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Encyclopedia > Economy of Sudan
Economy of Sudan
Currency Sudanese pound
Fiscal year Calendar Year
Trade organisations AU, WTO(Observer)
Statistics [1]
GDP ranking 62nd (2004) [2]
GDP $76.19 billion (2004)
GDP growth 6.4% (2004)
GDP per capita $1,900 (2004)
GDP by sector agriculture (38.7%), industry (20.3%), services (41%) (2003)
Inflation 9% (2004)
Pop below poverty line 40% (2004)
Labour force 11 million (1996)
Labour force by occupation agriculture 80%, industry and commerce (7%), government (13%) (1998)
Unemployment 18.7% (2002)
Main industries oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly
Trading Partners [3]
Exports $3.395 billion (2004)
Export - Commodities oil and petroleum products, cotton, sesame, livestock, groundnuts, gum arabic, sugar
Main partners China 64.3%, Japan 13.8%, Saudi Arabia 3.7%(2004)
Imports $3.496 billion (2004)
Imports - Commodities foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, wheat
Main Partners Saudi Arabia 11.7%, China 10.7%, UAE 6.2%, Egypt 5.2%, Germany 4.9%, India 4.6%, Australia 4.1%, UK 4% (2004)
Public finances [4]
Public debt 79.7% of GDP (2004)
Revenues $3.057 billion (2004)
Expenses $2.965 billion (2004)
Economic aid $172 million (recipient)(2001)

Sudan's primary resources are agricultural, but oil production and export are taking on greater importance since October 2000. Although the country is trying to diversify its cash crops, cotton and gum Arabic remain its major agricultural exports. Grain sorghum (dura) is the principal food crop, and wheat is grown for domestic consumption. Sesame seeds and peanuts are cultivated for domestic consumption and increasingly for export. Livestock production has vast potential, and many animals, particularly camels and sheep, are exported to Egypt, Saudi Arabia, and other Arab countries. However, Sudan remains a net importer of food. Problems of irrigation and transportation remain the greatest constraints to a more dynamic agricultural economy. The Sudanese pound (Arabic: ) is the currency of Sudan. ... Anthem Let Us All Unite and Celebrate Together Administrative center Largest city Cairo, Egypt Leaders  -  Chairperson John Kufuor  -  Alpha Oumar Konaré Establishment  -  as the OAU May 25, 1963   -  as the African Union July 9, 2002  Membership 53 African states Area  -  Total 29,757,900 km² (1st2)  sq mi  Population  -  2005... For other uses of the initials WTO, see WTO (disambiguation). ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Map of countries showing percentage of population who have an income below the national poverty line The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 1996 is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... This article or section does not cite any references or sources. ... 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... This article or section does not cite any references or sources. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... Natural olive oil Synthetic motor oil An oil is any substance that is in a viscous liquid state (oily) at ambient temperatures or slightly warmer, and is both hydrophobic (immiscible with water, literally water fearing) and lipophilic (miscible with other oils, literally fat loving). This general definition includes compound classes... Cotton ready for harvest. ... This article is about the type of fabric. ... In the most general sense of the word, cement is a binder, a substance which sets and hardens independently, and can bind other materials together. ... It has been suggested that this article or section be merged with cooking oil. ... Magnification of grains of sugar, showing their monoclinic hemihedral crystalline structure. ... This article is about the computer protocol. ... shoe for right foot A shoe is a piece of footwear for humans, less than a boot and more than a slipper. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Pharmacology (in Greek: pharmacon is drug, and logos is science) is the study of how chemical substances interfere with living systems. ... The bayonet, still used in war as both knife and spearpoint. ... Karl Benzs Velo (vélo means bicycle in French) model (1894) - entered into the first automobile race 2005 MINI Cooper S. An automobile (also motor car or simply car) is a wheeled passenger vehicle that carries its own motor. ... The driver of this DAF tractor with an auto-transport semi-trailer truck prepares to offload Å koda Octavia cars in Cardiff, Wales For other articles with similar names, see Lorry (disambiguation) and truck (disambiguation). ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Natural olive oil Synthetic motor oil An oil is any substance that is in a viscous liquid state (oily) at ambient temperatures or slightly warmer, and is both hydrophobic (immiscible with water, literally water fearing) and lipophilic (miscible with other oils, literally fat loving). This general definition includes compound classes... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Cotton ready for harvest. ... Binomial name Sesamum indicum L. Sesame (Sesamum indicum) is a flowering plant in the genus Sesamum. ... Sheep are commonly bred as livestock. ... This article is about peanut, the food. ... Acacia senegal plant from Koehlers Medicinal-Plants 1887 Gum arabic, a natural gum also called gum acacia, is a substance that is taken from two sub-Saharan species of the acacia tree, Acacia senegal and Acacia seyal. ... Magnification of grains of sugar, showing their monoclinic hemihedral crystalline structure. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... A refinery is composed of a group of chemical engineering unit processes and unit operations used for refining certain materials or converting raw material into products of value. ... A medication is a licenced drug taken to cure or reduce symptoms of an illness or medical condition. ... Chemical tanks in Lillebonne, France Chemical industry includes those industries involved in the production of petrochemicals, agrochemicals, pharmaceuticals, polymers, paints, oleochemicals etc. ... This article is about the type of fabric. ... Species T. aestivum T. boeoticum T. compactum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum T. timopheevii References:   ITIS 42236 2002-09-22 For the indie rock group see: Wheat (band). ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... Cotton ready for harvest. ... Acacia senegal plant from Koehlers Medicinal-Plants 1887 Gum arabic, a natural gum also called gum acacia, is a substance that is taken from two sub-Saharan species of the acacia tree, Acacia senegal and Acacia seyal. ... Species About 30 species, see text Sorghum is a genus of numerous species of grasses, some of which are raised for grain and many of which are utilised as fodder plants either cultivated or as part of pasture. ... Species T. aestivum T. boeoticum T. compactum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum T. timopheevii References:   ITIS 42236 2002-09-22 For the indie rock group see: Wheat (band). ... Binomial name Sesamum indicum Sesame (Sesamum indicum) is a crop grown primarily for its oil-rich seeds. ... Binomial name Arachis hypogaea L. This article is about the legume. ... Sheep are commonly bred as livestock. ... For other uses, see Camel (disambiguation). ... “Lamb” redirects here. ... Languages Arabic other minority languages Religions Predomiantly Sunni Islam, as well as Shia Islam, Greek Orthodoxy, Greek Catholicism, Maronite, Alawite Islam, Druze, Ibadi Islam, and Judaism An Arab (Arabic: ) is any member of the Semitic group of people whose cultural, linguistic, and in certain cases, ancestral origins trace back to... Irrigation is the artificial application of water to the soil. ...


