Suriname Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in suriname, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Market Overview
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Suriname is a small commodity-based economy that depends heavily on the export revenues from crude oil, gold, rice, fish, timber, and bananas. In 2022, the top import countries were the United States, the Netherlands, Trinidad, China and Japan. The top export countries in 2022, were the United Arab Emirates, Switzerland, Trinidad and Tobago, Belgium, and the Netherlands.  Suriname’s GDP per capita is $5,853 (2022), and the World Bank ranks it as an upper middle-income country.  Suriname has undergone a gold rush in recent years, and in 2020, hydrocarbons were discovered offshore, signaling an emerging oil & gas industry that could involve U.S. energy companies. On September 13, 2023, Total Energies announced the launch of a $9 billion offshore oil project in Suriname. A Final Investment Decision is expected at the end of 2024, with a “first production” target for 2028.  Suriname’s government is looking to increase commercial ties between U.S. and Surinamese companies and has begun to make more infrastructure projects available to outside bidders.  In June 2021, the Central Bank of Surname ended its fixed exchange rate policy and allowed the Suriname Dollar (SRD) to float at market rates.   On December 22, 2021, the International Monetary Fund (IMF) approved a $688 million 36-month arrangement under the Extended Fund Facility for Suriname.  The IMF financial arrangement will support the government’s economic recovery plan to restore fiscal sustainability, bring public debt down to sustainable levels, upgrade the monetary and exchange rate policy framework, stabilize the financial system, and strengthen institutional capacity to tackle corruption and money laundering, and improve governance.

Political Environment

Suriname - United States Department of State

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

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As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

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