Sudan - Economy
How is the economy of Sudan? Based on the information we have, Sudan has a
low-income Sahel economy devastated by ongoing civil war; major impacts on rural income, basic commodity prices, industrial production, agricultural supply chain, communications and commerce; hyperinflation and currency depreciation worsening food access and humanitarian conditions
. Key agricultural products in this country include: sorghum, sugarcane, milk, groundnuts, millet, onions, sesame seeds, goat milk, bananas, mangoes/guavas (2022).More about the economy of Sudan
| Labor force | 13.59 million (2023 est.) |
|---|---|
| Industrial production growth rate | -11.6% (2023 est.) |
| Industries | oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly, milling |
| Population below poverty line | |
| Taxes and other revenues | 7.39% (of GDP) (2016 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Sudanese pounds (SDG) per US dollar - |
| Exchange rates 2022 | 546.759 (2022 est.) |
| Exchange rates 2021 | 370.791 (2021 est.) |
| Exchange rates 2020 | 53.996 (2020 est.) |
| Exchange rates 2019 | 45.767 (2019 est.) |
| Exchange rates 2018 | 24.329 (2018 est.) |
| Debt - external | |
| Debt - external 31 December 2017 | $56.05 billion (31 December 2017 est.) |
| Debt - external 31 December 2016 | $51.26 billion (31 December 2016 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2017 | $177.934 million (2017 est.) |
| Reserves of foreign exchange and gold 2016 | $168.284 million (2016 est.) |
| Reserves of foreign exchange and gold 2015 | $173.516 million (2015 est.) |
| Current account balance | |
| Current account balance 2022 | -$4.443 billion (2022 est.) |
| Current account balance 2021 | -$2.62 billion (2021 est.) |
| Current account balance 2020 | -$5.841 billion (2020 est.) |
| Public debt | |
| Public debt 2017 | 121.6% of GDP (2017 est.) |
| Budget | |
| Revenues | $3.479 billion (2019 est.) |
| Expenditures | $8.277 billion (2019 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 0.91% of GDP (2023 est.) |
| Remittances 2022 | 2.9% of GDP (2022 est.) |
| Remittances 2021 | 3.27% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 3.2% (2014 est.) |
| Highest 10% | 27.8% (2014 est.) |
| Imports | |
| Imports 2022 | $11.575 billion (2022 est.) |
| Imports 2021 | $10.271 billion (2021 est.) |
| Imports 2020 | $10.52 billion (2020 est.) |
| Imports (partners) | China 22%, UAE 20%, India 18%, Egypt 9%, Turkey 5% (2022) |
| Comodities Imports force | raw sugar, wheat, refined petroleum, garments, jewelry (2022) |
| Exports | |
| Imports 2022 | $11.575 billion (2022 est.) |
| Imports 2021 | $10.271 billion (2021 est.) |
| Imports 2020 | $10.52 billion (2020 est.) |
| Exports (partners) | UAE 43%, China 16%, Italy 8%, Egypt 8%, Turkey 4% (2022) |
| Comodities Exports force | gold, crude petroleum, oil seeds, ground nuts, cotton (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $136.039 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $154.672 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $156.168 billion (2021 est.) |
| GDP (official exchange rate) | $109.327 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $2,800 (2023 est.) |
| Real GDP per capita 2022 | $3,300 (2022 est.) |
| Real GDP per capita 2021 | $3,400 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 39.6% (2017 est.) |
| Industry | 2.6% (2017 est.) |
| Services | 57.8% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 77.3% (2017 est.) |
| Government consumption | 5.8% (2017 est.) |
| Investment in fixed capital | 18.4% (2017 est.) |
| Investment in inventories | 0.6% (2017 est.) |
| Exports of goods and services | 9.7% (2017 est.) |
| Imports of goods and services | -11.8% (2017 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 11.45% (2023 est.) |
| Unemployment rate 2022 | 7.53% (2022 est.) |
| Unemployment rate 2021 | 11.47% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 18.2% (2023 est.) |
| Male | 18.5% (2023 est.) |
| Female | 17.5% (2023 est.) |
All Important Facts about Sudan
Want to know more about Sudan? Check all different factbooks for Sudan below.
