Economy of Suriname

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.

Economy of Suriname
CurrencySurinamese guilder (SRG)
Calendar year
Trade organisations
WTO, CARICOM, Unasur, Mercosur (associate)
Statistics
GDP
  • $3.470 billion (nominal, 2023 est.)
  • $11.508 billion (PPP, 2023 est.)
GDP growth
  • -15.9% (2020e) -2.7% (2021e)
  • 1.3% (2022e) 2.3% (2023e)
GDP per capita
  • $5,557 (nominal, 2023 est.)
  • $18,427 (PPP, 2023 est.)
GDP by sector
agriculture: 10.4%; industry: 36.6%; services: 52.9% (2012 est.)
22 % (2020)
Population below poverty line
70% (2002 est.)
  • 0.724 high (2018) (98th)
  • 0.557 IHDI (2018)
Labour force
220,600 (2020)
Labour force by occupation
agriculture: 8%; industry: 14%; services: 78% (2004)
Unemployment7.47% (2020)
Main industries
bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing
External
Exports$2.51 billion (2018)
Export goods
Gold, alumina, Wood, crude oil, lumber, shrimp and fish, rice, bananas
Main export partners
  •  Switzerland: 40.6%
  •  Hong Kong: 17.6%
  •  United Arab Emirates: 13.8%
  •  Belgium: 8.51%
  •  Guyana: 4.63%
  •  United States: 2.82%
  •  China: 2.38%
  •  India: 1.79%
  •  Netherlands: 1.5%
  •  Singapore: 1.09%
  • Others: 48.73%
  • (2018)
Imports$1.84 billion (2018)
Import goods
capital equipment, petroleum, foodstuffs, cotton, consumer goods
Main import partners
  •  China: 14.1%
  •  Germany: 8.19%
  •  United States: 7.84%
  •  Japan: 3.88%
  •  South Korea: 3.35%
  •  France: 3.06%
  •  Netherlands: 2.99%
  •  Italy: 2.94%
  •  United Kingdom: 2.52%
  •  Mexico: 2.4%
  • Others: 48.73%
  • (2018)
$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
Moody's:
Caa2
Outlook: Stable
Fitch:
CCC
Outlook: Highly Vulnerable
$647.3 million (2019)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.