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Economy of Suriname vs Taiwan compared: GDP & Debt

Updated on by Georank team

Suriname has a GDP of $4.71B compared to $797B for Taiwan, ranking 164/197 and 22/197 by economy size, respectively.

Suriname has $4.11B in government debt (86.6% of GDP), compared to $209B (24% of GDP) in Taiwan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Suriname
GDP, current $

GDP, constant 2015 $
Taiwan
GDP, current $

GDP, constant 2015 $
Year GDP
Suriname Taiwan
Current $ Constant $ Current $ Constant $
1960 $99,650,000 $1,039,858,389 - -
1961 $107,700,000 $1,089,771,592 $1,778,000,000 $8,679,929,611
1962 $116,150,000 $1,132,272,684 $1,960,000,000 $9,454,346,748
1963 $125,950,000 $1,195,679,954 $2,218,000,000 $10,464,907,675
1964 $134,400,000 $1,273,399,151 $2,592,000,000 $11,793,964,384
1965 $154,150,000 $1,426,207,049 $2,869,000,000 $13,190,336,174
1966 $190,350,000 $1,700,038,803 $3,207,000,000 $14,463,525,312
1967 $220,700,000 $1,905,743,498 $3,709,000,000 $16,077,852,678
1968 $241,350,000 $2,050,580,004 $4,325,000,000 $17,637,862,239
1969 $259,650,000 $2,142,856,104 $5,017,000,000 $19,323,708,846
1970 $274,900,000 $2,200,713,219 $5,785,000,000 $21,555,007,674
1971 $301,000,000 $2,286,541,034 $6,727,000,000 $24,445,797,153
1972 $311,950,000 $2,272,821,788 $8,063,000,000 $27,842,009,247
1973 $339,450,000 $2,231,910,996 $10,940,000,000 $32,847,062,458
1974 $409,850,000 $2,240,838,640 $14,739,000,000 $33,945,846,774
1975 $465,500,000 $2,303,582,122 $15,836,000,000 $36,044,903,890
1976 $505,500,000 $2,506,297,349 $18,988,000,000 $41,191,572,828
1977 $641,500,000 $2,761,939,678 $22,252,000,000 $45,893,568,392
1978 $735,500,000 $2,944,227,697 $27,373,000,000 $53,597,868,524
1979 $782,500,000 $2,926,562,331 $33,875,000,000 $59,870,085,548
1980 $795,000,000 $2,669,024,846 $42,292,000,000 $64,680,315,014
1981 $889,000,000 $2,858,525,610 $49,047,000,000 $67,783,428,692
1982 $915,000,000 $2,738,467,534 $49,540,000,000 $66,810,194,447
1983 $883,500,000 $2,631,667,300 $54,155,000,000 $71,137,046,806
1984 $864,000,000 $2,581,665,621 $61,036,000,000 $79,147,911,326
1985 $873,000,000 $2,633,298,934 $63,599,000,000 $82,460,447,325
1986 $891,000,000 $2,654,365,325 $78,347,000,000 $96,836,732,438
1987 $980,000,000 $2,489,794,675 $104,956,000,000 $129,675,882,423
1988 $1,161,000,000 $2,683,998,660 $126,378,000,000 $156,044,046,292
1989 $542,600,000 $2,796,726,603 $152,687,000,000 $183,784,649,810
1990 $388,400,000 $2,670,873,906 $166,392,000,000 $190,504,223,552
1991 $448,100,000 $2,742,987,479 $187,100,000,000 $206,988,834,464
1992 $404,600,000 $2,753,959,429 $222,947,000,000 $238,968,470,019
1993 $428,764,706 $2,569,444,198 $234,943,000,000 $243,364,255,376
1994 $605,492,537 $2,656,805,273 $256,213,000,000 $260,942,755,411
1995 $691,590,498 $2,656,805,273 $279,013,000,000 $277,583,630,009
1996 $861,372,806 $2,683,373,358 $292,473,000,000 $284,304,017,330
1997 $926,422,500 $2,836,325,577 $303,315,000,000 $288,489,435,863
1998 $1,110,850,000 $2,901,561,112 $279,926,000,000 $257,858,026,837
1999 $886,290,698 $2,860,939,243 $303,827,000,000 $285,370,494,339
2000 $947,671,970 $2,921,018,935 $330,725,000,000 $313,484,942,307
2001 $834,279,358 $3,043,701,742 $299,303,000,000 $285,512,538,534
2002 $1,093,574,468 $3,128,925,412 $307,429,000,000 $294,450,146,922
2003 $1,274,190,311 $3,326,047,695 $317,374,000,000 $308,324,316,262
2004 $1,484,092,538 $3,608,761,755 $346,881,000,000 $339,503,528,904
2005 $1,793,410,397 $3,771,156,042 $374,042,000,000 $371,706,869,424
2006 $2,626,380,435 $3,989,639,611 $386,492,000,000 $388,895,059,066
2007 $2,936,612,022 $4,193,569,552 $406,940,000,000 $411,645,733,929
2008 $3,532,969,035 $4,367,326,198 $415,824,000,000 $432,019,156,870
2009 $3,875,409,836 $4,498,944,264 $390,788,000,000 $405,487,441,747
2010 $4,368,370,998 $4,731,486,826 $444,245,000,000 $466,993,498,994
2011 $4,422,276,622 $5,008,248,887 $483,957,000,000 $519,940,525,565
2012 $4,980,000,000 $5,142,988,298 $495,536,000,000 $528,811,359,505
2013 $5,145,757,576 $5,293,854,859 $512,957,000,000 $539,165,671,117
2014 $5,240,606,061 $5,307,380,819 $535,332,000,000 $553,457,593,678
2015 $5,126,237,646 $5,126,237,646 $534,474,000,000 $534,474,000,000
2016 $3,317,421,648 $4,874,454,256 $543,002,000,000 $538,950,160,299
2017 $3,591,679,431 $4,950,790,054 $591,734,000,000 $593,383,986,358
2018 $3,996,198,867 $5,195,768,566 $610,744,000,000 $616,265,638,561
2019 $4,016,040,575 $5,256,433,829 $613,453,000,000 $619,320,922,242
2020 $2,911,807,496 $4,416,708,447 $676,935,000,000 $669,693,209,528
2021 $3,107,923,198 $4,309,144,555 $777,062,000,000 $754,527,202,297
2022 $3,791,603,200 $4,412,832,155 $765,529,000,000 $728,253,805,256
2023 $3,455,146,281 $4,524,898,973 $757,276,000,000 $704,527,158,972
2024 $4,714,267,822 $4,653,387,372 $796,904,000,000 $716,608,430,916

Economic indicators

Suriname Taiwan
Gross domestic product
$4.71B
2024
$797B
2024
GDP rank
164/197
2024
22/197
2024
GDP growth
36.4%
2023-2024
5.23%
2023-2024
GDP per capita
$7,431
2024
$34,041
2024
GDP per capita rank
101/197
2024
34/197
2024
GDP per capita, PPP
$22,067
2024
$50,500
2017
Government debt
$4.11B
2024
$209B
2024
Debt-to-GDP ratio
86.6%
2025
24%
2025
Government debt per person
$6,481
2024
$8,907
2024
Government debt per person rank
71/185
2024
61/185
2024
Average annual personal income after taxes
$3,252
2025
$17,771
2025
Number of millionaires n/a
788,799
2024
Number of billionaires n/a
54
2025
Income share by richest 10%
30.1%
2022
n/a
Income share by poorest 10%
2.2%
2022
n/a
Government expenditure, % of GDP
29.2%
2025
15.9%
2024
Consumer prices inflation
16.2%
2023-2024
1.7%
2024-2025
Central bank interest rate
10%
2013
2%
2024
Unemployment rate
7.92%
2016
3.38%
2024
Population
644193
23308308

GDP per capita in Suriname vs Taiwan

Suriname's GDP per capita is $7,431, ranking 101/197, compared to $34,041 in Taiwan, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Suriname ranks 87th at $22,067, while Taiwan ranks 43rd at $50,500.

Suriname
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
Year Current $
Suriname Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $378 - - -
1961 $395 - $161.2 -
1962 $409 - $172 -
1963 $424 - $188.6 -
1964 $435 - $213.6 -
1965 $482 - $229.3 -
1966 $575 - $249.1 -
1967 $644 - $280.8 -
1968 $681 - $319 -
1969 $708 - $357 -
1970 $724 - $397 -
1971 $768 - $451 -
1972 $785 - $530 -
1973 $858 - $706 -
1974 $1,041 - $934 -
1975 $1,190 - $985 -
1976 $1,302 - $1,158 -
1977 $1,666 - $1,330 -
1978 $1,928 - $1,606 -
1979 $2,072 - $1,950 -
1980 $2,118 - $2,389 -
1981 $2,368 - $2,720 -
1982 $2,430 - $2,699 -
1983 $2,333 - $2,903 -
1984 $2,261 - $3,224 -
1985 $2,256 - $3,314 -
1986 $2,271 - $4,036 -
1987 $2,469 - $5,350 -
1988 $2,886 - $6,370 -
1989 $1,329 - $7,613 -
1990 $942 $6,493 $8,205 -
1991 $1,080 $6,852 $9,125 -
1992 $969 $6,992 $10,768 -
1993 $1,022 $6,650 $11,242 -
1994 $1,434 $6,973 $12,150 -
1995 $1,610 $7,000 $13,119 -
1996 $1,963 $7,048 $13,641 -
1997 $2,068 $7,422 $14,020 -
1998 $2,429 $7,521 $12,820 -
1999 $1,898 $7,367 $13,804 $16,100
2000 $1,988 $7,535 $14,908 $17,400
2001 $1,715 $7,865 $13,397 $17,200
2002 $2,202 $8,046 $13,686 $18,000
2003 $2,516 $8,552 $14,066 $23,400
2004 $2,888 $9,389 $15,317 $25,300
2005 $3,453 $10,014 $16,456 $27,500
2006 $5,003 $10,803 $16,934 $29,500
2007 $5,530 $11,530 $17,757 $30,100
2008 $6,576 $12,097 $18,081 $31,100
2009 $7,130 $12,393 $16,933 $32,000
2010 $7,944 $13,039 $19,197 $35,700
2011 $7,950 $13,926 $20,866 $38,200
2012 $8,851 $15,185 $21,295 $39,400
2013 $9,043 $16,173 $21,973 $39,600
2014 $9,108 $16,598 $22,874 -
2015 $8,814 $16,544 $22,780 $46,800
2016 $5,644 $14,475 $23,091 -
2017 $6,050 $17,568 $25,121 $50,500
2018 $6,666 $17,855 $25,901 -
2019 $6,630 $19,772 $25,998 -
2020 $4,755 $16,947 $28,705 -
2021 $5,030 $18,458 $33,111 -
2022 $6,084 $20,079 $32,827 -
2023 $5,494 $21,136 $32,442 -
2024 $7,431 $22,067 $34,041 -

Spending and national debt comparison

In 2024, Suriname's government spending was $1.38B, accounting for 29.2% of its GDP, while Taiwan's spent $127B, or 15.9% of GDP.

Debt-to-GDP ratio is 86.6% in Suriname and 24% in Taiwan, ranking 37/185 and 170/185, respectively.

