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Economy of Singapore vs Suriname compared: GDP & Debt

Updated on by Georank team

Singapore has a GDP of $547B compared to $4.42B for Suriname, ranking 28/197 and 164/197 by economy size, respectively.

Singapore has $950B in government debt (173.5% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Singapore vs Suriname GDP by year

Singapore
Suriname
1x
Year GDP, current $
Singapore Suriname
2024 $547,386,645,892 $4,416,775,112
2023 $505,439,514,078 $3,472,693,412
2022 $509,017,841,147 $3,791,603,200
2021 $436,591,382,250 $3,107,923,198
2020 $349,165,858,545 $2,911,807,496
2019 $376,161,998,830 $4,016,040,575
2018 $377,123,710,561 $3,996,198,867
2017 $343,673,334,902 $3,591,679,431
2016 $319,646,468,521 $3,317,421,648
2015 $307,998,545,269 $5,126,237,646
2014 $314,863,580,758 $5,240,606,061
2013 $307,576,360,585 $5,145,757,576
2012 $295,092,888,077 $4,980,000,000
2011 $279,356,499,090 $4,422,276,622
2010 $239,807,980,591 $4,368,370,998
2009 $194,150,283,772 $3,875,409,836
2008 $193,617,323,539 $3,532,969,035
2007 $180,941,701,358 $2,936,612,022
2006 $148,627,286,361 $2,626,380,435
2005 $127,807,848,728 $1,793,410,397
2004 $115,033,593,101 $1,484,092,538
2003 $97,646,401,096 $1,274,190,311
2002 $92,538,372,870 $1,093,574,468
2001 $89,793,790,670 $834,279,358
2000 $96,076,539,926 $947,671,970
1999 $86,286,849,755 $886,290,698
1998 $85,728,207,782 $1,110,850,000
1997 $100,123,787,215 $926,422,500
1996 $96,293,086,513 $861,372,806
1995 $87,812,540,788 $691,590,498
1994 $73,688,724,431 $605,492,537
1993 $60,603,815,716 $428,764,706
1992 $52,131,320,033 $404,600,000
1991 $45,466,164,978 $448,100,000
1990 $36,144,336,769 $388,400,000
1989 $30,465,364,739 $542,600,000
1988 $25,371,462,488 $1,161,000,000
1987 $20,919,215,578 $980,000,000
1986 $18,586,746,057 $891,000,000
1985 $19,156,532,746 $873,000,000
1984 $19,749,361,098 $864,000,000
1983 $17,784,112,150 $883,500,000
1982 $16,084,252,378 $915,000,000
1981 $14,175,228,844 $889,000,000
1980 $11,896,256,783 $795,000,000
1979 $9,296,921,724 $782,500,000
1978 $7,517,176,355 $735,500,000
1977 $6,618,585,074 $641,500,000
1976 $6,327,077,974 $505,500,000
1975 $5,633,673,930 $465,500,000
1974 $5,221,534,956 $409,850,000
1973 $3,696,213,333 $339,450,000
1972 $2,721,440,981 $311,950,000
1971 $2,263,785,444 $301,000,000
1970 $1,920,574,150 $274,900,000
1969 $1,659,893,768 $259,650,000
1968 $1,425,706,091 $241,350,000
1967 $1,238,035,816 $220,700,000
1966 $1,096,425,608 $190,350,000
1965 $974,644,096 $154,150,000
1964 $894,153,311 $134,400,000
1963 $917,608,012 $125,950,000
1962 $826,239,212 $116,150,000
1961 $764,629,788 $107,700,000
1960 $704,751,700 $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/suriname | CC BY

