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ECON FACTBOOK

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Economy of Suriname

Population: 539 thousand in 20131

GDP: $5.2 billion in 20132

GDP per capita: $9,826 nominal3 ($16,226 PPP4) in 2013

GDP growth rate: 2.9% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Wholesale, retail trade, restaurants and hotels94523.9%
Manufacturing92023.2%
Other activities87922.2%
Agriculture, hunting, forestry, fishing3869.8%
Mining and utilities3839.7%
Transport, storage and communication2586.5%
Construction1884.8%
Total value added3,960100%

Employment

Unemployment rate: 7.8% in 20137

Employment by Industry 20138

Employment sectorEmployees (thousands) 2013Percent of total
Public administration and defence25.718.1%
Wholesale trade, retail trade and repair of motor vehicles22.515.8%
Construction14.09.8%
Human health and social work10.37.2%
Manufacturing9.56.6%
Transportation and storage8.45.9%
Other service activities8.25.7%
Accommodation and food service activities6.84.8%
Education6.84.7%
Mining and quarrying6.54.6%
Administrative and support service activities5.94.1%
Agriculture, forestry and fishin4.63.2%
Financial and insurance activities2.61.8%
Arts, entertainment and recreation2.41.7%
Information and communication2.31.6%
Not eleswhere classified2.21.5%
Professional, scientific and technical activities1.81.3%
Water supply, sewerage and waste management1.20.8%
Electricity, gas, steam and air conditioning0.70.5%
Real estate activities0.20.1%
Total employment142.5100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $6 billion (115% of GDP) in 201410

Household Wealth per Adult: $15,894 in 201410

Gini Coefficient: .529 in 201311

Government

Central Government

Central Government Revenue: $827 million (16% of GDP) in 201312

Central Government Expenditure: $940 million (18% of GDP) in 201312

Central Government Budget Balance: -$113 million (-2% of GDP) in 201312

Central Government Public Debt: $1.7 billion (33% of GDP) in Dec 2014* 13

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 3.30 SRD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 36% in 201315

* Individual thresholds calculated using the exchange rate 3.30 SRD = 1 USD

Monetary Policy

Money Supply (M0): $640 million (12% of GDP) in Dec 2014* 16

Benchmark Interest Rate: N/A

Total Reserves: $775 million (15% of GDP) in 201317

Exchange Rate: 3.30 Surinamese Dollars = 1 U.S. Dollar on Feb 18, 201518

Inflation: 1.9% in 201319

* Money supply calculated using the exchange rate 3.30 SRD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201320

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.5 billion (48% of GDP) in 201321

Imports: $1.8 billion (35% of GDP) in 201321

Trade Balance: -$0.7 billion (-13% of GDP) in 201321

Foreign Direct Investment Inflow: $137 million (3% of GDP) in 201322

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $40 million (1% of GDP) in 201223

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Centrale Bank van Suriname, Statistics, National Summary Data Page (Public debt) Go back
14. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
15. Source: Ernst & Young, Worldwide Corporate Tax Guide (Corporate tax rate) Go back
16. Source: Centrale Bank van Suriname, Statistics, National Summary Data Page (Money supply) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back
23. Source: World Bank Indicators (Aid data) Go back