Results for Category: Economy
Gross domestic product (GDP) in 2015 was $43 billion, compared with $47.6 billion in 2014 and $46.2 billion in 2013. The International Monetary Fund (IMF) predicts that GDP in 2017 will grow by 2.8 per cent, compared with 1.5 per cent in 2016 and 0.8 per cent in 2015. GDP per capita in 2015 was $3,923. Inflation in 2017 is expected to be 3.9 per cent, compared with 3.7 per cent in 2016 and 4.9 per cent in 2015.
Sudan is a poor country, despite its potential resources. Sudan’s economy is basically agricultural, with inadequate infrastructure and ridden by civil wars and social and ethnic conflict. The government is attempting to develop non-petroleum sources of revenues, such as gold mining, while carrying out an austerity programme to reduce expenditures.