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Suriname

Introduction to Suriname

Independence from the Netherlands was granted in 1975. Five years later the civilian government was replaced by a military regime that soon declared a socialist republic. It continued to rule through a succession of nominally civilian administrations until 1987, when international pressure finally forced a democratic election. In 1989, the military overthrew the civilian government, but a democratically-elected government returned to power in 1991.

Government

Capital:

Paramaribo 

Independence:

25 November 1975 (from Netherlands) 

National holiday:

Independence Day, 25 November (1975) 

Economy

Economy overview:

The economy is dominated by the bauxite industry, which accounts for more than 15% of GDP and 70% of export earnings. Suriname's economic prospects for the medium term will depend on renewed commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition. The government of Ronald VENETIAAN has begun an austerity program, raised taxes, and attempted to control spending. However, in 2002, President VENETIAAN agreed to a large pay raise for civil servants, which threatens his earlier gains in stabilizing the economy. The Dutch Government has agreed to restart the aid flow, which will allow Suriname to access international development financing. The short-term economic outlook depends on the government's ability to control inflation and on the development of projects in the bauxite and gold mining sectors. 

GDP:

purchasing power parity -$1.752 billion (2004 est.) 

GDP - composition by sector:

agriculture: 13%
industry: 22%
services: 65% (2001 est.)

Agriculture products:

paddy rice, bananas, palm kernels, coconuts, plantains, peanuts; beef, chickens; forest products; shrimp 

Industries:

bauxite and gold mining, alumina production, oil, lumbering, food processing, fishing 

Transportation

Highways:

total: 4,492 km
paved: 1,168 km
unpaved: 3,324 km (2000)

Waterways:

1,200 km (most navigable by ships with drafts up to 7 m) (2003)

Pipelines:

oil 51 km (2003)

Ports and harbors:

Albina, Moengo, New Nickerie, Paramaribo, Paranam, Wageningen

Merchant marine:

total: 2 ships (1,000 GRT or over) 2,421 GRT/2,990 DWT
by type: cargo 1, container 1 (2003 est.)

Airports:

46 (2003 est.)

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