Suriname

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Country summary

Capital

Paramaribo

Borders

Brazil 593 km, French Guiana 510 km, Guyana 600 km

Government type

constitutional democracy

Population

481,267 (July 2010 est.)[1]

Population growth

1.103% (2010 est.)[1]

Life expectancy

73.73 years[1]

Unemployment

9.5% (2004)[1]

Index of Economic Freedom

131[2]

Corruption Perceptions Index

75[3]

Doing Business ranking

155[4]


First explored by the Spaniards in the 16th century and then settled by the English in the mid-17th century, Suriname became a Dutch colony in 1667. With the abolition of slavery in 1863, workers were brought in from India and Java. Independence from the Netherlands was granted in 1975. Five years later the civilian government was replaced by a military regime that soon declared a socialist republic. It continued to exert control through a succession of nominally civilian administrations until 1987, when international pressure finally forced a democratic election. In 1990, the military overthrew the civilian leadership, but a democratically elected government - a four-party New Front coalition - returned to power in 1991 and has ruled since; the coalition expanded to eight parties in 2005.[1]

Economical characteristics

  • Currency: Surinamese dollar (ISO code: SRD)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 12.23% (31 December 2008)[1]
  • Stock of money (M1): $484.7 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.018 billion (31 December 2008)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 885 892 763 1 078 1 271 1 493 1 778 2 130 2 424 3 033
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Suriname", from The World Factbook. Referenced 2010-09-28.
  2. Heritage Foundation. "Suriname", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-28.
  3. Transparency International. "Suriname", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-28.
  4. Doing Business. "Suriname", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-28.
  5. World Bank. "Suriname: GDP", from World Bank Data. Referenced 2010-09-28.
  6. World Bank. "Suriname: government debt", from World Bank Data. Referenced 2010-09-28.
  7. World Bank. "Suriname: government revenue", from World Bank Data. Referenced 2010-09-28.
  8. World Bank. "Suriname: government expenses", from World Bank Data. Referenced 2010-09-28.

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