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Standard of Living in Suriname (2024 Statistics)

Published: Monday, 21th October 2024

Recently Updated: Friday, 10th January 2025

In this page, you will find a detailed guide on the standard of living in Suriname, covering various aspects such as economy, health system factors, environment, import-export, taxes and finances.

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Economic Factors Information

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Indicators
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Suriname
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Gross Domestic Product (GDP) (2023)
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$3.539 billion USD
GDP Per Capita
(2023)
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5,667 USD
GINI Ratio
(2023)
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0.39
Inflation on Consumer Prices (2023)
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52.45 % anually
Central Government Debt (2023)
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Yet to Update
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Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.


As per the statistics from the World Bank Data for the year 2023, the total GDP of Suriname is $3.539 billion USD.


On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.

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Indicators
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Suriname
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Human Development Index (HDI)
(2023)
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0.690
Human Capital Index (HCI)
(2023)
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Yet to Update
Literacy Rate
(2023)
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95% (15 years+ above age)
Life Expectancy Ratio
(2023)
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69.8 years
Healthy Life Expectancy Ratio
(2023)
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60.3 years
Poverty Ratio
(2023)
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Yet to Update
Unemployment Rate
(2023)
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7.7% of total labor force

The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's human development, the higher its HDI value.

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Government National Expenditure Information

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Indicators
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Suriname
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Gross National Expenditure (2023)
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85.46% of GDP
Total Health Expenditure (2023)
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5.68% of GDP
Research and Development Expenditure (2023)
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Yet to Update
Government Expenditure on Education (2023)
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3.81% of GDP
International Tourism Expenditure (2023)
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64 million USD
Number of International Tourists Arrivals (2023)
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279,000
Military Expenditure
(2023)
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Yet to Update
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Health System Facilities Information

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Indicators
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Suriname
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Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
14.8
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
29.5
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
0.82
(Per 10,000 People)
Available Hospital Beds (2023)
Visual representation of Available Hospital Beds in any specific country
3
(Per 10,000 People)
Pregnant Women Receiving Prenatal Care (2023)
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84.8% of total Population
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Environmental Factors Information

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Indicators
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Suriname
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Agricultural Land
(2023)
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780 sq km
Forest Area
(2023)
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151,840.44 sq km
CO2 Emissions
(2023)
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0.25 kg per PPP $ of GDP
Access to Electricity
(2023)
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99% of total Population
Access to Internet
(2023)
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65.94% of total Population
Annual Fresh Water Withdrawals (2023)
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0.62 Billion cubic meters

99% of the total Population of Suriname has access to the electricity in their homes.

65.94% of the total Population of Suriname has access to the Internet.

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Business Registration Information

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Indicators
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Suriname
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Time Required to Start a Business
(2023)
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66 Days
New Businesses Registered
(2023)
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1,147 (New Businesses)
New Businesses Registration Density (2023)
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2.8 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
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93.5% of GNI Per Capita

In the year 2023, 1,147 new businesses got registered in Suriname.

It usually takes 66 days in Suriname to register a new business legally and systematically.

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Import & Export Factors Information

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Indicators
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Suriname
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Imports of Goods and Services (2023)
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38.41% of GDP
Total Fuel Imports
(2023)
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11.96% of Merchandise Imports
Cost to Import Border Compliance (2023)
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658 USD
Time to Import Border Compliance (2023)
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48 Hours
Cost to Import Documentary Compliance (2023)
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40 USD
Time to Import Documentary Compliance (2023)
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24 Hours
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Indicators
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Suriname
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Exports of Goods and Services (2023)
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52.55% of GDP
Total Fuel Exports
(2023)
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0.02% of Merchandise Exports
Cost to Export Border Compliance (2023)
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467.50 USD
Time to Export Border Compliance (2023)
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84 Hours
Cost to Export Documentary Compliance (2023)
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40 USD
Time to Export Documentary Compliance (2023)
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12 Hours
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Tax Factors Information

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Indicators
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Suriname
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Gross National Savings (2023)
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50.34% of GDP
Tax Revenue
(2023)
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Yet t Update
Taxes on Exports
(2023)
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Yet to Update
Taxes on Goods and Services (2023)
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Yet to Update
Taxes on International Trade (2023)
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Yet to Update
Time to Prepare and Pay Taxes
(2023)
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199 Hours
Customs and Other Import Duties (2023)
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Yet to Update
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We hope you enjoyed the detailed guide on the standard of living in Suriname.

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