Student name: MHD OMAR
NAKCHBANDI
Student number: 020822131
Country of report: Sudan
Country of report: Sudan
Computer
and Science
technology
Final project
Mhd Omar NAKCHBANDI
Table of Contents
TABLE OF TABLES .................................................................................................... 3
TABLE OF FIGURES ................................................................................................... 3
ECONOMIC DEFINITIONS MEANING .................................................................... 4
What is economic growth? ......................................................................................... 4
What is inflation? ....................................................................................................... 4
What is imports and exports? ..................................................................................... 5
What is exchange rate? ............................................................................................... 5
What is interest rate? .................................................................................................. 6
What is GDP Per Capita? ........................................................................................... 6
What is agricultural land? .......................................................................................... 7
SUDAN`S DESCRIPTIVE STATISTICS .................................................................... 8
REFERENCE LINKS .................................................................................................. 14
TABLE OF TABLES
table 1 GDP PER CAPITA ............................................................................................ 8
table 2 Inflation, consumer prices (annual %) ............................................................... 9
table 3 Imports of goods and services (% of GDP) ..................................................... 10
table 4 Exports of goods and services (% of GDP) ..................................................... 11
table 5 Official exchange rate (LCU per US$, period average) ................................... 12
table 6 Agricultural land (% of land area) ................................................................... 13
TABLE OF FIGURES
figure 1 GDP PER CAPITA .......................................................................................... 8
figure 2 Inflation, consumer prices (annual %) ............................................................. 9
figure 3 Imports of goods and services (% of GDP) .................................................... 10
figure 4 Exports of goods and services (% of GDP) .................................................... 11
figure 5 Official exchange rate (LCU per US$, period average) ................................. 12
figure 6 Agricultural land (% of land area) .................................................................. 13
ECONOMIC DEFINITIONS MEANING
What is economic growth?
Economic growth is an increase in the quantity and quality of the economic goods and
services that a society produces.
Economic growth can be measured in ‘nominal’ or ‘real’ terms. Nominal economic
growth refers to the increase in the dollar value of production over time. This includes
changes in both the volume of production and the prices of goods and services
produced.
What is inflation?
Inflation is the increase in the prices of goods and services in an economy over time.
It could also be thought of as a decrease in the value of your money and purchasing
power.
While a low, steady inflation rate of 2% indicates a healthy economy, high or rapidly
changing inflation can become dangerous.
What is imports and exports?
Imports are the goods and services that are purchased from the rest of the world by a
country’s residents, rather than buying domestically produced items. Imports lead to
an outflow of funds from the country since import transactions involve payments to
sellers residing in another country.
Exports are goods and services that are produced domestically, but then sold to
customers residing in other countries. Exports lead to an inflow of funds to the seller’s
country since export transactions involve selling domestic goods and services to
foreign buyers.
What is exchange rate?
An exchange rate between two currencies is the rate at which one currency can be
exchanged for another. That is, the exchange rate is the price of a country’s currency
in terms of another currency.
What is interest rate?
Interest rates are the price you pay to borrow money, or the payment you receive
when you lend money. Interest rates are generally framed as percentages. Each year
you either pay (if you’re borrowing) or receive (if you’re lending) this percentage of
the total amount of the loan.
What is GDP Per Capita?
A country's GDP or gross domestic product is calculated by taking into account the
monetary worth of a nation's goods and services over a certain period of time, usually
one year. It's a measure of economic activity. This amount of wealth is divided among
the country's population to tell us its GDP per capita.
Essentially, GDP per capita acts as a metric for determining a country's economic
output per each person living there. Often, rich nations with smaller populations tend
to have higher per capita GDP. Once you do the math, the wealth is spread among
fewer people, which raises a country's GDP.
What is agricultural land?
