View source for Economy of Suriname

{{Short description|None}}
{{Infobox economy
| image = Paramaribo city collage.png
|caption        = [[Paramaribo ]], the [[Capital of Suriname]]
| country = Suriname
| year = Calendar year
| organs = [[World Trade Organization|WTO]], [[Caribbean Community|CARICOM]], [[Union of South American Nations|Unasur]], [[Mercosur]] (associate)
| gdp = {{plainlist|
* {{increase}} $4.51 billion ([[GDP (nominal)|nominal]]; {{abbr|2025|2025 forecast}})<ref name="IMF DataMapper">{{cite web |url=https://www.imf.org/external/datamapper/profile/SUR |title=IMF DataMapper: Suriname |website=[[International Monetary Fund]] |date=2025 |access-date=31 May 2025}}</ref>
* {{increase}} $14.74 billion ([[Purchasing power parity|PPP]]; {{abbr|2025|2025}})<ref name="IMF DataMapper"/> 
}}
| gdp rank = {{plainlist|
* [[List of countries by GDP (nominal)|162th (nominal; 2025)]]
* [[List of countries by GDP (PPP)|159th (PPP; 2025)]]
}}
| growth = {{plainlist|   
* {{Increase}} 2.5%&nbsp;(2023)<ref name="IMF DataMapper" />
* {{Increase}} 3.0%&nbsp;(2024)<ref name="IMF DataMapper" />
* {{Increase}} 3.2%&nbsp;({{abbr|2025|2025 forecast}})<ref name="IMF DataMapper" />
* {{Increase}} 3.7%&nbsp;({{abbr|2026f|2025 forecast}})<ref name="IMF DataMapper" />
}}
| per capita = {{plainlist|
* {{increase}} $6,860 (nominal; {{abbr|2025|2025 forecast}})<ref name="IMF DataMapper"/>
* {{increase}} $22,440 (PPP; {{abbr|2025|2025 forecast}})<ref name="IMF DataMapper"/> 
}}
| per capita rank = {{plainlist|
* [[List of countries by GDP per capita (nominal)|101th (nominal; 2025)]]
* [[List of countries by GDP per capita (PPP)|84th (PPP; 2025)]]
}}
| sectors = [[agriculture]]: 10.4%; [[Industrial sector|industry]]: 36.6%; [[Service (economics)|services]]: 52.9% (2012 est.)
| components = 
| inflation = 22 % (2020) <ref>{{cite web |url=https://www.xe.com/currency/srd-surinamese-dollar |title=SRD - Surinamese Dollar |publisher=Xe.currency |access-date=11 December 2020}}</ref>
| poverty = 70% (2002 est.)
| gini = 
| hdi = {{plainlist|
*{{increase}} 0.724 {{color|green|high}} (2018)<ref>{{cite web |url=http://hdr.undp.org/en/indicators/137506 |title=Human Development Index (HDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=11 December 2019}}</ref> ([[List of countries by Human Development Index|98th]])
*0.557 [[List of countries by inequality-adjusted HDI|IHDI]] (2018)<ref>{{cite web |url=http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi |title=Inequality-adjusted Human Development Index (IHDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=11 December 2019}}</ref>}}
| labor = 220,600 (2020) <ref>{{cite web |url=https://www.theglobaleconomy.com/Suriname/labor_force/|title=Suriname: Labor force |publisher=theglobaleconomy |access-date=11 December 2020}}</ref>
| occupations = agriculture: 8%; industry: 14%; services: 78% (2004)
| unemployment = 7.47% (2020) <ref>{{cite web |url=https://www.theglobaleconomy.com/Suriname/Unemployment_rate/|title=Suriname: Unemployment rate |publisher=theglobaleconomy |access-date=11 December 2020}}</ref>
| industries = [[bauxite]] and [[gold mining]], [[alumina]] production; [[oil]], [[lumbering]], [[food processing]], [[fishing]]
| exports = {{increase}}$2.51 billion (2018)
| export-goods = [[Gold]], [[alumina]], [[Wood]], [[crude oil]], [[lumber]], [[shrimp]] and [[fish]], [[rice]], [[banana]]s
| export-partners = {{plainlist|
*{{SUI}}: 40.6%
*{{HKG}}: 17.6%
*{{UAE}}: 13.8%
*{{BEL}}: 8.51%
*{{GUY}}: 4.63%
*{{USA}}: 2.82%
*{{CHN}}: 2.38%
*{{IND}}: 1.79%
*{{NED}}: 1.5%
*{{SGP}}: 1.09%
*Others: 48.73%
*(2018)<ref>{{cite web |url=https://oec.world/en/visualize/tree_map/hs92/export/sur/show/all/2018/|title=Where does Suriname export to? (2018)}}</ref>}}
| imports = {{increase}}$1.84 billion (2018)
| import-goods = [[capital equipment]], [[petroleum]], [[foodstuff]]s, [[cotton]], [[consumer goods]]
| import-partners = {{plainlist|
*{{CHN}}: 14.1%
*{{GER}}: 8.19%
*{{USA}}: 7.84%
*{{JAP}}: 3.88%
*{{KOR}}: 3.35%
*{{FRA}}: 3.06%
*{{NED}}: 2.99%
*{{ITA}}: 2.94%
*{{GBR}}: 2.52%
*{{MEX}}: 2.4%
*Others: 48.73%
*(2018)<ref>{{cite web |url=https://oec.world/en/visualize/tree_map/hs92/import/sur/show/all/2018/|title=Where does Suriname import from? (2018)}}</ref>}}
| FDI = 
| gross external debt = $504.3 million (2005 est.)
| debt = 
| revenue = $826.6 million (2010 est.)
| expenses = $939.7 million (2010 est.)
| aid = Netherlands provided $37 million for project and program assistance, European Development Fund $4 million, Belgium $2 million (2003)
| credit = [[Standard & Poor's]]:CCC<br>Outlook: Stable<ref name=guardian>{{cite news |title=How Fitch, Moody's and S&P rate each country's credit rating |date=15 April 2011 |first1=Simon |last1=Rogers |first2=Ami |last2=Sedghi |work=The Guardian |url=https://www.theguardian.com/news/datablog/2010/apr/30/credit-ratings-country-fitch-moodys-standard |access-date=28 May 2011}}</ref><br>[[Moody's]]:<ref name=guardian/><br>Caa2<br>Outlook: Stable<br>[[Fitch Group|Fitch]]:<ref name=guardian/><br>CCC<br>Outlook: Highly Vulnerable
| reserves = $647.3 million (2019) <ref>{{cite web |title= Total reserves |publisher=World bank |url=https://data.worldbank.org/indicator/FI.RES.TOTL.CD?locations=SR&order=wbapi_data_value_2014+wbapi_data_value+wbapi_data_value-last&sort=asc|access-date=11 Dec 2020}}</ref>
| spelling = 
| currency = [[Surinamese dollar]] (SRD) (since 2004)<br />[[Surinamese guilder]] (SRG) (until 2003)
| population = {{increase}} 628,886 (2023) <ref>{{cite web |url=https://data.worldbank.org/country/suriname |title=SurinamePopulation |publisher=[[World Bank]] |website=data.worldbank.org |date=May 27, 2025 }}</ref>
}}

