Suriname: Statistical Appendix · Suriname: Statistical Appendix This Statistical Appendix for Suriname was prepared by a staff team of the International Monetary Fund as background
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This Statistical Appendix for Suriname was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on May 2, 2008. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Suriname or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information.
Copies of this report are available to the public from
International Monetary Fund ● Publication Services 700 19th Street, N.W. ● Washington, D.C. 20431
Prepared by Lisandro Abrego, Pawel Dyczewski, and Enrique Flores (all WHD)
Approved by the Western Hemisphere Department
May 2, 2008 Contents Page Tables 1. Gross Domestic Product by Sectors of Origin at Constant Prices .....................................3 2. Gross Domestic Product by Sectors of Origin at Current Prices .......................................4 3. Bauxile Sector—Production Data......................................................................................5 4. Exports of Gold from Small and Large Scale Mining .......................................................6 5. Consumer Price Index—Paramaribo and Suburbs ............................................................7 6 Number of Jobs by Sector..................................................................................................8 7. Central Government Operations (in millions of Suriname dollars)...................................9 8. Central Government Operations (in percent of GDP) .....................................................10 9. Central Government Revenues and Grants (in millions of Suriname dollars) ................11 10. Central Government Revenues and Grants (in percent of GDP).....................................12 11. Central Government Expenditure (in millions of Suriname dollars)...............................13 12. Central Government Expenditure (in percent of GDP) ...................................................14 13. Petroleum Price and Taxation..........................................................................................15 14. Operations of the State Oil Company ..............................................................................16 15. Summary Accounts of the Banking System ....................................................................17 16. Banking System Liabilities to the Private Sector ............................................................19 17. Distribution of Commercial Bank Credit by Destination ................................................20 18. Loans and Deposits by Interest Rates ..............................................................................21 19. Reserve Requirements on Domestic and Foreign Currency Deposits .............................22 20. Financial Soundness indicators for the Banking Sector ..................................................23 21. Summary Balance of Payments (in millions of U.S. dollars) ..........................................24 22. Summary Balance of Payments (in percent of GDP) ......................................................25 23. International Reserves......................................................................................................26 24. Exports by Major Categories ...........................................................................................27 25. Value, Volume, and Unit Value of Principal Exports .....................................................28 26. Exports by Economic Use................................................................................................29 27. Destination of Exports .....................................................................................................30
2
28. Imports by Economic Use................................................................................................31 29. Origin of Imports .............................................................................................................32 30. Public and Publicly-Guaranteed External Debt Outstanding...........................................33 31. Public and Publicly Guaranteed External Debt: Principal and Interest in Arrears ..........34 32. Average Exchange Rates .................................................................................................35 33. Overview of Public Sector Foundations and Enterprises ................................................36 34. Tax Structure as of December 31, 2007...........................................................................43
3
Table 1. Suriname: Gross Domestic Product by Sectors of Origin at Constant Prices
2002 2003 2004 2005 2006
(In thousands of Suriname dollars at 1990 prices)
Gross domestic product 4,552 4,838 5,221 5,457 5,722Agriculture, hunting and forestry 214 225 237 231 239Fishery 113 114 105 84 85Mining and quarrying 211 211 272 317 352Manufacturing 443 468 518 552 569Electricity, water and gas 212 209 230 238 252Construction 163 191 210 228 240Wholesale and retail trade 394 524 552 576 667Hotels and restaurants 76 97 106 135 152Transport and communications 502 517 555 601 612Financial intermediation 309 320 348 374 377Real estate, renting and business 413 420 431 439 447Public administration 254 253 252 267 283Education (government) 197 199 206 211 214Health and social work (government) 30 30 29 31 30Other community, social and personal services 72 72 71 75 78Less: inputed service charge 255 270 275 286 289Plus: indirect taxes - subsidies 329 352 380 403 425Informal sector 875 907 994 982 989
(Annual percentage change)
Gross domestic product 2.8 6.3 7.9 4.5 4.9Agriculture, hunting and forestry -9.7 5.2 5.3 -2.5 3.5Fishery 9.6 0.8 -7.9 -20.0 1.2Mining and quarrying -8.1 -0.1 28.9 16.5 11.0Manufacturing -3.5 5.5 10.7 6.6 3.1Electricity, water and gas 11.4 -1.2 10.0 3.5 5.9Construction 0.6 17.2 9.9 8.6 5.3Wholesale and retail trade 7.3 33.0 5.3 4.3 15.8Hotels and restaurants 14.8 27.8 9.3 27.4 12.6Transport and communications 12.4 3.0 7.4 8.3 1.8Financial intermediation 5.2 3.5 8.7 7.5 0.8Real estate, renting and business 1.9 1.8 2.6 1.9 1.8Public administration 1.1 -0.3 -0.4 6.0 6.0Education (government) 1.6 1.0 3.5 2.4 1.4Health and social work (government) -2.3 -0.7 -3.3 6.9 -3.2Other community, social and personal services 0.6 0.3 -1.4 5.6 4.0Less: inputed service charge 10.0 6.0 2.0 3.9 1.1Plus: indirect taxes - subsidies 2.2 6.9 8.0 6.1 5.5Informal sector 5.4 3.7 9.6 -1.2 0.7
Sources: Suriname authorities; and IMF staff estimates.
