| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Suriname Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Suriname Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 28, 2014

Economy - overview:
The economy is dominated by the mining industry, with exports of alumina, gold, and oil accounting for about 85% of exports and 25% of government revenues, making the economy highly vulnerable to mineral price volatility. Economic growth, which reached about 7% in 2008, owing to sizeable foreign investment in mining and oil, slowed to 2.2% in 2009 as investment waned and the country earned less from its commodity exports when global prices for most commodities fell. Trade picked up, boosting Suriname's economic growth about 4% per year in 2010-12, but the government's budget remained strained. Inflation rose from 1.3% in 2009 to 17.7% in 2011. In January 2011, the government devalued the currency by 20% and raised taxes to reduce the budget deficit. As a result of these measures, inflation receded to 6% in 2012. Suriname''s economic prospects for the medium term will depend on continued commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition.

GDP (purchasing power parity):
$6.709 billion (2012 est.)
country comparison to the world: 162

$6.404 billion (2011 est.)
$6.117 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$4.691 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.8% (2012 est.)
country comparison to the world: 74

4.7% (2011 est.)
4.1% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$12,300 (2012 est.)
country comparison to the world: 103

$11,900 (2011 est.)
$11,500 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 84.6%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 12.6%
investment in fixed capital: 6.3%
investment in inventories: -19.8%
exports of goods and services: 58.6%
imports of goods and services: -62.1%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 9.2%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 36.4%
services: 54.4% (2012 est.)

Agriculture - products:
rice, bananas, palm kernels, coconuts, plantains, peanuts; beef, chickens; shrimp; forest products

Industries:
bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing

Industrial production growth rate:
2% (2012 est.)
country comparison to the world: 104
[see also: Industrial production growth rate country ranks ]

Labor force:
165,600 (2007)
country comparison to the world: 176
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 8%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 14%
services: 78% (2004)

Unemployment rate:
9% (2008)
country comparison to the world: 102

12.1% (2006)
[see also: Unemployment rate country ranks ]

Population below poverty line:
70% (2002 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $826.6 million
[see also: Budget revenues country ranks ]
expenditures: $939.7 million (2010 est.)

Taxes and other revenues:
17.6% of GDP (2010 est.)
country comparison to the world: 180
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.4% of GDP (2010 est.)
country comparison to the world: 97
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
5% (2012 est.)
country comparison to the world: 144

17.7% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
11.73% (31 December 2012 est.)
country comparison to the world: 68

11.75% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.132 billion (31 December 2012 est.)
country comparison to the world: 146

$1.075 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$2.3 billion (31 December 2012 est.)
country comparison to the world: 148

$2.033 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.275 billion (31 December 2012 est.)
country comparison to the world: 145

$1.026 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$241.4 million (2012 est.)
country comparison to the world: 50

$251.1 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$2.564 billion (2012 est.)
country comparison to the world: 137

$2.467 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas

Exports - partners:
US 25.7%, Belgium 17.4%, UAE 11.5%, Canada 10.3%, Guyana 5.8%, France 5.5%, Barbados 4.2% (2012)

Imports:
$1.761 billion (2012 est.)
country comparison to the world: 167

$1.679 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
capital equipment, petroleum, foodstuffs, cotton, consumer goods

Imports - partners:
US 26%, Netherlands 16%, China 9.9%, UAE 8.1%, Antigua and Barbuda 6.7%, Netherlands Antilles 4.9%, Japan 4.3% (2012)

Reserves of foreign exchange and gold:
$1.008 billion (31 December 2012 est.)
country comparison to the world: 133

$816.9 million (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$810.8 million (31 December 2012 est.)
country comparison to the world: 165

$700.9 million (31 December 2011 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Surinamese dollars (SRD) per US dollar -

3.3 (2012 est.)
3.2683 (2011 est.)
2.7454 (2010 est.)
2.745 (2009)
2.745 (2008)


NOTE: 1) The information regarding Suriname on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Suriname Economy 2014 information contained here. All suggestions for corrections of any errors about Suriname Economy 2014 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 06-Nov-14
Copyright © 1995- , ITA (all rights reserved).

    . Feedback