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 2022 $19.642 billion (2022 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 $9.045 billion (2015 est.)
Expenditures $9.103 billion (2015 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 5.6% (2023 est.)
Industry 5.2% (2023 est.)
Services 7.6% (2023 est.)
GDP - composition, by end use
Household consumption 81.7% (2023 est.)
Government consumption 16.2% (2023 est.)
Investment in fixed capital 2% (2023 est.)
Exports of goods and services 1.2% (2023 est.)
Imports of goods and services -1% (2023 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.

Sudan is found in Northern Africa