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 [[Petroleum|crude oil]] and [[gold]]. [[Suriname]] was ranked the 124th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.<ref>{{cite web|title=Euromoney Country Risk|url=http://www.euromoneycountryrisk.com/|publisher=Euromoney Institutional Investor PLC|access-date=15 August 2011}}{{dead link|date=May 2025|bot=medic}}{{cbignore|bot=medic}}</ref>

== Agriculture ==
A member of [[CARICOM]], Suriname also exports in small numbers [[rice]], [[shrimp]], [[timber]], [[banana]]s, [[fruit]]s, and [[vegetable]]s. Fernandes Group is a soft drinks company bottled by [[Coca-Cola]] world-wide.<ref>{{cite web|url=https://essay.utwente.nl/59976/ |title=Fernandes on the move : market screening tool for Fernandes |website=University of Twente|date=June 2009 |access-date=8 May 2021}}</ref>

Other agricultural products of Suriname palm kernels, [[coconut]]s, [[peanut]]s; [[beef]], [[chicken]]s; forest products; [[shrimp]].

=== Rice ===
In 2018, Suriname produced 273 thousand tons of [[rice]], 125 thousand tons of [[sugar cane]], in addition to smaller productions of other agricultural products, such as [[banana]] (48 thousand tons), [[Orange (fruit)|orange]] (19 thousand tons) and [[coconut]] (14 thousand tons).<ref>{{cite web| url = http://www.fao.org/faostat/en/#data/QC/| title = Suriname production in 2018, by FAO}}</ref>

=== Hardwood ===
Some big companies are getting the [[hardwood]] out of the jungle. However, proposals for exploitation of the country's tropical forests and undeveloped regions of the interior traditionally inhabited by indigenous and [[Maroon (people)|Maroon]] communities have raised the concerns of environmentalists and [[human rights]] activists both in Suriname and abroad. These opposing parties are not yet strong in Suriname.

=== Bananas ===
State-owned banana producer [[Surland]] closed its doors on April 5, 2002, after its inability to meet payroll expenses for the second month in a row; it is still unclear if Surland will survive this crisis.<ref>{{cite web|url=http://www.agf.nl/nieuwsbericht_detail.asp?id=26663|title=Hét branchemedium voor de AGF-sector|website=Agf.nl|access-date=7 November 2017}}</ref>

The banana producer [[Surland]] was remodeled as Stichting Behoud Bananen Sector Suriname (SBBS). The rumour was that because of political differences Surland was manipulated into shutting down. The SBBS had made bananas profitable for the first time in 20 years.<ref>{{cite web |url=http://parbode.com/index.php?option=com_content&task=view&id=544&Itemid=23 |title=Parbode Surinaams opinie maandblad |access-date=2013-02-12 |url-status=dead |archive-url=https://archive.today/20130411144957/http://parbode.com/index.php?option=com_content&task=view&id=544&Itemid=23 |archive-date=2013-04-11 }}</ref> There is also wide production of [[Plantain (cooking)|plantain]]s in Suriname.

== Mineral industry ==
{{Main|Mineral industry of Suriname}}

=== Gold ===
Currently gold exports make up 60-80% of all exports earnings. In 2021 the gold industry accounted for 8.5% of the GDP. The share of large-scale mining in total gold production is 58% compared to 42% of small-scale mining.<ref>{{Cite web |date=2022-10-04 |title=Overheidsinkomsten uit goudsector stijgen dit jaar verder |url=https://www.dbsuriname.com/2022/10/04/overheidsinkomsten-uit-goudsector-stijgen-dit-jaar-verder/ |access-date=2024-07-12 |website=Dagblad Suriname |language=nl-NL}}</ref> With an export value of USD 1.83 billion in 2023, the gold sector makes an important contribution to the economy.<ref>{{Cite web |title=Starnieuws - Column: De bijdrage van goud aan de economie van Suriname |url=https://m.starnieuws.com/index.php/welcome/index/nieuwsitem/80975 |access-date=2024-07-12 |website=m.starnieuws.com}}</ref>

