10 Surprising Facts About The GDP of Sudan: A Comprehensive Guide

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GDP of Sudan

10 Surprising Facts About The GDP of Sudan: A Comprehensive Guide

  1. Sudan has the third-largest economy in Africa. Despite being a relatively small country, Sudan’s economy is larger than many other African nations, with a GDP of approximately $136 billion.

  2. Agriculture is the largest sector of the Sudanese economy, accounting for nearly one-third of its GDP. Sudan is known for producing cotton, sesame, and peanuts, among other crops.

  3. Sudan is home to some of the largest oil reserves in Africa, and oil exports account for a significant portion of its GDP. However, the country has struggled to fully capitalize on this resource due to political instability and international sanctions.

  4. Despite being a primarily agricultural economy, Sudan has made significant progress in developing its mining sector. Gold, iron ore, and other minerals are increasingly being extracted and exported, boosting the country’s GDP.

  5. Sudan’s GDP per capita is relatively low, at around $3,200. This is due in part to its large population of over 43 million people.

  6. Sudan’s economy has been impacted by political instability, including the secession of South Sudan in 2011. The loss of oil reserves and other resources to the newly-formed country has been a major blow to Sudan’s economy.

  7. Sudan has a relatively high inflation rate, with prices increasing by around 375% between 2018 and 2020. This has made it difficult for many Sudanese people to afford basic necessities.

  8. The Sudanese government has implemented economic reforms in recent years in an effort to stabilize the economy and attract foreign investment. These reforms include reducing subsidies on fuel and other goods, as well as increasing taxes.

  9. Despite these reforms, Sudan still faces significant economic challenges. Poverty and unemployment remain high, and the country is heavily reliant on foreign aid to support its population.

  10. Sudan’s economy has the potential for significant growth and development, but this will require continued political stability and investment in key sectors such as agriculture and mining.

The GDP of Sudan: An Overview

Sudan is a country located in Northeast Africa, with a population of approximately 43 million people.

The country has a rich history and culture, and it is known for its vast and diverse natural resources.

One of the most important indicators of the economic well-being of a country is its Gross Domestic Product (GDP). We will explore the GDP of Sudan, including its size, composition, and recent trends.

What is GDP?

Before we dive into the specifics of the GDP of Sudan, it is important to understand what GDP is and why it is an important economic indicator.

GDP stands for Gross Domestic Product, and it is the total value of all goods and services produced within a country’s borders over a specific period of time, usually a year.

GDP is often used as a measure of a country’s economic output and is considered to be one of the most important indicators of a country’s economic health.

The Size of Sudan’s GDP

According to the World Bank, Sudan’s GDP was approximately $66.09 billion in 2019. This is a significant increase from the country’s GDP of $22.47 billion in 2009.

The growth in Sudan’s GDP can be attributed to several factors, including increased investment in the country’s natural resources, improved infrastructure, and a growing services sector.

The Composition of Sudan’s GDP

The composition of a country’s GDP is an important indicator of its economic structure. In Sudan, the largest sector of the economy is agriculture, which accounts for approximately 32% of the country’s GDP.

The industrial sector, which includes manufacturing, mining, and construction, accounts for approximately 27% of the country’s GDP.

Finally, the services sector, which includes finance, transportation, and communications, accounts for approximately 41% of the country’s GDP.

Recent Trends in Sudan’s GDP

In recent years, Sudan’s economy has faced several challenges, including high inflation, a shortage of foreign currency, and a decline in oil production.

As a result, the country’s GDP growth has slowed, and in 2020, Sudan’s GDP was estimated to be $49.92 billion.

However, the country’s economy is expected to recover in the coming years, with the IMF projecting GDP growth of 2.6% in 2021 and 3.0% in 2022.

The Impact of COVID-19 on Sudan’s GDP

Like many countries around the world, Sudan has been impacted by the COVID-19 pandemic.

The pandemic has had a significant impact on the country’s economy, with a decline in global demand for Sudan’s exports, a decline in remittances, and a decline in tourism.

As a result, Sudan’s GDP is estimated to have contracted by 1.6% in 2020.

The Importance of Improving Sudan’s GDP

Improving Sudan’s GDP is important for several reasons. Firstly, a higher GDP can lead to higher levels of economic growth and development, which can in turn lead to higher levels of employment and a higher standard of living for the country’s citizens.

Additionally, a higher GDP can make it easier for the government to invest in social programs, such as education and healthcare.