GDP per capita in Singapore vs Suriname by year

Singapore
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Singapore Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $90,674 $150,689 $6,962 $21,801
2023 $85,412 $143,786 $5,522 $21,110
2022 $90,299 $143,095 $6,084 $20,079
2021 $80,056 $132,617 $5,030 $18,458
2020 $61,410 $101,518 $4,755 $16,947
2019 $65,952 $105,335 $6,630 $19,772
2018 $66,882 $103,963 $6,666 $17,855
2017 $61,236 $95,744 $6,050 $17,568
2016 $57,006 $89,902 $5,644 $14,475
2015 $55,646 $87,156 $8,814 $16,544
2014 $57,565 $84,555 $9,108 $16,598
2013 $56,967 $83,088 $9,043 $16,173
2012 $55,548 $82,108 $8,851 $15,185
2011 $53,891 $80,052 $7,950 $13,926
2010 $47,237 $75,401 $7,944 $13,039
2009 $38,927 $66,213 $7,130 $12,393
2008 $40,009 $67,735 $6,576 $12,097
2007 $39,433 $68,805 $5,530 $11,530
2006 $33,768 $64,061 $5,003 $10,803
2005 $29,961 $58,822 $3,453 $10,014
2004 $27,608 $54,384 $2,888 $9,389
2003 $23,730 $48,778 $2,516 $8,552
2002 $22,160 $45,083 $2,202 $8,046
2001 $21,700 $43,109 $1,715 $7,865
2000 $23,853 $43,781 $1,988 $7,535
1999 $21,797 $39,949 $1,898 $7,367
1998 $21,829 $37,560 $2,429 $7,521
1997 $26,376 $39,286 $2,068 $7,422
1996 $26,233 $36,873 $1,963 $7,048
1995 $24,915 $35,090 $1,610 $7,000
1994 $21,552 $33,058 $1,434 $6,973
1993 $18,290 $30,062 $1,022 $6,650
1992 $16,136 $27,022 $969 $6,992
1991 $14,502 $25,530 $1,080 $6,852
1990 $11,862 $23,815 $942 $6,493
1989 $10,395 - $1,329 -
1988 $8,914 - $2,886 -
1987 $7,539 - $2,469 -
1986 $6,800 - $2,271 -
1985 $7,002 - $2,256 -
1984 $7,228 - $2,261 -
1983 $6,633 - $2,333 -
1982 $6,078 - $2,430 -
1981 $5,597 - $2,368 -
1980 $4,928 - $2,118 -
1979 $3,901 - $2,072 -
1978 $3,194 - $1,928 -
1977 $2,846 - $1,666 -
1976 $2,759 - $1,302 -
1975 $2,490 - $1,190 -
1974 $2,342 - $1,041 -
1973 $1,685 - $858 -
1972 $1,264 - $785 -
1971 $1,071 - $768 -
1970 $926 - $724 -
1969 $813 - $708 -
1968 $709 - $681 -
1967 $626 - $644 -
1966 $567 - $575 -
1965 $517 - $482 -
1964 $486 - $435 -
1963 $511 - $424 -
1962 $472 - $409 -
1961 $449 - $395 -
1960 $428 - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/suriname | CC BY

Singapore's GDP per capita is $90,674, ranking 7/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Singapore ranks 2nd at $150,689, while Suriname ranks 89th at $21,801.

Economic indicators

Singapore Suriname
Gross domestic product
$547B
2024
$4.42B
2024
GDP rank
28/197
2024
164/197
2024
GDP growth
4.39%
2023-2024
1.72%
2023-2024
GDP per capita
$90,674
2024
$6,962
2024
GDP per capita rank
7/197
2024
102/197
2024
GDP per capita, PPP
$150,689
2024
$21,801
2024
GDP per capita PPP rank
2/197
2024
89/197
2024
Government debt
$950B
2024
$3.86B
2024
Debt-to-GDP ratio
173.5%
2024
87.3%
2024
Government debt per person
$157,326
2024
$6,077
2024
Government debt per person rank
1/185
2024
74/185
2024
Average annual personal income after taxes
$52,793
2026
$3,263
2026
Market capitalization of domestic companies
$638B
2024
n/a
Number of millionaires
331,000
2025
n/a
Number of billionaires
49
2025
n/a
Income share by richest 10% n/a
30.1%
2022
Income share by poorest 10% n/a
2.2%
2022
Government expenditure, % of GDP
14.6%
2024
29.2%
2024
Consumer prices inflation
2.39%
2023-2024
16.2%
2023-2024
Central bank interest rate n/a
10%
2013
Unemployment rate
2.74%
2024
7.92%
2016
Population
6125852
646767

