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Economy of Suriname vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Suriname has a GDP of $4.71B compared to $26.4B for Trinidad and Tobago, ranking 164/197 and 114/197 by economy size, respectively.

Suriname has $4.11B in government debt (86.6% of GDP), compared to $17B (67.2% of GDP) in Trinidad and Tobago.

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 $
Trinidad and Tobago
GDP, current $

GDP, constant 2015 $
Year GDP
Suriname Trinidad
Current $ Constant $ Current $ Constant $
1960 $99,650,000 $1,039,858,389 $535,673,252 $3,630,222,802
1961 $107,700,000 $1,089,771,592 $584,964,621 $4,139,799,750
1962 $116,150,000 $1,132,272,684 $619,322,810 $4,253,332,232
1963 $125,950,000 $1,195,679,954 $678,239,329 $4,491,714,373
1964 $134,400,000 $1,273,399,151 $711,897,520 $4,834,454,628
1965 $154,150,000 $1,426,207,049 $736,573,159 $4,867,998,505
1966 $190,350,000 $1,700,038,803 $723,739,857 $5,065,484,518
1967 $220,700,000 $1,905,743,498 $761,981,912 $5,168,947,937
1968 $241,350,000 $2,050,580,004 $758,899,950 $5,438,515,892
1969 $259,650,000 $2,142,856,104 $779,200,000 $5,587,024,608
1970 $274,900,000 $2,200,713,219 $821,850,000 $5,784,449,703
1971 $301,000,000 $2,286,541,034 $896,765,215 $5,844,627,406
1972 $311,950,000 $2,272,821,788 $1,083,391,758 $6,182,467,140
1973 $339,450,000 $2,231,910,996 $1,308,785,431 $6,284,874,810
1974 $409,850,000 $2,240,838,640 $2,042,001,071 $6,524,177,955
1975 $465,500,000 $2,303,582,122 $2,442,669,825 $6,620,603,046
1976 $505,500,000 $2,506,297,349 $2,500,424,955 $7,044,662,296
1977 $641,500,000 $2,761,939,678 $3,138,666,667 $7,687,261,624
1978 $735,500,000 $2,944,227,697 $3,562,333,458 $8,457,254,686
1979 $782,500,000 $2,926,562,331 $4,602,416,625 $8,761,662,363
1980 $795,000,000 $2,669,024,846 $6,235,833,333 $9,672,070,064
1981 $889,000,000 $2,858,525,610 $6,992,083,333 $10,114,780,883
1982 $915,000,000 $2,738,467,534 $8,140,416,667 $10,499,073,581
1983 $883,500,000 $2,631,667,300 $7,763,750,000 $9,417,634,514
1984 $864,000,000 $2,581,665,621 $7,757,083,333 $8,876,035,190
1985 $873,000,000 $2,633,298,934 $7,375,918,367 $8,510,394,061
1986 $891,000,000 $2,654,365,325 $4,794,444,444 $8,231,324,363
1987 $980,000,000 $2,489,794,675 $4,797,777,778 $7,855,829,575
1988 $1,161,000,000 $2,683,998,660 $4,496,910,569 $7,547,902,734
1989 $542,600,000 $2,796,726,603 $4,323,058,824 $7,485,261,616
1990 $388,400,000 $2,670,873,906 $5,068,000,000 $7,598,226,778
1991 $448,100,000 $2,742,987,479 $5,307,905,882 $7,834,714,586
1992 $404,600,000 $2,753,959,429 $5,439,552,941 $8,625,470,724
1993 $428,764,706 $2,569,444,198 $4,669,491,134 $8,567,756,425
1994 $605,492,537 $2,656,805,273 $4,947,181,646 $8,873,383,771
1995 $691,590,498 $2,656,805,273 $5,329,217,747 $9,211,451,985
1996 $861,372,806 $2,683,373,358 $5,759,570,336 $9,868,640,951
1997 $926,422,500 $2,836,325,577 $5,737,771,523 $10,611,044,464
1998 $1,110,850,000 $2,901,561,112 $6,043,686,654 $11,473,145,562
1999 $886,290,698 $2,860,939,243 $6,808,982,521 $12,393,844,571
2000 $947,671,970 $2,921,018,935 $8,154,342,116 $13,249,188,352
2001 $834,279,358 $3,043,701,742 $8,824,849,191 $13,801,483,946
2002 $1,093,574,468 $3,128,925,412 $9,008,298,229 $14,896,867,659
2003 $1,274,190,311 $3,326,047,695 $11,305,459,802 $17,048,122,760
2004 $1,484,092,538 $3,608,761,755 $13,280,291,990 $18,403,457,301
2005 $1,793,410,397 $3,771,156,042 $15,982,389,018 $19,546,116,532
2006 $2,626,380,435 $3,989,639,611 $18,369,361,094 $22,127,779,059
2007 $2,936,612,022 $4,193,569,552 $21,641,620,050 $23,179,780,078
2008 $3,532,969,035 $4,367,326,198 $27,871,587,350 $23,965,977,273
2009 $3,875,409,836 $4,498,944,264 $19,172,165,226 $22,913,456,440
2010 $4,368,370,998 $4,731,486,826 $22,157,920,592 $23,674,922,086
2011 $4,422,276,622 $5,008,248,887 $25,433,007,437 $23,605,233,909
2012 $4,980,000,000 $5,142,988,298 $27,147,349,937 $25,189,164,853
2013 $5,145,757,576 $5,293,854,859 $28,560,536,917 $26,031,643,292
2014 $5,240,606,061 $5,307,380,819 $29,474,180,442 $26,993,607,567
2015 $5,126,237,646 $5,126,237,646 $26,841,143,095 $26,841,143,095
2016 $3,317,421,648 $4,874,454,256 $23,624,333,664 $24,853,971,610
2017 $3,591,679,431 $4,950,790,054 $23,847,765,529 $23,656,360,891
2018 $3,996,198,867 $5,195,768,566 $23,888,910,152 $23,423,221,520
2019 $4,016,040,575 $5,256,433,829 $23,588,037,787 $23,533,735,415
2020 $2,911,807,496 $4,416,708,447 $20,991,339,707 $21,438,575,322
2021 $3,107,923,198 $4,309,144,555 $24,177,305,760 $21,243,057,044
2022 $3,791,603,200 $4,412,832,155 $28,510,328,245 $21,472,954,153
2023 $3,455,146,281 $4,524,898,973 $25,489,373,405 $21,779,397,559
2024 $4,714,267,822 $4,653,387,372 $26,428,963,758 $22,138,889,024

