) |
GDP - composition by sector:
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agriculture: 31.5%
industry: 35.7%
services: 32.8% (2007 est.) |
Investment (gross fixed):
|
25% of GDP (2006 est.) |
Population below poverty line:
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40% (2004 est.) |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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5.3% (2007 est.) |
Labor force:
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7.415 million (1996 est.) |
Labor force participation rate:
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18.44 % of population |
Labor force - by occupation:
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agriculture: 80%
industry: 7%
services: 13% (1998 est.) |
Unemployment rate:
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18.7% (2002 est.) |
Budget:
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revenues: $9.682 billion
expenditures: $11.59 billion (2007 est.) |
Budget revenues per capita:
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241 USD per capita |
Public debt:
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96.9% of GDP (2007 est.) |
Industries:
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oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly |
Industrial production growth rate:
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32% (2007 est.) |
Electricity - production:
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3.944 billion kWh (2005) |
Electricity - production per capita:
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99 kWh per capita |
Electricity - consumption:
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3.298 billion kWh (2005) |
Electricity - consumption - per capita:
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83 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
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0 kWh (2005) |
Oil - production:
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397,000 bbl/day (2006 est.) |
Oil - production per capita:
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9,872 bbl/day per capita |
Oil - consumption:
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79,760 bbl/day (2006 est.) |
Oil - consumption - per capita:
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0.72 bbl/year per capita |
Oil - exports:
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279,100 bbl/day (2004) |
Oil - imports:
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7,945 bbl/day (2004) |
Oil - proved reserves:
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6.4 billion bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2006 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2006 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
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0 cu m (2006 est.) |
Natural gas - imports:
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0 cu m (2006 est.) |
Natural gas - proved reserves:
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86 billion cu m (1 January 2006 est.) |
Agriculture - products:
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cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, livestock |
Current account balance:
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-$4.465 billion (2007 est.) |
Current account balance - per capita:
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-111 USD per capita |
Exports:
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$9.156 billion f.o.b. (2007 est.) |
Exports per capita:
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228 USD per capita |
Exports - commodities:
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oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar |
Exports - partners:
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Japan 48%, China 31%, South Korea 3.8% (2006) |
Imports:
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$8.262 billion f.o.b. (2007 est.) |
Imports per capita:
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206 USD per capita |
Imports - commodities:
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foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat |
Imports - partners:
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China 18.2%, Saudi Arabia 9.2%, UAE 5.8%, Egypt 5.3%, Germany 5.2%, India 4.6%, France 4.1% (2006) |
Reserves of foreign exchange and gold:
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$1.245 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
31 USD per capita |
Debt - external:
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$29.6 billion (31 December 2007 est.) |
Debt - external - per capita:
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736 USD per capita |
Stock of direct foreign investment - at home:
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void |
Stock of direct foreign investment - abroad:
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void |
Market value of publicly traded shares:
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$NA |
Economic aid - donor:
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void |
Economic aid - recipient:
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$1.829 billion (2005) |
Economic aid - recipient per capita:
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46 USD per capita |
Currency (code):
|
Sudanese pounds (SDG) |
Exchange rates:
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Sudanese pounds per US dollar - 2.06 (2007), 2.172 (2006), 2.4361 (2005), 2.5791 (2004), 2.6098 (2003)
note: in October 2007 Sudan redenominated its currency by transforming 100 units of Sudanese dinar into one unit of Sudanese pound |
Fiscal year:
|
calendar year |
|
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