Spending and national debt comparison by year

Singapore
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Singapore Suriname
Government spending Government debt Government spending Government debt
2024 14.6% 173.5% 29.2% 87.3%
2023 14.8% 172.8% 29% 98.2%
2022 15% 154.3% 29.5% 116.9%
2021 15.6% 141.7% 32% 115.8%
2020 24.1% 148.2% 30.2% 146.4%
2019 14% 127.9% 40.5% 84%
2018 13.9% 109.4% 29.5% 68.6%
2017 13.6% 107.6% 28.7% 73%
2016 15.3% 106.3% 27.9% 75.4%
2015 14.4% 102.2% 29.9% 41.2%
2014 12.6% 97.7% 25.2% 25.2%
2013 10.9% 98.2% 26.2% 27.9%
2012 9.83% 106.7% 25.1% 20.1%
2011 9.66% 103.1% 21% 18.7%
2010 10.2% 98.7% 21% 17.3%
2009 15.9% 101.7% 24% 14.6%
2008 14% 97.9% 20.5% 14.8%
2007 9.01% 87.8% 22.6% 16.4%
2006 12.3% 86.5% 22.2% 22.5%
2005 12.4% 92.7% 22.2% 27.1%
2004 14.1% 95.7% 20.8% 29.4%
2003 15.6% 99.1% 19.2% 31.5%
2002 15.9% 96.3% 22.2% 37.4%
2001 18.2% 94.5% 21.8% 37.2%
2000 16.1% 82.3% 24.4% 48.4%
1999 15.9% 85.3% 19.6% 32.3%
1998 18.1% 84.6% 30.3% 21.6%
1997 14.5% 70.8% 21.1% 16.8%
1996 18.1% 71.3% 21.4% 11.8%
1995 13.8% 69.8% 20.2% 16.3%
1994 11.7% 70.7% 19.8% 30.5%
1993 14.5% 71.2% 21.2% 51.1%
1992 14.5% 79% 24.4% 64.4%
1991 15.9% 76.4% 26.6% 75.7%
1990 15.1% 73.5% 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/singapore/suriname | CC BY

In 2024, Singapore's government spending was $79.7B, accounting for 14.6% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 173.5% in Singapore and 87.3% in Suriname, ranking 4/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Singapore

Suriname
1x
Year Deficit/surplus, % of GDP
Singapore Suriname
2024 4.44% -2.42%
2023 3.47% -1.68%
2022 1.21% -2.69%
2021 1.13% -5.66%
2020 -6.73% -12%
2019 3.77% -20.2%
2018 3.68% -8.56%
2017 5.24% -8.62%
2016 3.25% -10.2%
2015 2.86% -8.29%
2014 4.6% -2.65%
2013 5.96% -2.64%
2012 7.34% -0.38%
2011 7.96% 2.32%
2010 5.68% -0.15%
2009 -0.09% 2.03%
2008 3.59% 2.39%
2007 7.12% 5.01%
2006 2.16% 0.59%
2005 2.56% -3.39%
2004 2.06% -1.2%
2003 0.68% -0.11%
2002 2.23% -3.3%
2001 1.2% 3.49%
2000 4.59% -7.76%
1999 5.2% -4.92%
1998 2.41% -6.39%
1997 5.66% -0.32%
1996 1.98% 3.42%
1995 4.8% 1.17%
1994 7.9% -1.89%
1993 4.36% -4.68%
1992 2.7% -6.45%
1991 0.68% -9.8%
1990 1.97% -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/singapore/suriname | CC BY

In 2024, Singapore's government surplus, the difference between spending and revenue, was $24.3B, equivalent to 4.44% of GDP. This compares to Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 35 years, Singapore recorded a fiscal deficit in 2 of those years, while Suriname ran a deficit in 27 years. On average, Singapore posted an annual surplus equal to 3.36% of GDP, compared to deficit of 3.4% of GDP for Suriname.

