|
|
Advertisements:
EconomyEconomy - 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 in 2010 to 4.4%, but the government's budget remained strained, with increased social spending during the election. Inflation rose from 1.3% in 2009 to 6.9% in 2010. In January 2011, the government devalued the currency by 20% and raised taxes to reduce the budget deficit. 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) World Ranking: 165
$5.125 billion (2011 est.)
$4.904 billion (2010 est.) $4.692 billion (2009 est.) Note Data are in 2011 US dollars Gdp (official exchange rate)
$3.79 billion (2011 est.)
Gdp - real growth rate World Ranking: 82
4.5% (2011 est.)
4.5% (2010 est.) 3.5% (2009 est.) Gdp - per capita (ppp) World Ranking: 113
$9,600 (2011 est.)
$9,300 (2010 est.) $9,000 (2009 est.) Note Data are in 2011 US dollars Gdp - composition by sector
Agriculture 10.8%
Industry 24.4% Services 64.8% (2005 est.) Labor force World Ranking: 177
165,600 (2007)
Labor force - by occupation
Agriculture 8%
Industry 14% Services 78% (2004) Unemployment rate World Ranking: 104
9% (2008)
12.1% (2006) Population below poverty line
70% (2002 est.)
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $826.6 million
Expenditures $939.7 million (2010 est.) Taxes and other revenues World Ranking: 147
21.8% of GDP (2010 est.)
Budget surplus (+) or deficit (-) World Ranking: 97
-3% of GDP (2010 est.)
Inflation rate (consumer prices) World Ranking: 215
19.5% (2011 est.)
6.9% (2010 est.) Commercial bank prime lending rate World Ranking: 71
11.76% (31 December 2011 est.)
11.55% (31 December 2010 est.) Stock of narrow money World Ranking: 146
$1.068 billion (31 December 2011 est.) $716.2 million (31 December 2010 est.) Stock of broad money World Ranking: 148
$2.026 billion (31 December 2011 est.) $2.002 billion (31 December 2010 est.) Stock of domestic credit World Ranking: 153
$1.138 billion (31 December 2011 est.) $983.6 million (31 December 2010 est.) Market value of publicly traded shares
$NA
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 World Ranking: 50
6.5% (1994 est.)
Electricity - production World Ranking: 138
1.58 billion kWh (2008 est.)
Electricity - consumption World Ranking: 143
1.44 billion kWh (2008 est.)
Electricity - exports
0 kWh (2009 est.)
Electricity - imports
0 kWh (2009 est.)
Oil - production World Ranking: 80
14,460 bbl/day (2010 est.)
Oil - consumption World Ranking: 141
15,000 bbl/day (2010 est.)
Oil - exports World Ranking: 106
3,058 bbl/day (2009 est.)
Oil - imports World Ranking: 151
5,668 bbl/day (2009 est.)
Oil - proved reserves World Ranking: 75
78.9 million bbl (1 January 2011 est.) Natural gas - production World Ranking: 130
0 cu m (2009 est.)
Natural gas - consumption World Ranking: 134
0 cu m (2009 est.)
Natural gas - exports World Ranking: 185
0 cu m (2009 est.)
Natural gas - imports World Ranking: 130
0 cu m (2009 est.)
Natural gas - proved reserves World Ranking: 131
0 cu m (1 January 2011 est.)
Current account balance World Ranking: 47
$389.5 million (2011 est.)
$304.4 million (2010 est.) Exports World Ranking: 147
$1.583 billion (2011 est.)
$1.477 billion (2010 est.) Exports - commodities
Alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas Exports - partners
US 24.1%, Canada 19.5%, Belgium 17.2%, UAE 8.9%, Norway 6.2%, Guyana 4.8%, France 4.1% (2011) Imports World Ranking: 170
$1.434 billion (2011 est.)
$1.334 billion (2010 est.) Imports - commodities
Capital equipment, petroleum, foodstuffs, cotton, consumer goods Imports - partners
US 26.2%, Netherlands 15.7%, UAE 8.6%, China 8.2%, Antigua and Barbuda 7.4%, Netherlands Antilles 5.5%, Brazil 4.4%, Japan 4.1% (2011) Reserves of foreign exchange and gold World Ranking: 151
$263.3 million (2006)
Debt - external World Ranking: 169
$504.3 million (2005 est.)
Exchange rates
Surinamese dollars (SRD) per US dollar - 3.268 (2011 est.)2.7454 (2010 est.) 2.745 (2009) 2.745 (2008) 2.745 (2007) Fiscal year
Calendar year
Comments
Add a new comment: |
Advertisement
Members area
Suriname (Paramaribo):
 
GPS points from Suriname (Paramaribo)
|
||||||||
First explored by the Spaniards in the 16th century and then settled by the English in the mid-17th century, Suriname became a Dutch colony in 1667. With the abolition of slavery in 1863, workers were brought in from India and Java. Independence from the Netherlands was granted in 1975. Five years later the civilian government was replaced by a military regime that soon declared a socialist republic. It continued to exert control through a succession of nominally civilian administrations until 1987, when international pressure finally forced a democratic election. In 1990, the military overthrew the civilian leadership, but a democratically elected government - a four-party coalition - returned to power in 1991. The coalition expanded to eight parties in 2005 and ruled until August 2010, when voters returned former military leader Desire BOUTERSE and his opposition coalition to power.