Source: world bank Nominal/PPP
Summary:
Suriname GDP Per Capita expanded from 1960 to 2024, increasing from $0.10 to $4.42 .The compound annual growth rate (CAGR) averaged 6.1% over the period. The economy recorded its peak level in 2014 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 66.38%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Suriname Economic Phases (1960 - 2024)
From 1960 to 2024, Suriname economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1971) indicating robust economic expansion
- High Growth (1973–1979) indicating robust economic expansion
- Contraction (1983–1984) indicating temporary slowdown
- Expansion (1985–1986) indicating steady moderate growth
- High Growth (1987–1988) indicating robust economic expansion
- Crisis (1989–1990) indicating severe economic downturn
- High Growth (1993–1998) indicating robust economic expansion
- High Growth (2002–2010) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 46.446%, while the largest decline was in 1989 at -53.264%.