4
Table 2. Suriname: Gross Domestic Product by Sectors of Origin at Current Prices
2002 2003 2004 2005 2006
(In thousands of Suriname dollars)
GDP at market prices 2,569,900 3,339,874 4,072,507 4,919,679 5,873,393Agriculture, hunting and forestry 124,778 165,029 171,554 212,329 253,586Fishery 47,528 49,720 41,354 28,965 33,464Mining and quarrying 178,238 226,241 343,194 437,697 511,138Manufacturing 347,361 425,588 610,798 901,412 1,107,891Electricity, water and gas 149,029 187,699 222,328 252,495 272,180Construction 61,983 86,224 118,768 153,076 200,675Wholesale and retail trade 175,178 290,574 333,012 433,557 500,891Hotels and restaurants 33,768 53,711 64,061 89,178 93,133Transport and communications 200,102 247,017 295,185 336,078 380,096Financial institutions 141,864 168,818 223,658 292,997 321,986Real estate, renting and business 150,982 185,123 236,321 282,968 357,800Public administration 221,787 244,916 266,014 309,547 340,246Education (government) 135,601 151,947 163,528 175,077 220,196Health and social work (government) 20,290 22,806 22,576 23,581 32,447Other community, social and personal services 45,589 48,952 53,792 62,404 71,915Less: inputed service charge 68,189 78,730 106,962 166,217 214,127Plus: indirect taxes - subsidies 268,664 392,008 429,852 453,230 603,229Informal sector 335,347 472,231 583,475 641,306 786,647
(In percent of GDP at market prices)
Gross domestic product 100.0 100.0 100.0 100.0 100.0Agriculture, hunting and forestry 4.9 4.9 4.2 4.3 4.3Fishery 1.8 1.5 1.0 0.6 0.6Mining and quarrying 6.9 6.8 8.4 8.9 8.7Manufacturing 13.5 12.7 15.0 18.3 18.9Electricity, water and gas 5.8 5.6 5.5 5.1 4.6Construction 2.4 2.6 2.9 3.1 3.4Wholesale and retail trade 6.8 8.7 8.2 8.8 8.5Hotels and restaurants 1.3 1.6 1.6 1.8 1.6Transport and communications 7.8 7.4 7.2 6.8 6.5Financial intermediation 5.5 5.1 5.5 6.0 5.5Real estate, renting and business 5.9 5.5 5.8 5.8 6.1Public administration 8.6 7.3 6.5 6.3 5.8Education (government) 5.3 4.5 4.0 3.6 3.7Health and social work (government) 0.8 0.7 0.6 0.5 0.6Other community, social and personal services 1.8 1.5 1.3 1.3 1.2Less: inputed service charge 2.7 2.4 2.6 3.4 3.6Plus: indirect taxes - subsidies 10.5 11.7 10.6 9.2 10.3Informal sector 13.0 14.1 14.3 13.0 13.4
World totalsBauxite production 139,044 147,312 158,315 167,595 175,811 180,062 ...Alumina production 48,488 49,785 52,591 54,872 56,157 58,395 58,890Aluminum production 20,551 21,199 21,935 22,591 23,462 23,866 24,802
(In percent)
Suriname's world market shareBauxite production 3.2 2.7 2.7 2.4 2.7 2.7 ...Alumina production 3.9 3.8 3.9 3.7 3.5 3.7 3.7
Sources: Central Bank of Suriname; Bauxite Institute of Suriname; International Aluminium Institute; United States Geological Survey; and World Metal Statistics Yearbook 2007.
