Suriname

Description of Suriname

Suriname, a culturally diverse and geographically unique country located on the northeastern coast of South America, has a rich history influenced by Dutch colonialism. Known for its vast rainforests, pristine biodiversity, and a blend of ethnicities including East Indians, Javanese, Maroons, and Indigenous peoples, Suriname offers a fascinating tapestry of traditions and landscapes. As a nation poised for economic growth and development, Suriname faces opportunities and challenges in harnessing its natural resources, improving infrastructure, and navigating its place in the global economy.

Population And Age Structure

Suriname has a total population of 607,065, which is significantly below the average population of 40,097,746. The country ranks 164 out of 194 countries in terms of total population.

The percentage of population aged 0-14 in Suriname is 26.77%, slightly below the average of 27.34%. Suriname ranks 93 out of 194 countries in this category.

Suriname has a total of 162,500 children aged 0-14, showcasing a considerable difference from the average of 10,327,379. Suriname ranks 162 out of 194 countries in this category.

The percentage of population aged 15-64 in Suriname is 66.12%, higher than the average of 63.44%. Suriname ranks 66 out of 194 countries in this category.

Within the age group of 15-64, Suriname has a total of 401,373 individuals, representing a significant difference from the average of 26,003,407. Suriname ranks 163 out of 194 countries in this category.

The percentage of population aged 65 and above in Suriname is 7.11%, below the average of 9.22%. The country ranks 91 out of 194 countries in this category.

Suriname has a total of 43,191 elderly individuals, significantly differing from the average of 3,766,959. The country ranks 163 out of 194 countries in this category.

Summary

Suriname's population demographics indicate a relatively young population with a higher percentage of individuals aged 0-14 and lower percentage of elderly individuals aged 65 and above compared to the global averages. This suggests potential implications for the country's healthcare, education, and future workforce dynamics, as it may need to focus more on youth development and aging population challenges.

Population Miscellaneous

Suriname has a rural population of 205,498, which is significantly below the average rural population of 18,044,041. Suriname ranks 160 out of 190 countries in this attribute.

The percentage of Suriname's population living in rural areas is 33.851%, lower than the average of 41.158%. Suriname is ranked 108 out of 190 countries in this metric.

Suriname's urban population stands at 401,567, well below the average urban population of 22,425,747. Suriname ranks 160 out of 194 countries for urban population.

With 66.149% of its population living in urban areas, Suriname surpasses the average urban population percentage of 59.691%. Suriname is ranked 87 out of 194 countries based on this metric.

The age dependency ratio in Suriname is 51.247%, lower than the average of 59.219%. Suriname ranks 129 out of 194 countries in this aspect.

Suriname's crude birth rate is 18.279 per 1,000 people, slightly below the average of 19.384. The country ranks 87 out of 192 countries for this statistic.

With a crude death rate of 7.036 per 1,000 people, Suriname is below the average of 8.214. The country ranks 116 out of 192 countries in this metric.

Suriname's total fertility rate is 2.371 births per woman, lower than the average of 2.603. Suriname ranks 85 out of 190 countries for this metric.

Summary

Suriname's demographic profile indicates a lower rural population and higher urban population compared to global averages. The country also exhibits a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate than the worldwide averages. These indicators are crucial for assessing Suriname's population structure, economic development potential, healthcare needs, and potential future demographic trends.

Military

Suriname has 2,000 armed forces personnel, significantly below the average of 165,908. Suriname ranks 158 out of 164 countries in this category.

Additionally, Suriname's armed forces personnel account for 0.85% of the total labor force, below the average of 1.28%. In this aspect, Suriname ranks 82 out of 164 countries.

Summary

Suriname has a relatively small number of armed forces personnel, with only 2,000 individuals, placing it well below the global average of 165,908. This ranks Suriname at 158 out of 164 countries. Furthermore, the percentage of armed forces personnel in Suriname's total labor force is 0.85%, which is lower than the worldwide average of 1.28%, positioning Suriname at 82 out of 164 countries in this aspect.

These findings are important as they indicate that Suriname may have a limited military capacity compared to other nations, which could impact its defense capabilities and ability to respond to security threats or emergencies. The low percentage of armed forces personnel in the labor force also suggests potential implications for military recruitment, training, and overall national security readiness.

Natural Resources

Suriname has a forest area of 151962.9 sq. km, ranking 44 out of 191 countries. This is below the global average of 211606.11 sq. km.

The land area of Suriname is 156000 sq. km, ranking 90 out of 194 countries. This is below the global average of 665166.51 sq. km.

Suriname's surface area is 163820 sq. km, ranking 90 out of 194 countries. This is below the global average of 689779.56 sq. km.

