Suriname has a population of 700,000 in 2005, consisting of approx. 121,000 families. Population growth is > 1%.
The majority of the population resides in or in the outskirts of Paramaribo, the capital of the country. The urbanisation grade is highest in this area, although an elevated level is also seen in the area between Lelydorp and Paranam as well as Moengo, where Suralco Mining is located.
The economy is dominated by the mining industry, which accounts for more than a third of GDP and subjects government revenues to mineral price volatility. The short-term economic outlook depends on the government's ability to control inflation and on the development of projects in the bauxite and gold mining sectors. Suriname's economic prospects for the medium term will depend on continued commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition. Prospects for local onshore oil production are good as a drilling program is underway. Offshore oil drilling was given a boost in 2004 when the State Oil Company (Staatsolie) signed exploration agreements with Repsol, Maersk, and Occidental. Bidding on these new offshore blocks was completed in July 2006.