Suriname
Government spending

Government debt
Taiwan
Government spending

Government debt
Year % of GDP
Suriname Taiwan
Government spending Government debt Government spending Government debt
1976 - - 21.4% -
1977 - - 18.3% -
1978 - - 14.9% -
1979 - - 12% -
1980 - - 9.63% -
1981 - - 23.6% -
1982 - - 23.3% -
1983 - - 21.3% -
1984 - - 18.9% -
1985 - - 18.2% -
1986 - - 14.8% -
1987 - - 11% -
1988 - - 9.14% -
1989 - - 7.57% -
1990 22.7% 72.9% 6.95% -
1991 26.6% 75.7% 25.4% -
1992 24.4% 64.4% 21.3% -
1993 21.2% 51.1% 20.3% -
1994 19.8% 30.5% 18.6% -
1995 20.2% 16.3% 17.1% -
1996 21.4% 11.8% 16.3% -
1997 21.1% 16.8% 15.7% 25%
1998 30.3% 21.6% 17% 23.7%
1999 19.6% 32.3% 15.7% 23.7%
2000 24.4% 48.4% 14.4% 26.2%
2001 21.8% 37.2% 22.5% 30.1%
2002 22.2% 37.4% 21.9% 29.8%
2003 19.2% 31.5% 21.2% 32.1%
2004 20.8% 29.4% 19.4% 33.4%
2005 22.2% 27.1% 18% 34.1%
2006 22.2% 22.5% 17.4% 33.3%
2007 22.6% 16.4% 16.5% 32.2%
2008 20.5% 14.8% 16.2% 33.4%
2009 24% 14.6% 17.2% 36.7%
2010 21% 17.3% 15.1% 36.9%
2011 21% 18.7% 18.3% 38.3%
2012 26.7% 20.1% 17.9% 39.2%
2013 26.9% 27.9% 17.3% 38.9%
2014 27.2% 25.2% 16.6% 37.5%
2015 29.1% 41.2% 15.5% 35.9%
2016 27.1% 75.4% 15.6% 35.4%
2017 27.2% 73% 15.4% 34.5%
2018 26.2% 68.6% 15.4% 33.8%
2019 40.5% 84% 15.3% 32.6%
2020 30.2% 146.4% 16.2% 32%
2021 32.1% 115.8% 15.4% 30.1%
2022 29.5% 116.9% 16% 29.5%
2023 29% 98.2% 17.1% 29%
2024 29.2% 87.2% 15.9% 26.2%
2025 29.2% 86.6% - 24%

Government deficit by year

In 2024, Suriname's government deficit, the difference between spending and revenue, was -$115M, equivalent to -2.43% of GDP. This compares to Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 35 years, Suriname recorded a fiscal deficit in 27 of those years, while Taiwan ran a deficit in 30 years. On average, Suriname posted an annual deficit equal to -3.34% of GDP, compared to deficit of -2.07% of GDP for Taiwan.

Deficit/surplus
Suriname

Taiwan
Year Deficit/surplus, % of GDP
Suriname Taiwan
1976 - 1.39%
1977 - 1.19%
1978 - 0.97%
1979 - 0.78%
1980 - 0.63%
1981 - -0.78%
1982 - -0.77%
1983 - -0.7%
1984 - -0.62%
1985 - -0.6%
1986 - -0.49%
1987 - -0.36%
1988 - -0.3%
1989 - -0.25%
1990 -3.04% -0.23%
1991 -9.8% -4.5%
1992 -6.45% -3.78%
1993 -4.68% -3.58%
1994 -1.89% -3.29%
1995 1.17% -3.02%
1996 3.42% -2.88%
1997 -0.32% -2.78%
1998 -6.39% -3.01%
1999 -4.92% -2.77%
2000 -7.76% -2.55%
2001 3.49% -3.71%
2002 -3.3% -3.61%
2003 -0.11% -3.49%
2004 -1.2% -3.2%
2005 -3.39% -2.97%
2006 0.59% -2.87%
2007 5.01% -2.73%
2008 2.39% -2.67%
2009 2.03% -2.84%
2010 -0.15% -2.5%
2011 2.32% -2.15%
2012 -1.97% -2.1%
2013 -3.33% -2.03%
2014 -4.69% -1.94%
2015 -7.55% 0.1%
2016 -9.34% -0.31%
2017 -7.08% -0.14%
2018 -5.25% 0.02%
2019 -20.2% 0.11%
2020 -12% -1.03%
2021 -5.69% -0.18%
2022 -2.69% 0.17%
2023 -1.68% -0.61%
2024 -2.43% 0.43%
2025 -1.18% -

Inflation comparison by year

Over the past 29 years, Suriname has recorded an average annual inflation rate of 23.9%, compared with 1.2% in Taiwan. In 2024, inflation was 16.2% in Suriname and 1.7% in Taiwan.

