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  Sudan /
Economy
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Key figures
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GNP: US$87.3 billion
GNP per capita: US$2,200 (World rank: 182)
GDP composition: Agriculture 43%, industry 17%, services 40%
Foreign aid received: US$187 million (1997)
Annual inflation rate: 5% (2001), 7% (2002)
Trade balance: Exports in 2001 were US$ 2.1 billion, imports US$ 1.6 billion, hence a surplus of 30%
Foreign debts: US$15 billion (2000 estimate, other estimates go as high as 25 billion)
Foreign debts/GNP 120%
Foreign debts/capita: US$ 405
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International rankings
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Corruption: 173 of 180 countries
Investment friendly: 147 of 181 countries
Figures of 2008 |
Value of Currency
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1997:
US$1=157 Dinars
1998:
US$1=200 Dinars
1999:
US$1=252 Dinars
2000:
US$1=257 Dinars
2001:
US$1=259 Dinars
January 2002:
US$1=261 Dinars
May 2003:
US$1=247 Dinars
September 2008:
US$1=2.12 Pounds
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Sudan is extremely poor, and even if the black economy (that does not become part of the statistics) is considerable, it is still not large enough to change this image.
The ongoing war in the south of the country does not only affect life and business of that part of the country, but also takes away funds from the rest of the country. Sudan has practically no upper class (as measured by Western standards), and there is minimal large-scale industry.
At the present Sudan has bad economic prospects. But if there was to be future change in the economic politics and an end to the civil war, Sudan has many unused resources that could bring quick economic growth to the country.
From January 2007, Sudan changed its dinar to pounds. The pound replaced the dinar with 1 pound=100 dinars. Southern Sudan had until then used their own pounds, which were replaced with 1 new pound=1000 old pounds.
© Copyright 1996-2009 LookLex Ltd. All rights reserved
By: Tore Kjeilen
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