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Sudan Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Sudan including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Sudan, officially the Republic of the Sudan is an Arab state in the Nile Valley of North Africa, bordered by Egypt to the north, the Red Sea, Eritrea and Ethiopia to the east, South Sudan to the south, the Central African Republic to the southwest, Chad to the west and Libya to the northwest. The Nile River divides the country into eastern and western halves. Its predominant religion is Islam. Sudan is a member of the United Nations, the African Union, the Arab League, the Organization of Islamic Cooperation, and the Non-Aligned Movement, as well as an observer in the World Trade Organization.
Sudan is estimated to have population of 47.895 million in the year 2023 and expected to reach 53.074 million by 2027, increasing at a CAGR of 2.60%.
Sudan’s real gross domestic product (GDP) was SDG 20.932 billion in 2020 and while recovering from the COVID-19 impact it increased by 0.49% to be around USD 21.039 billion in 2021. It is further expected to increase by 4.49% and reach SDG 27.382 billion by 2027.
Sudan’s unemployment rate was estimated at 30.606% of total labor force in 2022. It is expected to decrease by 7.87% and reach 20.313% by 2027.
Sudan’s per capita GDP was estimated at USD 916.033 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 4,449.591 for the year 2022.
In 2022, Sudan government’s revenue was SDG 2,969.77 billion whereas the expenditure was SDG 3692.417 billion. This resulted in Sudan government’s net lending / borrowing negative at SDG 722.647 billion in 2022 indicating that not enough financial resources were made available by the Sudan government to boost economic growth.
The current account balance for Sudan was estimated to be negative at USD 2.754 billion for the year 2022 and is expected to further decrease at a CAGR of 11.61% and reach negative USD 4.769 billion by 2027. This negative current account balance indicates that Sudan will remain a net borrower from the rest of the world till 2027.
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