International Trade in Suriname

International Trade in Suriname

The country recorded a rather high economic growth in 2008, due to the austerity policy pursued by Ronald Venetiaan's government, which has enabled the stabilization of the economy. The difficulties encountered by the aluminum sector, the global crisis and the drop in oil prices have,... Read more

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Import and Export Services in Suriname (8)

  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Suriname

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • CFP International

    CFP International

    Trade Finance, Suriname

    We are CFP International. We provide unique trade finance services for import businesses around the world. We add value to our...

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Overview About International Trade in Suriname

Economic Overview

The country recorded a rather high economic growth in 2008, due to the austerity policy pursued by Ronald Venetiaan's government, which has enabled the stabilization of the economy. The difficulties encountered by the aluminum sector, the global crisis and the drop in oil prices have, however, affected the country's growth in 2009, estimated at 2.5%. In 2010, the country has resumed strong growth of 4%, a trend which should accelerate in 2011.

The smallest country of Southern America after Guyana, this former Dutch colony largely depends on foreign trade. Raw materials represent more than 50% of the GDP and 90% of the export revenues. ALso, the independence treaty foresees an aid of 1.6 billion euro coming from the Netherlands.

Factors that slow down economic growth are fluctuations in ore prices on the world market, the shortage of available energy sources, high public spending, a poor tax collection system, a corrupt civil service and the reduction in foreign aid. To maintain macro-economic stability despite the crisis, the government must durably comit itself to a monetary and fiscal policy. It has started an inflation control and economy privatization program, wh...

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