Suriname


Suriname Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Suriname; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Suriname
International Reserves US$ 816.879 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 4.283 billion (2009 estimate)
GDP (Purchasing Power Parity) 5.377 billion of International dollars (2009 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.5% 2.8% 6.3% 8.5% 4.4% 3.8% 5.2% 4.1%
2009 2010 2011 2012*
3.5% 4.5% 4.5% 4.9%

*Estimate

GDP per capita - current prices US$ 7,927 (2007 estimate)
GDP per capita - PPP $9,954 International Dollars (2007 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.01% 0.01% 0.01% 0.01% 0.01%

**Forecast

GDP - composition by sector
  • agriculture: 10.8% 
  • industry: 24.4% 
  • services: 64.8% (2005 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.1%(2008) 6.9% 17.7% 6.3%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
17.9% 18.5% 22% 20.6% 19.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
1.8% -3% -3.7% -0.1% -0.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB-

Moody's rating: Ba3

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Suriname N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -555 million (2008 estimate)(After 2008)
Current account balance by percentage of GDP -13% of GDP (2008 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export 0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2011)(2007)

(Data were released in 2012)

Total exports US$2.927 billion (2012 estimate) 
Export commodities alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas
Total imports US$1.838 billion (2012 estimate) 
Import commodities capital equipment, petroleum, foodstuffs, cotton, consumer goods
Exports - major partners US 24.1%, Canada 19.5%, Belgium 17.2%, UAE 8.9%, Norway 6.2%, Guyana 4.8%, France 4.1% (2011)
Imports - major partners US 26.2%, Netherlands 15.7%, UAE 8.6%, China 8.2%, Antigua and Barbuda 7.4%, Netherlands Antilles 5.5%, Brazil 4.4%, Japan 4.1% (2011)
FDI inflows
2009 2010 2011
US$-93 million US$-612 million(2009) US$-585 million(2009)
FDI outflows
2009 2010 2011
N/A N/A US$-12 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 164 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 178 out of 185 countries(2009)

Enforcing Contracts: 180 out of 185 countries

Registering Property: 171 out of 185 countries

Getting credit: 159 out of 185 countries

Protecting investors: 183 out of 185 countries

Trading across border: 97 out of 185 countries

Paying Taxes: 49 out of 185 countries

Dealing with Construction Permits: 92 out of 185 countries

Getting Electricity: 39 out of 185 countries

Resolving Insolvency: 158 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
114

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 133 Score: 52.6 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-3
Total area 163,820 km2 (2006)
Capital Paramaribo (2009)
Currency Surinamese dollars (SRD) (2009)
Government type constitutional democracy (2009)
Languages Dutch (official), English (widely spoken), Sranang Tongo (Surinamese, sometimes called Taki-Taki, is native language of Creoles and much of the younger population and is lingua franca among others), Caribbean Hindustani (a dialect of Hindi), Javanese
Religions Hindu 27.4%, Protestant 25.2% (predominantly Moravian), Roman Catholic 22.8%, Muslim 19.6%, indigenous beliefs 5%
Total population
1980 1990 2000 2012* 2017**
N/A N/A 0.47 million 0.55 million 0.58 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
47.3% 55% 72.1% 69.7%
Population median age 28 years (2010)
Population growth rate 0.9% (2011)
Life expectancy 70 years (2010)
Adult literacy 95% (2005/2010)
% of population living on less than $2 a day 27.20% (2011)
Inequality of wealth distribution (Gini index)

52.88 (1999)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

195.03% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 32% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

4.7551 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE