Evaluating the market in Suriname

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Business environment in Suriname

Suriname's GDP growth figures have decreased since the decline in commodity prices, as the economy is reliant on gold, bauxite mining, and oil and gas. The extractive industry represents over 80 per cent of total exports. Recent investment in the country should lead to more gold production, providing a much-needed boost to the economy. In the meantime, a decline in revenues will force the government to cut back on expenditures in order to decrease the budget deficit, creating a drag on growth. The real GDP was downgraded to -0.9 per cent from 1.0 per cent in 2018 previously, due to fiscal weakness exacerbated by the cancellation of a stand-by agreement with the IMF.



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