Suriname has 60000 hectares of arable land, ranking 155 out of 190 countries. This is significantly below the global average of 7329543.16 hectares.

The land under cereal production in Suriname is 57853 hectares, ranking 139 out of 174 countries. This is below the global average of 4206011.63 hectares.

Suriname experiences an average precipitation depth of 2331 mm per year, ranking 18 out of 178 countries. This is above the global average of 1157.83 mm per year.

Suriname's renewable internal freshwater resources total 99 billion cubic meters. This ranks 59 out of 178 countries, below the global average of 240.41 billion cubic meters.

Summary

Suriname's relatively small forest area, land area, and arable land indicate limitations in its natural resources compared to the global averages. However, the country's high average precipitation depth and renewable internal freshwater resources highlight its abundance of water resources despite the land constraints.

These findings are crucial as they suggest that Suriname may face challenges in terms of land availability for agriculture and forestry activities. However, the abundant water resources present an opportunity for sustainable development and utilization of water-dependent sectors such as hydroelectric power generation and agriculture.

Resource Rents

Suriname's total natural resources rents account for 4.60% of its GDP, slightly below the average of 4.63%. This places Suriname at rank 55 out of 175 countries.

Suriname's forest rents make up 1.60% of its GDP, which is above the average of 1.53%. Suriname holds the 41st position out of 174 countries in this category.

Suriname's oil rents contribute 2.99% to its GDP, surpassing the average of 2.51%. Suriname is ranked 24th out of 117 countries for oil rents.

Suriname's natural gas rents are relatively minimal at 0.01% of GDP, significantly lower than the average of 1.25%. This places Suriname at rank 72 out of 96 countries for natural gas rents.

Summary

Suriname's natural resources rents, particularly from forest and oil, significantly contribute to its GDP, surpassing global averages and securing relatively high rankings among other countries. However, the country lags behind in natural gas rents. These statistics are crucial as they indicate the importance of natural resource sectors in Suriname's economy and highlight areas for potential growth and development.

Commodities

Suriname's cereal production of 249,874 metric tons is below the average of 17,249,945. Suriname ranks 130 out of 174 countries in this attribute.

The aquaculture production in Suriname, with 37 metric tons, is significantly below the average of 679,642. Suriname is ranked 155 out of 180 countries in this category.

Suriname's capture fisheries production stands at 29,772 metric tons, much lower than the average of 467,453. Suriname ranks 113 out of 190 countries in this aspect.

With a total fisheries production of 29,809 metric tons, Suriname falls short of the average of 1,153,914. Suriname is ranked 116 out of 182 countries for total fisheries production.

Suriname's fertilizer consumption, at 252.35 kilograms per hectare of arable land, exceeds the average of 159.04. Suriname ranks 28 out of 187 countries in fertilizer consumption.

Summary

Suriname's agricultural sector faces challenges as it lags behind the global average in cereal production, aquaculture production, capture fisheries production, and total fisheries production. However, Suriname performs relatively well in fertilizer consumption compared to other countries, ranking 28th globally. Improving agricultural productivity through better farming practices and investments in technology could help Suriname bridge the gap and enhance its food security and economic development.

Intellectual Property

Suriname's number of nonresident trademark applications stands at 687, significantly below the average of 15,878. Suriname ranks 116 out of 130 countries included in the data for this attribute.

For resident trademark applications, Suriname's value of 315 is well below the average of 111,055. Suriname ranks 110 out of 129 countries in this category.

Suriname's scientific and technical journal articles at 19.52 are notably lower than the average of 15,103. Suriname holds the 165th rank out of 192 countries included.

Regarding charges for the use of intellectual property, Suriname's payments amount to $4,316,404.20, significantly below the average of $3,218,843,494.39. Suriname stands at the 113th position out of 143 countries.

In terms of receipts from intellectual property, Suriname's value of $42,652.47 is notably lower than the average of $3,191,687,117.58. Suriname ranks 110 out of 122 countries for this metric.

Summary

Suriname performs below average in key macroeconomic indicators related to intellectual property such as trademark applications, scientific articles, and intellectual property payments and receipts. These statistics suggest that Suriname may need to focus on enhancing its innovation and intellectual property systems to boost economic growth and competitiveness on the global stage.

