suriname gdp 2020

This, along with the Fund estimating that 2021 GDP … The first table includes estimates for the year 2020 made for each economy of the 194 countries and areas (including Hong Kong and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database. However, after the departure of Alcoa, the economy depended on the exports of crude oil and gold. Suriname Economic Outlook 2020 and Beyond. In March 2020, borders were closed and the government imposed a partial lockdown, a night curfew and stopped public transportation. The economy of Suriname continues to grow steadily with low inflation, but remains vulnerable due to fiscal imbalances and a lack of urgently needed reforms. Suriname gdp growth rate for 2017 was 1.76%, a 7.32% increase from 2016. The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. A second wave of the pandemic began in September 2020. Suriname gdp growth rate for 2018 was 2.62%, a 0.86% increase from 2017. The data is in millions of international dollars and was calculated and published by the IMF in April 2020. Suriname's economic prospects for the medium-term will depend on continued commitment to responsible monetary and fiscal policies and on the introduction of structural reforms to liberalize markets and promote competition. The International Monetary Fund predicted 2020 GDP contracted by 13%, the second-largest decline in South America when excluding Venezuela. GDP of Suriname increased from 1.09 billion US dollars in 2001 to 2.54 billion US dollars in 2020 growing at an average annual rate of 5.92%. Suriname gdp growth rate for 2016 was -5.56%, a 2.15% decline from 2015. In general, Suriname’s economy is characterised by strong dependence on exports of extractives and a … GDP Growth Rate in 2017 was 1.69%, representing a change of 75,409,884 US$ over 2016, when Real GDP was $4,469,836,830. Real GDP was expected to rise 2.5 percent in 2020. In 2020, GDP for Suriname was 2.54 billion US dollars. GDP per Capita in Suriname (with a population of 570,496 people) was $7,967 in 2017, an increase of $54 from $7,913 in 2016; this represents a change of 0.7% in GDP per capita. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Suriname gdp growth rate for 2019 was -0.77%, a 3.39% decline from 2018. In terms of GDP (PPP) Italy’s economy is worth $2.40 trillion and its per capita GDP is $34,260.34. Suriname - Economy. Italy’s economy is expected to expand to $2.26 trillion by 2023. As for gross debt, Suriname owed 75.6% of its GDP in 2019, with expectations of this rate worsening in 2020 and 2021, when debt should account for 78.1% and 83.4% of GDP, respectively. The fiscal position is likely to weaken further due to the upcoming elections in May 2020. Suriname was ranked the 124th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings. The government's over-reliance on revenue from the extractive sector colors Suriname's economic outlook. The COVID-19 crisis caused the already fragile economy to contract sharply in 2020. With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy in the world.

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