Paramaribo is the capital and largest city of Suriname. Paramaribo's major exports are gold, bauxite, sugar cane, rice, cacao, coffee, rum, and tropical woods. Cement and paint are manufactured in the city. Suriname is in Northern South America, bordering the North Atlantic Ocean, between French Guiana and Guyana. Tropical; moderated by trade winds. Mostly rolling hills; narrow coastal plain with swamps. The official language is Dutch. Creole-based Sranang Tongo language (also known as Taki-Taki) is also spoken by most people. English is widely spoken in urban areas and among the middle class. Knowledge of Spanish is also common. The main religions are Hinduism, Islam, Christianity. The economy of Suriname is dominated by the bauxite industry, which accounts for more than 15% of GDP and 70% of export earnings. Other main export products include rice, bananas and shrimp. The population in Paramaribo is 0.245 Mil (2014 est.), while the inflation rate is 2.8% (2014 est.).
Cost Of Living
The cost of living for expatriates in Paramaribo as at 1 July 2014 is average in comparison to other places in the world. In Paramaribo, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: High 3) Communication: Very High 4) Education: Very Low 5) Furniture & Appliances: Very High 6) Groceries: Average 7) Healthcare: Very Low 8) Household Accommodation: Average 9) Miscellaneous: Very Low 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low Paramaribo is for example 5.6% more expensive than Montevideo for groceries, -3% cheaper for household costs than Durban, and -18.6% cheaper for transport costs than Athens. Paramaribo is ranked as a high degree of hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Paramaribo for an expat from Zurich is for example 20%, i.e. host location (Paramaribo) premium of 30% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Paramaribo? Register subscribe to your home location and Paramaribo and run your personalised reports.