In early 2025, Suriname’s gold industry faced significant scrutiny after revelations of major oversight failures by the Foreign Currency Committee, which monitors gold exports and foreign currency flows. Finance and Planning Minister Stanley Raghoebarsing disclosed that a private plane carrying gold with an official export permit had been intercepted, yet the shipment would yield no state revenue. This incident exposed broader issues, including the issuance of numerous opaque and unjustified export permits, some granted to parties not actively exporting gold. Despite high gold prices and increased mining activity, official gold export figures were abnormally low, and the government estimated a loss of at least US$300 million in recent months. These irregularities contributed to the depreciation of the [[Surinamese dollar]] and rising foreign currency prices. The minister pledged to implement stricter oversight and reforms.<ref>{{Cite web |title=Foreign Currency Committee’s failure triggered foreign currency price hike |url=https://www.surinametimes.com/artikel/foreign-currency-committees-failure-triggered-foreign-currency-price-hike |access-date=2025-04-14 |website=www.surinametimes.com |language=en}}</ref>

=== Bauxite ===
The backbone of Suriname's economy was the export of [[aluminium oxide]] (alumina) and small amounts of [[aluminium]] produced from [[bauxite]] mined in the country. In 1999, the [[aluminium]] [[smelter]] at [[Paranam]] was closed.<ref>{{cite web |title=Alcoa in Surinam |url=http://www.alcoa.com/suriname/en/info_page/home.asp |access-date=2013-04-21 |publisher=Alcoa}}</ref> In November 2015 Suralco ceased the mining of bauxite completely.<ref name="CIA">CIA Factbook, [https://web.archive.org/web/20190702093411/https://www.cia.gov/library/publications/the-world-factbook/geos/ns.html Suriname - Economie], geraadpleegd juli 2019</ref>

== Oil ==
The exploration and exploitation of oil adds substantially to the economy of Suriname at about 10% of the GDP.<ref>{{Cite web |title=Staatsolie - Suriname's National Energy, Oil & Gas Company - AGM Approves 2022 Financial Statements; Contribution of US$ 320 million to the State treasury |url=https://www.staatsolie.com/en/news/agm-approves-2022-financial-statements-contribution-of-us-320-million-to-the-state-treasury/ |access-date=2024-07-12 |website=www.staatsolie.com}}</ref> The national oil company, [[Staatsolie Maatschappij Suriname|STAATSOLIE]], is the motor behind Suriname's oil industry. Their core business is oil extraction and refining.

In 2012 STAATSOLIE produced {{convert|16200|oilbbl|m3}} a day.<ref>{{cite web | url=http://www.staatsolie.com/pdf/jaarverslag-staatsolie-final-20052013.pdf | title=Annual Report 2012 | publisher=Staatsolie | access-date=September 10, 2013 | url-status=dead | archive-url=https://web.archive.org/web/20131206204612/http://staatsolie.com/pdf/jaarverslag-staatsolie-final-20052013.pdf | archive-date=December 6, 2013 }}</ref> Staatsolie currently refines 16,500 barrels a day at Tout Lui Faut refinery in the District of Wanica. Furthermore, they own a 96 MW powerplant and a 189 MW hydro powerplant. They also have their own retail gas stations under their Gow2 brand. They also claim to be a well-established bunker supplier in the Caribbean region.<ref>{{Cite AV media |url=https://www.youtube.com/watch?v=YVPmT8wIHM4 |title=Staatsolie General Commercial 2023 |date=2024-02-19 |last=Staatsolie |access-date=2024-07-12 |via=YouTube}}</ref>

In 2022 they reported revenue of USD 840 million. In that year their contribution to the state treasury was USD 320 million. In 2023 they made revenue of USD 722 million. The drop in revenue was because of the lower price for oil per barrel that year. Their contribution to the Surinamese state treasury was USD 335 million.

Other players in the off-shore oil industry in Suriname are Total Energies, Apache, Shell and Petronas. These companies have signed product sharing contracts with STAATSOLIE for the exploration and extraction of off-shore oil. The first of these contracts was signed in 2015.<ref>{{Cite web |date=2015-06-24 |title=Staatsolie en Apache Corporation sluiten PSC voor offshore-blok 58 |url=https://www.srherald.com/suriname/2015/06/24/staatsolie-en-apache-corporation-sluiten-psc-voor-offshore-blok-58/ |access-date=2024-07-12 |website=Suriname Herald |language=nl-NL}}</ref> In 2023 they signed three more of such contracts.<ref>{{Cite web |title=Staatsolie - Staatsolie sluit nog drie offshore-productiedelingscontracten met internationale olie- en gasbedrijven |url=https://www.staatsolie.com/nl/nieuws/staatsolie-sluit-nog-drie-offshore-productiedelingscontracten-met-internationale-olie-en-gasbedrijven/ |access-date=2024-07-12 |website=www.staatsolie.com}}</ref>