Inflation comparison by year

Inflation
Singapore

Suriname
1x
Year Consumer prices inflation
Singapore Suriname
2024 2.39% 16.2%
2023 4.83% 51.6%
2022 6.13% 52.4%
2021 2.32% 59.1%
2020 -0.17% 34.9%
2019 0.57% -
2018 0.44% -
2017 0.58% 22%
2016 -0.53% 55.4%
2015 -0.52% 6.89%
2014 1.03% 3.38%
2013 2.36% 1.92%
2012 4.58% 5.01%
2011 5.25% 17.7%
2010 2.83% 6.94%
2009 0.59% -0.13%
2008 6.64% 14.7%
2007 2.11% 6.43%
2006 0.97% 11.3%
2005 0.43% 9.9%
2004 1.66% 9.99%
2003 0.51% 23%
2002 -0.39% 15.5%
2001 1% 38.6%
2000 1.36% 59.4%
1999 0.02% 98.8%
1998 -0.27% 19%
1997 2% 7.15%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/singapore/suriname | CC BY

Over the past 28 years, Singapore has recorded an average annual inflation rate of 1.74%, compared with 24.9% in Suriname. In 2024, inflation was 2.39% in Singapore and 16.2% in Suriname.

Top exports between countries

Singapore
Export category Export value
Machinery & equipment $9.15M
Processed food, beverages & tobacco $2.02M
Chemicals & pharma $529K
Raw materials & minerals $138K
Raw agricultural goods $42K
Textiles & consumer goods $28K
Miscellaneous $19K
Metals $4K
Wood & paper products $2K
Suriname
Export category Export value
Wood & paper products $1.35M
Processed food, beverages & tobacco $1.07M
Raw materials & minerals $474K
Machinery & equipment $110K
Metals $65K
Animal & marine products $37K
Raw agricultural goods $29K
Chemicals & pharma $18K

Balance of trade

Singapore Suriname
Current account balance
$96B
2024
$9.31M
2024
Current account balance ranking
8/190
2024
76/190
2024
Current account balance, % of GDP
+17.5%
2024
+0.21%
2024
Goods imports
$435B
2024
$1.65B
2024
Goods exports
$583B
2024
$2.58B
2024
Service imports
$351B
2024
$921M
2024
Service exports
$396B
2024
$211M
2024
Imports of goods and services, % of GDP
143.6%
2024
38.4%
2010
Exports of goods and services, % of GDP
178.8%
2024
52.5%
2010

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Singapore Suriname
Economic freedom 84.4 53
Economic freedom ranking 1/197 143/197
Property rights 89.2 40.5
Government integrity 86.1 41
Judicial effectiveness 58.3 46.5
Tax burden 89.5 69.1
Government spending 93.4 74.3
Fiscal health 80 76.6
Business freedom 90.6 56.9
Labor freedom 77 69
Monetary freedom 83.5 56.4
Trade freedom 95 65.2
Investment freedom 90 20
Financial freedom 80 20

Economic freedom comparison by year

Singapore
Suriname
1x
Year Economic freedom index
Singapore Suriname
2026 84.4 53
2025 84.1 50.9
2024 83.5 46.7
2023 83.9 46.1
2022 84.4 48.1
2021 89.7 46.4
2020 89.4 49.5
2019 89.4 48.1
2018 88.8 48.1
2017 88.6 48
2016 87.8 53.8
2015 89.4 54.2
2014 89.4 54.2
2013 88 52
2012 87.5 52.6
2011 87.2 53.1
2010 86.1 52.5
2009 87.1 54.1
2008 87.3 54.3
2007 87.1 54.8
2006 88 55.1
2005 88.6 51.9
2004 88.9 47.9
2003 88.2 46.9
2002 87.4 48
2001 87.8 44.3
2000 87.7 45.8
1999 86.9 40.1
1998 87 39.9
1997 87.3 35.9
1996 86.5 36.7
1995 86.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/singapore/suriname | CC BY

The Economic Freedom Index for Singapore is 84.4, ranking 1/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Singapore Suriname
Services, % of GDP
73%
2024
50.8%
2024
Industry, % of GDP
21.4%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.03%
2024
6.77%
2024
GNI, Atlas method
$451B
2024
$3.61B
2024
GNI per capita, PPP
$126,190
2024
$20,000
2024
Total reserves including gold
$384B
2024
$1.63B
2024
Total reserves ranking
9/177
2024
132/177
2024
Net foreign direct investment
-$96.7B
2024
$26.5M
2024
Net inflows of foreign direct investment
$152B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$55.3B
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI n/a
20.5%
2023
Poverty at national poverty lines n/a
70%
2020
Gross capital formation, % of GDP
22.2%
2024
36.2%
2010

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/singapore/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.