Sudan+Economics

Sudan's Economy Sudan is an extremely poor country because of their civil wars and extreme social conflict. When South Sudan became its' own country much of the oil production went with it. This meant that Sudan lost three-fourths of the total oil production that the country once had. Sudan now struggles greatly because oil earnings now provide a very small share of the country's need for budget revenues and hard currency. Agricultural production employs 80% of the work force and contributes a third of the GDP. The new currency of Japan, Sudanese pound, but since the split from South Sudan the value of the currency has definitely fallen. Rising inflation rates have lead to many protests which result in more conflicts that Sudan cannot afford to have. The ongoing conflicts ensure that much of the population will remain at or below the poverty line for quite some time.
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Gross Domestic Product (GDP) official exchange rate: $63.3 billion (2011) GDP real growth rate: -0.2% (2011) 2.8 Sudanese pounds=1 US dollar

__Labor Force__ 11.92 million (2007) Agriculture: 80% Industry: 7% Services: 13% The unemployment in 2002 was estimated to be 18.7%. In 2004 it was estimated that 40% of the population was below poverty line. __Exports__: $7.705 billion (2011) Oil and petroleum products, cotton, sesame, livestock, groundnuts, gum arabic, and sugar. __Imports__: $8.427 billion (2011) Foodstuffs, manufactured goods, refinery and transport equipment, medicines and chemicals, textiles, and wheat.


 * China is Sudan's biggest partner in both imports and exports.

__The major agriculture products that come from Sudan:__ Cotton, groundnuts (peanuts), sorghum, millet, wheat, gum arabic, sugarcane, cassava (tapioca), mangoes, papaya, bananas, sweet potatoes, sesame, sheep, and other livestock.

Information gathered from: https://www.cia.gov/library/publications/the-world-factbook/geos/su.html **© 2012 Bethann Seul - Revised April 25th, 2012 ** **Email: easeul@ilstu.edu ** **Ph: 888-345-1234 **