Economic indicators

Suriname Trinidad
Gross domestic product
$4.71B
2024
$26.4B
2024
GDP rank
164/197
2024
114/197
2024
GDP growth
36.4%
2023-2024
3.69%
2023-2024
GDP per capita
$7,431
2024
$19,315
2024
GDP per capita rank
101/197
2024
60/197
2024
GDP per capita, PPP
$22,067
2024
$36,021
2024
Government debt
$4.11B
2024
$17B
2024
Debt-to-GDP ratio
86.6%
2025
67.2%
2025
Government debt per person
$6,481
2024
$12,454
2024
Government debt per person rank
71/185
2024
45/185
2024
Average annual personal income after taxes
$3,252
2025
$11,432
2025
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
30.1%
2022
29.9%
1992
Income share by poorest 10%
2.2%
2022
2.1%
1992
Government expenditure, % of GDP
29.2%
2025
32.4%
2025
Consumer prices inflation
16.2%
2023-2024
0.53%
2023-2024
Central bank interest rate
10%
2013
3.5%
2020
Unemployment rate
7.92%
2016
3.36%
2023
Population
644193
1372940

GDP per capita in Suriname vs Trinidad and Tobago

Suriname's GDP per capita is $7,431, ranking 101/197, compared to $19,315 in Trinidad and Tobago, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Suriname ranks 87th at $22,067, while Trinidad and Tobago ranks 62nd at $36,021.

