Flag description:
three equal horizontal bands of red (top), white, and black with a
green isosceles triangle based on the hoist side
Economy Sudan
Economy - overview:
Sudan has turned around a struggling economy with sound economic
policies and infrastructure investments, but it still faces
formidable economic problems, starting from its low level of per
capita output. From 1997 to date, Sudan has been implementing IMF
macroeconomic reforms. In 1999, Sudan began exporting crude oil and
in the last quarter of 1999 recorded its first trade surplus, which,
along with monetary policy, has stabilized the exchange rate.
Increased oil production, revived light industry, and expanded
export processing zones helped sustain GDP growth at 8.6% in 2004.
Agricultural production remains Sudan's most important sector,
employing 80% of the work force, contributing 39% of GDP, and
accounting for most of GDP growth, but most farms remain rain-fed
and susceptible to drought. Chronic instability - resulting from the
long-standing civil war between the Muslim north and the
Christian/pagan south, adverse weather, and weak world agricultural
prices - ensure that much of the population will remain at or below
the poverty line for years.
GDP (purchasing power parity):
$85.89 billion (2005 est.)
GDP (official exchange rate):
$22.75 billion (2005 est.)
GDP - real growth rate:
8% (2005 est.)
GDP - per capita (PPP):
$2,100 (2005 est.)
GDP - composition by sector: agriculture: 38.7% industry: 20.3% services: 41% (2003 est.)
Labor force: 7.415 million (1996 est.)
Labor force - by occupation: agriculture: 80% industry: 7% services: 13% (1998 est.)