Sudan Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

low-income Sahel economy; one of the world’s major agricultural exporters; shared oil pipeline exports with South Sudan; transitional government increasing human capital investment; food prices hit hard by COVID-19; ongoing Gezira Scheme irrigation project

Real GDP (purchasing power parity)

$168.98 billion (2021 est.)

$172.198 billion (2020 est.)

$178.684 billion (2019 est.)

note: data are in 2017 dollars

Real GDP growth rate

-1.87% (2021 est.)

-3.63% (2020 est.)

-2.18% (2019 est.)

Real GDP per capita

$3,700 (2021 est.)

$3,900 (2020 est.)

$4,100 (2019 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$24.918 billion (2019 est.)

Inflation rate (consumer prices)

382.82% (2021 est.)

150.32% (2020 est.)

50.99% (2019 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.)

Agricultural products

sugar cane, sorghum, milk, groundnuts, onions, sesame seed, goat milk, millet, bananas, wheat

Industries

oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly, milling

Industrial production growth rate

-0.7% (2021 est.)

Labor force

12.921 million (2021 est.)

Labor force - by occupation

agriculture: 80%

industry: 7%

services: 13% (1998 est.)

Unemployment rate

19.81% (2021 est.)

19.65% (2020 est.)

17.65% (2019 est.)

Youth unemployment rate (ages 15-24)

total: 35.6%

male: 30.5%

female: 45.8% (2021 est.)

Population below poverty line

46.5% (2009 est.)

Gini Index coefficient - distribution of family income

34.2 (2014 est.)

Household income or consumption by percentage share

lowest 10%: 2.7%

highest 10%: 26.7% (2009 est.)

Budget

revenues: $3.479 billion (2019 est.)

expenditures: $8.277 billion (2019 est.)

Budget surplus (+) or deficit (-)

-10.6% (of GDP) (2017 est.)

Public debt

121.6% of GDP (2017 est.)

99.5% of GDP (2016 est.)

Taxes and other revenues

7.39% (of GDP) (2016 est.)

Fiscal year

calendar year

Current account balance

-$2.886 billion (2021 est.)

-$5.841 billion (2020 est.)

-$4.78 billion (2019 est.)

Exports

$5.916 billion (2021 est.) note: data are in current year dollars

$5.065 billion (2020 est.) note: data are in current year dollars

$5.101 billion (2019 est.)

Exports - partners

United Arab Emirates 31%, China 19%, Saudi Arabia 14%, India 12%, Egypt 5% (2019)

Exports - commodities

gold, crude petroleum, sesame seeds, sheep, goats, cotton, ground nuts (2019)

Imports

$9.788 billion (2021 est.) note: data are in current year dollars

$10.52 billion (2020 est.) note: data are in current year dollars

$9.787 billion (2019 est.)

Imports - partners

China 31%, India 14%, United Arab Emirates 11%, Egypt 6% (2019)

Imports - commodities

raw sugar, wheat, packaged medicines, jewelry, tires, cars and vehicle parts (2019)

Reserves of foreign exchange and gold

$177.934 million (31 December 2017 est.)

$168.3 million (31 December 2016 est.)

Debt - external

$56.05 billion (31 December 2017 est.)

$51.26 billion (31 December 2016 est.)

Exchange rates

Sudanese pounds (SDG) per US dollar -

53.996 (2020 est.)

45.767 (2019 est.)

24.329 (2018 est.)

6.683 (2017 est.)

6.212 (2016 est.)

NOTE: The information regarding Sudan on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Sudan 2023 information contained here. All suggestions for corrections of any errors about Sudan 2023 should be addressed to the CIA or the source cited on each page.