 GDP of Sudan

GDP nominal (2017) GDP growth rate (2017)

$117,487,857,143

4.28%
  • Nominal (current) Gross Domestic Product (GDP) of Sudan is $117,487,857,143 (USD) as of 2017.
  • Real GDP (constant, inflation adjusted) of Sudan reached $79,411,016,248 in 2017.
  • GDP Growth Rate in 2017 was 4.28%, representing a change of 3,261,536,295 US$ over 2016, when Real GDP was $76,149,479,953.
  • Sudanese GDP per capita in Sudan (with a population of 40,813,397 people) was $1,946 in 2017, an increase of $35 from $1,911 in 2016; this represents a change of 1.8% in GDP per capita.

GDP of Sudan

Gross Domestic Product (GDP) of Sudan

Year GDP Nominal
(Current USD)		 GDP Real
(Inflation adj.)		 GDP
change		 GDP per capita Pop.
change		 Population
2017 $117,487,857,143 $79,411,016,248 4.28% $1,946 2.42 % 40,813,397
2016 $95,584,380,032 $76,149,479,953 4.70% $1,911 2.43 % 39,847,439
2015 $97,156,119,150 $72,731,117,404 4.91% $1,870 2.44 % 38,902,950
2014 $82,151,588,419 $69,329,767,682 2.68% $1,826 2.44 % 37,977,655
2013 $72,065,940,086 $67,520,612,417 4.39% $1,821 2.43 % 37,072,550
2012 $68,125,631,150 $64,678,192,683 0.52% $1,787 2.39 % 36,193,783
2011 $67,327,289,320 $64,342,607,849 -1.97% $1,820 2.33 % 35,349,681
2010 $65,634,109,237 $65,634,109,237 3.47% $1,900 2.25 % 34,545,013
2009 $53,150,209,168 $63,433,392,297 3.24% $1,878 2.19 % 33,783,788
2008 $54,526,580,232 $61,441,550,872 7.80% $1,858 2.16 % 33,060,837
2007 $45,898,948,564 $56,994,834,761 11.52% $1,761 2.21 % 32,360,621
2006 $35,822,408,612 $51,106,401,195 10.06% $1,614 2.30 % 31,661,823
2005 $26,524,538,566 $46,433,219,017 7.49% $1,500 2.43 % 30,949,516
2004 $21,457,470,203 $43,197,815,736 3.88% $1,430 2.56 % 30,214,193
2003 $17,646,503,525 $41,583,019,315 7.73% $1,411 2.63 % 29,460,519
2002 $14,803,189,093 $38,597,648,770 6.43% $1,345 2.62 % 28,704,778
2001 $13,182,979,784 $36,266,689,313 6.50% $1,297 2.55 % 27,971,082
2000 $12,257,418,326 $34,053,114,158 6.35% $1,249 2.44 % 27,275,015
1999 $10,682,045,258 $32,021,097,644 3.10% $1,203 2.35 % 26,626,520
1998 $11,250,327,988 $31,057,056,883 4.31% $1,194 2.37 % 26,015,521
1997 $11,681,494,637 $29,774,232,839 10.57% $1,172 2.55 % 25,413,917
1996 $9,018,243,044 $26,928,743,520 5.92% $1,087 2.85 % 24,782,383
1995 $13,829,744,879 $25,423,872,772 6.00% $1,055 3.24 % 24,094,747
1994 $12,794,192,334 $23,985,443,577 1.01% $1,028 3.60 % 23,338,464

4 FAQs About the GDP of  Sudan 

  1. What is the size of Sudan’s GDP?

Sudan’s GDP was approximately $66.09 billion in 2019, according to the World Bank.

  1. What is the composition of Sudan’s GDP?

The largest sector of Sudan’s economy is agriculture, accounting for approximately 32% of the country’s GDP.

The industrial sector accounts for approximately 27% of the GDP, while the services sector accounts for approximately 41%.

  1. What are recent trends in Sudan’s GDP?

Sudan’s GDP growth has slowed in recent years due to several challenges, including high inflation, a shortage of foreign currency, and a decline in oil production.

However, the country’s economy is expected to recover in the coming years, with the IMF projecting GDP growth of 2.6% in 2021 and 3.0% in 2022.

  1. How has COVID-19 impacted Sudan’s GDP?

The COVID-19 pandemic has had a significant impact on Sudan’s economy, leading to a decline in global demand for exports, remittances, and tourism. As a result, Sudan’s GDP is estimated to have contracted by 1.6% in 2020.

See also

Sources:

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