Suriname - Economy
How is the economy of Suriname? Based on the information we have, Suriname has a upper middle-income South American economy; new floating currency regime; key aluminum goods, gold, and hydrocarbon exporter; new IMF plan for economic recovery and fiscal sustainability; controversial hardwood industry. Key agricultural products in this country include: rice, sugarcane, oranges, chicken, plantains, vegetables, bananas, coconuts, cassava, eggs (2022).
More about the economy of Suriname
| Labor force | 250,000 (2023 est.) |
|---|---|
| Industrial production growth rate | 3.05% (2022 est.) |
| Industries | gold mining, oil, lumber, food processing, fishing |
| Population below poverty line | |
| Taxes and other revenues | 16.4% (of GDP) (2017 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Surinamese dollars (SRD) per US dollar - |
| Exchange rates 2023 | 36.776 (2023 est.) |
| Exchange rates 2022 | 24.709 (2022 est.) |
| Exchange rates 2021 | 18.239 (2021 est.) |
| Exchange rates 2020 | 9.31 (2020 est.) |
| Exchange rates 2019 | 7.458 (2019 est.) |
| Debt - external | |
| Debt - external 31 December 2017 | $1.7 billion (31 December 2017 est.) |
| Debt - external 31 December 2016 | $1.436 billion (31 December 2016 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $1.346 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $1.195 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $992.257 million (2021 est.) |
| Current account balance | |
| Current account balance 2023 | $146.749 million (2023 est.) |
| Current account balance 2022 | $76.321 million (2022 est.) |
| Current account balance 2021 | $176.058 million (2021 est.) |
| Public debt | |
| Public debt 2017 | 69.3% of GDP (2017 est.) |
| Budget | |
| Revenues | $863 million (2019 est.) |
| Expenditures | $1.648 billion (2019 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 3.88% of GDP (2023 est.) |
| Remittances 2022 | 4.09% of GDP (2022 est.) |
| Remittances 2021 | 4.79% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.2% (2022 est.) |
| Highest 10% | 30.1% (2022 est.) |
| Imports | |
| Imports 2023 | $2.218 billion (2023 est.) |
| Imports 2022 | $2.342 billion (2022 est.) |
| Imports 2021 | $1.876 billion (2021 est.) |
| Imports (partners) | US 25%, China 15%, Netherlands 13%, Trinidad and Tobago 6%, Japan 3% (2022) |
| Comodities Imports force | refined petroleum, excavation machinery, cars, plastic products, tobacco (2022) |
| Exports | |
| Imports 2023 | $2.218 billion (2023 est.) |
| Imports 2022 | $2.342 billion (2022 est.) |
| Imports 2021 | $1.876 billion (2021 est.) |
| Exports (partners) | Switzerland 39%, UAE 21%, Belgium 10%, Guyana 5%, Trinidad and Tobago 4% (2022) |
| Comodities Exports force | gold, refined petroleum, excavation machinery, wood, fish (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $11.824 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $11.583 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $11.308 billion (2021 est.) |
| GDP (official exchange rate) | $3.782 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $19,000 (2023 est.) |
| Real GDP per capita 2022 | $18,700 (2022 est.) |
| Real GDP per capita 2021 | $18,400 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 11.6% (2017 est.) |
| Industry | 31.1% (2017 est.) |
| Services | 57.4% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 27.6% (2017 est.) |
| Government consumption | 11.7% (2017 est.) |
| Investment in fixed capital | 52.5% (2017 est.) |
| Investment in inventories | 26.5% (2017 est.) |
| Exports of goods and services | 68.9% (2017 est.) |
| Imports of goods and services | -60.6% (2017 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 7.7% (2023 est.) |
| Unemployment rate 2022 | 8.23% (2022 est.) |
| Unemployment rate 2021 | 8.46% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 25.3% (2023 est.) |
| Male | 17.8% (2023 est.) |
| Female | 37.8% (2023 est.) |
All Important Facts about Suriname
Want to know more about Suriname? Check all different factbooks for Suriname below.
