Suriname Oil production Suriname Electricity production

Suriname Economy

Economy - overview:the economy is dominated by the alumina industry. which accounts for more than 15% of gdp and 70% of export earnings. suriname's economic prospects for the medium term will depend on continued commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition. the government of ronald venetiaan has begun an austerity program. raised taxes. and attempted to control spending. while - in 2002 - president venetiaan agreed to a large pay raise for civil servants. threatening his earlier gains in stabilizing the economy. he did not repeat this promise in the run-up to the may 2005 elections. which he won. economic policies are likely to remain the same during venetiaan's second term. the dutch government has agreed to restart the aid flow. which will allow suriname to access international development financing. but plans to phase out funds over the next five years. the short-term economic outlook depends on the government's ability to control inflation and on the development of projects in the bauxite and gold mining sectors. the opening of the gross rosbel gold mine is expected to boost exports and gdp growth. prospects for local onshore oil production are good. as a drilling program is underway. offshore oil drilling was given a boost in 2004 when the state oil company (staatsolie) signed exploration agreements with repsol and mearsk.

GDP (purchasing power parity) : $2.077 billion (2005 est.)

Inflation rate: 23% (2003 est.)

Labor force : 104.000 (2003)

Industries: bauxite and gold mining. alumina production. oil. lumbering. food processing. fishing

Suriname

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Suriname More Facts

Electricity - production: 2.014 billion kwh (2003)

Oil - production: 12.000 bbl/day (2004 est.)

Suriname More Facts

Exports: $881 million f.o.b. (2004 est.)

Imports : $750 million f.o.b. (2004 est.)
Currency (code) : surinam dollar (srd)