Macro-economic trend

This is a chart of trend of gross domestic product of Sudan at market prices estimated by the International Monetary Fund with figures in millions of ruling currency.Sam is just soo cool

Year Gross Domestic Product US Dollar Exchange Inflation Index (2000=100)
1980 4,950 0.49 Sudanese Pounds 0.016
1985 13,910 2.30 Sudanese Pounds 0.062
1995 110,000 4.50 Sudanese Pounds 0.56
1995 423,332 57.83 Sudanese Dinars 19
2000 3,179,582 257.14 Sudeanese Dinars 100
2005 6,747,748 243.60 Sudanese Dinars 143

Current GDP per capita of Sudan grew 46% in the Sixties reaching a peak growth of 170% in the Seventies. But this proved unsustainable and growth consequently scaled back to 34% in the Eighties. Finally, it shrank by 26% in the Nineties.


The country’s transport facilities consist of one 4,800-kilometer (2,748-mi.), single-track railroad with a feeder line, supplemented by limited river steamers, Sudan airways, and about 1,900 km. (1,200 mi.) of paved and gravel road—primarily in greater Khartoum, Port Sudan, and the north. Some north-south roads that serve the oil fields of central/south Sudan have been built; and a 1,400 km. (840 mi.) oil pipeline goes from the oil fields via the Nuba Mountains and Khartoum to the oil export terminal in Port Sudan on the Red Sea. This is the top-level page of WikiProject trains Rail tracks Rail transport refers to the land transport of passengers and goods along railways or railroads. ... Categories: Telecommunications stubs ... Nickname: Khartoums location in Sudan Coordinates: Government  - Governor Abdul Halim al Mutafi Population (2005)  - Urban Over 1 Million For other uses, see Khartoum (disambiguation). ... Location of Port Sudan Port Sudan (Arabic: ‎) is the capital of the state of Red Sea in Sudan and has nearly 475,000 residents. ... Nuba Mountains The Nuba Mountains are a mountain range in Kordofan, a province in central Sudan, Africa. ... Location of the Red Sea The Red Sea is an inlet of the Indian Ocean between Africa and Asia. ...


