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Sudan:
Economy

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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


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