Table 3. Suriname: Bauxite Sector—Production Data
6
Table 4. Suriname: Exports of Gold from Small and Large Scale Mining
Government RevenueVolume Value Royalties Consent Right
1/ Figures until 2000 were re-estimated by staff, using the pre-2001 CPI and weights.2/ Figures until 1999 were re-estimated by staff, using the pre-2001 CPI and weights.3/ 2003 is an IMF staff estimate. CPI data are not available between July 2003 and March 2004, owing to a fire
that destroyed the General Bureau of Statistics’ (ABS) building, at which time ABS staff ceased to collect price information until March 2004.
(December 2000 = 100)
(Percentage change)
Table 5. Suriname: Consumer Price Index—Paramaribo and Suburbs
8
Table 6. Suriname: Number of Jobs by Sector 1/
2002 2003 2004 2005 2006
Total 85,866 88,004 91,059 93,706 96,110Agriculture, livestock and fisheries 9,386 9,634 10,865 10,865 11,191Mining and quarrying 2,293 2,513 2,992 3,144 3,302Manufacturing 7,729 7,625 7,648 7,583 7,799Gas, water and electricity 1,613 1,633 1,711 1,706 1,757Construction 5,824 7,108 7,816 8,131 8,538Trade, restaurants and hotels 14,448 14,931 15,009 15,332 15,044Transportation, storage and communications 2,605 2,472 2,451 2,586 2,423Financial, real state and business services 2,725 2,749 2,808 2,908 3,036Community, social, and personal services 3,933 3,950 4,111 4,136 4,293Public administration and defense 35,310 35,389 35,648 37,315 38,727
Total 0.0 2.5 3.5 2.9 2.6Agriculture, livestock and fisheries -13.8 2.6 12.8 0.0 3.0Mining and quarrying 5.2 9.6 19.1 5.1 5.0Manufacturing 3.9 -1.3 0.3 -0.8 2.8Gas, water and electricity -3.8 1.2 4.8 -0.3 3.0Construction 0.6 22.0 10.0 4.0 5.0Trade, restaurants and hotels 5.7 3.3 0.5 2.2 -1.9Transportation, storage and communications -2.3 -5.1 -0.8 5.5 -6.3Financial, real state and business services -1.1 0.9 2.1 3.6 4.4Community, social, and personal services 0.7 0.4 4.1 0.6 3.8Public administration and defense 1.1 0.2 0.7 4.7 3.8
Total 100.0 100.0 100.0 100.0 100.0Agriculture, livestock and fisheries 10.9 10.9 11.9 11.6 11.6Mining and quarrying 2.7 2.9 3.3 3.4 3.4Manufacturing 9.0 8.7 8.4 8.1 8.1Gas, water and electricity 1.9 1.9 1.9 1.8 1.8Construction 6.8 8.1 8.6 8.7 8.9Trade, restaurants and hotels 16.8 17.0 16.5 16.4 15.7Transportation, storage and communications 3.0 2.8 2.7 2.8 2.5Financial, real state and business services 3.2 3.1 3.1 3.1 3.2Community, social, and personal services 4.6 4.5 4.5 4.4 4.5Public administration and defense 41.1 40.2 39.1 39.8 40.3
Source: General Bureau of Statistics.
1/ Differes from employment because many people have more than one job.
(Number of employees)
(Annual percentage change)
(In percent of total)
9
Table 7. Suriname: Central Government Operations(In millions of Suriname dollars)
Sources: Ministry of Finance; Central Bank of Suriname; and IMF staff estimates.
1/ 1999 includes financing of bridges by a Dutch consortium. 2/ Expenditure of the Ministry of Defense, including wages and salaries, goods and services, utilities, etc.
14
Table 12. Suriname: Central Government Expenditure(In percent of GDP)
Est.2003 2004 2005 2006 2007
Total expenditure 27.6 28.6 29.7 28.3 27.2
Current expenditure 24.4 24.9 25.2 24.7 23.8Wages and salaries 12.2 10.7 10.9 10.3 10.2
Sources: Ministry of Finance; Central Bank of Suriname; and IMF staff estimates.
1/ 1999 includes financing of bridges by a Dutch consortium. 2/ Expenditure of the Ministry of Defense, including wages and salaries, goods and services, utilities, etc.
15
Tabl
e 13
. Sur
inam
e: P
etro
leum
Pric
e an
d Ta
xatio
n
2003
2004
2005
2006
2007
Die
sel
Gas
olin
eD
iese
lG
asol
ine
Die
sel
Gas
olin
eD
iese
lG
asol
ine
Die
sel
Gas
olin
e
(In S
RD
per
lite
r, un
less
oth
erw
ise
indi
cate
d)
Ave
rage
land
ed c
ost (
c.i.f
.)0.
