Suriname GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Suriname expanded 4.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Suriname is reported by the Central Bank of Suriname. From 1977 until 2012, Suriname GDP Annual Growth Rate averaged 1.7 Percent reaching an all time high of 10.8 Percent in December of 1988 and a record low of -8.8 Percent in December of 1987. 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. This page provides - Suriname GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.50 4.70 10.80 -8.80 4.72 | 2014/06 1977 - 2012 Percent Yearly

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Suriname GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 4.70 2012-12-31 4.30 4.70 0.10 4.97 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.50 2012-12-31 4.70 10.80 -8.80 4.72 2014-06-30 Percent [+]
GDP per capita 4474.67 2012-12-31 4321.59 4474.67 343.21 4714.70 2014-06-30 USD [+]
GDP per capita PPP 7634.10 2012-12-31 7372.93 7634.10 4658.44 8043.60 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Suriname Personal Income Tax Rate at 38.00 percent  
The Personal Income Tax Rate in Suriname stands at 38 percent. Personal Income Tax Rate in Suriname is reported by the Ministry of Finance.
Suriname Inflation Rate at 2.90 Percent  
The inflation rate in Suriname was recorded at 2.90 percent in February of 2014. Inflation Rate in Suriname is reported by the Statistics Suriname.
Suriname Corporate Tax Rate at 36.00 percent  
The Corporate Tax Rate in Suriname stands at 36 percent. Corporate Tax Rate in Suriname is reported by the Ministry of Finance.
Suriname Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Suriname stands at 10 percent. Sales Tax Rate in Suriname is reported by the Ministry of Finance.
Suriname Balance of Trade at 44.30 USD Million  
Suriname recorded a trade surplus of 44.30 USD Million in the fourth quarter of 2013. Balance of Trade in Suriname is reported by the Central Bank of Suriname.
Suriname Current Account at -38.60 USD Million  
Suriname recorded a Current Account deficit of 38.60 USD Million in the fourth quarter of 2013. Current Account in Suriname is reported by the Central Bank of Suriname.
Suriname Imports at 512.50 USD Million  
Imports in Suriname decreased to 512.50 USD Million in the fourth quarter of 2013 from 594.10 USD Million in the third quarter of 2013. Imports in Suriname is reported by the Central Bank of Suriname.
Suriname Exports at 556.70 USD Million  
Exports in Suriname decreased to 556.70 USD Million in the fourth quarter of 2013 from 608.50 USD Million in the third quarter of 2013. Exports in Suriname is reported by the Central Bank of Suriname.
Suriname Remittances at 113.00 USD Million  
Remittances in Suriname decreased to 113 in December of 2012 from 114 in December of 2011.
Suriname Unemployment Rate at 8.00 Percent  
Unemployment Rate in Suriname remained unchanged at 8 percent in 2011 from 8 percent in 2010. Unemployment Rate in Suriname is reported by the Statistics Suriname.
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