Suriname is in Northern South America, bordering the North Atlantic Ocean, between French Guiana and Guyana. The climate is tropical, moderated by trade winds. 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 and 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. Surinamese society is an ethnic and religious mix. The main ethnic communities are East Indian (Indo-Surinamese), Afro-Surinamese, Javanese and Maroons. The religious mix is Hindu, Protestant, Roman Catholic and Muslim in roughly equal numbers. Expatriate business dress is relatively casual yet conservative, with clothing that covers both arms and legs for women, and a short or long-sleeved shirt and tie for men. The security risk for expatriates in Suriname is low. Risks include petty and opportunistic petty crime. The currency of Suriname is the Suriname Dollar (SRD). While ATMs are available in Paramaribo not all international cards are accepted. Major credit cards not widely accepted outside the major hotels. Medical facilities are extremely limited. Serious or complex medical treatment may require evacuation which can be expensive. Cases of Zika virus and Chikungunya virus have been reported. The population of Suriname is 558,400 (2019 est.), while the inflation rate (CPI) is 4.6% for Suriname as at April 2019. Xpatulator Hypothetical Tax for Suriname is based on the current personal income tax rates which are progressive up to 38%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Suriname, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Suriname as at 1 July 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Low 3) Communication: High 4) Education: Very High 5) Furniture & Appliances: High 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Low 9) Miscellaneous: Very High 10) Personal Care: Low 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very Low Suriname is for example -9.6% cheaper than USA for groceries, -14.7% cheaper for household costs than UK, and 20.1% more expensive for transport costs than India. The hardship premium for Suriname for an expat from Australia, is for example 20%, i.e. host location (Suriname) premium of 30% minus home (Australia) location premium of 10%. Suriname is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Suriname? Register subscribe to your home location and Suriname and run your personalised reports.