The Gross Domestic Product (GDP) in Suriname expanded 2.10 percent in 2019 from the previous year.

GDP Annual Growth Rate in Suriname averaged 1.44 percent from 1977 until 2019, reaching an all time high of 10.80 percent in 1988 and a record low of -8.80 percent in 1987. This page provides the latest reported value for - Suriname GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Suriname GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in Suriname is expected to reach -4.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Suriname GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 1.20 percent in 2022, according to our econometric models.

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Suriname GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.60 10.80 -8.80 1977 - 2019 percent Yearly

Suriname GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.10 2.60 10.80 -8.80 percent [+]
GDP 3.99 3.46 5.24 0.10 USD Billion [+]
GDP per capita 7966.70 8103.70 8930.60 3335.00 USD [+]
GDP per capita PPP 16328.70 16609.40 18304.30 11329.10 USD [+]
GDP Constant Prices 9643.00 9718.00 10202.00 7669.00 SRD Million [+]

Suriname GDP Annual Growth Rate
Suriname is the smallest country in the South America. Suriname is a large producer of bauxite (the country has one of the world’s biggest reserves), gold and oil. As such, the economy is highly dependent on mining and drilling industry which accounts for 85 percent of total exports and 25 percent of government revenues. In recent years, the government has undertaken series of reforms aiming at increasing fiscal revenues and improving the infrastructure. As a result, the country is expected to keep the current pace of expansion.