Verified Facts

Official NameCo-operative Republic of Guyana
CapitalGeorgetown
Population772,975
Area214,969 km² (83,000 sq mi)
LanguagesEnglish
CurrencyGuyanese dollar ($)
TimezoneUTC-04:00
RegionAmericas / South America
Drives onLeft
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$80,155 (2024)
Inflation Rate2.9% (2024)
Health Spend per Capita$505 (2023)
Out-of-Pocket Health Spend26.3% (2023)
Source: World Bank Open Data

Guyana is generally cheaper than Suriname, with a cost of living difference of around 15-20% in favor of Guyana.

Quick Facts

Guyana GDP per Capita (PPP)$4,610
Suriname GDP per Capita (PPP)$6,330
Guyana Inflation Rate2.5%
Suriname Inflation Rate4.5%
Overall Winner (Cheaper)Guyana

Overview: Guyana vs Suriname

Guyana and Suriname are two neighboring countries in South America, sharing a common border and cultural heritage. However, they have distinct economic profiles, with Guyana relying heavily on agriculture and mining, while Suriname has a more diversified economy with a strong focus on services and industry. The cost of living in Guyana is generally lower than in Suriname, with prices for accommodation, food, and transportation being relatively cheaper. This is partly due to Guyana's lower GDP per capita and inflation rate, which contribute to a more affordable lifestyle.

The economic context of both countries also plays a significant role in shaping their cost of living. Guyana's economy is driven by its natural resources, including gold, bauxite, and timber, while Suriname's economy is more service-oriented, with a growing tourism sector. As a result, Suriname tends to have a more developed infrastructure and a higher standard of living, which is reflected in its higher prices. Despite this, Guyana offers a more affordable lifestyle, making it an attractive option for expats, students, and retirees looking for a budget-friendly destination.

Rent & Housing Comparison

ItemGuyana (USD)Suriname (USD)Difference
1BR Apartment (City Center)$200$30033% cheaper in Guyana
1BR Apartment (Outside)$150$25040% cheaper in Guyana
3BR Apartment (City Center)$400$60033% cheaper in Guyana

Food & Dining Comparison

ItemGuyana (USD)Suriname (USD)Difference
Meal at Restaurant$10$1533% cheaper in Guyana
Groceries (monthly)$300$40025% cheaper in Guyana
Beer (500ml)$2$333% cheaper in Guyana
Coffee$1.50$2.5040% cheaper in Guyana

Transport Comparison

ItemGuyana (USD)Suriname (USD)Difference
Monthly Transit Pass$20$3033% cheaper in Guyana
Taxi (per km)$1$1.5033% cheaper in Guyana
Fuel (per liter)$0.80$1.0020% cheaper in Guyana

Utilities & Internet Comparison

ItemGuyana (USD)Suriname (USD)Difference
Utilities (85 sqm apt)$100$15033% cheaper in Guyana
Internet (60 Mbps)$30$4025% cheaper in Guyana
Mobile Plan$20$3033% cheaper in Guyana

Monthly Budget Comparison

Budget TierGuyana (USD)Suriname (USD)Savings
Budget$800$1,20033% cheaper in Guyana
Mid-Range$1,200$1,80033% cheaper in Guyana
Comfortable$2,000$3,00033% cheaper in Guyana

Where Each Country Wins

  • Guyana is cheaper for:
  • Rent and accommodation, with prices up to 40% lower than in Suriname
  • Food and dining, with meal prices up to 33% lower than in Suriname
  • Transportation, with fuel prices up to 20% lower than in Suriname
  • Utilities and internet, with prices up to 33% lower than in Suriname
  • Suriname is cheaper for:
  • Certain imported goods, which may be subject to lower tariffs and taxes
  • High-end dining and entertainment options, which may be more readily available in Suriname
  • Tourist attractions and activities, which may be more developed in Suriname
  • Certain types of accommodation, such as luxury hotels and resorts, which may be more competitively priced in Suriname

Bottom Line

Guyana offers a more affordable lifestyle compared to Suriname, making it an attractive option for expats, students, and retirees looking for a budget-friendly destination. With its lower cost of living, Guyana provides a great opportunity for individuals to experience the beauty and culture of South America without breaking the bank. However, Suriname may be a better fit for those who value a more developed infrastructure, a higher standard of living, and a wider range of amenities and services. Ultimately, the choice between Guyana and Suriname depends on individual priorities and lifestyle preferences.