Broad Economy Attributes

- Suriname's GDP (current US$) is $2.9 billion, which is well below the average GDP of $442.9 billion. Suriname ranks 159 out of 189 countries in this attribute.
- The GDP, PPP (current international $) for Suriname is $9.8 billion, much lower than the average GDP of $734.1 billion. Suriname is ranked 149 out of 181 countries in this metric.
- Suriname's GDP per capita (current US$) sits at $4796.53, significantly beneath the average of $15462.11. Suriname holds the 104th rank out of 190 countries for this indicator.
- Suriname's GDP per capita, PPP (current international $) is $16187.63, below the average of $21251.89. Suriname ranks 75 out of 181 countries in this regard.
- The GNI (current US$) for Suriname is $2.4 billion, far lower than the average GNI of $452.0 billion. Suriname's rank is 162 out of 185 countries.
- Suriname's GNI, PPP (current international $) is $8.3 billion, well below the average of $730.7 billion. Suriname ranks 152 out of 181 countries for this attribute.
- For GNI per capita, PPP (current international $), Suriname's value stands at $13600, lower than the average of $20615.75. Suriname holds the 88th rank out of 181 countries in this aspect.

Summary

Suriname's key macroeconomic indicators such as GDP, GDP per capita, and Gross National Income (GNI) are notably lower than global averages across various metrics. The country ranks relatively low among nations in terms of these indicators, reflecting its economic challenges and development status. These statistics are crucial as they provide insights into Suriname's economic performance, living standards, and overall prosperity compared to other countries, highlighting areas that may require attention for sustainable growth and development.

Broad Value Added

Suriname has a Gross Value Added at basic prices (GVA) of $2,812,351,963.54, ranking 151 out of 176 countries. This value is significantly below the attribute average of $360,070,943,595.12.

In terms of Agriculture, forestry, and fishing value added (% of GDP), Suriname contributes 8.14% to its GDP, ranking 87 out of 182 countries. This value is below the attribute average of 10.86%.

Suriname's Agriculture, forestry, and fishing value added in current US dollars is $236,905,485.28, placing it at rank 156 out of 182 countries. This figure is notably below the attribute average of $19,924,732,828.07.

The country's Services value added (% of GDP) stands at 51.89%, ranking 125 out of 183 countries, below the attribute average of 56.72%.

Suriname's Services value added in current US dollars is $1,510,870,170.11, ranking 157th out of 183 countries. This value is significantly below the attribute average of $295,837,711,130.69.

Lastly, the Industry (including construction) value added in current US dollars for Suriname is $1,064,576,383.35, placing it at rank 149 out of 183 countries. This amount is notably lower than the attribute average of $118,421,095,413.50.

Summary

Suriname's macroeconomic indicators reflect a relatively smaller economy compared to global averages. With a low Gross Value Added at basic prices (GVA) and below-average contributions from Agriculture, forestry, and fishing, Services, and Industry sectors, Suriname may face challenges in diversifying its economy, increasing productivity, and fostering sustainable economic growth. These indicators highlight the need for strategic planning and targeted policies to enhance sectoral performance, attract investments, and improve overall economic competitiveness.

Manufacturing Value Added

Suriname's Manufacturing, value added (current US$) is $672,881,315.14. This is significantly below the average value of $76,207,179,589.66, ranking Suriname 137th out of 173 countries.

The Manufacturing, value added (% of GDP) in Suriname is 23.11%, which is above the average of 11.90%. Suriname ranks 10th out of 173 countries in this aspect.

Suriname's Medium and high-tech manufacturing value added (% manufacturing value added) is 11.53%, lower than the average of 24.49%. This places Suriname at the 107th position out of 149 countries.

Summary

Suriname performs below average in terms of total Manufacturing value added, ranking 137th out of 173 countries. However, the country excels in the proportion of Manufacturing value added to its GDP, ranking 10th globally. Suriname falls short in high-tech manufacturing value added compared to the average, ranking 107th out of 149 countries.

These statistics are crucial as they highlight Suriname's strengths and weaknesses in the manufacturing sector. While the country shows potential in leveraging manufacturing for economic growth due to its high Manufacturing value added as a percentage of GDP, there is a need to focus on enhancing its high-tech manufacturing capabilities to compete effectively in the global market.

Money

- Inflation, consumer prices (annual %): Suriname has a high inflation rate of 34.89%, significantly above the average of 8.26%. The country ranks 4th out of 165 countries in this category.
- Inflation, GDP deflator (annual %): Suriname's inflation rate based on the GDP deflator is even higher at 45.22%, a considerable difference from the average of 6.90%. This places Suriname at the 5th position out of 188 countries.
- Broad money growth (annual %): Suriname exhibits rapid growth in broad money at 62.05%, well above the average of 18.03%. Suriname holds the 4th rank out of 139 countries.
- Broad money (% of GDP): Suriname's broad money as a percentage of GDP stands at 84.92%, higher than the average of 71.75%. Suriname is ranked 46th out of 139 countries in this aspect.
- Broad money to total reserves ratio: Suriname has a lower ratio at 4.23%, below the average of 5.17%. This places Suriname at the 37th position out of 126 countries.

