How they Survive-The Economy As a Whole

Suriname has a massive mineral export business. They export gold, bauxite, and oil which accounts for a whopping 25% of the governments revenue but is also 85% of their exported assets.

The majority of their exports go to The Netherlands, Canada the United States and many of its Caribbean neighbors.

As of 2009 25% of the Suriname population is employed in the agricultural sector.

The figures provided below are courtesy of the CIA World Fact-book, and give a general outline of the countries financial situation as well as resource use and allocation for exports and imports.

GDP (purchasing power parity):
$4.274 billion (2009 est.) country comparison to the world: 163 $4.37 billion (2008 est.) $4.123 billion (2007 est.) note: data are in 2009 US dollars
GDP (official exchange rate):
$3.184 billion (2009 est.)
GDP - real growth rate:
-2.2% (2009 est.) country comparison to the world: 149 6% (2008 est.) 5.3% (2007 est.)
GDP - per capita (PPP):
$9,000 (2009 est.) country comparison to the world: 113 $9,200 (2008 est.) $8,800 (2007 est.) note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 10.8% industry: 24.4% services: 64.8% (2005 est.)
Labor force:
165,600 (2007) country comparison to the world: 177
Labor force - by occupation:
agriculture: 8% industry: 14% services: 78% (2004)
Unemployment rate:
9.5% (2004) country comparison to the world: 110
Population below poverty line:
70% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Budget:
revenues: $392.6 million expenditures: $425.9 million (2004)
Inflation rate (consumer prices):
6.4% (2007 est.) country comparison to the world: 157
Commercial bank prime lending rate:
12.23% (31 December 2008) country comparison to the world: 96 9.71% (31 December 2007)
Stock of money:
$484.7 million (31 December 2008) country comparison to the world: 103 $416.6 million (31 December 2007)
Stock of quasi money:
$1.018 billion (31 December 2008) country comparison to the world: 103 $824.4 million (31 December 2007)
Stock of domestic credit:
$793.1 million (31 December 2008) country comparison to the world: 118 $651 million (31 December 2007)
Market value of publicly traded shares:
$NA
Agriculture - products:
paddy rice, bananas, palm kernels, coconuts, plantains, peanuts; beef, chickens; shrimp; forest products
Industries:
bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing
Industrial production growth rate:
6.5% (1994 est.) country comparison to the world: 15
Electricity - production:
1.605 billion kWh (2007 est.) country comparison to the world: 139
Electricity - consumption:
1.467 billion kWh (2007 est.) country comparison to the world: 140
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Electricity - production by source:
fossil fuel: 25.2% hydro: 74.8% nuclear: 0% other: 0% (2001)
Oil - production:
15,280 bbl/day (2008 est.) country comparison to the world: 81
Oil - consumption:
14,000 bbl/day (2008 est.) country comparison to the world: 141
Oil - exports:
4,308 bbl/day (2007 est.) country comparison to the world: 109
Oil - imports:
6,296 bbl/day (2007 est.) country comparison to the world: 151
Oil - proved reserves:
79.6 million bbl (1 January 2009 est.) country comparison to the world: 73
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 144
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 143
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 141
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 104
Natural gas - proved reserves:
0 cu m (1 January 2009 est.) country comparison to the world: 149
Current account balance:
$24 million (2007 est.) country comparison to the world: 55
Exports:
$1.391 billion (2006 est.) country comparison to the world: 136
Exports - commodities:
alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas
Exports - partners:
Canada 36.1%, Belgium 12.5%, Norway 12.4%, UAE 8.9%, US 7.7% (2008)
Imports:
$1.297 billion (2006 est.) country comparison to the world: 165
Imports - commodities:
capital equipment, petroleum, foodstuffs, cotton, consumer goods
Imports - partners:
US 31.1%, Netherlands 15.5%, Trinidad and Tobago 14.1%, China 7.7%, Japan 6.4% (2008)
Reserves of foreign exchange and gold:
$263.3 million (2006) country comparison to the world: 124
Debt - external:
$504.3 million (2005 est.) country comparison to the world: 158