Suriname's taxes less subsidies on products (constant LCU) was 1.23 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 12.54% from 1.41 billion in 2019 (2.64% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.23 billion | 2024 |
| Five years earlier | 1.41 billion | 2019 |
| Highest | 1.41 billion | 2019 |
| Lowest | 1.15 billion | 2021 |
| Average since 2015 | 1.28 billion | 2015–2024 |
| First recorded | 1.37 billion | 2015 |
Over five years it is down 12.54% from 1.41 billion in 2019 (2.64% a year on average, compounded). Since 2015 it is down 10.32% from 1.37 billion in 2015 (1.2% a year on average, compounded).
What the numbers say
In 2024, Suriname's taxes less subsidies on products (constant LCU) rose 1.7% on 2023 (from 1.21 billion to 1.23 billion).
Across the 8 yearly changes before that (2016 to 2023), the average change was −1.4% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4.9% in 2018 and the biggest yearly fall was 16% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 21.8 million a year. A straight line explains 48% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Suriname had the 14th highest value of the 26 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Suriname in the 2024 ranking
- Bhutan — 11th of 26: 5.45 billion
- Papua New Guinea — 12th of 26: 3.46 billion
- Bahamas, The — 13th of 26: 1.49 billion
- Macao SAR, China — 15th of 26: 893 million
- Tajikistan — 16th of 26: 515.88 million
- Cuba — 17th of 26: 289 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 10 values
| Year | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2024 | 1,230,691,300 |
| 2023 | 1,209,869,900 |
| 2022 | 1,181,322,000 |
| 2021 | 1,153,565,000 |
| 2020 | 1,182,360,000 |
| 2019 | 1,407,156,000 |
| 2018 | 1,390,915,600 |
| 2017 | 1,325,334,400 |
| 2016 | 1,304,899,300 |
| 2015 | 1,372,302,000 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Antigua and Barbuda — 563.21 million (2025)
- Argentina — 131.42 billion (2025)
- Aruba — 1.02 billion (2023)
- Bahamas, The — 1.49 billion (2024)
- Barbados — 1.6 billion (2025)
- Belize — 687.41 million (2025)
- Bolivia — 30.68 billion (2024)
- Brazil — 722.57 billion (2025)
- Cayman Islands — 272.9 million (2024)
- Chile
More economic policy & debt data for Suriname
- Total reserves, including gold (current US$) — US$1.62 billion (2025)
- Total reserves, excluding gold (current US$) — US$1.45 billion (2025)
- GDP (current US$) — US$4.52 billion (2025)
- GDP (current LCU) — 168.55 billion (2025)
- GDP (constant 2015 US$) — US$4.68 billion (2025)
- GDP (constant LCU) — 15.99 billion (2025)
- GDP per capita (current US$) — US$7,070 (2025)
- GDP per capita (current LCU) — 263,425 (2025)
- GDP per capita (constant 2015 US$) — US$7,314 (2025)
- GDP per capita (constant LCU) — 24,988 (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Suriname's taxes less subsidies on products (constant LCU)?
- 1.23 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 10.32% from 1.37 billion in 2015 (1.2% a year on average, compounded). The highest value was 1.41 billion in 2019 and the lowest 1.15 billion in 2021.
- How does Suriname rank?
- 14th highest of 26 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Suriname?
- In 2024, Suriname's taxes less subsidies on products (constant LCU) rose 1.7% on 2023 (from 1.21 billion to 1.23 billion). Across the 8 yearly changes before that (2016 to 2023), the average change was −1.4% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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