Market Research In Suriname

Suriname Profile:

  • Suriname, officially known as the Republic of Suriname is a sovereign state on the north-eastern Atlantic coast of South America.
  • The people of Suriname are among the most diverse in the world, spanning a multitude of ethnic, religious, and linguistic groups.
  • The country overall is in full, post-industrial demographic transition, with a low fertility rate, a moderate mortality rate, and a rising life expectancy.
  • Suriname is considered to be a culturally Caribbean country and is a member of the Caribbean Community (CARICOM).
  • Suriname is party to the Cotonou Agreement, the partnership agreement among the members of the African, Caribbean, and Pacific Group of States and the European Union.

Suriname Economy:

  • Economic growth declined annually from just under 5% in 2012 to -10.4% in 2016.
  • Suriname’s economy is driven by the mining industry, with exports of oil and gold accounting for approximately 85% of exports and 27% of government revenues. This makes the economy highly vulnerable to mineral price volatility.
  • The worldwide drop in international commodity prices and the cessation of alumina mining in Suriname significantly reduced government revenue and national income during the past few years.
  • Public sector revenues fell, together with exports, international reserves, employment, and private sector investment. However, investment overall is slowing and unemployment is rising, reflecting government spending cuts, weak business confidence and the completion of large mining infrastructure projects.
  • The government’s over-reliance on revenue from the extractive sector colors Suriname’s economic outlook. Fiscal problems, such as a failure to secure sufficient external financing, could result in additional pressure on the exchange rate and inflation.

Suriname Facts:

  • Population: 591,919
  • Capital: Paramaribo
  • Largest city: Paramaribo
  • Area: 163,820 sq km
  • Major language: Dutch (official), English, Sranang Tongo, Caribbean Hindustani (a dialect of Hindi), Javanese
  • Major religion: Protestant 23.6%, Hindu 22.3%, Roman Catholic 21.6%, Muslim 13.8%, other Christian 3.2%, Winti 1.8%, Jehovah’s Witness 1.2%, other 1.7%
  • Life expectancy: 70.1 years (Male), 75.1 years (Female)
  • Monetary unit: 1 Surinamese Dollar(SRD) = 100 Cents
  • Main exports: Alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas
  • GNI per Capita: $14,490

Our Market Research Services in Suriname:

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