Summary

Suriname stands out with high inflation rates in both consumer prices and GDP deflator, ranking 4th and 5th globally, respectively. The country also demonstrates rapid broad money growth, ranking 4th in annual percentage increase. However, Suriname's broad money as a percentage of GDP is higher than average but ranks 46th. The lower broad money to total reserves ratio places Suriname at the 37th position.

These indicators are crucial as they reflect Suriname's economic stability, monetary policy effectiveness, and financial strength. High inflation rates may indicate potential economic challenges, while rapid broad money growth can fuel economic activity but may lead to inflationary pressures. The broad money to GDP ratio and reserves ratio provide insights into the country's financial health and ability to withstand economic shocks.

Investment

Suriname's net foreign direct investment stands at -$348,843,395.50, which is significantly below the average of -$1,615,235,980.51. Suriname ranks 36th out of 169 countries in this category.

For net inflows of foreign direct investment, Suriname received $1,039,899.71, well below the average of $5,749,271,080.15. Suriname ranks 155th out of 182 countries in this metric.

Suriname's net inflows of foreign direct investment as a percentage of GDP is 0.036%, far lower than the average of 2.609%. Suriname ranks 154th out of 178 countries in this aspect.

Suriname's net outflows of foreign direct investment amount to $691,056.31, below the average of $5,707,991,116.07. Suriname ranks 115th out of 156 countries in this measure.

The net outflows of foreign direct investment as a percentage of GDP for Suriname is 0.024%, lower than the average of 1.004%. Suriname ranks 108th out of 155 countries in this category.

Suriname's net portfolio investment is -$35,263,666.76, which is below the average of $679,559,169.57. Suriname ranks 94th out of 159 countries in this area.

Summary

Suriname's foreign direct investment statistics indicate a significant imbalance, with low net inflows and high net outflows compared to global averages. This suggests that Suriname may face challenges in attracting foreign investment and retaining capital within its economy, which could impact its economic development and growth prospects.

Debt

Suriname's total debt service as a percentage of Gross National Income (GNI) is 18.73%, which is significantly higher than the average of 5.98%. Suriname ranks 7th out of 120 countries in this metric.

The country's public and publicly guaranteed debt service, at 4.09% of GNI, is above the average of 2.84%. Suriname is ranked 31st out of 120 countries for this indicator.

Suriname's external debt stocks as a percentage of GNI are 158.86%, far exceeding the average of 65.42%. The country holds the 7th position out of 120 countries in this aspect.

The total debt service on external debt, at $458,238,608.6, is considerably below the average of $9,811,195,839.23. Suriname ranks 76th out of 123 countries for this metric.

Suriname's debt service on public and publicly guaranteed external debt is $100,010,739.6, lower than the average of $3,310,612,057.60. The country holds the 89th position out of 123 countries in this category.

Suriname's external debt stocks for public and publicly guaranteed debt stand at $2,058,924,445.1, significantly below the average of $28,695,879,144.98. The country ranks 92nd out of 123 countries in this measure.

The country's external debt stocks for private nonguaranteed debt amount to $1,325,903,000, well below the average of $33,734,699,285.22. Suriname ranks 66th out of 91 countries in this particular attribute.

Suriname's total external debt stocks are $3,885,790,062.2, far lower than the average of $73,845,530,111.82. The country is placed 91st out of 123 countries for this statistic.

Summary

Suriname exhibits elevated levels of total debt service, public debt service, and external debt stocks compared to global averages, ranking relatively high in these metrics among a group of countries. These figures indicate a significant burden of debt on the country's economy, which could potentially hinder its financial stability, creditworthiness, and ability to invest in other areas such as infrastructure, education, and healthcare.

Broad Trade Attributes

Suriname's Merchandise trade accounts for 127.96% of its GDP, which is significantly higher than the average of 60.01%. Suriname ranks 13th out of 186 countries in this attribute data.

On the other hand, Suriname's Trade in services is 22.85% of its GDP, slightly below the average of 24.63%. Suriname's rank is 56th out of 171 countries for this indicator.

Summary

Suriname has a high Merchandise trade percentage compared to its GDP, ranking 13th globally, while its Trade in services percentage is slightly below the average, placing it at 56th position. These statistics indicate that Suriname heavily relies on the trade of goods, which can make its economy vulnerable to external market fluctuations. Diversifying its economy to increase the contribution of services trade could help reduce this vulnerability and enhance overall economic stability.

Net Trade

Suriname's current account balance (BoP) is $259,846,201.31, which is below the average of $1,443,864,831.49. Suriname ranks 59th out of 170 countries in this attribute.

The current account balance as a percentage of GDP in Suriname is 8.92%, which is above the average of -2.36%. Suriname ranks 13th out of 170 countries in this attribute.

Suriname's net trade in goods and services is $601,336,025.32, below the average of $2,604,730,003.57. It ranks 56th out of 171 countries in this attribute.

