Sudan:
Economy

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Other pages in this profile of Sudan:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $80.71 billion (2007 est.)
GDP (official exchange rate)	Definition $49.71 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 10.5% (2007 est.)
GDP - per capita	Definition - World rank and map $2,200 (2007 est.)
GDP - composition by sector	Definition agriculture: 31.8% industry: 34.2% services: 33.9% (2007 est.)
Labor force	Definition 7.415 million (1996 est.)
Labor force - by occupation	Definition agriculture: 80% industry: 7% services: 13% (1998 est.)
Unemployment rate	Definition - World rank and map 18.7% (2002 est.)
Population below poverty line	Definition 40% (2004 est.)
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 8% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 18.7% of GDP (2007 est.)
Budget	Definition revenues: $8.665 billion expenditures: $10.89 billion (2007 est.)
Public debt	Definition - World rank and map 98.9% of GDP (2007 est.)
Agriculture - products	Definition cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, livestock
Industries	Definition oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly
Industrial production growth rate	Definition - World rank and map 30% (2007 est.)
Electricity - production	Definition - World rank and map 3.944 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 3.298 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 82.1 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 397,000 bbl/day (2006 est.)
Oil - consumption	Definition - World rank and map 79,760 bbl/day (2006 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 2 bbl/day (2006 est.)
Oil - exports	Definition - World rank and map 279,100 bbl/day (2004)
Oil - imports	Definition - World rank and map 7,945 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 6.49 billion bbl (2007 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2006 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2006 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2006 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2006 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2006 est.)
Natural gas - proved reserves	Definition - World rank and map 86 billion cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$5.432 billion (2007 est.)
Exports	Definition - World rank and map $8.878 billion f.o.b. (2007 est.)
Exports - commodities	Definition oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar
Exports - partners	Definition China 67.8%, Japan 19%, South Korea 2% (2006)
Imports	Definition - World rank and map $7.722 billion f.o.b. (2007 est.)
Imports - commodities	Definition foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat
Imports - partners	Definition China 27.9%, Saudi Arabia 7.5%, India 6.3%, Egypt 5.6%, UAE 5.5%, Japan 4.2% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $1.378 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $29.51 billion (31 December 2007 est.)
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $1.829 billion (2005)
Currency (code)	Definition Sudanese pounds (SDG)
Exchange rates	Definition 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	Definition calendar year

Sudan: Economy

Sudan:
Economy