| Economy | Sudan |
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Economy - overview:
|
Until the second half of 2008, Sudan's economy boomed 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):
|
$87.27 billion (2008 est.)
$82.72 billion (2007)
$75.06 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$2,200 (2008 est.)
$2,100 (2007 est.)
$1,900 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$62.19 billion (2008 est.) |
GDP - real growth rate:
|
5.5% (2008 est.)
10.2% (2007 est.)
11.3% (2006 est.) |
GDP - composition by sector:
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agriculture: 32.9%
industry: 31.2%
services: 36% (2008 est.) |
Investment (gross fixed):
|
18.1% of GDP (2008 est.) |
Population below poverty line:
|
40% (2004 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
16.5% (2008 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
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$5.549 billion (31 December 2007) |
Stock of money - per capita:
|
136 USD per capita |
Stock of quasi money:
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$4.068 billion (31 December 2007) |
Stock of quasi money - per capita:
|
100 USD per capita |
Stock of domestic credit:
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$8.659 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
211 USD per capita |
Labor force:
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7.415 million (1996 est.) |
Labor force participation rate:
|
18.05 % of population |
Labor force - by occupation:
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agriculture: 80%
industry: 7%
services: 13% (1998 est.) |
Unemployment rate:
|
18.7% (2002 est.) |
Budget:
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revenues: $11.84 billion
expenditures: $12.95 billion (2008 est.) |
Budget revenues per capita:
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289 USD per capita |
Public debt:
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86.1% of GDP (2008 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:
|
-4% (2008 est.) |
Electricity - production:
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4.037 billion kWh (2006 est.) |
Electricity - production per capita:
|
99 kWh per capita |
Electricity - consumption:
|
3.398 billion kWh (2006 est.) |
Electricity - consumption - per capita:
|
83 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
466,100 bbl/day (2007 est.) |
Oil - production per capita:
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11,344 bbl/day per capita |
Oil - consumption:
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79,760 bbl/day (2006 est.) |
Oil - consumption - per capita:
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0.71 bbl/year per capita |
Oil - exports:
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282,100 bbl/day (2005) |
Oil - imports:
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7,558 bbl/day (2005) |
Oil - proved reserves:
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5 billion bbl (1 January 2008 est.) |
Natural gas - production:
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0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
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84.95 billion cu m (1 January 2008 est.) |
Agriculture - products:
|
cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, livestock |
Current account balance:
|
-$952 million (2008 est.) |
Current account balance - per capita:
|
-23 USD per capita |
Exports:
|
$13.62 billion f.o.b. (2008 est.) |
Exports per capita:
|
332 USD per capita |
Exports - commodities:
|
oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar |
Exports - partners:
|
China 82.1%, Japan 8.4%, UAE 2.5% (2007) |
Imports:
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$7.757 billion f.o.b. (2008 est.) |
Imports per capita:
|
189 USD per capita |
Imports - commodities:
|
foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat |
Imports - partners:
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China 27.9%, Saudi Arabia 7.5%, India 6.3%, Egypt 5.6%, UAE 5.5%, Japan 4.2% (2007) |
Reserves of foreign exchange and gold:
|
$2.329 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
57 USD per capita |
Debt - external:
|
$30.48 billion (31 December 2008 est.) |
Debt - external - per capita:
|
742 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$1.829 billion (2005) |
Economic aid - recipient per capita:
|
45 USD per capita |
Currency (code):
|
Sudanese pounds (SDG) |
Exchange rates:
|
Sudanese pounds (SDG) per US dollar - 2.1 (2008 est.), 2.06 (2007), 2.172 (2006), 2.4361 (2005), 2.5791 (2004)
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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