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Currency | Sudanese pound (SDG) |
---|---|
Calendar Year | |
Trade organisations | AU, AfCFTA (signed), Arab League, COMESA, WTO |
Country group |
|
Statistics | |
Population | 48,109,006 (2023)[3] |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
81.3% (2020 est.)[5] | |
Population below poverty line | |
35.3 medium (2013)[9] | |
Labour force | |
Labour force by occupation |
|
Unemployment | |
Main industries | oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly, and milling. |
External | |
Exports | $4.1 billion (2017 est.)[6] |
Export goods | gold; oil and petroleum products; cotton, sesame, livestock, peanuts, gum Arabic, sugar |
Main export partners |
|
Imports | $8.22 billion (2017 est.)[6] |
Import goods | foodstuffs, manufactured goods, refinery and transport equipment, medicines, chemicals, textiles, wheat |
Main import partners | |
FDI stock |
|
−$4.811 billion (2017 est.)[6] | |
Gross external debt | $56.05 billion (2017 est.)[6] |
Public finances | |
121.6% of GDP (2017 est.)[6] | |
−10.6% (of GDP) (2017 est.)[6] | |
Revenues | 8.48 billion (2017 est.)[6] |
Expenses | 13.36 billion (2017 est.)[6] |
$198 million (31 December 2017 est.)[6] | |
All values, unless otherwise stated, are in US dollars. |
The economy of Sudan is largely based on agriculture and oil exports, with additional revenue coming from mining and manufacturing. GDP growth registered more than 10% per year in 2006 and 2007. Sudan had $30.873 billion by gross domestic product as of 2019, and has been working with the International Monetary Fund (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 the GDP. The War in Darfur, the aftermath of two decades of war in the Second Sudanese Civil War (1983–2005) 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. The problem remains, despite rapid rises in average per capita income. In January 2007, the government introduced a new Sudanese pound, at an initial exchange rate of US$1 = £S.2. Sudan is still a least developed country according to United Nations.