6805
0.74
220.
9259
1.01
261.
3224
1.32
441.
4878
1.53
791.
6366
1.67
25O
ther
mar
gins
and
exp
ense
s0.
1948
0.19
530.
2332
0.23
360.
2296
0.22
980.
2924
0.29
270.
2932
0.29
34A
vera
ge g
over
nmen
t rev
enue
1/
0.44
640.
5316
0.24
090.
3038
0.17
060.
3188
0.88
490.
9126
0.89
660.
9351
Ave
rage
pum
p pr
ice
2/1.
3217
1.46
911.
4000
1.55
001.
7226
1.87
302.
6829
2.79
292.
7750
2.90
63
Qua
ntity
(milli
ons
of li
ters
)10
9.26
111.
0411
7.25
123.
9911
8.93
128.
9498
.61
125.
9210
5.39
138.
67To
tal g
over
nmen
t rev
enue
(in
milli
ons
of S
RD
) 48
.77
59.0
328
.25
37.6
720
.29
41.1
086
.79
113.
3094
.52
129.
61
Tota
l gov
ernm
ent r
even
ue (d
iese
l and
gas
olin
e)In
milli
ons
of S
RD
107.
8065
.92
61.4
0In
per
cent
of G
DP
3.3
1.6
1.3
3.40
%3.
70%
Mem
oran
dum
item
:G
over
nmen
t rev
enue
in p
erce
nt o
f lan
ded
cost
65.6
71.6
26.0
30.0
12.9
24.1
59.5
%59
.3%
54.8
%55
.9%
Sou
rces
: Min
istry
of F
inan
ce; a
nd IM
F st
aff e
stim
ates
.
1/ D
eriv
ed a
s a
resi
dual
, i.e
., pu
mp
pric
e le
ss la
nded
cos
t les
s ot
her m
argi
ns a
nd e
xpen
ses.
2/ In
Mar
ch 2
003,
the
pum
p pr
ice
for d
iese
l was
incr
ease
d fro
m S
RD
1.0
0 to
SR
D 1
.40
per l
iter;
and
for g
asol
ine
from
S
RD
1.0
8 to
SR
D 1
.55.
In S
epte
mbe
r 200
5, th
e pu
mp
pric
e fo
r die
sel w
as in
crea
sed
from
SR
D 1
.40
to S
RD
2.8
5 pe
r lite
r; an
d fo
r gas
olin
e fro
m
SR
D 1
.55
to S
RD
3.0
0.3/
Sin
ce D
ecem
ber 2
005,
the
max
imum
pum
p pr
ices
hav
e be
en s
et e
ach
mon
th b
ased
on
the
aver
age
c.i.f
. pric
e of
the
prev
ious
mon
th.
200.
0922
4.13
16
Table 14. Suriname: Operations of the State Oil Company 1/(In millions of U.S. dollars)
Net short term foreign assets 487.4 639.5 634.1 738.2 971.4Assets 510.0 661.4 664.2 836.1 1,165.2Liabilities -22.6 -21.9 -30.1 -97.9 -193.8
Net other foreign assets 0.1 0.2 0.3 0.5 0.2
Net domestic assets 745.9 1,010.5 1,211.7 1,493.6 1,991.4Net claims on the public sector 14.1 14.8 18.3 -40.9 -150.1
Central government (net) 97.8 161.2 153.6 177.9 117.8Assets 99.0 162.7 199.5 214.2 155.5Liabilities -1.2 -1.4 -46.0 -36.3 -37.7
Rest of the public sector (net) -83.7 -146.4 -135.3 -218.7 -267.9Credit to the private sector 569.6 759.2 950.4 1,213.5 1,625.5Monetary reserves and currency holdings 228.1 246.9 244.8 356.9 501.0Liabilities to the central bank -54.1 -19.4 -25.0 -20.6 -27.3Net unclassified assets -11.8 9.0 23.3 -15.3 42.2
1/ As of December 31. 2/ Gold is valued at market prices. 3/ Adjusted for external arrears. 4/ Includes central government issue of coins. 5/ Official central bank rate (end of period).