In 2020 the first off-shore oil was found. Currently STAATSOLIE, local partners and Surinamese companies, as well as the Surinamese government are actively anticipating on the development of the off-shore oil industry.<ref>{{Cite web |date=2024-01-08 |title=De West - Olie- en gasindustrie van Suriname boekt vooruitgang in 2023 - DE WEST |url=https://dagbladdewest.com/2024/01/08/olie-en-gasindustrie-van-suriname-boekt-vooruitgang-in-2023/ |access-date=2024-07-12 |website=dagbladdewest.com |language=en-US}}</ref><ref>{{Cite web |date=2023-01-28 |title=Veel in de planning voor Staatsolie in 2023 |url=https://www.dbsuriname.com/2023/01/28/veel-in-de-planning-voor-staatsolie-in-2023/ |access-date=2024-07-12 |website=Dagblad Suriname |language=nl-NL}}</ref><ref>{{Cite web |last=Mangoenwirono |first=Suzie |date=2024-03-08 |title=Local content cruciaal voor ontwikkeling Suriname |url=https://gov.sr/local-content-cruciaal-voor-ontwikkeling-suriname/ |access-date=2024-07-12 |website=Overheid van de Republiek Suriname |language=en-US}}</ref> The first production will start with the development of oil block 58 in 2028 <ref>{{Cite web |date=2024-06-05 |title=Block 58 offshore Suriname moves closer to development |url=https://www.offshore-mag.com/field-development/article/55056408/block-58-offshore-suriname-moves-closer-to-development |access-date=2024-07-12 |website=Offshore |language=en}}</ref> in which STAATSOLIE has a share of 20%.<ref>{{Cite web |title=Starnieuws - Jagesar: Staatsolie mikt op 20% belang in Blok 58-project |url=https://www.starnieuws.com/index.php/welcome/index/nieuwsitem/80062 |access-date=2024-07-12 |website=www.starnieuws.com}}</ref> It's projected that Suriname will make around USD 7 billion in the first five production years.<ref>{{Cite web |date=2024-05-19 |title=Olie-inkomsten Suriname $ 7 miljard in eerste vijf productiejaren {{!}} Suriname Nieuws Centrale |url=https://surinamenieuwscentrale.com/olie-inkomsten-suriname-7-miljard-eerste-vijf-productiejaren |access-date=2024-07-12 |website=surinamenieuwscentrale.com |language=nl |archive-date=2024-07-12 |archive-url=https://web.archive.org/web/20240712140124/https://surinamenieuwscentrale.com/olie-inkomsten-suriname-7-miljard-eerste-vijf-productiejaren |url-status=dead }}</ref> STAATSOLIE and other local players are anticipating on the development of the off-shore oil industry.<ref>{{Cite web |date=2024-01-08 |title=De West - Olie- en gasindustrie van Suriname boekt vooruitgang in 2023 - DE WEST |url=https://dagbladdewest.com/2024/01/08/olie-en-gasindustrie-van-suriname-boekt-vooruitgang-in-2023/ |access-date=2024-07-12 |website=dagbladdewest.com |language=en-US}}</ref>

== Currency ==
Moreover, in January 2002, the government renegotiated [[civil servant]] wages (a significant part of the work force and a significant portion of government expenditure), agreeing to raises as high as 100%. Pending implementation of these wage increases and concerned that the government may be unable to meet these increased expenses, the local currency weakened from Sf 2200 in January 2002 to nearly Sf 2500 in April 2002. On March 26, 2003, the [[Central Bank of Suriname]] (CBvS) adjusted the [[exchange rate]] of the U.S. dollar. This action resulted in further devaluation of the [[Surinamese guilder]]. The official exchange rate of the US$ was SF 2,650 for selling and SF 2,600 for purchasing. With the official exchange rate, the CBvS came closer to the exchange rate on the parallel market which sold the U.S. dollar for SF 3,250.

With the beginning of 2004 the [[Surinamese dollar]] (SRD) was introduced with an exchange rate of 1000 Surinamese gulden to 1 Surinamese dollar. Before 2004: [[Surinamese gulden]] (SRG) = 100 cent, SRD 1 = SRG 1000; coins had extremely low official value and a much higher collector's value; their official value has now been multiplied by 1000: the value in SRD cent is equal to the former value in SRG cent. The same applies for "currency notes" (SRG 1 and 2.50).

Surinamese guilders per US dollar - 2,346.75 (2002), 2,178.5 (2001), 1,322.47 (2000), 859.44 (1999), 401 (1998) <br>
Note: during 1998, the exchange rate splintered into four distinct rates; in January 1999 the government floated the guilder, but subsequently fixed it when the black-market rate plunged; the government then allowed trading within a band of SRG 500 around the official rate

Between 2004 and 2022, the value of the new Surinamese dollar (SRD) was set by the central bank. The [[Central Bank of Suriname]] spent much of Suriname's foreign currency reserves supporting the official exchange rates as inflation and other factors caused the real value of the Surinamese dollar to decline against other reserve currencies. As with the previous Surinamese guilder, the difference between the official exchange rate and the decreasing real value of the currency allowed [[black market]] currency trading to thrive. In June 2021, the central bank devalued the SRD by 33% and announced the currency would float freely.<ref>{{cite web | url=https://www.eca-international.com/insights/blog/june-2021/surinam-devalues-its-currency-by-50 | title=Surinam devalues its currency by 33% | access-date=2023-02-07 | archive-date=2022-12-02 | archive-url=https://web.archive.org/web/20221202133644/https://www.eca-international.com/insights/blog/june-2021/surinam-devalues-its-currency-by-50 | url-status=dead }}</ref> By June 2022, official exchange rates began to reflect the real floating exchange rate.<ref>{{cite web | url=https://www.xe.com/currencycharts/?from=SRD&to=USD | title=Surinamese Dollar to US Dollar Exchange Rate Chart &#124; Xe }}</ref>

== External debt and restructuring ==
As of February 2021, Suriname's external debt stands at US$4 billion. Of this amount, the nation sought to restructure a total of US$675 million in loans. Suriname retained French investment bank [[Lazard Freres|Lazard]] to act as its financial advisor during the restructuring.<ref>[https://www.reuters.com/article/suriname-debt/suriname-taps-lazard-to-advise-on-debt-restructuring-plan-idUSL1N2GZ267 Suriname taps Lazard to advise on debt restructuring plan], Reuters, October 8, 2020</ref>

== Stock Exchange ==
The [[Suriname Stock Exchange]] (SSX) is the [[stock exchange]] of Suriname. The exchange was established in 1994 by the Association for Securities Trading in Suriname (VvES), founded on January 1, 1994.<ref>Dagblad Suriname, [https://www.dbsuriname.com/2019/01/13/vereniging-voor-effectenhandel-in-suriname-herdenkt-25-jarig-bestaan/ Vereniging voor Effectenhandel in Suriname herdenkt 25-jarig bestaan], 13 January 2019 {{in lang|nl}}</ref> Stock trading does not occur daily but twice a month on the first and third Thursday. There are twelve companies listed on the exchange.<ref>SSX, [https://www.surinamestockexchange.com/nl/informatier-effectenhandel/bulletins Bulletins] {{Webarchive|url=https://web.archive.org/web/20230531153955/https://www.surinamestockexchange.com/nl/informatier-effectenhandel/bulletins |date=2023-05-31 }} {{in lang|nl}}</ref>

