Frequent question: What does Suriname produce the most of?

What is the major export of Suriname?

Suriname main exports are bauxite (70 percent of total exports). Others include: gold, oil, hardwood and bananas. Main export partners are: the United States (23 percent of total exports), Canada (20 percent), Belgium, United Arab Emirates, Norway, Guyana and Netherlands.

What are the main industries of Suriname?

Suriname: Economy

Economic Trivia The main support of Suriname’s economy comes from exporting aluminum oxide and aluminum.
Top Industries Bauxite and Gold Mining; Alumina Production; Oil; Lumbering

What natural resources are in Suriname?

The country’s key natural resources include timber, hydropower, bauxite, oil, gold, fish, and small amounts of nickel, copper, platinum, iron ore and diamonds (CIA, 2016).

Is Suriname a capitalist?

Although Suriname continues to have a predominantly free market economy, state control increased since 1980.

What are some problems in Suriname?

The country also faces high unemployment and inflation. According to the annual plan of 2018, unemployment became an increasingly serious issue in Suriname between 2017 and 2019, due to an increase in the size of the labor force, job losses between 2015 and 2016, and other demographic developments.

Will oil change the future of Suriname?

Suriname will begin producing oil in 2025 from one of the five offshore discoveries made over the past 12 months, incoming chief executive of national oil company Staatsolie Annand Jagesar said. Oil from all five discoveries of “large reservoirs of oil and gas off the coast will be delivered by 2027,” he said.

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