Suriname/

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. In 2000, the government of Ronald VENETIAAN, returned to office and inherited an economy with inflation of over 100% and a growing fiscal deficit. He quickly implemented an austerity program, raised taxes, attempted to control spending, and tamed inflation. Economic growth reached about 6% in 2007 and 2008, owing to sizeable foreign investment in mining and oil. Suriname has received aid for projects in the bauxite and gold mining sectors from Netherlands, Belgium, and the European Development Fund. The economy contracted in 2009, however, 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, but the government’s budget remained strained, with increased social spending during last year’s election. 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.

$4.794 billion (2010 est.)

$4.632 billion (2009 est.)

$4.541 billion (2008 est.)

$3.297 billion (2010 est.)

3.5% (2010 est.)

2% (2009 est.)

7% (2008 est.)

$9,900 (2010 est.)

$9,600 (2009 est.)

$9,500 (2008 est.)

165,600 (2007)

9.5% (2004)

70% (2002 est.)

6.4% (2007 est.)

11.65% (31 December 2009 est.)

12.2% (31 December 2008 est.)

$608 million (31 December 2009)

$495.6 million (31 December 2008)

$1.809 billion (31 December 2009)

$1.573 billion (31 December 2008)

$793.1 million (31 December 2008 est.)

$651 million (31 December 2007 est.)

$NA

paddy rice, bananas, palm kernels, coconuts, plantains, peanuts; beef, chickens; shrimp; forest products

bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing

6.5% (1994 est.)

1.605 billion kWh (2007 est.)

1.467 billion kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

15,190 bbl/day (2009 est.)

14,000 bbl/day (2009 est.)

4,308 bbl/day (2007 est.)

6,296 bbl/day (2007 est.)

79.6 million bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

$24 million (2007 est.)

$1.391 billion (2006 est.)

alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas

Canada 35.47%, Belgium 14.92%, US 10.15%, UAE 9.87%, Norway 4.92%, Netherlands 4.7%, France 4.47% (2009)

$1.297 billion (2006 est.)

capital equipment, petroleum, foodstuffs, cotton, consumer goods

US 30.79%, Netherlands 19.17%, Trinidad and Tobago 13.04%, China 6.8%, Japan 5.85% (2009)

$263.3 million (2006)

$504.3 million (2005 est.)

Surinamese dollars (SRD) per US dollar - 2.745 (2007), 2.745 (2006), 2.7317 (2005), 2.7336 (2004), 2.6013 (2003)