Economy of Sudan

Common card · No. 438141

Sudan has a developing economy largely based on agriculture and oil exports, with additional revenue coming from mining and manufacturing. GDP growth registered more than 10% per year in 2006 and 2007. Sudan had $30.873 billion by gross domestic product (GDP) as of 2019, and has been working with the International Monetary Fund (IMF) to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999. Agricultural production remains important, because it employs 80% of the work force and contributes a third of the GDP. The War in Darfur, the aftermath of two decades of war in the Second Sudanese Civil War (1983–2005) in the south, the lack of basic infrastructure in large areas, and a reliance by much of the population on subsistence agriculture ensure much of the population will remain at or below the poverty line for years. The problem remains, despite rapid rises in average per capita income. In January 2007...

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