=== Major events ===
In April 2025, Suriname experienced a significant rise in the price of the euro, which reached SRD 41.33. Finance and Planning Minister Stanley Raghoebarsing attributed the increase to international developments, particularly the weakening of the U.S. dollar following new American trade policies. On 3 April 2025, [[Donald Trump|U.S. President Donald Trump]] announced a 10% tariff on all imports and higher rates on goods from around 60 economies. These measures, analysts noted, could trigger global economic disruptions. Raghoebarsing emphasized that the euro surge was not due to domestic policy and urged the public not to panic.<ref>{{Cite web |title="Do not panic" |url=https://www.surinametimes.com/artikel/do-not-panic |access-date=2025-04-08 |website=www.surinametimes.com |language=en}}</ref>

== Mechanisms ==
[[File:RM487574 Den Haag - Alexander Gogelweg 2.jpg|thumb|The [[Suriname-Netherlands Chamber of Commerce|Suriname-Netherlands Chamber]] at the [[Embassy of Suriname, The Hague|embassy of Suriname in The Hague]]]]
There are several Chambers of Commerce that are supporting the economy. The general [[Chamber of Commerce and Factories]] (KKF) is located in [[Paramaribo]]. It was founded on 1 May 1910 and has nearly 30,000 members in 2019 that provide more than 150,000 jobs.<ref>United News, [http://unitednews.sr/kkf-viert-109-jarig-bestaan/ KKF viert 109-jarig bestaan], 18 juli 2019 {{in lang|nl}}</ref> Next to that, there are several international Chambers. One of them is the [[Suriname-Netherlands Chamber of Commerce]] that is established at the [[Embassy of Suriname, The Hague|embassy of Suriname in The Hague]]. At the Chamber it is possible to found a Surinamese company in the Netherlands.<ref>STVS, [http://stvs.sr/suriname-nederland-kamer-van-koophandel-opgericht/ Suriname-Nederland Kamer van Koophandel opgericht] {{Webarchive|url=https://web.archive.org/web/20220816015658/http://stvs.sr/suriname-nederland-kamer-van-koophandel-opgericht/ |date=2022-08-16 }}, 11 May 2018 {{in lang|nl}}</ref><ref>De Ware Tijd, [https://fathh.com/suriname/nieuws/75113/handelskamer-moet-ondernemerschap-suriname-en-nederland-bevorderen.html Handelskamer moet ondernemerschap Suriname en Nederland bevorderen]{{Dead link|date=June 2025 |bot=InternetArchiveBot |fix-attempted=yes }}, 12 April 2018 {{in lang|nl}}</ref> Furthermore there is a [[Suriname-Guyana Chamber of Commerce]],<ref>Suriname Herald, [https://www.srherald.com/suriname/2023/08/31/suriname-en-guyana-slaan-handen-ineen-voor-oprichting-kamer-van-koophandel/ Suriname en Guyana slaan handen ineen voor oprichting Kamer van Koophandel], 31 August 2023 {{in lang|nl}}</ref> a [[Suriname-India Chamber of Commerce and Industry]]<ref>De Ware Tijd, [https://fathh.com/suriname/nieuws/87815/bedrijfsleven-gaat-mee-met-hechtere-relaties-suriname-india.html ‘Bedrijfsleven gaat mee met hechtere relaties Suriname-India’]{{Dead link|date=June 2025 |bot=InternetArchiveBot |fix-attempted=yes }}, Ivan Cairo, 6 November 2018 {{in lang|nl}}</ref> and a [[Ghana-Suriname Chamber of Commerce]].<ref>Dagblad Suriname, [https://www.dbsuriname.com/2020/08/17/surinaamse-diaspora-dr-barryl-biekman-benoemd-tot-voorzitter-van-de-ghana-suriname-kamer-van-koophandel/ Surinaamse Diaspora Dr. Barryl Biekman benoemd tot voorzitter van de Ghana Suriname Kamer van Koophandel], 17 August 2020 {{in lang|nl}}</ref>

In 2021 the [[government of Suriname]] founded the [[Suriname Investment and Trade Agency]] (SITA) to support international investments in Suriname and exports of Surinamese products abroad.<ref>United News, [https://unitednews.sr/investsur-eruit-sita-erin/ Investsur eruit SITA erin], 14 November 2021 {{in lang|nl}}</ref>

== Statistics ==
The following table shows the main economic indicators in 1980–2021 (with IMF staff estimates for 2020–2028). Inflation below 5% is in green.<ref>{{cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2023/April/weo-report?c=366,&s=NGDP_R,NGDP_RPCH,NGDP,NGDPD,PPPGDP,NGDP_D,NGDPRPC,NGDPRPPPPC,NGDPPC,NGDPDPC,PPPPC,PPPSH,PPPEX,NGSD_NGDP,PCPI,PCPIPCH,PCPIE,PCPIEPCH,TM_RPCH,TMG_RPCH,TX_RPCH,TXG_RPCH,LUR,LP,GGR,GGR_NGDP,GGX,GGX_NGDP,GGXCNL,GGXCNL_NGDP,GGSB,GGSB_NPGDP,GGXONLB,GGXONLB_NGDP,GGXWDG,GGXWDG_NGDP,NGDP_FY,BCA,BCA_NGDPD,&sy=1980&ey=2028&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |access-date=2023-05-25 |website=IMF |language=en-US}}</ref>