Net primary income for Suriname is -$465,745,520.17, above the average of -$903,807,529.74. Suriname ranks 87th out of 170 countries in this attribute.

Suriname's net secondary income is $124,255,696.16, higher than the average of -$269,227,340.40. Suriname ranks 104th out of 170 countries in this attribute.

For net trade in goods, Suriname has $1,061,305,621.73, below the average of $1,302,831,005.68. It ranks 55th out of 171 countries in this attribute.

Suriname's net financial account is $136,421,391.39, above the average of -$469,840,994.63. It ranks 65th out of 170 countries in this attribute.

Summary

Suriname's macroeconomic indicators show that it has a positive current account balance, higher than average current account balance as a percentage of GDP, and a positive net secondary income. However, Suriname has a negative net primary income and a net trade in goods lower than the average. These indicators are important as they reflect Suriname's economic health, trade performance, and financial stability in the global market.

Broad Export Attributes

- Suriname's exports of goods, services, and primary income amount to $2,454,058,552.25, ranking 131 out of 170 countries. This value is significantly below the attribute average of $146,238,908,936.30.
- Suriname's exports of goods and services stand at $2,446,394,181.71, ranking 128 out of 170 countries. This figure is notably lower than the attribute average of $122,938,540,059.78.
- Suriname's goods exports total $2,343,773,595.66, placing it at rank 123 out of 171 countries. This amount falls short of the attribute average of $93,310,581,697.39.
- Suriname's international tourism receipts account for 0.78% of total exports, ranking 112 out of 120 countries. This percentage is significantly lower than the attribute average of 9.74%.
- Suriname's ICT goods exports make up 0.03% of total goods exports, placing it at rank 135 out of 142 countries. This proportion is notably below the attribute average of 3.81%.

Summary

Suriname's performance in exports, tourism receipts, and ICT goods exports lags behind global averages and ranks comparatively low among countries. The country's export figures indicate a lack of diversification and potential limited global market reach. The low percentage of tourism receipts and ICT goods exports suggest untapped potential in these sectors for economic growth and international engagement.

Merchandise Exports

Merchandise exports (current US$): Suriname's merchandise exports amount to $2,193,000,000. This is significantly below the average of $89,542,711,229.94, ranking Suriname 133rd out of 187 countries in the dataset.

Agricultural raw materials exports (% of merchandise exports): Suriname exports 4.17% of its merchandise as agricultural raw materials, slightly above the average of 2.97%. Suriname ranks 30th out of 151 countries in this category.

Food exports (% of merchandise exports): Suriname's food exports account for 4.33% of its total merchandise exports, well below the average of 24.06%. Suriname ranks 129th out of 152 countries in this aspect.

Fuel exports (% of merchandise exports): Suriname's fuel exports represent a mere 0.09% of its merchandise exports, significantly lower than the average of 13.70%. Suriname ranks 143rd out of 147 countries in this metric.

Ores and metals exports (% of merchandise exports): Suriname's ores and metals exports make up 0.24% of its merchandise exports, notably lower than the average of 9.10%. Suriname is ranked 143rd out of 152 countries for this statistic.

Merchandise exports by the reporting economy, residual (% of total merchandise exports): Suriname's residual merchandise exports account for 0.25% of its total merchandise exports, significantly below the average of 3.20%. Suriname ranks 91st out of 166 countries in this category.

Summary

Suriname's key macroeconomic indicators show that it has a comparatively low level of merchandise exports at $2,193,000,000, ranking 133rd globally. The country has a higher than average proportion of agricultural raw materials exports but lags behind in food, fuel, ores and metals exports, as well as residual merchandise exports. These statistics are crucial as they indicate Suriname's economic reliance on specific export categories, highlighting potential vulnerabilities and opportunities for diversification.

Technology Exports

Suriname's Manufactures exports account for 5.26% of its merchandise exports, significantly below the average of 42.62%. With a rank of 140 out of 152 countries, Suriname lags behind in this aspect.

The country's High-technology exports amount to $2,807,564, which is significantly lower than the average of $16,655,934,078.80. Suriname ranks 129th out of 151 countries in this category.

Suriname's High-technology exports as a percentage of manufactured exports stand at 2.51%, well below the average of 10.15%. This places Suriname at a rank of 109 out of 150 countries.

Suriname's Medium and high-tech exports as a percentage of manufactured exports are at 49.74%, above the average of 34.29%. This places Suriname at a rank of 44 out of 149 countries in this category.

Summary

Suriname's performance in key macroeconomic indicators such as Manufactures exports, High-technology exports, and Medium and high-tech exports reveals its significant underperformance compared to the global averages. This places Suriname at lower ranks among countries, indicating a potential lack of diversification, innovation, and competitiveness in its export sector. Addressing these shortcomings is crucial for Suriname to enhance its economic resilience, foster growth, and improve its position in the global market.

