What is the average wage in Suriname?

$28,093
Suriname also has high inflation rates, with 55.5 percent inflation in 2016 and 22.3 percent in 2017. Given that the average gross salary in Suriname is $28,093, the inflation rates affect the working poor and middle-class people the hardest, as they are unable to afford basic necessities.

What is minimum wage in Suriname?

Most countries have a nation-wide minimum wage that all workers must be paid. While there is no official minimum wage in Suriname,SRD 600 per month is the lowest wage for civil servants.

What is the median hourly rate?

In 2019, the median hourly earnings of wage and salary workers in the United States was 15.35 U.S. dollars.

What is the average median pay?

What is the average American Wage? The average annual wage in 2019 in the US was $51,916.27, and the median annual wage was $34,248.45. The median wage is the wage “in the middle,” while average refers to the measure of central tendency for all the data.

Is Suriname a poor country?

The smallest country in South America, Suriname is one of the world’s poorest countries, with over 70\% of its population living under the poverty line. While the country has seen some economic growth in recent years, its tumultuous political history explains many of the current causes of poverty in Suriname.

How does Suriname make money?

Suriname’s economy is dependent on mineral resources, mainly oil, gold, and bauxite, from which alumina (used in the smelting of aluminum metal) is made. Aside from natural resources, the chief sources of income are from agriculture and remittances, mostly from the Netherlands, French Guiana, and the United States.

Is Suriname poor?

Is Suriname a good place to live?

Suriname enjoys a relatively high standard of living, with quite modern and reliable facilities and services. Most of the population resides in the developed north of the country and Suriname has a diverse, vibrating culture.