Suriname: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Suriname |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -7.90 |
| Year | 2018 |
| Measure | percent |
| Data availability | 2005 - 2018 |
| Average | -3.85 |
| Min - Max | -10.60 - 5.70 |
| Source | Central Bank of Suriname (Centrale Bank van Suriname) |
The latest value from 2018 is -7.9 percent, an increase from -9.2 percent in 2017. In comparison, the world average is -1.23 percent, based on data from 192 countries. Historically, the average for Suriname from 2005 to 2018 is -3.85 percent. The minimum value, -10.6 percent, was reached in 2016 while the maximum of 5.7 percent was recorded in 2007.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 13.32 | 2010 | percent |
| Government spending, in dollars | 0.58 | 2010 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.90 | 2018 | percent |
| Government debt | 140.20 | 2023 | percent |
| Commercial tax rate | 27.90 | 2019 | percent |
| Tax preparation time | 199 | 2019 | hours |
| Number of taxes | 30 | 2019 | taxes |
| Foreign aid | 28.54 | 2021 | million U.S. dollars |