Agricultural land refers to the share of land area that is arable, under permanent crops,
and under permanent pastures. Arable land includes land defined by the FAO as land
under temporary crops (double-cropped areas are counted once), temporary meadows
for mowing or for pasture, land under market or kitchen gardens, and land temporarily
fallow. Land abandoned as a result of shifting cultivation is excluded. Land under
permanent crops is land cultivated with crops that occupy the land for long periods
and need not be replanted after each harvest, such as cocoa, coffee, and rubber. This
category includes land under flowering shrubs, fruit trees, nut trees, and vines, but
excludes land under trees grown for wood or timber. Permanent pasture is land used
for five or more years for forage, including natural and cultivated crops.
SUDAN`S DESCRIPTIVE STATISTICS
table 1 GDP PER CAPITA
GDP per capita (current
US$)
YEARS
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
GDP per capita (current US$)
1461.32
1551.09
1358.53
1683.21
1947.18
1746.03
1781.01
2022.72
2184.54
2583.45
3178.31
773.51
755.33
615.46
764.34
GDP per capita (current US$)
3500,00
3000,00
2500,00
2000,00
1500,00
1000,00
500,00
0,00
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 1 GDP PER CAPITA
table 2 Inflation, consumer prices (annual %)
Inflation, consumer prices (annual
%)
YEARS
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Inflation, consumer prices (annual %)
14.75
14.30
11.26
12.98
18.10
35.56
36.52
36.91
16.91
17.75
32.35
63.29
50.99
150.32
382.82
Inflation, consumer prices (annual %)
450,00
400,00
350,00
300,00
250,00
200,00
150,00
100,00
50,00
0,00
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 2 Inflation, consumer prices (annual %)
table 3 Imports of goods and services (% of GDP)
Imports of goods and services (%
of GDP)
YEARS
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Imports of goods and services (% of GDP)
17.50
17.61
22.58
23.30
13.85
16.05
14.46
0.71
0.77
0.74
0.80
0.68
0.59
0.35
1.88
Imports of goods and services (% of GDP)
25,00
20,00
15,00
10,00
5,00
0,00
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 3 Imports of goods and services (% of GDP)
table 4 Exports of goods and services (% of GDP)
Exports of goods and services (%
of GDP)
YEARS
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Exports of goods and services (% of GDP)
17.12
20.53
21.77
20.35
15.74
12.07
11.69
0.67
0.73
0.71
0.66
0.61
0.63
0.44
2.25
Exports of goods and services (% of GDP)
25,00
20,00
15,00
10,00
5,00
0,00
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 4 Exports of goods and services (% of GDP)
table 5 Official exchange rate (LCU per US$, period average)
Official exchange rate (LCU per US$,
period average)
YEARS Official exchange rate (LCU per US$, period
average)
2007
2.02
2008
2.09
2009
2.30
2010
2.31
2011
2.67
2012
3.57
2013
4.76
2014
5.74
2015
6.03
2016
6.21
2017
6.68
2018
24.33
2019
45.77
2020
54.00
2021
..
Official exchange rate (LCU per US$, period average)
60,00
50,00
40,00
30,00
20,00
10,00
0,00
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 5 Official exchange rate (LCU per US$, period average)
table 6 Agricultural land (% of land area)
Agricultural land (% of land
area)
YEARS
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Agricultural land (% of land area)
..
37.16
37.16
37.16
36.99
36.83
36.67
36.50
36.51
36.51
57.76
57.76
57.77
57.53
57.50
Agricultural land (% of land area)
70
60
50
40
30
20
10
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
figure 6 Agricultural land (% of land area)
REFERENCE LINKS
https://ourworldindata.org/what-is-economic-growth
https://www.rba.gov.au/education/resources/explainers/economic-growth.html
https://www.businessinsider.com/personal-finance/what-is-inflation
https://corporatefinanceinstitute.com/resources/economics/imports-and-exports/
https://www.focus-economics.com/economic-indicator/exchange-rate
https://www.ecnmy.org/learn/your-money/banking-and-finance/what-are-interest-rates/
http://worldbank.org