Suriname
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
Year Current $
Suriname Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $378 - $634 -
1961 $395 - $678 -
1962 $409 - $704 -
1963 $424 - $756 -
1964 $435 - $780 -
1965 $482 - $793 -
1966 $575 - $768 -
1967 $644 - $797 -
1968 $681 - $783 -
1969 $708 - $795 -
1970 $724 - $829 -
1971 $768 - $894 -
1972 $785 - $1,067 -
1973 $858 - $1,273 -
1974 $1,041 - $1,962 -
1975 $1,190 - $2,319 -
1976 $1,302 - $2,345 -
1977 $1,666 - $2,907 -
1978 $1,928 - $3,258 -
1979 $2,072 - $4,155 -
1980 $2,118 - $5,559 -
1981 $2,368 - $6,160 -
1982 $2,430 - $7,091 -
1983 $2,333 - $6,690 -
1984 $2,261 - $6,613 -
1985 $2,256 - $6,212 -
1986 $2,271 - $3,985 -
1987 $2,469 - $3,941 -
1988 $2,886 - $3,656 -
1989 $1,329 - $3,482 -
1990 $942 $6,493 $4,047 $6,878
1991 $1,080 $6,852 $4,205 $7,274
1992 $969 $6,992 $4,277 $8,129
1993 $1,022 $6,650 $3,647 $8,209
1994 $1,434 $6,973 $3,840 $8,631
1995 $1,610 $7,000 $4,115 $9,099
1996 $1,963 $7,048 $4,427 $9,883
1997 $2,068 $7,422 $4,394 $10,769
1998 $2,429 $7,521 $4,613 $11,735
1999 $1,898 $7,367 $5,179 $12,812
2000 $1,988 $7,535 $6,179 $13,953
2001 $1,715 $7,865 $6,657 $14,797
2002 $2,202 $8,046 $6,763 $16,141
2003 $2,516 $8,552 $8,445 $18,743
2004 $2,888 $9,389 $9,871 $20,674
2005 $3,453 $10,014 $12,346 $23,536
2006 $5,003 $10,803 $14,153 $27,393
2007 $5,530 $11,530 $16,607 $29,355
2008 $6,576 $12,097 $21,299 $30,807
2009 $7,130 $12,393 $14,634 $29,602
2010 $7,944 $13,039 $16,815 $30,778
2011 $7,950 $13,926 $19,151 $31,078
2012 $8,851 $15,185 $20,332 $31,883
2013 $9,043 $16,173 $21,305 $31,746
2014 $9,108 $16,598 $21,908 $32,027
2015 $8,814 $16,544 $19,887 $29,825
2016 $5,644 $14,475 $17,449 $28,232
2017 $6,050 $17,568 $17,579 $28,505
2018 $6,666 $17,855 $17,576 $28,680
2019 $6,630 $19,772 $17,293 $29,454
2020 $4,755 $16,947 $15,359 $26,863
2021 $5,030 $18,458 $17,679 $30,425
2022 $6,084 $20,079 $20,874 $32,989
2023 $5,494 $21,136 $18,639 $34,620
2024 $7,431 $22,067 $19,315 $36,021

Spending and national debt comparison

In 2024, Suriname's government spending was $1.38B, accounting for 29.2% of its GDP, while Trinidad and Tobago's spent $8.51B, or 32.4% of GDP.

Debt-to-GDP ratio is 86.6% in Suriname and 67.2% in Trinidad and Tobago, ranking 37/185 and 63/185, respectively.

