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: sugarcane, sorghum, milk, onions, groundnuts, sesame seeds, goat milk, bananas, mangoes/guavas, millet (2023).More about the economy of Sudan
| Labor force | 10.949 million (2022 est.) |
|---|---|
| Industrial production growth rate | -13.1% (2024 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 | 7.4% (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 2023 | $21.65 billion (2023 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 2016 | 99.5% of GDP (2016 est.) |
| Budget | |
| Revenues | $9.045 billion (2015 est.) |
| Expenditures | $9.103 billion (2015 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 2.5% of GDP (2023 est.) |
| Remittances 2022 | 2.9% of GDP (2022 est.) |
| Remittances 2021 | 3.3% of GDP (2021 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 21%, India 19%, Egypt 16%, UAE 14%, Saudi Arabia 7% (2023) |
| Comodities Imports force | raw sugar, wheat flours, refined petroleum, garments, packaged medicine (2023) |
| 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 21%, China 17%, Saudi Arabia 16%, Malaysia 9%, Egypt 8% (2023) |
| Comodities Exports force | crude petroleum, gold, oil seeds, sheep and goats, ground nuts (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $94.42 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $109.147 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $154.672 billion (2022 est.) |
| GDP (official exchange rate) | $49.91 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $1,900 (2024 est.) |
| Real GDP per capita 2023 | $2,200 (2023 est.) |
| Real GDP per capita 2022 | $3,100 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 22.1% (2024 est.) |
| Industry | 23% (2024 est.) |
| Services | 54.9% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 80.7% (2024 est.) |
| Government consumption | 16.5% (2024 est.) |
| Investment in fixed capital | 2.9% (2024 est.) |
| Investment in inventories | 0% (2024 est.) |
| Exports of goods and services | 1.2% (2024 est.) |
| Imports of goods and services | -1.3% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 11.45% (2023 est.) |
| Unemployment rate 2022 | 7.6% (2022 est.) |
| Unemployment rate 2021 | 11.1% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 12% (2022 est.) |
| Male | 11.8% (2022 est.) |
| Female | 13.1% (2022 est.) |
All Important Facts about Sudan
Want to know more about Sudan? Check all different factbooks for Sudan below.
