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Finance of Sudan

The minimum monthly wage in Sudan is 70 USD. Sudan has a government debt of 89.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Sudan is 25%. The currency of Sudan is Sudanese pound. The plural form of the word Sudanese pound is pounds. The symbol used for this currency is ج.س., and it is abbreviated as SDG. The Sudanese pound is divided into piastre; there are 100 in one pound. Each year, consumers spend around $37,732 million. The ratio of consumer spending to GDP in Sudan is 0.07%, and the ratio of consumer spending to the world consumer market is 10.88%. The corporate tax in Sudan is set at 15%. Personal income tax ranges from 15% to 20%, depending on your specific situation and income level. VAT in Sudan is 15%. In 2013, Sudan received 983.2 million USD in foreign aid.In 2014, the foreign aid amounted to 1123.5 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Sudan is $160,189 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Sudan was last recorded at $3,858,904. PPP in Sudan is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Sudan is 54,595 billion. Based on this statistic, Sudan is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Sudan was last recorded at $1,315,177. The average citizen in Sudan has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Sudan averaged 3% in 2014. According to this percentage, Sudan is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.