Sudan’s limited industrial development consists of agricultural processing and various light industries located in Khartoum North. In recent years, the GIAD industrial complex introduced the assembly of small autos and trucks, and some heavy military equipment such as armored personnel carriers and the proposed “Bashir” main battle tank. Although Sudan is reputed to have great mineral resources, exploration has been quite limited, and the country’s real potential is unknown. Small quantities of asbestos, chromium, and mica are exploited commercially. For other uses of this term, see Industry (disambiguation) “Industrial” redirects here. ... Minerals are natural compounds formed through geological processes. ... Fibrous asbestos on muscovite Asbestos Asbestos Asbestos (a misapplication of Latin: asbestos quicklime from Greek : a, not and sbestos, extinguishable) describes any of a group of minerals that can be fibrous, many of which are metamorphic and are hydrous magnesium silicates. ... General Name, Symbol, Number chromium, Cr, 24 Chemical series transition metals Group, Period, Block 6, 4, d Appearance silvery metallic Standard atomic weight 51. ... Rock with mica Mica sheet Mica flakes The mica group of sheet silicate minerals includes several closely related materials having highly perfect basal cleavage. ...


Extensive petroleum exploration began in the mid-1970s and might produce all of Sudan’s needs. Significant finds were made in the Upper Nile region and commercial quantities of oil began to be exported in October 2000, reducing Sudan’s outflow of foreign exchange for imported petroleum products. There are indications of significant potential reserves of oil and natural gas in southern Sudan, the Kordofan region and the Red Sea province. Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Upper Nile Upper Nile (Aali an Nil) is one of the 26 wilayat or states of Sudan. ... Kordofan is a former province of central Sudan. ... Red Sea Coast of Sudan Red Sea (Al Bahr al Ahmar) is one of the 26 wilayat or states of Sudan. ...


On November 3, 1997, the U.S. government imposed a trade embargo against Sudan and a total asset freeze against the Government of Sudan under Executive Order 13067. The U.S. believed the Government of Sudan gave support to international terrorism, destabilized neighboring governments, and permitted human rights violations. [5] A consequence of the embargo is that U.S. corporations cannot invest in the Sudan oil industry, so companies in China, Malaysia and India are the major investors. [6] November 3 is the 307th day of the year (308th in leap years) in the Gregorian calendar, with 58 days remaining. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... ... In international commerce and politics, an embargo is the prohibition of commerce and trade with a certain country. ... An executive order is an edict issued by a member of the executive branch of a government, usually the head of that branch. ...


Sudan is seeking to expand its installed capacity of electrical generation of around 300000 megawatts—of which 180 MW is hydroelectric and the rest, thermal. European investors, considering the continuing U.S. economic, trade, and financial sanctions regime, are the most likely providers of technology for this purpose. More than 70% of Sudan’s hydropower comes from the Roseires Dam on the Blue Nile grid. Various projects are proposed to expand hydropower, thermal generation, and other sources of energy, but so far the government has had difficulty arranging sufficient financing. Itaipu Dam is a hydroelectric generating station Electricity generation is the first process in the delivery of electricity to consumers. ... Hydroelectric dam diagram The waters of Llyn Stwlan, the upper reservoir of the Ffestiniog Pumped-Storage Scheme in north Wales, can just be glimpsed on the right. ... World map showing the location of Europe. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... Map of the Blue Nile (in Spanish) The Blue Nile (Amharic: ዓባይ; transliterated: Ê¿Abbay, but pronounced Abbay; Arabic: النيل الأزرق; transliterated: an-NÄ«l al-Ä€zraq) is a river originating at Lake Tana in Ethiopia. ...


Historically, the U.S., the Netherlands, Italy, Germany, Saudi Arabia, Kuwait, and other Organization of Petroleum Exporting Countries (OPEC) national traditionally have supplied most of Sudan’s economic assistance. Sudan’s role as an economic link between Arab and African countries is reflected by the presence in Khartoum of the Arab Bank for African development. The World Bank had been the largest source of development loans. Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... The Organization of the Petroleum Exporting Countries (OPEC) is made up of Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela; since 1965, its international headquarters have been in Vienna, Austria. ... Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means...


Until the early 1970s Sudan's agricultural output was mostly dedicated to internal consumption. In 1972 the Sudanese government became more pro-Western, and made plans to export food and cash crops. However, commodity prices declined throughout the 1970s causing economic problems for Sudan. At the same time, debt servicing costs, from the money spent mechanizing agriculture, rose. In 1978 the International Monetary Fund (IMF) negotiated a Structural Adjustment Program with the government. This further promoted the mechanized export agriculture sector. This caused great economic problems for the pastoralists of Sudan. In agriculture, a cash crop is a crop which is grown for money. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... This article needs additional references or sources to facilitate its verification. ... Structural adjustment is a term used by the International Monetary Fund for the changes it recommends for developing countries. ...


