unbekannter Gast

Sudan: Economy#

Sudan is an extremely poor country that has experienced protracted social conflict, civil war, and, in July 2011, the loss of three-quarters of its oil production due to the secession of South Sudan. The oil sector had driven much of Sudan's GDP growth since 1999. For nearly a decade, the economy boomed on the back of rising oil production, high oil prices, and significant inflows of foreign direct investment. Since the economic shock of South Sudan's secession, Sudan has struggled to stabilize its economy and make up for the loss of foreign exchange earnings. The interruption of oil production in South Sudan in 2012 for over a year and the consequent loss of oil transit fees further exacerbated the fragile state of Sudan’s economy. Sudan is also subject to comprehensive US sanctions. Sudan is attempting to develop non-oil sources of revenues, such as gold mining, while carrying out an austerity program to reduce expenditures. The world’s largest exporter of gum Arabic, Sudan produces 75-80% of the world’s total output. Agriculture continues to employ 80% of the work force. Sudan introduced a new currency, still called the Sudanese pound, following South Sudan's secession, but the value of the currency has fallen since its introduction. Khartoum formally devalued the currency in June 2012, when it passed austerity measures that included gradually repealing fuel subsidies. Sudan also faces rising inflation, which reached 47% on an annual basis in November 2012, but subsided to 25% in 2013. Ongoing conflicts in Southern Kordofan, Darfur, and the Blue Nile states, lack of basic infrastructure in large areas, and reliance by much of the population on subsistence agriculture keep close to half of the population at or below the poverty line.

Economic Facts#

GDP (purchasing power parity)$89.97 billion (2013 est.)
$86.59 billion (2012 est.)
$89.51 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate3.9% (2013 est.)
-3.3% (2012 est.)
-1.8% (2011 est.)
GDP - per capita (PPP)$2,600 (2013 est.)
$2,600 (2012 est.)
$2,700 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 27.4%
industry: 33.6%
services: 39% (2013 est.)
Population below poverty line46.5% (2009 est.)
Household income or consumption by percentage sharelowest 10%: 2.7%
highest 10%: 26.7% (2009 est.)
Labor force - by occupationagriculture: 80%
industry: 7%
services: 13% (1998 est.)
Exports - commoditiesgold; oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar
Exports - partnersUAE 63.2%, Saudi Arabia 9.2%, Ethiopia 5.3% (2012)
Agriculture - productscotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (manioc, tapioca), mangoes, papaya, bananas, sweet potatoes, sesame seeds; sheep and other livestock
Budgetrevenues: $4.513 billion
expenditures: $6.842 billion (2013 est.)
Imports - commoditiesfoodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat
Imports - partnersMacau 18.1%, India 8.8%, Saudi Arabia 7.9%, Egypt 6.7%, UAE 5.2% (2012)
Exchange ratesSudanese pounds (SDG) per US dollar -
5.83 (2013 est.)
3.57 (2012 est.)
2.31 (2010 est.)
2.3 (2009)
2.1 (2008)
Exports$4.145 billion (2013 est.)
$3.368 billion (2012 est.)
Debt - external$40.92 billion (31 December 2013 est.)
$39.54 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$5.941 billion (2013 est.)
$8.123 billion (2012 est.)
Industrial production growth rate11% (2013 est.)
Industriesoil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly
Inflation rate (consumer prices)25% (2013 est.)
37.4% (2012 est.)
Labor force11.92 million (2007 est.)
Unemployment rate20% (2012 est.)
18.7% (2002 est.)
Public debt111% of GDP (2013 est.)
101.7% of GDP (2012 est.)
Current account balance-$1.98 billion (2013 est.)
-$5.282 billion (2012 est.)
Reserves of foreign exchange and gold$202.2 million (31 December 2013 est.)
$192.6 million (31 December 2012 est.)
GDP (official exchange rate)$52.5 billion (2013 est.)
Market value of publicly traded shares$NA
Stock of domestic credit$9.785 billion (31 December 2013 est.)
$11.64 billion (31 December 2012 est.)
Stock of narrow money$8.035 billion (31 December 2013 est.)
$7.927 billion (31 December 2012 est.)
Stock of broad money$12.82 billion (31 December 2013 est.)
$13.23 billion (31 December 2012 est.)
Taxes and other revenues8.6% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-4.4% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 64.1%
government consumption: 11.3%
investment in fixed capital: 23.2%
investment in inventories: 3.4%
exports of goods and services: 17.9%
imports of goods and services: -19.9%
(2013 est.)
Gross national saving26.6% of GDP (2013 est.)
18.1% of GDP (2012 est.)
26.8% of GDP (2011 est.)