The fifth edition of the Country Profile with updates for 2016 has been published by the Statistics Department of the Central Bank of Suriname .
The Country Profile provides a comprehensive overview of the Surinamese economy with graphs and tables covering up to 10 years of economic and financial developments. Various international comparisons are also included to help place Suriname’s economic development in a broader regional context.
In 2016, the Surinamese economy continued facing economic head winds. The Surinamese authorities implemented strong measures to restore macroeconomic imbalances. The exchange rate was floated, while a strong austerity plan was adopted by the government. The measures have been quite successful in curbing domestic demand. A significant improvement of the external current account was recorded. Higher exports of gold due to the commencing of production by the new gold company, Newmont Suriname, also contributed to the improvement.
The fiscal deficit narrowed. However, given the high pass-through of exchange rate depreciations to inflation, Suriname as a small open economy has witnessed an inflation spike as expected, which is coming down gradually.
This publication provides a useful snapshot of Suriname’s macroeconomic performance.
The full publication can be downloaded under the button:
Number of pages 90 • Language English • Country Suriname
Source: Centrale Bank van Suriname
Tags: economy, finance, report, rapport, government, ministry of finance