{| class="wikitable sortable mw-collapsible mw-collapsed" style="text-align:center;"
|Uncollapse first
|-
!Year
!GDP
<small>(in Bil. US$PPP)</small>
!GDP per capita
<small>(in US$ PPP)</small>
!GDP
<small>(in Bil. US$nominal)</small>
!GDP per capita
<small>(in US$ nominal)</small>
!GDP growth
<small>(real)</small>
!Inflation rate
<small>(in Percent)</small>
!Unemployment
<small>(in Percent)</small>
!Government debt
<small>(in % of GDP)</small>
|-
|1980
|{{Increase}}2.19
|n/a
|{{Increase}}1.28
|n/a
|{{Decrease}}-6.5%
|n/a
|n/a
|n/a
|-
|1981
|{{Increase}}2.44
|n/a
|{{Increase}}1.43
|n/a
|{{Increase}}1.9%
|n/a
|n/a
|n/a
|-
|1982
|{{Increase}}2.43
|n/a
|{{Increase}}1.47
|n/a
|{{Decrease}}-6.3%
|n/a
|n/a
|n/a
|-
|1983
|{{Decrease}}2.39
|n/a
|{{Decrease}}1.42
|n/a
|{{Increase}}-5.1%
|n/a
|n/a
|n/a
|-
|1984
|{{Increase}}2.41
|n/a
|{{Decrease}}1.39
|n/a
|{{Decrease}}-3.0%
|n/a
|n/a
|n/a
|-
|1985
|{{Increase}}2.46
|n/a
|{{Increase}}1.40
|n/a
|{{Increase}}-0.9%
|n/a
|n/a
|n/a
|-
|1986
|{{Decrease}}2.45
|n/a
|{{Increase}}1.43
|n/a
|{{Decrease}}-2.4%
|n/a
|n/a
|n/a
|-
|1987
|{{Decrease}}2.29
|n/a
|{{Increase}}1.57
|n/a
|{{Decrease}}-8.8%
|n/a
|n/a
|n/a
|-
|1988
|{{Increase}}2.63
|n/a
|{{Increase}}1.86
|n/a
|{{Increase}}10.8%
|n/a
|n/a
|n/a
|-
|1989
|{{Increase}}2.79
|n/a
|{{Increase}}2.18
|n/a
|{{Decrease}}2.3%
|n/a
|n/a
|n/a
|-
|1990
|{{Increase}}2.85
|{{Increase}}6,984.2
|{{Decrease}}0.58
|{{Decrease}}1,413.6
|{{Decrease}}-1.5%
|n/a
|n/a
|{{IncreaseNegative}}72.9%
|-
|1991
|{{Decrease}}2.54
|{{Decrease}}6,132.3
|{{Increase}}0.64
|{{Increase}}1,536.0
|{{Decrease}}-13.8%
|{{IncreaseNegative}}14.0%
|n/a
|{{IncreaseNegative}}75.7%
|-
|1992
|{{Increase}}2.70
|{{Increase}}6,440.0
|{{Decrease}}0.59
|{{Decrease}}1,406.6
|{{Increase}}3.9%
|{{IncreaseNegative}}33.0%
|n/a
|{{DecreasePositive}}64.4%
|-
|1993
|{{Increase}}2.70
|{{Decrease}}6,352.8
|{{Decrease}}0.47
|{{Decrease}}1,093.1
|{{Decrease}}-2.2%
|{{IncreaseNegative}}139.1%
|n/a
|{{DecreasePositive}}51.1%
|-
|1994
|{{Decrease}}2.57
|{{Decrease}}5,963.0
|{{Increase}}0.52
|{{Increase}}1,213.3
|{{Decrease}}-7.0%
|{{IncreaseNegative}}255.8%
|{{IncreaseNegative}}12.4%
|{{DecreasePositive}}30.5%
|-
|1995
|{{Increase}}2.92
|{{Increase}}6,676.7
|{{Increase}}0.99
|{{Increase}}2,270.8
|{{Increase}}11.3%
|{{IncreaseNegative}}-49.3%
|{{DecreasePositive}}8.4%
|{{DecreasePositive}}16.3%
|-
|1996
|{{Increase}}3.31
|{{Increase}}7,470.8
|{{Increase}}1.23
|{{Increase}}2,790.0
|{{Decrease}}11.2%
|{{Increase}}4.2%
|{{IncreaseNegative}}10.9%
|{{DecreasePositive}}11.8%
|-
|1997
|{{Increase}}3.60
|{{Increase}}8,012.7
|{{Increase}}1.32
|{{Increase}}2,945.3
|{{Decrease}}7.0%
|{{IncreaseNegative}}17.0%
|{{DecreasePositive}}9.8%
|{{IncreaseNegative}}16.8%
|-
|1998
|{{Increase}}3.72
|{{Increase}}8,182.7
|{{Increase}}1.59
|{{Increase}}3,495.3
|{{Decrease}}2.2%
|{{IncreaseNegative}}14.9%
|{{IncreaseNegative}}10.6%
|{{IncreaseNegative}}21.6%
|-
|1999
|{{Increase}}3.74
|{{Increase}}8,103.4
|{{Decrease}}1.31
|{{Decrease}}2,837.2
|{{Decrease}}-0.9%
|{{IncreaseNegative}}71.9%
|{{IncreaseNegative}}12.0%
|{{IncreaseNegative}}32.3%
|-
|2000
|{{Increase}}3.82
|{{Increase}}8,180.0
|{{Increase}}1.36
|{{Increase}}2,904.5
|{{Decrease}}-0.1%
|{{IncreaseNegative}}44.7%
|{{IncreaseNegative}}13.8%
|{{IncreaseNegative}}35.7%
|-
|2001
|{{Increase}}4.09
|{{Increase}}8,646.6
|{{Decrease}}1.17
|{{Decrease}}2,464.8
|{{Increase}}4.9%
|{{Increase}}0.9%
|{{DecreasePositive}}13.7%
|{{IncreaseNegative}}37.2%
|-
|2002
|{{Increase}}4.31
|{{Increase}}9,001.5
|{{Increase}}1.47
|{{Increase}}3,075.4
|{{Decrease}}3.7%
|{{IncreaseNegative}}28.4%
|{{DecreasePositive}}9.7%
|{{DecreasePositive}}35.6%
|-
|2003
|{{Increase}}4.67
|{{Increase}}9,650.7
|{{Increase}}1.73
|{{Increase}}3,571.6
|{{Increase}}6.1%
|{{IncreaseNegative}}13.1%
|{{DecreasePositive}}6.5%
|{{DecreasePositive}}31.3%
|-
|2004
|{{Increase}}5.15
|{{Increase}}10,444.0
|{{Increase}}2.0
|{{Increase}}4,057.7
|{{Increase}}7.4%
|{{IncreaseNegative}}9.1%
|{{IncreaseNegative}}8.4%
|{{DecreasePositive}}29.5%
|-
|2005
|{{Increase}}5.57
|{{Increase}}11,171.8
|{{Increase}}2.39
|{{Increase}}4,800.8
|{{Decrease}}4.9%
|{{IncreaseNegative}}20.1%
|{{IncreaseNegative}}11.1%
|{{DecreasePositive}}27.1%
|-
|2006
|{{Increase}}6.07
