Sudan

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Sudan is an extremely poor country that has experienced protracted social conflict, civil war, and, in July 2011, the loss of three-quarters of its oil production due to the secession of South Sudan. The oil sector had driven much of Sudan's GDP growth since 1999. For nearly a decade, the economy boomed on the back of rising oil production, high oil prices, and significant inflows of foreign direct investment. Since the economic shock of South Sudan's secession, Sudan has struggled to stabilize its economy and make up for the loss of foreign exchange earnings. The interruption of oil production in South Sudan in 2012 for over a year and the consequent loss of oil transit fees further exacerbated the fragile state of Sudan’s economy. Sudan is also subject to comprehensive US sanctions. Sudan is attempting to develop non-oil sources of revenues, such as gold mining, while carrying out an austerity program to reduce expenditures. The world’s largest exporter of gum Arabic, Sudan produces 75-80% of the world’s total output. Agriculture continues to employ 80% of the work force. 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. Khartoum formally devalued the currency in June 2012, when it passed austerity measures that included gradually repealing fuel subsidies. Sudan also faces rising inflation, which reached 47% on an annual basis in November 2012, but subsided to 37% in 2014. 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 keep close to half of the population at or below the poverty line.

$159.1 billion (2014 est.)
$153.9 billion (2013 est.)
$148.4 billion (2012 est.)
note: data are in 2014 US dollars
country comparison to the world: 70
$73.82 billion (2014 est.)
3.4% (2014 est.)
3.7% (2013 est.)
-3.5% (2012 est.)
country comparison to the world: 109
$4,300 (2014 est.)
$4,100 (2013 est.)
$4,000 (2012 est.)
note: data are in 2013 US dollars
country comparison to the world: 175
household consumption: 81.1%
government consumption: 11.7%
investment in fixed capital: 21.3%
investment in inventories: 2%
exports of goods and services: 5.4%
imports of goods and services: -21.6%
(2014 est.)
agriculture: 26.8%
industry: 35.6%
services: 37.7% (2014 est.)
10.4% of GDP (2014 est.)
country comparison to the world: 205
-2.6% of GDP (2014 est.)
country comparison to the world: 98
$7.185 billion (2014 est.)
$7.086 billion (2013 est.)
country comparison to the world: 105
$9.247 billion (2014 est.)
$8.728 billion (2013 est.)
country comparison to the world: 107
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