Source: world bank Nominal/PPP
Summary:
Suriname GDP Per Capita expanded from 1960 to 2009, increasing from $377.58 to $7,129.58 .The compound annual growth rate (CAGR) averaged 6.18% over the period. The economy recorded its peak level in 2009 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 67.38%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Suriname Economic Phases (1960 - 2009)
From 1960 to 2009, Suriname economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1964) indicating steady moderate growth
- High Growth (1965–1968) indicating robust economic expansion
- Expansion (1969–1970) indicating steady moderate growth
- High Growth (1973–1979) indicating robust economic expansion
- Contraction (1983–1985) indicating temporary slowdown
- 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 (2002–2009) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 44.861%, while the largest decline was in 1989 at -53.972%.