19
Table 16. Suriname: Banking System Liabilities to the Private Sector 1/
2003 2004 2005 2006 2007
(In millions of Suriname dollars)
Total liabilities 1,477.8 1,934.0 2,172.2 2,632.5 3,424.7
Capital Adequacy Regulatory capital to risk-weighted assets (*) 9.2 8.9 10.1 11.7 10.5 Regulatory Tier I capital to risk-weighted assets (*) 7.2 6.6 8.1 9.7 8.9 Capital (net worth) to assets 4.2 4.3 5.0 5.5 5.3
Asset composition Sectoral distribution of loans to total loans (*) Agriculture 5.0 6.0 5.1 4.8 3.7 Manufacturing 10.7 10.9 9.6 9.1 8.6 Commerce 31.6 32.2 32.9 30.9 29.1 Housing construction 11.4 11.8 14.4 15.0 16.5 Other 41.3 39.1 38.0 40.2 42.1
Asset quality Foreign currency loans to total loans 49.4 54.7 49.6 52.5 49.6 NPLs to gross loans (*) 10.4 11.0 13.5 11.9 8.7 NPLs net of provisions to capital (*) 48.1 53.7 80.2 65.1 47.2 Large exposures to capital (*) 133.9 63.1 55.7 80.7 110.0
Earnings and Profitability ROA (*) 1.1 1.8 3.0 3.1 3.1 ROE (*) 22.9 35.5 40.8 44.2 56.1 Interest margin to gross income (*) 64.7 65.1 73.0 73.5 70.2 Noninterest expenses to gross income (*) 72.0 65.7 63.0 61.6 55.7 Personnel expenses to noninterest expenses 56.4 57.6 59.6 59.2 61.2 Trading and fee income to total income 35.3 34.9 31.0 32.2 30.8 Spread between reference loan and deposit rates 12.5 11.0 10.5 10.8 8.4
Liquidity Liquid assets to total assets (*) 38.1 34.3 31.1 32.1 33.9 Liquid assets to total short-term liabilities (*) 64.3 56.4 52.8 54.9 58.0 FX liabilities to total liabilities 49.3 50.6 48.6 50.7 51.4
Sources: Central Bank of Suriname, Supervision Department; and Fund staff estimates.
(*) Included in the "core set" of financial soundness indicators identified by the IMF's Executive Board.1/ Indicators refer to banks, which comprise over 70 percent of financial system assets at end-2006.2/ Number of institutions with 57 percent or more of total financial system assets.
24
Table 21. Suriname: Summary Balance of Payments (In millions of U.S. dollars)
Financing 1 -31 -29 -104 -68NFA of the central bank (-) increase 1 -31 -29 -104 -169Exceptional grants ... ... ... ... 101
Memorandum items:Current account as percent of GDP -10.7 -2.1 -4.3 1.8 2.9Gross international reserves 101.15 134.68 160.44 264.15 433.38
Sources: Suriname authorities; and IMF staff estimates.
1/ Includes remittances from Surinamese living abroad.2/ Consists principally of project and program assistance from The Netherlands; and grants from the
European Development Fund, and Belgium.
25
Table 22. Suriname: Summary Balance of Payments (In percent of GDP)
Financing 0.0 -2.1 -1.6 -4.8 -2.8NFA of the central bank (-) increase 0.0 -2.1 -1.6 -4.8 -7.0Exceptional grants ... ... ... ... 4.2
Memorandum items:Nominal GDP (in millions of U.S. dollars) 1,284 1,490 1,801 2,141 2,415Gross international reserves 7.9 9.0 8.9 12.3 17.9
Sources: Suriname authorities; and IMF staff estimates.
1/ Includes remittances from Surinamese living abroad.2/ Consists principally of project and program assistance from The Netherlands; and grants from the
European Development Fund, and Belgium.
26
Table 23. Suriname: International Reserves 1/
2003 2004 2005 2006 2007
(In millions of Suriname dollars)
Net international reserves 265.5 365.7 439.6 725.2 1,189.6Assets 265.5 365.7 439.6 725.2 1,189.6
1/ At December 31.2/ Gold holdings are valued at market prices.3/ Includes Special Drawing Rights and reserve position in the Fund.4/ Official rate (end of period).
Sources: Central Bank of Suriname; National Planning Office; and IMF staff estimates.
28
Table 25. Suriname: Value, Volume, and Unit Value of Principal Exports(Value in millions of U.S. dollars, volume in thousands of metric tons, and unit value in U.S. dollar per metric ton; unless otherwise indicated)
Sources: Suriname Debt Management Office; and IMF staff estimates.
1/ Data on external debt owned by the private sector are not available. Outstanding stock of debt excludesarrears on principal.
(In millions of U.S. dollars, December 31)
34
2003
2004
2005
2006
2007
Prin
Int
Tota
lP
rinIn
tTo
tal
Prin
Int
Tota
lP
rinIn
tTo
tal
Prin
Int
Tota
l
Tota
l arr
ears
67.6
39.4
107.