Service Exports

Service exports (BoP, current US$): Suriname's service exports amount to $102,620,586.05, well below the attribute average of $28,917,292,503.82. Suriname ranks 153rd out of 171 countries in this category.

ICT service exports (BoP, current US$): Suriname's ICT service exports stand at $9,066,991.18, significantly lower than the attribute average of $4,578,501,153.77. Suriname ranks 140th out of 166 countries for this.

ICT service exports (% of service exports, BoP): Suriname's ICT service exports as a percentage of total service exports is 8.84%, below the average of 11.75%. The country ranks 81st out of 166 in this aspect.

Communications, computer, etc. (% of service exports, BoP): Suriname's percentage of service exports from communications, computer, etc. is 53.95%, which is above the average of 45.85%. The country ranks 63rd out of 169 in this category.

Transport services (% of service exports, BoP): Suriname's transport services represent 28.06% of its service exports, exceeding the average of 21.80%. Suriname is ranked 54th out of 169 countries in this metric.

Travel services (% of service exports, BoP): Suriname's travel services account for 14.99% of its service exports, lower than the average of 26.40%. The country is ranked 97th out of 167 nations.

Insurance and financial services (% of service exports, BoP): Suriname's insurance and financial services constitute 3.00% of its service exports, below the average of 6.46%. Suriname ranks 90th out of 161 countries in this respect.

Summary

Suriname's service exports and ICT service exports are notably below the global averages, ranking relatively low among countries. However, Suriname excels in the proportion of service exports from communications, computer, etc., and in the contribution of transport services to its overall service exports. These indicators are important as they provide insights into Suriname's specialization in certain service sectors and can shape the country's economic development strategies to capitalize on its strengths and address its weaknesses in the international market.

Commercial Service Exports

Suriname's Commercial service exports amount to $97,003,833.72, placing the country at a rank of 153 out of 171 countries. This value is significantly below the attribute average of $28,508,218,402.80.

Travel services contribute 15.86% to Suriname's commercial service exports, lower than the average of 27.89%. Suriname holds a rank of 101 out of 167 countries in this aspect.

In Computer, communications, and other services, Suriname's 51.28% contribution exceeds the average of 42.44%. The country is ranked 68 out of 169 in this category.

Suriname's Insurance and financial services contribution, at 3.18%, is below the average of 6.97%. The country ranks 94 out of 161 in this field.

Transport services form 29.69% of Suriname's commercial service exports, surpassing the average of 23.37%. The country ranks 53 out of 169 nations in this aspect.

Summary

Suriname has a lower-than-average commercial service export value, with significant variations across different service sectors. While the country performs well in Computer, communications, and other services, it falls short in Insurance and financial services. Understanding these discrepancies is crucial for Suriname to leverage its strengths and address its weaknesses in the international trade market, fostering economic growth and competitiveness.

Broad Import Attributes

Suriname's expenditures on international tourism (% of total imports) are below the average at 3.47%, ranking 54th out of 131 countries. The country is also below average in ICT goods imports (% total goods imports) at 1.46%, ranking 140th out of 143 countries.

Suriname's goods imports (BoP, current US$) stand at $1,282,467,973.93, significantly below the average of $92,007,788,027.17. This places Suriname at the 146th position out of 171 countries. Additionally, Suriname's imports of goods and services (BoP, current US$) and imports of goods, services, and primary income (BoP, current US$) are both notably lower than the respective averages, ranking 144th and 143rd out of 170 countries, and 170 countries, respectively.

Summary

Suriname exhibits below-average expenditures on international tourism and ICT goods imports in comparison to a global scale, ranking relatively low among other countries. Moreover, its total goods imports amount to significantly less than the average, positioning Suriname at a lower percentile in the global trade landscape.

These statistics are crucial as they indicate Suriname's limited integration into the global tourism and ICT markets, as well as its relatively lower purchasing power for imported goods compared to the global average. This suggests potential challenges in terms of economic diversification, competitiveness, and access to technology, which could impact the country's overall development and trade relations with other nations.

Merchandise Imports

Suriname's merchandise imports amount to $1.53 billion, significantly lower than the average of $89.39 billion, ranking 153rd out of 190 countries.

Manufactures imports account for 72.82% of Suriname's total merchandise imports, slightly above the average of 66.76%, placing the country at the 44th position out of 152 countries.

Suriname's imports of agricultural raw materials as a percentage of total merchandise imports are at 0.09%, notably below the average of 1.27%, ranking 151st out of 152 countries.