Inflation
Suriname

Taiwan
Year Inflation
Suriname Taiwan Suriname Taiwan
1996 -0.7% 3.1%
1997 7.15% 0.9%
1998 19% 1.7%
1999 98.8% 0.2%
2000 59.4% 1.2%
2001 38.6% 0%
2002 15.5% -0.2%
2003 23% -0.3%
2004 9.99% 1.6%
2005 9.9% 2.3%
2006 11.3% 0.6%
2007 6.43% 1.8%
2008 14.7% 3.5%
2009 -0.13% -0.9%
2010 6.94% 1%
2011 17.7% 1.4%
2012 5.01% 1.9%
2013 1.92% 0.8%
2014 3.38% 1.2%
2015 6.89% -0.3%
2016 55.4% 1.4%
2017 22% 0.6%
2018 - 1.4%
2019 - 0.6%
2020 34.9% -0.2%
2021 59.1% 2%
2022 52.4% 2.9%
2023 51.6% 2.5%
2024 16.2% 2.2%
2025 - 1.7%

Balance of trade

Suriname Taiwan
Current account balance
$9.31M
2024
$113B
2024
Current account balance ranking
72/189
2024
4/189
2024
Current account balance, % of GDP
+0.2%
2024
+14.1%
2024
Goods imports
$1.65B
2024
n/a
Goods exports
$2.58B
2024
n/a
Service imports
$921M
2024
n/a
Service exports
$211M
2024
n/a
Imports of goods and services, % of GDP
38.4%
2010
50.2%
2024
Exports of goods and services, % of GDP
52.5%
2010
63.3%
2024

Economic freedom indices

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

Suriname Taiwan
Economic freedom 50.9 79.7
Economic freedom ranking 161/197 5/197
Property rights 42.1 83
Government integrity 39.7 73.3
Judicial effectiveness 43.1 94.4
Tax burden 69.1 79
Government spending 74 90.1
Fiscal health 66.1 91.3
Business freedom 57.6 79.6
Labor freedom 69 69
Monetary freedom 44.1 79.9
Trade freedom 65.4 86.6
Investment freedom 20 70
Financial freedom 20 60

Economic freedom by year comparison

The Economic Freedom Index for Suriname is 50.9, ranking 161/197, compared to 79.7 for Taiwan, ranking 5/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Suriname
Taiwan
Year Economic freedom index
Suriname Taiwan
1995 - 74.2
1996 36.7 74.1
1997 35.9 70
1998 39.9 70.4
1999 40.1 71.5
2000 45.8 72.5
2001 44.3 72.8
2002 48 71.3
2003 46.9 71.7
2004 47.9 69.6
2005 51.9 71.3
2006 55.1 69.7
2007 54.8 69.4
2008 54.3 70.3
2009 54.1 69.5
2010 52.5 70.4
2011 53.1 70.8
2012 52.6 71.9
2013 52 72.7
2014 54.2 73.9
2015 54.2 75.1
2016 53.8 74.7
2017 48 76.5
2018 48.1 76.6
2019 48.1 77.3
2020 49.5 77.1
2021 46.4 78.6
2022 48.1 80.1
2023 46.1 80.7
2024 46.7 80
2025 50.9 79.7

More economic indicators

Suriname Taiwan
Services, % of GDP
48.3%
2023
58.8%
2024
Industry, % of GDP
39.9%
2023
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
7.47%
2023
1.47%
2024
GNI, Atlas method
$3.72B
2024
$825B
2024
GNI per capita, PPP
$20,350
2024
n/a
Total reserves including gold
$1.63B
2024
n/a
Total reserves ranking
132/177
2024
n/a
Net foreign direct investment
$26.5M
2024
n/a
Net inflows of foreign direct investment
-$37.6M
2024
n/a
Net outflows of foreign direct investment
-$11.1M
2024
n/a
Servicing debt to the IMF, % of GNI
20.6%
2023
n/a
Poverty at national poverty lines
70%
2020
1.5%
2020
Gross capital formation, % of GDP
36.2%
2010
26.7%
2024

GDP per capita map

GDP per capita

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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.