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Sudan Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Sudan Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 8,

Economy - overview:
Sudan is an extremely poor country that has had to deal with social conflict, civil war, and the July 2011 secession of South Sudan - the region of the country that had been responsible for about three-fourths of the former Sudan's total oil production. The oil sector had driven much of Sudan's GDP growth since it began exporting oil in 1999. For nearly a decade, the economy boomed on the back of increases in oil production, high oil prices, and significant inflows of foreign direct investment. Following South Sudan's secession, Sudan has struggled to maintain economic stability, because oil earnings now provide a far lower share of the country's need for hard currency and for budget revenues. Sudan is attempting to generate new sources of revenues, such as from gold mining, while carrying out an austerity program to reduce expenditures. Services and utilities have played an increasingly important role in the economy. Agricultural production continues to employ 80% of the work force and contributes a third of GDP. 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 and shortages of foreign exchange continue. Sudan also faces rising inflation, which has led to a number of small scale protests in Khartoum in recent months. 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 ensure that much of the population will remain at or below the poverty line for years to come.

GDP (purchasing power parity):
$97.21 billion (2011 est.)
country comparison to the world: 72

$97.41 billion (2010 est.)
$91.49 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$63.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-0.2% (2011 est.)
country comparison to the world: 199

6.5% (2010 est.)
4.6% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$3,000 (2011 est.)
country comparison to the world: 170

$2,400 (2010 est.)
$2,300 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 44.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45%
[see also: GDP - composition by sector - industry country ranks ]
services: 10.3% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
11.92 million (2007 est.)
country comparison to the world: 43
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 7%
[see also: Labor force - by occupation - industry country ranks ]
services: 13% (1998 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
18.7% (2002 est.)
country comparison to the world: 159
[see also: Unemployment rate country ranks ]

Population below poverty line:
40% (2004 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
23.7% of GDP (2011 est.)
country comparison to the world: 74
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $9.263 billion
[see also: Budget revenues country ranks ]
expenditures: $11.52 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
14.6% of GDP (2011 est.)
country comparison to the world: 193
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.6% of GDP (2011 est.)
country comparison to the world: 114
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
100.8% of GDP (2011 est.)
country comparison to the world: 13

90.8% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
15.8% (2011 est.)
country comparison to the world: 208

13% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
10.5% (31 December 2011 est.)
country comparison to the world: 105

9.7% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$6.694 billion (31 December 2011 est.)
country comparison to the world: 85

$7.875 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$19.36 billion (31 December 2011 est.)
country comparison to the world: 85

$14.53 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$11 billion (31 December 2011 est.)
country comparison to the world: 93

$12.99 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep and other 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:
3.5% (2010 est.)
country comparison to the world: 97
[see also: Industrial production growth rate country ranks ]

Electricity - production:
4.323 billion kWh (2008 est.)
country comparison to the world: 117
[see also: Electricity - production country ranks ]

Electricity - consumption:
3.787 billion kWh (2008 est.)
country comparison to the world: 121
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
514,300 bbl/day (2010 est.)
country comparison to the world: 31
[see also: Oil - production country ranks ]

Oil - consumption:
98,000 bbl/day (2010 est.)
country comparison to the world: 75
[see also: Oil - consumption country ranks ]

Oil - exports:
383,900 bbl/day (2009 est.)
country comparison to the world: 35
[see also: Oil - exports country ranks ]

Oil - imports:
11,820 bbl/day (2009 est.)
country comparison to the world: 139
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 127
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 130
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 182
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 129
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
84.95 billion cu m (1 January 2011 est.)
country comparison to the world: 57
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$5.003 billion (2011 est.)
country comparison to the world: 172

-$3.868 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$7.705 billion (2011 est.)
country comparison to the world: 103

$11.4 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
oil and petroleum products; cotton, sesame, livestock, groundnuts, gum arabic, sugar

Exports - partners:
China 68.3%, Japan 12.6%, India 5.8% (2010)

Imports:
$8.427 billion (2011 est.)
country comparison to the world: 104

$8.839 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat

Imports - partners:
China 21.7%, Egypt 8%, Saudi Arabia 7.7%, India 6.1%, UAE 5.7% (2010)

Reserves of foreign exchange and gold:
$1.651 billion (31 December 2011 est.)
country comparison to the world: 125

$2.063 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$39.71 billion (31 December 2011 est.)
country comparison to the world: 62

$37.7 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Sudanese pounds (SDG) per US dollar -

2.8 (2011 est.)
2.31 (2010 est.)
2.3 (2009)
2.1 (2008)
2.06 (2007)


NOTE: 1) The information regarding Sudan on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Sudan Economy 2012 information contained here. All suggestions for corrections of any errors about Sudan Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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