Food imports contribute to 13.33% of Suriname's merchandise imports, lower than the average of 15.89%, positioning the country at the 87th rank out of 152 countries.

Fuel imports represent 12.95% of Suriname's merchandise imports, higher than the average of 11.38%, placing the country at the 56th position out of 152 countries.

Ores and metals imports constitute 0.54% of Suriname's total merchandise imports, significantly below the average of 2.57%, ranking 137th out of 152 countries.

Suriname's merchandise imports by the reporting economy, residual, account for 14.27% of total merchandise imports, substantially higher than the average of 2.51%, positioning the country at the 7th rank out of 180 countries.

Summary

Suriname's trade data reveals a unique import composition with a heavy reliance on manufactured goods and a minimal share of agricultural raw materials. The country's significant percentage of fuel imports is noteworthy, indicating a reliance on energy imports. Suriname's high proportion of residual imports compared to the average signifies a notable influx from unspecified sources, highlighting potential areas for further investigation into the country's trade dynamics and economic relationships.

Service Imports

Suriname's service imports amount to $562,590,182.46, ranking 138th out of 171 countries. This value is significantly below the attribute average of $27,615,356,170.47.

Suriname's communication, computer, etc. services as a percentage of service imports stand at 68.72%, ranking 15th out of 169 countries. This value is notably above the attribute average of 44.40%.

Transport services in Suriname, at 16.22% of service imports, rank 152nd out of 169 countries. This figure is below the attribute average of 32.90%.

Travel services represent 10.59% of Suriname's service imports, placing it 88th out of 169 countries, below the attribute average of 14.14%.

Insurance and financial services account for 4.47% of Suriname's service imports, ranking 108th out of 169 countries. This percentage falls below the attribute average of 8.53%.

Summary

Suriname stands out for having a significantly low total service imports value compared to other countries, indicating potential challenges or limited capacity in importing services. However, the country excels in prioritizing communication, computer, etc. services in its imports, which could signify a focus on technological advancements and connectivity. Conversely, Suriname's lower emphasis on transport services suggests room for improvement in infrastructure development. The relatively low shares of travel services and insurance/financial services further highlight specific areas that may require attention to diversify and strengthen the country's service sector.

These findings are important as they reveal Suriname's trade priorities and potential vulnerabilities in its service sector. Addressing the disparities in service import composition could enhance the country's competitiveness, resilience, and overall economic development, aligning it more closely with global standards and trends in the services trade.

Commercial Service Imports

Suriname's Commercial service imports amount to $559,250,412.90, ranking 138 out of 171 countries. This value is significantly below the attribute average of $27,102,746,128.60.

Computer, communications, and other services contribute to 68.53% of Suriname's commercial service imports. Suriname ranks 14th out of 169 countries in this regard, with the value being notably higher than the average of 41.71%.

Suriname's Insurance and financial services represent 4.50% of its commercial service imports, placing it at 113th out of 169 countries. This percentage falls below the attribute average of 8.85%.

Transport services constitute 16.32% of Suriname's commercial service imports, ranking 155th out of 169 countries. This proportion is notably lower than the average of 34.71%.

Travel services make up 10.66% of Suriname's commercial service imports, positioning Suriname at 91st out of 169 countries. This percentage is below the attribute average of 14.73%.

Summary

Suriname's commercial service imports are significantly below the global average, with a notable emphasis on computer, communications, and other services. However, the country lags behind in insurance, financial, transport, and travel services when compared to global averages. These indicators are crucial as they reflect Suriname's reliance on certain sectors for imports and highlight areas where the country may need to improve its competitiveness and efficiency to align with global standards.

Infrastructure

Suriname's air transport freight of 26.83 million ton-km is significantly below the average of 1384.37 million ton-km, ranking 64 out of 126 countries.

Regarding registered carrier departures worldwide, Suriname's value of 2743 is well below the average of 134365.61 departures, placing it at the 116th position out of 149 countries.

Suriname's air transport for passengers carried stands at 221654, much lower than the average of 11848242.70 passengers, ranking 111 out of 149 countries.

Summary

Suriname exhibits significantly lower air transport activity compared to global averages across key indicators such as air transport freight, registered carrier departures, and passengers carried. These low figures may indicate limited connectivity, trade opportunities, and tourism activity, potentially hindering economic growth and international engagement for the country.

Information Technology Infrastructure

Analysis of key internet and telecommunication statistics in Suriname:

1. Secure Internet servers: Suriname's 4,164 servers are significantly below the average of 458,294. The country ranks 85th out of 193 countries in this metric.

2. Secure Internet servers (per 1 million people): With 6,859 servers per 1 million people, Suriname falls below the average of 14,067. The country holds the 54th rank out of 193 countries.

