Economy of Suriname
Population: 0.58 M (2018)
GDP per Capita: 6,234 USD (2018)
3,590 M.

GDP USD

(2018)

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2,300 M.

EXPORTS USD

(2010)

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1,680 M.

IMPORTS USD

(2010)

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81.43 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.90 % (2018)
GDP of 2010 USD USD 4.60 B. (2018)
GDP Current USD USD 3.59 B. (2018)
GDP per Capita Current USD USD 6,234 (2018)
GDP per capita, PPP USD 13,763 (2018)
GDP per Capita, 2010 USD USD 8,041 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.32 % (2010)
Government Spending USD 0.58 B. (2010)
Government Debt % GDP 81.43 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 133.85 (2018)
Trade Openness 90.96 % (2010)
Exports of Goods and Services % GDP 52.55 % (2010)
Exports Goods & Services USD 2.30 B. (2010)
Exports Annual Growth Suriname
Imports as % GDP 38.41 % (2010)
Total Imports USD 1.68 B. (2010)
Foreign Direct Investment % GDP 3.65 % (2018)
Foreign Direct Investment USD 0.20 B. (2018)
Current Account Balance % GDP USD -3.29 % (2018)
Current Account Balance USD -0.12 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 0.17 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.58 B. (2018)
Remittances % GDP 0.01 % (2018)
Remittances USD 1 M. (2018)
Balance of Payments USD 180 M. (2007)

Labor Market

Indicator Value
Labor Force 0.22 M. (2019)
Unemployment Rate 7.41 % (2019)
Unemployment Rate Females 11.92 % (2019)
Unemployment Rate Males 4.51 % (2019)
Youth Unemployment (ages 15-24) 16.06 % (2019)
Labor Force Participation Rate 51.56 % (2019)
Labor Force (Percent Female) 38.16 % (2019)
Female Labor Force Participation Rate 39.33 % (2019)
Male Labor Force Participation Rate 63.97 % (2019)
Dependent People 51.69 % (2018)

Agriculture Sector

Indicator Value
Forest Area 98.30 % (2016)
Forest Area km² 153,282 km² (2016)
Agricultural Land 0.56 % (2016)
Agricultural Land km² 870 km² (2016)
Employment 6.95 % (2019)
Value added % GDP 9.00 % (2018)
Agriculture Value added USD 0.32 B. (2018)
Crop Production Index 153.00 (2016)
Precipitation 2,331 mm (2014)
Arable Land 0 % (2016)
Cereal Yield 4,464 kg/hectare (2017)
Food production index 157 (2016)
Rural Population 34 % (2018)
Fertilizer use of Arable Land 218 kg/hectare (2016)
Livestock Production Index 125 (2016)
Economy of Suriname

According to the World Bank and its latest published data, the economy of the Suriname presents a growth rate of 1.90 % (2018) to the previous year.

With a population that reaches 0.58 M (2018) and a gross domestic product of USD 3.59 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,234 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Suriname also has a workforce of 0.22 M. (2019) with an unemployment rate of 7.41 % (2019), where women represent 11.92 % (2019) and men 4.51 % (2019), the unemployment rate for young people between 15-24 years old stood at 16.06 % (2019). The total number of dependent people stands at 51.69 % (2018).

The central government spent 13.32 % (2010) of its gross domestic product that year, which in absolute terms is USD 0.58 B. (2010). Its consolidated public debt reached 81.43 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Suriname exported USD 2.30 B. (2010), which represents 52.55 % (2010) of its gross domestic product, in that same sense its imports reached USD 1.68 B. (2010) with a direct foreign investment of USD 0.20 B. (2018).

Suriname has a forest area of 153,282 km² (2016), which represents 98.30 % (2016) of its total area, an average rainfall of 2,331 mm (2014) per year and a population of 34 % (2018) living in rural areas. With a total area of 870 km² (2016) available for agriculture and 6.95 % (2019) of its employments, the agricultural sector contributes to the economy of the Suriname about USD 0.32 B. (2018) (9.00 % (2018) of its GDP).