ExchangeRate.com Logo
Login | Register |  My Account |   |   |   |  Suggest XR to your friends Print this page
Exchange Rate Home >> Country Info >> Suriname

   | Post | View
Select Country:
  Suriname   
Introduction
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational
Issues
  Introduction Back To Top

Background:
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.

  Geography Back To Top

Freshwater withdrawal (domestic/industrial/agricultural):
total: 0.67 cu km/yr (4%/3%/93%)
per capita: 1,489 cu m/yr (2000)

Total renewable water resources:
122 cu km (2003)

Land boundaries:
total: 1,703 km
border countries: Brazil 593 km, French Guiana 510 km, Guyana 600 km

Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: none of the selected agreements

Climate:
tropical; moderated by trade winds

Map references:
South America

Geographic coordinates:
4 00 N, 56 00 W

Natural resources:
timber, hydropower, fish, kaolin, shrimp, bauxite, gold, and small amounts of nickel, copper, platinum, iron ore

Elevation extremes:
lowest point: unnamed location in the coastal plain -2 m
highest point: Juliana Top 1,230 m

Terrain:
mostly rolling hills; narrow coastal plain with swamps

Geography - note:
smallest independent country on South American continent; mostly tropical rain forest; great diversity of flora and fauna that, for the most part, is increasingly threatened by new development; relatively small population, mostly along the coast

Area:
total: 163,270 sq km
land: 161,470 sq km
water: 1,800 sq km

Location:
Northern South America, bordering the North Atlantic Ocean, between French Guiana and Guyana

Coastline:
386 km

Area - comparative:
slightly larger than Georgia

Irrigated land:
510 sq km (2003)

Environment - current issues:
deforestation as timber is cut for export; pollution of inland waterways by small-scale mining activities

Maritime claims:
territorial sea: 12 nm
exclusive economic zone: 200 nm

Natural hazards:
NA

Land use:
arable land: 0.36%
permanent crops: 0.06%
other: 99.58% (2005)

  People Back To Top

Total fertility rate:
2.01 children born/woman (2008 est.)

Sex ratio:
at birth: 1.07 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 0.99 male(s)/female
65 years and over: 0.76 male(s)/female
total population: 0.99 male(s)/female (2008 est.)

HIV/AIDS - adult prevalence rate:
1.7% (2001 est.)

HIV/AIDS - people living with HIV/AIDS:
5,200 (2001 est.)

Life expectancy at birth:
total population: 73.48 years
male: 70.76 years
female: 76.39 years (2008 est.)

Major infectious diseases:
degree of risk: high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever
vectorborne disease: dengue fever, Mayaro virus, and malaria
water contact disease: leptospirosis (2008)

Literacy:
definition: age 15 and over can read and write
total population: 89.6%
male: 92%
female: 87.2% (2004 census)

Net migration rate:
-0.52 migrant(s)/1,000 population (2008 est.)

Ethnic groups:
Hindustani (also known locally as "East Indians"; their ancestors emigrated from northern India in the latter part of the 19th century) 37%, Creole (mixed white and black) 31%, Javanese 15%, "Maroons" (their African ancestors were brought to the country in the 17th and 18th centuries as slaves and escaped to the interior) 10%, Amerindian 2%, Chinese 2%, white 1%, other 2%

Median age:
total: 27.5 years
male: 27.1 years
female: 27.9 years (2008 est.)

Population:
475,996 (July 2008 est.)

Education expenditures:
NA

Population growth rate:
1.099% (2008 est.)

Languages:
Dutch (official), English (widely spoken), Sranang Tongo (Surinamese, sometimes called Taki-Taki, is native language of Creoles and much of the younger population and is lingua franca among others), Caribbean Hindustani (a dialect of Hindi), Javanese

Death rate:
5.51 deaths/1,000 population (2008 est.)

Infant mortality rate:
total: 19.45 deaths/1,000 live births
male: 22.96 deaths/1,000 live births
female: 15.71 deaths/1,000 live births (2008 est.)

HIV/AIDS - deaths:
fewer than 500 (2003 est.)

School life expectancy (primary to tertiary education):
total: 12 years
male: 11 years
female: 13 years (2002)

Age structure:
0-14 years: 27.5% (male 66,695/female 64,356)
15-64 years: 66.2% (male 156,961/female 158,234)
65 years and over: 6.3% (male 12,868/female 16,882) (2008 est.)

Birth rate:
17.02 births/1,000 population (2008 est.)