3. Individuals using the Internet (% of population): Suriname's 62.09% internet usage is slightly below the average of 64.77%. The country ranks 114th out of 180 countries.

4. Fixed broadband subscriptions: Suriname's 92,270 subscriptions lag significantly behind the average of 6,591,956. The country ranks 124th out of 185 countries.

5. Mobile cellular subscriptions: Suriname's 899,339 subscriptions are below the average of 42,526,464. The country ranks 157th out of 193 countries.

Summary

Suriname's internet and telecommunication statistics reveal a significant lag behind global averages in various key indicators such as secure Internet servers, Internet usage, fixed broadband subscriptions, and mobile cellular subscriptions. These lower-than-average figures can hinder Suriname's connectivity, digital access, and overall competitiveness in the global digital economy. Improving these metrics is crucial for enhancing communication infrastructure, fostering economic growth, and ensuring the country remains globally connected and competitive.

Energy Consumption

Suriname's renewable energy consumption only accounts for 14.66% of its total final energy consumption, which is significantly lower than the global average of 32.18%. This places Suriname at a rank of 124 out of 191 countries in terms of renewable energy usage.

On the other hand, Suriname's CO2 emissions are relatively low at 2601.32 kt compared to the average emissions of 171895.94 kt. This places Suriname at a rank of 141 out of 188 countries for CO2 emissions, indicating a relatively lower environmental impact.

Summary

Suriname has a low percentage of renewable energy consumption compared to the global average, ranking 124th out of 191 countries. However, its CO2 emissions are relatively low, ranking 141st out of 188 countries. These indicators highlight the need for Suriname to prioritize and invest in renewable energy sources to reduce its environmental impact and align with global sustainability goals.

Government Balance Sheet

Suriname's total reserves account for only 15.05% of its total external debt, significantly lower than the attribute average of 66.13%. This places Suriname at rank 87 out of 102 countries in the dataset.

In terms of reserves and related items in current US dollars, Suriname has a value of -146,893,932.58, well below the attribute average of 1,924,407,186.58. Suriname ranks 117 out of 171 countries included in the data.

Suriname's total reserves minus gold amount to 495,997,605.08 US dollars, a stark difference from the attribute average of 74,221,5881.61 US dollars. This places Suriname at rank 142 out of 161 countries in the dataset.

With total reserves including gold standing at 584,929,135.57 US dollars, Suriname falls short of the attribute average of 85,708,019,773.47 US dollars. Suriname ranks 141 out of 161 countries in the dataset.

Suriname's total reserves in months of imports is 3.03, below the attribute average of 7.10 months. This places Suriname at rank 113 out of 151 countries in the dataset.

Summary

Suriname's total reserves in comparison to its external debt, reserves in current US dollars, reserves minus gold, reserves including gold, and reserves in months of imports, all fall below the attribute averages in the dataset, placing the country at lower ranks in each category. This signifies that Suriname may face challenges in managing its external debt obligations, maintaining adequate reserves for economic stability, and ensuring sufficient reserves to cover imports, highlighting potential vulnerability in its macroeconomic position.

Taxes

Suriname's applied weighted mean tariff rate for all products is 8.72%, which is 3.51% higher than the average of 5.21%. This places Suriname at rank 37 out of 153 countries in the dataset.

Summary

Suriname's applied weighted mean tariff rate for all products is 8.72%, which is notably higher than the global average of 5.21%. This indicates that Suriname imposes higher tariffs on imported goods compared to many other countries, potentially influencing its trade relationships and economic competitiveness within the global market.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Manufacturing, value added (% of GDP)	10/173
Inflation, consumer prices (annual %)	4/165
Inflation, GDP deflator (annual %)	5/188
Broad money growth (annual %)	4/139
Total debt service (% of GNI)	7/120
External debt stocks (% of GNI)	7/120
Merchandise trade (% of GDP)	13/186
Current account balance (% of GDP)	13/170
Merchandise imports by the reporting economy, residual (% of total merchandise imports)	7/180
Communications, computer, etc. (% of service imports, BoP)	15/169
Computer, communications and other services (% of commercial service imports)	14/169

Ranks in Bottom Decile For:

Attribute	Rank/Total
Armed forces personnel, total	158/164
Charges for the use of intellectual property, receipts (BoP, current US$)	110/122
International tourism, receipts (% of total exports)	112/120
ICT goods exports (% of total goods exports)	135/142
Fuel exports (% of merchandise exports)	143/147
Ores and metals exports (% of merchandise exports)	143/152
Manufactures exports (% of merchandise exports)	140/152
ICT goods imports (% total goods imports)	140/143
Agricultural raw materials imports (% of merchandise imports)	151/152
Ores and metals imports (% of merchandise imports)	137/152
Transport services (% of commercial service imports)	155/169