Suriname
Government spending

Government debt
Trinidad and Tobago
Government spending

Government debt
Year % of GDP
Suriname Trinidad
Government spending Government debt Government spending Government debt
1988 - - 45.3% 65.3%
1989 - - 30.9% 51.9%
1990 22.7% 72.9% 26.9% 47.7%
1991 26.6% 75.7% 29.6% 49.5%
1992 24.4% 64.4% 28.6% 49.2%
1993 21.2% 51.1% 26.9% 58.8%
1994 19.8% 30.5% 25.4% 52.6%
1995 20.2% 16.3% 26.2% 50.1%
1996 21.4% 11.8% 27.6% 47%
1997 21.1% 16.8% 27.2% 46.1%
1998 30.3% 21.6% 26.9% 42.8%
1999 19.6% 32.3% 24.1% 42.2%
2000 24.4% 48.4% 23.1% 38.9%
2001 21.8% 37.2% 24.8% 36.6%
2002 22.2% 37.4% 24.4% 37%
2003 19.2% 31.5% 22.2% 30.2%
2004 20.8% 29.4% 22.5% 24.2%
2005 22.2% 27.1% 26.7% 19.8%
2006 22.2% 22.5% 31.6% 16.9%
2007 22.6% 16.4% 25.7% 16.2%
2008 20.5% 14.8% 26.7% 13.5%
2009 24% 14.6% 37% 20.7%
2010 21% 17.3% 30.4% 16.8%
2011 21% 18.7% 29.4% 26.4%
2012 26.7% 20.1% 29.5% 21.8%
2013 26.9% 27.9% 31.3% 21.6%
2014 27.2% 25.2% 32.8% 23.5%
2015 29.1% 41.2% 35% 27.1%
2016 27.1% 75.4% 31.9% 35.4%
2017 27.2% 73% 30.7% 39.8%
2018 26.2% 68.6% 30.2% 41.5%
2019 40.5% 84% 31% 46%
2020 30.2% 146.4% 36% 62.2%
2021 32.1% 115.8% 30.4% 58.5%
2022 29.5% 116.9% 27.1% 51%
2023 29% 98.2% 32.9% 61.1%
2024 29.2% 87.2% 32.2% 64.5%
2025 29.2% 86.6% 32.4% 67.2%

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 Trinidad and Tobago's deficit of -$1.57B, or -5.92% of GDP.

Over the past 35 years, Suriname recorded a fiscal deficit in 27 of those years, while Trinidad and Tobago ran a deficit in 22 years. On average, Suriname posted an annual deficit equal to -3.34% of GDP, compared to deficit of -1.96% of GDP for Trinidad and Tobago.

Deficit/surplus
Suriname

Trinidad and Tobago
Year Deficit/surplus, % of GDP
Suriname Trinidad
1988 - -9.34%
1989 - -4.46%
1990 -3.04% -1.27%
1991 -9.8% -0.21%
1992 -6.45% -2.74%
1993 -4.68% 0.23%
1994 -1.89% -0.02%
1995 1.17% 0.17%
1996 3.42% -0.45%
1997 -0.32% 0.11%
1998 -6.39% -1.8%
1999 -4.92% -0.88%
2000 -7.76% 0.17%
2001 3.49% 0.61%
2002 -3.3% -0.2%
2003 -0.11% 1.8%
2004 -1.2% 1.84%
2005 -3.39% 2.36%
2006 0.59% 1.56%
2007 5.01% 3.12%
2008 2.39% 5.39%
2009 2.03% -5.42%
2010 -0.15% 0.13%
2011 2.32% -0.67%
2012 -1.97% -1.26%
2013 -3.33% -2.67%
2014 -4.69% -4.31%
2015 -7.55% -7.56%
2016 -9.34% -10.1%
2017 -7.08% -10.4%
2018 -5.25% -5.89%
2019 -20.2% -3.72%
2020 -12% -12.1%
2021 -5.69% -8.1%
2022 -2.69% 0.92%
2023 -1.68% -1.19%
2024 -2.43% -5.92%
2025 -1.18% -3.39%

Inflation comparison by year

Over the past 29 years, Suriname has recorded an average annual inflation rate of 23.9%, compared with 4.83% in Trinidad and Tobago. In 2024, inflation was 16.2% in Suriname and 0.53% in Trinidad and Tobago.

Inflation
Suriname

Trinidad and Tobago
Year Inflation
Suriname Trinidad Suriname Trinidad
1996 -0.7% 3.4%
1997 7.15% 3.63%
1998 19% 5.61%
1999 98.8% 3.44%
2000 59.4% 3.56%
2001 38.6% 5.54%
2002 15.5% 4.15%
2003 23% 3.81%
2004 9.99% 3.72%
2005 9.9% 6.87%
2006 11.3% 8.33%
2007 6.43% 7.89%
2008 14.7% 12%
2009 -0.13% 6.98%
2010 6.94% 10.5%
2011 17.7% 5.11%
2012 5.01% 9.26%
2013 1.92% 5.2%
2014 3.38% 5.68%
2015 6.89% 4.66%
2016 55.4% 3.07%
2017 22% 1.88%
2018 - 1.02%
2019 - 1%
2020 34.9% 0.6%
2021 59.1% 2.06%
2022 52.4% 5.83%
2023 51.6% 4.63%
2024 16.2% 0.53%