|{{Increase}}12,042.7
|{{Increase}}2.81
|{{Increase}}5,577.1
|{{Increase}}5.8%
|{{Increase}}4.8%
|{{IncreaseNegative}}12.3%
|{{DecreasePositive}}22.5%
|-
|2007
|{{Increase}}6.56
|{{Increase}}12,853.2
|{{Increase}}3.14
|{{Increase}}6,165.5
|{{Decrease}}5.1%
|{{IncreaseNegative}}8.3%
|{{DecreasePositive}}10.7%
|{{DecreasePositive}}16.4%
|-
|2008
|{{Increase}}6.96
|{{Increase}}13,456.3
|{{Increase}}3.78
|{{Increase}}7,316.5
|{{Decrease}}4.1%
|{{IncreaseNegative}}9.4%
|{{DecreasePositive}}9.4%
|{{DecreasePositive}}14.8%
|-
|2009
|{{Increase}}7.21
|{{Increase}}13,762.5
|{{Increase}}4.15
|{{Increase}}7,917.3
|{{Decrease}}3.0%
|{{Increase}}1.3%
|{{DecreasePositive}}8.7%
|{{DecreasePositive}}14.6%
|-
|2010
|{{Increase}}7.68
|{{Increase}}13,453.2
|{{Increase}}4.68
|{{Increase}}8,806.0
|{{Increase}}5.2%
|{{IncreaseNegative}}10.3%
|{{DecreasePositive}}7.2%
|{{IncreaseNegative}}17.3%
|-
|2011
|{{Increase}}8.30
|{{Increase}}15,363.4
|{{Increase}}4.74
|{{Decrease}}8,770.3
|{{Increase}}5.8%
|{{IncreaseNegative}}5.2%
|{{IncreaseNegative}}7.5%
|{{IncreaseNegative}}18.7%
|-
|2012
|{{Increase}}9.15
|{{Increase}}16,889.6
|{{Increase}}5.33
|{{Increase}}9,844.7
|{{Decrease}}2.7%{{Decrease}}
|{{Increase}}4.3%
|{{IncreaseNegative}}8.1%
|{{IncreaseNegative}}20.1%
|-
|2013
|{{Increase}}9.85
|{{Increase}}17,908.8
|{{Increase}}5.51
|{{Increase}}10,013.7
|{{Increase}}2.9%
|{{Increase}}0.6%
|{{DecreasePositive}}6.6%
|{{IncreaseNegative}}27.9$
|-
|2014
|{{Increase}}10.23
|{{Increase}}18,301.2
|{{Increase}}5.61
|{{Increase}}10,042.7
|{{Decrease}}0.3%
|{{Increase}}3.9%
|{{DecreasePositive}}5.5%
|25.2%
|-
|2015
|{{Decrease}}9.62
|{{Decrease}}16,962.5
|{{Decrease}}5.13
|{{Decrease}}9,036.3
|{{Decrease}}-3.4%
|{{IncreaseNegative}}25.1%
|{{IncreaseNegative}}7.0%
|{{IncreaseNegative}}41.1%
|-
|2016
|{{Decrease}}8.51
|{{Decrease}}14,777.8
|{{Decrease}}3.32
|{{Decrease}}5,761.8
|{{Decrease}}-4.9%
|{{IncreaseNegative}}52.4%
|{{IncreaseNegative}}10.0%
|{{IncreaseNegative}}74.8%
|-
|2017
|{{Increase}}10.23
|{{Increase}}17,879.6
|{{Increase}}3.59
|{{Increase}}6,156.5
|{{Increase}}1.6%
|{{IncreaseNegative}}9.3%
|{{DecreasePositive}}7.0%
|{{DecreasePositive}}71.5%
|-
|2018
|{{Decrease}}9.62
|{{Increase}}18,997.3
|{{Increase}}4.00
|{{Increase}}6,772.1
|{{Increase}}4.9%
|{{IncreaseNegative}}5.4%
|{{IncreaseNegative}}9.0%
|{{DecreasePositive}}66.1%
|-
|2019
|{{Decrease}}8.51
|{{Increase}}19,292.1
|{{Decrease}}3.98
|{{Decrease}}6,662.9
|{{Decrease}}1.1%
|{{Increase}}4.2%
|{{DecreasePositive}}8.8%
|{{IncreaseNegative}}80.8%
|-
|2020
|{{Increase}}9.83
|{{Decrease}}16,311.2
|{{Decrease}}2.88
|{{Decrease}}4,786.8
|{{Decrease}}-15.9%
|{{IncreaseNegative}}60.7%
|{{IncreaseNegative}}11.1%
|{{IncreaseNegative}}143.8%
|-
|2021
|{{Increase}}9.99
|{{Increase}}16,379.9
|{{Increase}}2.99
|{{Decrease}}4,896.1
|{{Increase}}-2.7%
|{{IncreaseNegative}}60.7%
|{{IncreaseNegative}}11.2%
|{{DecreasePositive}}117.0%
|-
|2022
|{{Increase}}10.83
|{{Increase}}17,549.9
|{{Increase}}3.52
|{{Increase}}5,705.7
|{{Increase}}1.3%
|{{IncreaseNegative}}54.6%
|{{DecreasePositive}}10.9%
|{{IncreaseNegative}}123.2%
|-
|2023
|{{Increase}}11.51
|{{Increase}}18,427.1
|{{Decrease}}3.47
|{{Decrease}}5,556.5
|{{Increase}}2.3%
|{{IncreaseNegative}}28.2%
|{{DecreasePositive}}10.6%
|{{DecreasePositive}}112.2%
|-
|2024
|{{Increase}}12.11
|{{Increase}}19,871.4
|{{Increase}}3.78
|{{Increase}}5,980.7
|{{Steady}}3.0%
|{{IncreaseNegative}}15.1%
|{{DecreasePositive}}10.3%
|{{DecreasePositive}}103.2%
|-
|2025
|{{Increase}}12.71
|{{Decrease}}19,163.2
|{{Increase}}3.96
|{{Increase}}6,198.4
|{{Steady}}3.0%
|{{IncreaseNegative}}11.1%
|{{DecreasePositive}}10%
|{{DecreasePositive}}96.2%
|-
|2026
|{{Increase}}13.33
|{{Increase}}19,871.4
|{{Increase}}4.19
|{{Increase}}6,468.5
|{{Steady}}3.0%
|{{IncreaseNegative}}8.3%
|{{DecreasePositive}}9.9%
|{{DecreasePositive}}89.6%
|-
|2027
|{{Increase}}13.98
|{{Increase}}20,601.6
|{{Increase}}4.44
|{{Increase}}6,772.2
|{{Steady}}3.0%
|{{IncreaseNegative}}6.0%
|{{DecreasePositive}}9.0%
|{{DecreasePositive}}83.6%
|-
|2028
|{{Increase}}14.68
|{{Increase}}22,138.3
|{{Increase}}4.69
|{{Increase}}7,070.5
|{{Steady}}3.0%
|{{IncreaseNegative}}5.0%
|{{DecreasePositive}}8.5%
|{{DecreasePositive}}78.9%
|}