Religions:
Hindu 27.4%, Protestant 25.2% (predominantly Moravian), Roman Catholic 22.8%, Muslim 19.6%, indigenous beliefs 5%

Nationality:
noun: Surinamer(s)
adjective: Surinamese

  Government Back To Top

Diplomatic representation from the US:
chief of mission: Ambassador Lisa Bobbie SCHREIBER HUGHES
embassy: Dr. Sophie Redmondstraat 129, Paramaribo
mailing address: US Department of State, PO Box 1821, Paramaribo
telephone: [597] 472-900
FAX: [597] 410-025

National holiday:
Independence Day, 25 November (1975)

Suffrage:
18 years of age; universal

Government type:
constitutional democracy

Political pressure groups and leaders:
Association of Indigenous Village Chiefs [Ricardo PANE]; Association of Saramaccan Authorities or Maroon [Head Captain WASE]; Women's Parliament Forum or PVF [Iris GILLIAD]

Diplomatic representation in the US:
chief of mission: Ambassador Jacques Ruben Constantijn KROSS
chancery: Suite 460, 4301 Connecticut Avenue NW, Washington, DC 20008
telephone: [1] (202) 244-7488
FAX: [1] (202) 244-5878
consulate(s) general: Miami

International organization participation:
ACP, Caricom, FAO, G-77, IADB, IBRD, ICAO, ICCt, ICRM, IDB, IFAD, IFRCS, IHO (suspended), ILO, IMF, IMO, Interpol, IOC, IPU, ISO (subscriber), ITU, ITUC, LAES, MIGA, NAM, OAS, OIC, OPANAL, OPCW, PCA, UN, UNASUR, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO

Legislative branch:
unicameral National Assembly or Nationale Assemblee (51 seats; members are elected by popular vote to serve five-year terms)
elections: last held on 25 May 2005 (next to be held in 2010)
election results: percent of vote by party - NF 39.7%, NDP 22.2%, VVV 13.8%, A-Com 7.2%, A-1 5.9%, other 11.2%; seats by party - NF 23, NDP 15, VVV 5, A-Com 5, A-1 3

Legal system:
based on Dutch legal system incorporating French penal theory; accepts compulsory ICJ jurisdiction with reservations

Flag description:
five horizontal bands of green (top, double width), white, red (quadruple width), white, and green (double width); there is a large, yellow, five-pointed star centered in the red band

Independence:
25 November 1975 (from the Netherlands)

Country name (Goverment):
conventional long form: Republic of Suriname
conventional short form: Suriname
local long form: Republiek Suriname
local short form: Suriname
former: Netherlands Guiana, Dutch Guiana

Political parties and leaders:
Alternative-1 or A-1 (a coalition of Amazone Party of Suriname or APS [Kenneth VAN GENDEREN], Democrats of the 21st Century or D-21 [Soewarto MOESTADJA], Nieuw Suriname or NS [Radjen Nanan PANDAY], Political Wing of the FAL or PVF [Jiwan SITAL], Trefpunt 2000 or T-2000 [Arti JESSURUN]); General Interior Development Party or ABOP [Ronnie BRUNSWIJK]; National Democratic Party or NDP [Desire BOUTERSE]; New Front for Democracy and Development or NF (a coalition that includes A-Combination or A-Com, Democratic Alternative 1991 or DA-91, an independent, business-oriented party [Winston JESSURUN], National Party Suriname or NPS [Ronald VENETIAAN], United Reform Party or VHP [Ramdien SARDJOE], Pertjaja Luhur or PL [Salam Paul SOMOHARDJO], Surinamese Labor Party or SPA [Siegfried GILDS]); Party for Democracy and Development in Unity or DOE [Marten SCHALKWIJK]; People's Alliance for Progress or VVV (a coalition of Democratic National Platform 2000 or DNP-2000 [Jules WIJDENBOSCH], Grassroots Party for Renewal and Democracy or BVD [Tjan GOBARDHAN], Party for National Unity and Solidarity of the Highest Order or KTPI [Willy SOEMITA], Party for Progression, Justice, and Perseverance or PPRS [Renee KAIMAN], Pendawalima or PL [Raymond SAPOEN]); Progressive Laborers and Farmers Union or PALU [Jim HOK]; Progressive Political Party or PPP [Surinder MUNGRA]; Seeka [Paul ABENA]; Union of Progressive Surinamers or UPS [Sheoradj PANDAY]

Capital:
name: Paramaribo
geographic coordinates: 5 50 N, 55 10 W
time difference: UTC-3 (2 hours ahead of Washington, DC during Standard Time)

