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. Agriculture 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 - per capita | $2,100 (2005 est.) |
GDP - real growth rate (%) | 8.6% (2005 est.) |
Agriculture - products | cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangos, papaya, bananas, sweet potatoes, sesame; sheep, livestock |
GDP - composition by sector (%) | agriculture: 38.7%, industry: 20.3%, services: 41% (2003 est.) |
Industries | oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly |
Economic aid - recipient | $172 million (2001) |
Debt - external | $18.15 billion (2005 est.) |
Population below poverty line (%) | 40% (2004 est.) |
Labor force - by occupation (%) | agriculture 80%, industry and commerce 7%, government 13% (1998 est.) |