Suriname GDP growth figures have been cut back since the decline in commodity prices as the economy is reliant on gold, bauxite mining, and oil and gas. In fact, the extractive industry represents over 80% of total exports. Newmont’s investment in the country should lead to more gold production which came online in Q4 2016 – this will provide a much needed boost to the economy. In the meantime, a decline in revenues will force the government to cut back on expenditures in order to decrease the budget deficit, which will also be a drag on growth. Real GDP is expected to contract by 5.7% in 2017 due to low commodity export prices.