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Economy of Suriname information


Economy of Suriname
CurrencySurinamese guilder (SRG)
Fiscal year
Calendar year
Trade organisations
WTO, CARICOM, Unasur, Mercosur (associate)
Statistics
GDP
  • Increase $3.470 billion (nominal, 2023 est.)[1]
  • Increase $11.508 billion (PPP, 2023 est.)[1]
GDP growth
  • -15.9% (2020e) -2.7% (2021e)
  • 1.3% (2022e) 2.3% (2023e)[1]
GDP per capita
  • Increase $5,557 (nominal, 2023 est.)[1]
  • Increase $18,427 (PPP, 2023 est.)[1]
GDP by sector
agriculture: 10.4%; industry: 36.6%; services: 52.9% (2012 est.)
Inflation (CPI)
22 % (2020) [2]
Population below poverty line
70% (2002 est.)
Human Development Index
  • Increase 0.724 high (2018)[3] (98th)
  • 0.557 IHDI (2018)[4]
Labour force
220,600 (2020) [5]
Labour force by occupation
agriculture: 8%; industry: 14%; services: 78% (2004)
Unemployment7.47% (2020) [6]
Main industries
bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing
External
ExportsIncrease$2.51 billion (2018)
Export goods
Gold, alumina, Wood, crude oil, lumber, shrimp and fish, rice, bananas
Main export partners
  • Economy of Suriname Switzerland: 40.6%
  • Economy of Suriname Hong Kong: 17.6%
  • Economy of Suriname United Arab Emirates: 13.8%
  • Economy of Suriname Belgium: 8.51%
  • Economy of Suriname Guyana: 4.63%
  • Economy of Suriname United States: 2.82%
  • Economy of Suriname China: 2.38%
  • Economy of Suriname India: 1.79%
  • Economy of Suriname Netherlands: 1.5%
  • Economy of Suriname Singapore: 1.09%
  • Others: 48.73%
  • (2018)[7]
ImportsIncrease$1.84 billion (2018)
Import goods
capital equipment, petroleum, foodstuffs, cotton, consumer goods
Main import partners
  • Economy of Suriname China: 14.1%
  • Economy of Suriname Germany: 8.19%
  • Economy of Suriname United States: 7.84%
  • Economy of Suriname Japan: 3.88%
  • Economy of Suriname South Korea: 3.35%
  • Economy of Suriname France: 3.06%
  • Economy of Suriname Netherlands: 2.99%
  • Economy of Suriname Italy: 2.94%
  • Economy of Suriname United Kingdom: 2.52%
  • Economy of Suriname Mexico: 2.4%
  • Others: 48.73%
  • (2018)[8]
Gross external debt
$504.3 million (2005 est.)
Public finances
Revenues$826.6 million (2010 est.)
Expenses$939.7 million (2010 est.)
Economic aidNetherlands provided $37 million for project and program assistance, European Development Fund $4 million, Belgium $2 million (2003)
Credit rating
Standard & Poor's:CCC
Outlook: Stable[9]
Moody's:[9]
Caa2
Outlook: Stable
Fitch:[9]
CCC
Outlook: Highly Vulnerable
Foreign reserves
$647.3 million (2019) [10]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However, after the departure of Alcoa, the economy depended on the exports of crude oil and gold. Suriname was ranked the 124th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.[11]

  1. ^ a b c d e "World Economic Outlook Database, April 2023". IMF.org. International Monetary Fund. Retrieved 26 May 2023.
  2. ^ "SRD - Surinamese Dollar". Xe.currency. Retrieved 11 December 2020.
  3. ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  4. ^ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  5. ^ "Suriname: Labor force". theglobaleconomy. Retrieved 11 December 2020.
  6. ^ "Suriname: Unemployment rate". theglobaleconomy. Retrieved 11 December 2020.
  7. ^ "Where does Suriname export to? (2018)".
  8. ^ "Where does Suriname import from? (2018)".
  9. ^ a b c Rogers, Simon; Sedghi, Ami (15 April 2011). "How Fitch, Moody's and S&P rate each country's credit rating". The Guardian. Retrieved 28 May 2011.
  10. ^ "Total reserves". World bank. Retrieved 11 Dec 2020.
  11. ^ "Euromoney Country Risk". Euromoney Institutional Investor PLC. Retrieved 15 August 2011.

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