078
.744
.412
3.1
89.6
51.2
140.
890
.357
.614
7.9
78.2
56.1
134.
2
Mul
tilat
eral
deb
t 2/
0.6
0.1
0.8
0.2
0.0
0.2
0.2
0.0
0.2
0.1
0.0
0.1
0.1
0.0
0.1
EIB
0.6
0.1
0.6
0.1
0.0
0.2
0.1
0.0
0.1
0.1
0.0
0.1
0.1
0.0
0.1
IAD
B0.
10.
10.
10.
00.
00.
00.
10.
00.
10.
00.
00.
00.
00.
00.
0IS
DB
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.2
0.0
0.0
0.0
Bila
tera
l deb
t66
.939
.310
6.2
78.5
44.4
122.
989
.551
.214
0.6
90.2
57.6
147.
878
.156
.113
4.2
Bra
zil
42.4
22.7
65.1
46.1
25.5
71.6
49.7
30.1
79.8
52.6
35.0
87.6
55.5
40.1
95.7
Chi
na1.
30.
01.
32.
70.
02.
74.
00.
04.
05.
50.
05.
56.
90.
06.
9Ja
pan
0.6
0.1
0.6
1.0
0.1
1.1
1.6
0.2
1.8
0.0
0.0
0.0
0.0
0.0
0.0
Fran
ce0.
00.
00.
00.
00.
00.
00.
00.
00.
00.
00.
00.
00.
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00.
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dia
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
1.1
0.2
1.3
1.1
0.1
1.2
Spa
in/ B
anco
Bilb
ao V
izca
ya1.
30.
41.
63.
31.
04.
35.
31.
66.
80.
00.
00.
00.
00.
00.
0S
pain
/ Ban
co S
anta
nder
A.
2.5
1.0
3.5
5.5
1.7
7.1
8.0
1.9
9.9
8.4
3.2
11.6
0.0
0.0
0.0
US
A/G
SM
14.0
12.3
26.3
14.0
12.7
26.7
14.0
13.5
27.5
14.0
14.6
28.6
14.0
15.7
29.7
US
A/P
L-48
04.
92.
87.
76.
13.
49.
56.
93.
910
.78.
64.
613
.20.
60.
20.
7
Sou
rce:
Sur
inam
e D
ebt M
anag
emen
t Offi
ce.
1/ In
tere
st in
clud
es p
enal
ty c
harg
es.
2/ C
onst
itute
s te
chni
cal d
elay
s in
pay
men
ts.
(In m
illio
ns o
f U.S
. dol
lars
, Dec
embe
r 31)
Tabl
e 31
. Sur
inam
e: P
ublic
and
Pub
licly
Gua
rant
eed
Exte
rnal
Deb
t: Pr
inci
pal a
nd In
tere
st in
Arr
ears
1/
35
Table 32. Suriname: Average Exchange Rates
Suriname Dollars Per U.S. Dollar Indices (2000 = 100) 1/ 2/Official Rate Parallel Rate 3/ Nominal Effective Real Effective
2003Quarter I 2.625 3.138 57.70 105.46Quarter II 2.625 3.149 55.93 108.83Quarter III 2.625 2.844 61.90 119.83Quarter IV 2.625 2.775 61.37 119.56
2004Quarter I 2.735 2.740 60.74 123.26Quarter II 2.735 2.744 61.89 128.64Quarter III 2.735 2.724 61.91 127.60Quarter IV 2.715 2.720 60.42 125.35
2005Quarter I 2.715 2.731 59.41 126.62Quarter II 2.740 2.853 57.79 123.97Quarter III 2.740 2.800 59.67 130.99Quarter IV 2.740 2.800 60.50 141.77
2006Quarter I 2.740 2.799 60.08 141.94Quarter II 2.745 2.795 58.97 142.94Quarter III 2.745 2.799 58.61 143.94Quarter IV 2.745 2.799 58.36 144.94
2007Quarter I 2.745 2.800 58.07 139.85Quarter II 2.745 2.799 57.22 143.02Quarter III 2.745 2.799 56.50 142.34Quarter IV 2.745 2.799 54.94 136.64
Sources: Central Bank of Suriname; IMF Information Notice System; and IMF staff estimates.
1/ An increase in the index indicates appreciation of the Suriname guilder. 2/ Series was calculated on basis of INS weights and the parallel market rate. 3/ Quotations from a limited survey of currency traders.