Sudan

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Introduction - Sudan:
Location - Sudan:
People - Sudan:
Government - Sudan:
Economy - Sudan:

Economy overview

Sudan has turned around a struggling economy with sound economic policies and infrastructure investments, but it still faces formidable economic problems starting from its low level of per capita output. From 1997 to date, Sudan has been implementing IMF macroeconomic reforms. In 1999, Sudan began exporting crude oil and in the last quarter of 1999 recorded its first trade surplus, which, along with monetary policy, has stabilized the exchange rate. Increased oil production, high oil prices, revived light industry, and expanded export processing zones helped sustain GDP growth at about 10% in 2006. Agricultural production remains Sudans most important sector, employing 80% of the work force and contributing 35% of GDP, but most farms remain rain-fed and susceptible to drought. Chronic instability - resulting from the long-standing North/South civil war as well as the Darfur conflict, adverse weather, and weak world agricultural prices - ensure that much of the population will remain at or below the poverty line for years. In late 2006, the government announced its intention to introduce a new currency, the Sudan Pound, from January 2007 at an exchange rate of $1.00 equals 2 Sudanese Pounds.

Gdp purchasing power parity

$97.47 billion (2006 est.)

Gdp official exchange rate

$25.5 billion (2006 est.)

Gdp real growth rate

9.6% (2006 est.)

Gdp per capita ppp

$2,400 (2006 est.)

Gdp composition by sector

agriculture: 35.5%
industry: 24.8%
services: 39.7% (2006 est.)

Labor force

7.415 million (1996 est.)

Labor force by occupation

agriculture: 80%
industry: 7%
services: 13% (1998 est.)

Unemployment rate

18.7% (2002 est.)

Population below poverty line

40% (2004 est.)

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

9% (2006 est.)

Investment gross fixed

25.3% of GDP (2006 est.)

Budget

revenues: $7.943 billion
expenditures: $10.1 billion; including capital expenditures of $304 million (2006 est.)

Public debt

59.6% of GDP (2006 est.)

Agriculture products

cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, livestock

Industries

oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly

Industrial production growth rate

8.5% (1999 est.)

Electricity production

3.845 billion kWh (2004)

Electricity consumption

3.576 billion kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

344,700 bbl/day (2004 est.)

Oil consumption

66,000 bbl/day (2004 est.)

Oil exports

279,100 bbl/day (2004)

Oil imports

7,945 bbl/day (2004)

Oil proved reserves

1.6 billion bbl (2006 est.)

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Natural gas proved reserves

84.95 billion cu m (1 January 2005 est.)

Current account balance

-$4.51 billion (2006 est.)

Exports

$7.505 billion f.o.b. (2006 est.)

Exports commodities

oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar

Exports partners

Japan 49.6%, China 32%, Saudi Arabia 3.1% (2006)

Imports

$8.693 billion f.o.b. (2006 est.)

Imports commodities

foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat

Imports partners

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

$3.552 billion (2006 est.)

Debt external

$29.69 billion (2006 est.)

Economic aid recipient

$172 million (2001)

Currency code

Sudanese dinar (SDD)

Exchange rates

Sudanese dinars per US dollar - 217.2 (2006), 243.61 (2005), 257.91 (2004), 260.98 (2003), 263.31 (2002)

Communications - Sudan:
Transportation - Sudan:
Military - Sudan:
This page was last updated on 16 September, 2007
Source: CIA >>>


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Sudan



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Sudan



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Sudan




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