== Energy ==
Here follows the energy statistics of Suriname.<ref name=":0">{{Citation |title=Suriname |date=2023-05-16 |url=https://www.cia.gov/the-world-factbook/countries/suriname/#economy |work=The World Factbook |access-date=2023-05-26 |publisher=Central Intelligence Agency |language=en}}{{PD-notice}}</ref>

{| class="wikitable sortable mw-collapsible mw-collapsed" 
|-
|Uncollapse first
|-
|Electricity access
|-
| electrification - total population: 97.4% (2018)
|-
| electrification - urban areas: 99% (2018)
|-
| electrification - rural areas: 94.3% (2018)
|-
|Electricity capacity
|-
| installed generating capacity: 542,000&nbsp;kW (2020 est.)
|-
| consumption: 2,938,391,000 kWh (2019 est.)
|-
| exports: 0 kWh (2019 est.)
|-
| imports: 808 million kWh (2019 est.)
|-
| transmission/distribution losses: 234 million kWh (2019 est.)
|-
|Electricity generation sources
|-
| fossil fuels: 40.5% of total installed capacity (2020 est.)
|-
| nuclear: 0% of total installed capacity (2020 est.)
|-
| solar: 0.4% of total installed capacity (2020 est.)
|-
| wind: 0% of total installed capacity (2020 est.)
|-
| hydroelectricity: 58.8% of total installed capacity (2020 est.)
|-
| tide and wave: 0% of total installed capacity (2020 est.)
|-
| geothermal: 0% of total installed capacity (2020 est.)
|-
| biomass and waste: 0.3% of total installed capacity (2020 est.)
|-
|Coal and gas
|-
| No production, consumption, exports, imports of reserves (2020 est.)
|-
|Petroleum
|-
| total petroleum production: 14,800 bbl/day (2021 est.)
|-
| refined petroleum consumption: 15,800 bbl/day (2019 est.)
|-
| crude oil and lease condensate exports: 0 bbl/day (2018 est.)
|-
| crude oil and lease condensate imports: 200 bbl/day (2018 est.)
|-
| crude oil estimated reserves: 89 million barrels (2021 est.)
|-
|Refined petroleum products - production
7,571 bbl/day (2015 est.)
country comparison to the world: 101
|-
|Refined petroleum products - exports
14,000 bbl/day (2015 est.)
country comparison to the world: 74
|-
|Refined petroleum products - imports
10,700 bbl/day (2015 est.)
country comparison to the world: 145
|-
|Carbon dioxide emissions
2.372 million metric tonnes of CO2 (2019 est.)
|-
| from coal and metallurgical coke: 0 metric tonnes of CO2 (2019 est.)
|-
| from petroleum and other liquids: 2.361 million metric tonnes of CO2 (2019 est.)
|-
| from consumed natural gas: 11,000 metric tonnes of CO2 (2019 est.)country comparison to the world: 156
|-
|Energy consumption per capita
82.356 million Btu/person (2019 est.)
country comparison to the world: 71
|-
|}

== See also ==
* [[Economy of South America]]
* [[Ministry of Finance (Suriname)]]

==References==
{{Reflist}}

==External links==
* [https://www.nytimes.com/2011/04/11/world/americas/11suriname.html?_r=2&ref=global-home& With Aid and Migrants, China Expands Its Presence in a South American Nation] in ''The New York Times'' by [[Simon Romero]] published April 10, 2011
* [http://amazonteam.org/maps/suriname-gold Amazon Gold Rush: Gold Mining in Suriname web map], published October 12, 2015

{{Suriname topics}}
{{Caricom}}
{{SACN}}
{{Americas topic|Economy of}}
{{World Trade Organization}}

[[Category:Economy of Suriname| ]]
[[Category:World Trade Organization member economies|Suriname]]