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    Sudan Index 2006

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    Sudan Economy - 2006
    https://theodora.com/wfbcurrent/sudan/sudan_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Sudan has turned around a struggling economy with sound economic policies and infrastructure investments, but it still faces formidable economic problems, starting from its low level of per capita output. From 1997 to date, Sudan has been implementing IMF macroeconomic reforms. In 1999, Sudan began exporting crude oil and in the last quarter of 1999 recorded its first trade surplus, which, along with monetary policy, has stabilized the exchange rate. Increased oil production, revived light industry, and expanded export processing zones helped sustain GDP growth at 8.6% in 2004. Agricultural production remains Sudan's most important sector, employing 80% of the work force, contributing 39% of GDP, and accounting for most of GDP growth, but most farms remain rain-fed and susceptible to drought. Chronic instability - resulting from the long-standing civil war between the Muslim north and the Christian/pagan south, adverse weather, and weak world agricultural prices - ensure that much of the population will remain at or below the poverty line for years.

      GDP (purchasing power parity):
      $84.93 billion (2005 est.)

      GDP (official exchange rate):
      $22.27 billion (2005 est.)

      GDP - real growth rate:
      7.7% (2005 est.)

      GDP - per capita (PPP):
      $2,100 (2005 est.)

      GDP - composition by sector:
      agriculture: 38.7%
      industry: 20.3%
      services: 41% (2003 est.)

      Labor force:
      11 million (1996 est.)

      Labor force - by occupation:
      agriculture: 80%
      industry: 7%
      services: 13% (1998 est.)

      Unemployment rate:
      18.7% (2002 est.)

      Population below poverty line:
      40% (2004 est.)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      11% (2005 est.)

      Investment (gross fixed):
      15.4% of GDP (2005 est.)

      Budget:
      revenues: $6.182 billion
      expenditures: $5.753 billion; including capital expenditures of $304 million (2005 est.)

      Public debt:
      79% of GDP (2005 est.)

      Agriculture - products:
      cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, 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:
      8.5% (1999 est.)

      Electricity - production:
      3.165 billion kWh (2003)

      Electricity - consumption:
      2.943 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      401,300 bbl/day (2005 est.)

      Oil - consumption:
      70,000 bbl/day (2004 est.)

      Oil - exports:
      275,000 bbl/day (2004)

      Oil - imports:
      0 bbl/day (2004)

      Oil - proved reserves:
      1.6 billion bbl (2005 est.)

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Natural gas - proved reserves:
      84.95 billion cu m (2005)

      Current account balance:
      -$658 million (2005 est.)

      Exports:
      $6.989 billion f.o.b. (2005 est.)

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

      Exports - partners:
      China 66.9%, Japan 10.7%, Saudi Arabia 4.4% (2004)

      Imports:
      $5.028 billion f.o.b. (2005 est.)

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

      Imports - partners:
      China 13%, Saudi Arabia 11.5%, UAE 5.9%, Egypt 5.1%, India 4.8%, Germany 4.5%, Australia 4.1%, Japan 4% (2004)

      Reserves of foreign exchange and gold:
      $2.52 billion (2005 est.)

      Debt - external:
      $18.15 billion (2005 est.)

      Economic aid - recipient:
      $172 million (2001)

      Currency (code):
      Sudanese dinar (SDD)

      Exchange rates:
      Sudanese dinars per US dollar - 243.61 (2005), 257.91 (2004), 260.98 (2003), 263.31 (2002), 258.7 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Sudan on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Sudan Economy 2006 information contained here. All suggestions for corrections of any errors about Sudan Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/sudan/sudan_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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