Economy of Suriname

Economy of Suriname

Currency	Surinamese guilder (SRG)
Fiscal year	Calendar year
Trade organisations	WTO, CARICOM, Unasur, Mercosur (associate)
Statistics
GDP	$3.470 billion (nominal, 2023 est.)[1] $11.508 billion (PPP, 2023 est.)[1]
GDP growth	-15.9% (2020e) -2.7% (2021e) 1.3% (2022e) 2.3% (2023e)[1]
GDP per capita	$5,557 (nominal, 2023 est.)[1] $18,427 (PPP, 2023 est.)[1]
GDP by sector	agriculture: 10.4%; industry: 36.6%; services: 52.9% (2012 est.)
Inflation (CPI)	22 % (2020) [2]
Population below poverty line	70% (2002 est.)
Human Development Index	0.724 high (2018)[3] (98th) 0.557 IHDI (2018)[4]
Labour force	220,600 (2020) [5]
Labour force by occupation	agriculture: 8%; industry: 14%; services: 78% (2004)
Unemployment	7.47% (2020) [6]
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)[7]
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)[8]
Gross external debt	$504.3 million (2005 est.)
Public finances
Revenues	$826.6 million (2010 est.)
Expenses	$939.7 million (2010 est.)
Economic aid	Netherlands 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[9] Moody's:[9] Caa2 Outlook: Stable Fitch:[9] CCC Outlook: Highly Vulnerable
Foreign reserves	$647.3 million (2019) [10]
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

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.^[11]