Suriname

Estatus EITI Pendiente de evaluación según el Estándar EITI
Joined EITI in 2017
Sitio web EITI Suriname
Last updated 9 August 2019

Overview

A country with a population of 560.000 inhabitants, Suriname has a economy dominated 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.

Suriname's economic prospects for the medium-term will depend on its commitment to responsible monetary and fiscal policies and on the introduction of structural reforms to liberalize markets and promote competition. The government's over-reliance on revenue from the extractive sector colors Suriname's economic outlook. Following two years of recession, the Fitch Credit Bureau reported a positive growth of 1.2% in 2017 and the World Bank predicted 2.2% growth in 2018. Inflation declined to 9%, down from 55% in 2016 , and increased gold production helped lift exports.

Source: CIA The World Factbook

EITI status

Suriname has applied for EITI membership in March 2017 and became a member on 24 May 2017.