Sudan will require extraordinary levels of program assistance and debt relief to manage a foreign debt which exceeds US $17 billion as at 2004/2005, more than the country’s entire annual GDP, and one of the world's largest foreign debts. During the late 1970s and 1980s, the IMF, World Bank, and key donors worked closely to promote reforms to counter the effect of inefficient economic policies and practices. By 1984, a combination of factors, including drought, inflation, and confused application of Islamic law, reduced donor disbursements and capital flight led to a serious foreign-exchange crisis and increased shortages of imported inputs and commodities. More significantly, the 1989 revolution caused many donors in Europe, the U.S., and Canada to suspend official development assistance, but not humanitarian aid. Sharia (Arabic شريعة also Sharia, Shariah or Syariah) is traditional Islamic law. ... It has been suggested that this article or section be merged into Aid. ... Humanitarian aid arriving by plane at Rinas Airport in Albania in the summer of 1999. ...


However, as Sudan became the world’s largest debtor to the World Bank and International Monetary Fund by 1993, its relationship with the international financial institutions soured in the mid-1990s and has yet to be fully rehabilitated. The government fell out of compliance with an IMF standby program and accumulated substantial arrearages on repurchase obligations. A 4-year economic reform plan was announced in 1988 but was not pursued. An economic reform plan was announced in 1989 and began implementing a 3-year economic restructuring program designed to reduce the public sector deficit, end subsidies, privatize state enterprises, and encourage new foreign and domestic investment. In 1993, the IMF suspended Sudan’s voting rights and the World Bank suspended Sudan’s right to make withdrawals under effective and fully disbursed loans and credits. Lome Funds and EU agricultural credits, totaling more than one billion Euros, also were suspended.


As a result of oil export earnings around $500 million in 2000–01, Sudan’s current account entered surplus for the first time since independence. In 1993, currency controls were imposed, making it illegal to possess foreign exchange without approval. In 1999, liberalization of foreign exchange markets ameliorated this constraint somewhat. Exports other than oil are largely stagnant. The small industrial sector remains in the doldrums, spending for the war continues to preempt other social investments, and Sudan’s inadequate and declining infrastructure inhibits economic growth.


Sudan is the largest exporter of linen in the north.


Economy — overview:

Sudan is buffeted by civil war, chronic political instability, adverse weather, weak world commodity prices, a drop in remittances from abroad, and counterproductive economic policies. The private sector's main areas of activity are agriculture and trading, with most private industrial investment predating 1980. Agriculture employs 80% of the work force. Industry mainly processes agricultural items. Sluggish economic performance over the past decade, attributable largely to declining annual rainfall, has kept per capita income at low levels. A large foreign debt and huge arrears continue to cause difficulties. In 1990 the IMF took the unusual step of declaring Sudan noncooperative because of its nonpayment of arrears to the Fund. After Sudan backtracked on promised reforms in 1992–93, the IMF threatened to expel Sudan from the Fund. To avoid expulsion, Khartoum agreed to make token payments on its arrears to the Fund, liberalize exchange rates, and reduce subsidies, measures it has partially implemented. The government's continued prosecution of the civil war and its growing international isolation continued to inhibit growth in the nonagricultural sectors of the economy during 1999. The government has worked with foreign partners to develop the oil sector, and the country is producing just over half a million barrels per day (2007, from sudan tribune website). Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... Nickname: Khartoums location in Sudan Coordinates: Government  - Governor Abdul Halim al Mutafi Population (2005)  - Urban Over 1 Million For other uses, see Khartoum (disambiguation). ...


References and links

CIA Factbook


  Results from FactBites:
 
Sudan ECONOMY (312 words)
Sudan's failure to service its international debt, together with a poor human rights record, led, in 1993, to the World Bank suspending financing of 15 development projects, and to the IMF suspending Sudan's voting rights in the organization (they were restored in 2000).
In 2003, the civil war and Sudan's international isolation continued to inhibit growth in the nonagricultural sectors, although progress on the peace process was being made with strong backing from the international community.
Petroleum discoveries in the south-central region of Sudan and their export in 1999 raised hopes of economic salvation; but until the political situation stabilizes, prospects are dim for significant improvement in the economy.
Economy of Sudan - Wikipedia, the free encyclopedia (1225 words)
Sudan is seeking to expand its installed capacity of electrical generation of around 300000 megawatts—of which 180 MW is hydroelectric and the rest, thermal.
Sudan’s role as an economic link between Arab and African countries is reflected by the presence in Khartoum of the Arab Bank for African development.
Sudan is buffeted by civil war, chronic political instability, adverse weather, weak world commodity prices, a drop in remittances from abroad, and counterproductive economic policies.
  More results at FactBites »


 

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