Average Salary in Suriname 2024

Discover the intriguing dynamics of salary in Suriname with our comprehensive article, examining various aspects such as pay scale, wage gap, and salary yearly increments. Delve into a breakdown of earnings based on education level and year of experience, unraveling interesting insights into the country's remuneration landscape. Gain valuable knowledge and stay informed about the intricacies of Suriname's salary structure.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Suriname in 2024?

What is the average salary in Suriname in 2024?
280USD
(USD 3,400 yearly)
Low 130 USD
Average 280 USD
High 1,300 USD
The average salary in Suriname is typically USD 280 per month. However, salaries can range from USD 130 (lowest average) to USD 1,300 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Suriname in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. The comprehensive comparison between 2023 and 2024 will be conducted at the year's end.

Pay Scale and Salaries in Suriname

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,300, 75% of the people earn USD 390 or less. 50% employees earn less USD 270 or less, 25% of the employees earn less than USD 200.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,300, 75% of the people earn USD 390 or less. 50% employees earn less USD 270 or less, 25% of the employees earn less than USD 200.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Suriname the minimum salary is USD 130.

Median Salary

The median salary in Suriname is USD 220, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Suriname the salary ranges from USD 130 to USD 1,300.

Annual Salary Increments in Suriname

What is the average annual salary increment in the Suriname? How frequently do employees receive salary raises?

In 2024, employees based in Suriname witnessed an average salary increase of 0.9%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in Suriname received around 0.9% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Suriname

The average yearly salary increase for employees in Suriname over the past years ranged from 0.9% to 6.8%. On average, this represents a 4.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Suriname received in recent years salary increase from 0.9% to 6.8% on average per year. It means 4.0% increment per year on average.

Salary Forecast and Trends for the Future in Suriname

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.3%. Estimated range is between 2.3% and 6.5%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.3%. Estimated range is between 2.3% and 6.5%.

Gender Wage Gap in Suriname

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Suriname has an actual wage gap of 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Suriname is 8.0%.
It's due to many factors, such as:
  • Gender disparity.
  • On average, women take 10% longer vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Men are less likely than women to assume caregiving responsibilities for children and elderly relatives.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • In comparison to men, women are more likely to work in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Apart from financial rewards, pursuing a bachelor's degree fosters personal growth, nurtures critical thinking skills, and provides the chance to specialize in a specific area of interest. It also facilitates valuable networking opportunities and encourages the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that paves the way for a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. demonstrates a strong dedication to knowledge and paves the way for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 10%-14%. Expertise and leadership receive higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 10%-14%. Expertise and leadership gain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Suriname

What is the average hourly wage in the Suriname?

Average Hourly Wage
2USD
Low 1 USD
Average 2 USD
High 7 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks typically connected to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Job insecurity may be more prevalent in hourly positions than in salaried positions, as they are susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Limited opportunities for career growth, professional development, or upward mobility within the organization may be observed in certain hourly jobs.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Suriname

What are the best paying jobs in Suriname?

List with best paid jobs in SurinameDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Suriname?

  1. Surgeon (USD 1,300)
  2. Doctor (USD 1,100)
  3. Chief Executive Officer (CEO) (USD 1,100)
  4. Registered Nurse Anesthetist (USD 1,100)
  5. Dentist (USD 970)
  6. Airline Pilot (USD 940)
  7. Intellectual Property Lawyer (USD 900)
  8. Marketing Manager (USD 800)
  9. Marketing Director (USD 800)
  10. Sales Director (USD 750)
  11. Sales Manager (USD 750)
  12. Petroleum Engineer (USD 750)
  13. Brand Manager (USD 730)
  14. Marketer (USD 730)
  15. Judge (USD 720)
  16. Treasurer (USD 710)
  17. Controller (USD 710)
  18. Pharmacist (USD 690)
  19. Tax Lawyer (USD 680)
  20. Lawyer (USD 680)
List with worst paid jobs in SurinameDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Suriname?

  1. Cashier (USD 130)
  2. Childcare Worker (USD 140)
  3. Stock clerk (USD 140)
  4. Elder Care Worker (USD 140)
  5. Receptionist (USD 150)
  6. Bartender (USD 160)
  7. Food and beverage server (USD 160)
  8. Janitor (USD 160)
  9. Waiter (USD 170)
  10. Tour Guide (USD 170)
  11. Customer Service Representative (USD 200)
  12. Hotel Concierge (USD 200)
  13. Rehabilitation Counselor (USD 200)
  14. Travel Agent (USD 220)
  15. Secretary (USD 230)
  16. Painter (USD 240)
  17. Carpenter (USD 240)
  18. Bus Driver (USD 250)
  19. Artist (USD 250)
  20. Truck Driver (USD 260)
List with best paid industries in SurinameDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 770)
  2. Business and Management (USD 660)
  3. Marketing and Sales (USD 610)
  4. Engineering (USD 560)
  5. Law (USD 530)
  6. Accounting and Finance (USD 520)
  7. Computer and Information Technology (USD 510)
  8. Transportation and Logistics (USD 500)
  9. Science (USD 500)
  10. Education and Training (USD 410)
  11. Other (USD 310)
  12. Hospitality and Tourism (USD 260)
  13. Social Services (USD 210)
  14. Services (USD 190)