{"id":212571,"date":"2026-11-14T06:54:43","date_gmt":"2026-11-14T09:54:43","guid":{"rendered":"https:\/\/keynews.sr\/?p=212571&preview=true&preview_id=212571"},"modified":"2026-11-14T04:59:46","modified_gmt":"2026-11-14T07:59:46","slug":"sp-expects-strong-economic-growth-but-inflation-in-suriname-will-remain-high-until-2029","status":"publish","type":"post","link":"https:\/\/keynews.sr\/en\/sp-expects-strong-economic-growth-but-inflation-in-suriname-will-remain-high-until-2029\/","title":{"rendered":"S&P expects strong economic growth, but inflation in Suriname will remain high until 2029"},"content":{"rendered":"
\n

Despite the exceptional economic growth forecast for Suriname, inflation will remain relatively high in the coming years. According to international credit rating agency S&P Global Ratings<\/a>, expected inflation in 2026 will be around 10 percent.<\/p>\n<\/div>\n

A<\/span>lthough price increases will gradually decline thereafter, the organisation still projects inflation of 7 percent for 2029. This creates a striking difference between the expected rapid growth of the economy and the development of the overall price level.<\/p>\n

The forecasts are included in S&P’s report of November 9, 2026, in which Suriname’s creditworthiness was upgraded from CCC+ to B-, with stable outlooks.<\/p>\n

The credit rating agency expects the development of the offshore oil industry from 2028 to lead to a sharp acceleration in economic growth.<\/p>\n

Growth of 28.2 percent is forecast for 2028, followed by 43.4 percent in 2029.<\/p>\n

At the same time, S&P expects inflation to decline during this period, but not to disappear completely.<\/p>\n

Inflation gradually declines<\/h2>\n

According to S&P’s economic estimates, inflation stood at around 9.2 percent in 2025.<\/p>\n

For 2026, an increase to 10 percent is expected. The credit rating agency then forecasts a gradual decline in inflation to 8 percent in 2027, 7.5 percent in 2028 and 7 percent in 2029.<\/p>\n

This development means that prices are expected to continue rising in the coming years, albeit at a slower pace.<\/p>\n

Declining inflation does not mean that goods and services automatically become cheaper. It means that the overall price level rises less quickly than before.<\/p>\n

For the purchasing power of households, therefore, not only inflation trends are important, but also the extent to which salaries and other incomes increase.<\/p>\n

S&P’s report contains no separate forecast for real wage developments or the purchasing power of Surinamese households.<\/p>\n

Oil production drives exceptional growth forecast<\/h2>\n

According to S&P, the strong economic growth figures are mainly linked to the development of the offshore oil project<\/a> GranMorgu.<\/p>\n

The expected start of oil production in mid-2028 is expected to lead to a substantial expansion of economic activity and exports.<\/p>\n

S&P expects gross domestic product per capita to rise from around USD 7,271 in 2025 to USD 20,300 in 2029 as a result.<\/p>\n

This increase reflects the expected rise in economic output per capita. However, the amount should not be equated with the average salary or citizens’ disposable income.<\/p>\n

The credit rating agency does not state in the report how future income from the oil industry will be distributed among different population groups.<\/p>\n

Central Bank must continue to safeguard stability<\/h2>\n

In its assessment, S&P also points to the importance of credible monetary policy.<\/p>\n

According to the credit rating agency, reforms at the Centrale Bank van Suriname under the previous government contributed to macroeconomic stabilisation.<\/p>\n

S&P expects the Centrale Bank to continue pursuing a floating exchange rate. At the same time, the organisation states that experience with the current monetary policy framework remains limited.<\/p>\n

The credit rating agency emphasises that it will take time to further strengthen the credibility, operational independence and effectiveness of monetary policy.<\/p>\n

Economic growth no guarantee of improved purchasing power<\/h2>\n

S&P’s projections show that Suriname may experience a period of exceptional economic expansion in the coming years.<\/p>\n

However, the projected inflation figures make clear that price increases will remain a factor that citizens and businesses must take into account.<\/p>\n

Whether economic growth will actually lead to an improvement in purchasing power also depends on developments in wages, other incomes and consumer prices.<\/p>\n

In the report, S&P confines itself to the expected macroeconomic developments and provides no concrete estimate of improved purchasing power for Surinamese households.<\/p>\n

Source: S&P Global Ratings, November 9, 2026, pages 2 to 5.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

S&P forecasts that Suriname will experience exceptional economic growth from 2028 due to oil production, while inflation will remain high until 2029 and purchasing power will remain uncertain.<\/p>\n","protected":false},"author":7,"featured_media":202531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"no","rop_publish_now_accounts":{"facebook_29234516172805655_1445375691985227":"","facebook_29234516172805655_1158244960706604":"","facebook_29234516172805655_108923581283702":"","facebook_29234516172805655_1309923202201307":"","facebook_29234516172805655_1093738170500407":""},"rop_publish_now_history":[{"account":"facebook_29234516172805655_1309923202201307","service":"facebook","timestamp":1794650413,"status":"success"}],"rop_publish_now_status":"done","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"footnotes":"","jetpack_post_was_ever_published":false},"categories":[16342],"tags":[27581,27583,27582,26995],"class_list":["post-212571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economic-growth","tag-high-inflation","tag-inflation-2026-10-percent","tag-sp-global-ratings"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"","pp_force_visibility":null,"pp_subpost_visibility":null,"pp_inherited_force_visibility":null,"pp_inherited_subpost_visibility":null,"jetpack_featured_media_url":"https:\/\/media.keynews.sr\/2026\/11\/ChatGPT-Image-Nov-10-2026-11_51_10-PM.jpg","_links":{"self":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/posts\/212571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/comments?post=212571"}],"version-history":[{"count":1,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/posts\/212571\/revisions"}],"predecessor-version":[{"id":212585,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/posts\/212571\/revisions\/212585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/media\/202531"}],"wp:attachment":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/media?parent=212571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/categories?post=212571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/tags?post=212571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}