The Gross Domestic Product (GDP) in Suriname contracted 10.40 percent in 2016 from the previous year. GDP Annual Growth Rate in Suriname averaged 1.29 percent from 1977 until 2016, reaching an all time high of 10.80 percent in 1988 and a record low of -10.40 percent in 2016.
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Suriname is the smallest country in the South America. Suriname is a large producer of bauxite (the country has one of the world’s biggest reserves), gold and oil. As such, the economy is highly dependent on mining and drilling industry which accounts for 85 percent of total exports and 25 percent of government revenues. In recent years, the government has undertaken series of reforms aiming at increasing fiscal revenues and improving the infrastructure. As a result, the country is expected to keep the current pace of expansion. This page provides the latest reported value for – Suriname GDP Annual Growth Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Suriname GDP Annual Growth Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.