Constitution:
ratified 30 September 1987; effective 30 October 1987

Executive branch:
chief of state: President Runaldo Ronald VENETIAAN (since 12 August 2000); Vice President Ramdien SARDJOE (since 3 August 2005); note - the president is both the chief of state and head of government
head of government: President Runaldo Ronald VENETIAAN (since 12 August 2000); Vice President Ram SARDJOE (since 3 August 2005)
cabinet: Cabinet of Ministers appointed by the president
elections: president and vice president elected by the National Assembly or, if no presidential or vice presidential candidate receives a two-thirds constitutional majority in the National Assembly after two votes, by a simple majority in the larger United People's Assembly (893 representatives from the national, local, and regional councils), for five-year terms (no term limits); election last held on 25 May 2005 (next to be held in 2010)
election results: Runaldo Ronald VENETIAAN reelected president; percent of vote - Runaldo Ronald VENETIAAN 62.9%, Rabin PARMESSAR 35.4%, other 1.7%; note - after two votes in the parliament failed to secure a two-thirds majority for a candidate, the vote then went to a special session of the United People's Assembly on 3 August 2005

Administrative divisions:
10 districts (distrikten, singular - distrikt); Brokopondo, Commewijne, Coronie, Marowijne, Nickerie, Para, Paramaribo, Saramacca, Sipaliwini, Wanica

Judicial branch:
Cantonal Courts and a Court of Justice as an appellate court (justices are nominated for life)

  Economy Back To Top

Exports - partners:
Canada 26.8%, Norway 20.2%, Belgium 9.2%, US 8.9%, UAE 7.9%, France 7.2% (2007)

Electricity - consumption:
1.457 billion kWh (2006 est.)

Electricity - imports:
0 kWh (2007 est.)

Current account balance:
$24 million (2007 est.)

Debt - external:
$504.3 million (2005 est.)

Unemployment rate:
9.5% (2004)

Oil - exports:
2,899 bbl/day (2005)

GDP - per capita (PPP):
$8,900 (2008 est.)

Stock of domestic credit:
$651 million (31 December 2007)

GDP (purchasing power parity):
$4.24 billion (2008 est.)

GDP (official exchange rate):
$2.984 billion (2008 est.)

Exchange rates:
Surinamese dollars (SRD) per US dollar - 2.745 (2007), 2.745 (2006), 2.7317 (2005), 2.7336 (2004), 2.6013 (2003)
note: in January 2004, the government replaced the guilder with the Surinamese dollar, tied to a US dollar-dominated currency basket

GDP - real growth rate:
5.4% (2008 est.)

Stock of money:
$416.6 million (31 December 2007)

Labor force:
156,700 (2004)

Imports - partners:
US 27%, Netherlands 17.3%, Trinidad and Tobago 14.3%, China 5.9%, Japan 5.1% (2007)

Inflation rate (consumer prices):
6.4% (2007 est.)

GDP - composition by sector:
agriculture: 10.8%
industry: 24.4%
services: 64.8% (2005 est.)

Oil - imports:
6,369 bbl/day (2005)

Exports:
$1.391 billion f.o.b. (2006 est.)

Natural gas - consumption:
0 cu m (2007 est.)

Currency (code):
Surinam dollar (SRD)

Economy - overview:
The economy is dominated by the mining industry, with exports of alumina, gold, and oil accounting for about 85% of exports and 25% of government revenues, making the economy highly vulnerable to mineral price volatility. Prospects for local onshore oil production are good, and a drilling program is underway. Offshore oil drilling was given a boost in 2004 when the State Oil Company (Staatsolie) signed exploration agreements with several Western oil companies. Bidding on these new offshore blocks was completed in July 2006. 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, though investment in these projects may slow with the tightening of global credit markets. Suriname has received aid for these projects from Netherlands, Belgium, and the European Development Fund. 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. In 2000, the government of Ronald VENETIAAN, returned to office and inherited an economy with inflation of over 100% and a growing fiscal deficit. He quickly implemented an austerity program, raised taxes, attempted to control spending, and tamed inflation. The VENETIAAN administration also has created a stabilization fund to insulate future revenue from commodity shocks. These economic policies are likely to remain in effect during VENETIAAN's third term.

Natural gas - exports:
0 cu m (2007 est.)

Imports - commodities:
capital equipment, petroleum, foodstuffs, cotton, consumer goods

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

Electricity - exports:
0 kWh (2007 est.)

Population below poverty line:
70% (2002 est.)

Commercial bank prime lending rate:
13.77% (31 December 2007)

Stock of quasi money:
$824.4 million (31 December 2007)

Electricity - production:
1.595 billion kWh (2006 est.)