Top exports between countries

Suriname
Export category Export value
Raw materials & minerals $14.4M
Machinery & equipment $9.5M
Processed food, beverages & tobacco $2.28M
Chemicals & pharma $1.37M
Metals $1.37M
Raw agricultural goods $1.04M
Textiles & consumer goods $570K
Wood & paper products $251K
Weapons & explosives $79K
Animal & marine products $51K
Trinidad
Export category Export value
Raw materials & minerals $46.5M
Processed food, beverages & tobacco $32.1M
Chemicals & pharma $12.3M
Wood & paper products $4.19M
Textiles & consumer goods $3.25M
Machinery & equipment $1.53M
Metals $1.25M
Raw agricultural goods $706K
Animal & marine products $179K
Weapons & explosives $12K

Balance of trade

Suriname Trinidad
Current account balance
$9.31M
2024
$1.23B
2024
Current account balance ranking
72/189
2024
52/189
2024
Current account balance, % of GDP
+0.2%
2024
+4.67%
2024
Goods imports
$1.65B
2024
$7.54B
2024
Goods exports
$2.58B
2024
$10B
2024
Service imports
$921M
2024
$2.71B
2024
Service exports
$211M
2024
$1.26B
2024
Imports of goods and services, % of GDP
38.4%
2010
n/a
Exports of goods and services, % of GDP
52.5%
2010
45%
2025

Economic freedom indices

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

Suriname Trinidad
Economic freedom 50.9 63.6
Economic freedom ranking 161/197 76/197
Property rights 42.1 58.3
Government integrity 39.7 44.7
Judicial effectiveness 43.1 58.5
Tax burden 69.1 79.5
Government spending 74 74.5
Fiscal health 66.1 80.9
Business freedom 57.6 72.6
Labor freedom 69 60.4
Monetary freedom 44.1 76.3
Trade freedom 65.4 67.6
Investment freedom 20 50
Financial freedom 20 40

Economic freedom by year comparison

The Economic Freedom Index for Suriname is 50.9, ranking 161/197, compared to 63.6 for Trinidad and Tobago, ranking 76/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Suriname
Trinidad and Tobago
Year Economic freedom index
Suriname Trinidad
1996 36.7 69.2
1997 35.9 71.3
1998 39.9 72
1999 40.1 72.4
2000 45.8 74.5
2001 44.3 71.8
2002 48 70.1
2003 46.9 68.8
2004 47.9 71.3
2005 51.9 71.5
2006 55.1 70.4
2007 54.8 70.6
2008 54.3 69.5
2009 54.1 68
2010 52.5 65.7
2011 53.1 66.5
2012 52.6 64.4
2013 52 62.3
2014 54.2 62.7
2015 54.2 64.1
2016 53.8 62.9
2017 48 61.2
2018 48.1 57.7
2019 48.1 57
2020 49.5 58.3
2021 46.4 59
2022 48.1 58.8
2023 46.1 59.5
2024 46.7 60.4
2025 50.9 63.6

More economic indicators

Suriname Trinidad
Services, % of GDP
48.3%
2023
59.9%
2023
Industry, % of GDP
39.9%
2023
35%
2023
Agriculture, forestry, and fishing, % of GDP
7.47%
2023
0.82%
2023
GNI, Atlas method
$3.72B
2024
$27.4B
2024
GNI per capita, PPP
$20,350
2024
$36,280
2024
Total reserves including gold
$1.63B
2024
$5.6B
2024
Total reserves ranking
132/177
2024
94/177
2024
Net foreign direct investment
$26.5M
2024
$1.57B
2024
Net inflows of foreign direct investment
-$37.6M
2024
-$1.04B
2024
Net outflows of foreign direct investment
-$11.1M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
20.6%
2023
n/a
Poverty at national poverty lines
70%
2020
20%
2020
Gross capital formation, % of GDP
36.2%
2010
20.1%
2021

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.