Suriname, nestled on the northeastern coast of South America, is a hidden gem brimming with natural beauty and cultural richness. Its pristine rainforests, teeming with diverse wildlife, offer unparalleled opportunities for eco-tourism. The Central Suriname Nature Reserve, a UNESCO World Heritage site, showcases breathtaking landscapes and a variety of species, from jaguars to exotic birds. Paramaribo, the capital, blends colonial architecture with vibrant street markets, reflecting the country’s multicultural heritage. The Surinamese people, with their warm hospitality, enhance the charm of visiting this unique nation.
Adventure seekers can explore the mighty Suriname River, engage in thrilling water sports, or embark on treks through dense jungles, making Suriname an emerging destination for nature lovers and cultural enthusiasts alike. As of August 2024, Suriname citizens can travel to 79 destinations visa-free, opening up a world of possibilities for exploration and adventure.
TTW Editor-in-Chief Mr. Anup Kumar Keshan stated: “This initiative marks a monumental shift for Suriname’s outbound travel industry, empowering Surinamese citizens to explore the world with unprecedented ease. With visa-free access to 79 destinations as of the latest August 2024 update, including key destinations such as Brazil, Indonesia, Russia, and the Schengen nations, Suriname is not only enhancing global mobility but also strengthening its cultural and economic ties with these countries. Ranked 63rd on the Henley Passport Index, Suriname’s improved travel freedom will undoubtedly encourage more Surinamese travelers to embark on international adventures, enriching their experiences and fostering global connections.”
Country Economics and GDP
The official estimate for Suriname’s GDP at the end of 2023 was reported to be $12 billion in purchasing power parity (PPP) terms. This figure provides a baseline understanding of the country’s economic size and potential.
However, World Economics has taken a more nuanced approach to calculating GDP. They have developed an extensive database that not only presents GDP in PPP terms but also includes additional estimates for the size of the informal economy.
This adjustment is crucial as the informal economy often represents a significant portion of economic activity that is not captured in official statistics. Moreover, World Economics adjusts for outdated GDP base year data, ensuring a more accurate and contemporary reflection of the economy’s true size.
According to World Economics’ refined methodology, Suriname’s GDP is estimated to be $16 billion. This figure is 39% larger than the official estimates, highlighting substantial economic activity that may have been previously overlooked. This significant adjustment underscores the importance of considering various factors and methodologies when assessing a country’s economic health and potential.
The 2023 data is based on growth rate estimates from the International Monetary Fund (IMF), which have been applied to World Economics’ adjusted GDP figures. This integration of IMF growth rates ensures that the estimates remain relevant and reflective of the most recent economic trends and projections.
In terms of infrastructure, Suriname is well-served by key airports such as Johan Adolf Pengel International Airport and Zorg en Hoop Airport. These airports, coupled with the services of the national carrier Suriname Airways and other international airlines, ensure robust connectivity. This network supports both domestic and international travel, promoting tourism and economic exchange. The combination of natural beauty, economic initiatives, and strong aviation infrastructure positions Suriname as a promising player in the global tourism landscape.