Imports:
$1.297 billion f.o.b. (2006 est.)

Oil - proved reserves:
88 million bbl (1 January 2008 est.)

Labor force - by occupation:
agriculture: 8%
industry: 14%
services: 78% (2004)

Natural gas - proved reserves:
0 cu m (1 January 2006 est.)

Reserves of foreign exchange and gold:
$263.3 million (2006)

Oil - consumption:
12,370 bbl/day (2006 est.)

Market value of publicly traded shares:
$NA

Currency code:
SRG

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Exports - commodities:
alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas

Economic aid - recipient:
$43.97 million (2005)

Electricity - production by source:
fossil fuel: 25.2%
hydro: 74.8%
nuclear: 0%
other: 0% (2001)

Natural gas - imports:
0 cu m (2007 est.)

Natural gas - production:
0 cu m (2007 est.)

Budget:
revenues: $392.6 million
expenditures: $425.9 million (2004)

Fiscal year:
calendar year

Oil - production:
13,000 bbl/day (2007 est.)

  Communications Back To Top

Internet users:
44,000 (2007)

Telephones - main lines in use:
81,500 (2006)

Televisions:
63,000 (1997)

Internet country code:
.sr

Radio broadcast stations:
AM 4, FM 13, shortwave 1 (1998)

Radios:
300,000 (1997)

Telephones - mobile cellular:
320,000 (2006)

Television broadcast stations:
3 (plus 7 repeaters) (2000)

Telephone system:
general assessment: international facilities are good
domestic: combined fixed-line and mobile-cellular teledensity about 90 telephones per 100 persons; microwave radio relay network
international: country code - 597; satellite earth stations - 2 Intelsat (Atlantic Ocean)

Internet Service Providers (ISPs):
2 (2000)

Internet hosts:
33 (2008)

  Transportation Back To Top

Waterways:
1,200 km (most navigable by ships with drafts up to 7 m) (2008)

Pipelines:
oil 50 km (2007)

Ports and terminals:
Paramaribo, Wageningen

Merchant marine:
total: 1
by type: cargo 1 (2008)

Airports - with paved runways:
total: 5
over 3,047 m: 1
under 914 m: 4 (2007)

Roadways:
total: 4,304 km
paved: 1,130 km
unpaved: 3,174 km (2003)

Airports - with unpaved runways:
total: 45
914 to 1,523 m: 5
under 914 m: 40 (2007)

Airports:
50 (2007)

  Military Back To Top

Military service age and obligation:
18 years of age (est.); recruitment is voluntary, with personnel drawn almost exclusively from the Creole community (2007)

Manpower available for military service:
males age 16-49: 130,534
females age 16-49: 130,243 (2008 est.)

Manpower fit for military service:
males age 16-49: 105,770
females age 16-49: 109,666 (2008 est.)

Military branches:
National Army (Nationaal Leger, NL; includes Naval Wing, Air Wing) (2007)

Manpower reaching militarily significant age annually:
male: 4,329
female: 4,350 (2008 est.)

Military expenditures:
0.6% of GDP (2006 est.)

  Transnational Issues Back To Top

Disputes - international:
area claimed by French Guiana between Riviere Litani and Riviere Marouini (both headwaters of the Lawa); Suriname claims a triangle of land between the New and Kutari/Koetari rivers in a historic dispute over the headwaters of the Courantyne; Guyana seeks United Nations Convention on the Law of the Sea (UNCLOS) arbitration to resolve the long-standing dispute with Suriname over the axis of the territorial sea boundary in potentially oil-rich waters

Illicit drugs:
growing transshipment point for South American drugs destined for Europe via the Netherlands and Brazil; transshipment point for arms-for-drugs dealing

Got something to say on this page? Feel free to post your comments ! Please limit your comments to discussions about the subject matter of the content. To report bugs or problems with the ExchangeRate.com web site, please use our contact form here. Thank You!

Content, information, data, material, services, or products comprising this web-site may not be published, broadcast, rewritten or redistributed without written permission from ExchangeRate.com Inc.. The information supplied by this web-site is believed to be accurate, but ExchangeRate.com Inc. does not warrant or guarantee such accuracy. Users are always advised to verify information with their financial and accounting advisors or with the appropriate government agencies before relying on any such information. Information contained in this web-site is intended for your personal, non-commercial use. All other uses are expressly unauthorized and prohibited to the maximum extent allowed by law.
Copyright © ExchangeRate.com Inc. 1998 - 2020