| Economy | Netherlands Antilles |
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Economy - overview:
|
Tourism, petroleum refining, and offshore finance are the mainstays of this small economy, which is closely tied to the outside world. Although GDP has declined or grown slightly in each of the past eight years, the islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region. Most of the oil Netherlands Antilles imports for its refineries come from Venezuela. Almost all consumer and capital goods are imported, the US, Italy, and Mexico being the major suppliers. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems hamper reform of the health and pension systems of an aging population. The Netherlands provides financial aid to support the economy. |
GDP (purchasing power parity):
|
$2.8 billion (2004 est.) |
GDP - per capita (PPP):
|
$16,000 (2004 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
1% (2004 est.) |
GDP - composition by sector:
|
agriculture: 1%
industry: 15%
services: 84% (2000 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
2.1% (2003 est.) |
Central bank discount rate:
|
NA |
Commercial bank prime lending rate:
|
9.21% (31 December 2007) |
Stock of money:
|
$1.133 billion (31 December 2007) |
Stock of money - per capita:
|
4,991 USD per capita |
Stock of quasi money:
|
$2.309 billion (31 December 2007) |
Stock of quasi money - per capita:
|
10,170 USD per capita |
Stock of domestic credit:
|
$2.927 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
12,892 USD per capita |
Labor force:
|
83,600 (2005) |
Labor force participation rate:
|
36.82 % of population |
Labor force - by occupation:
|
agriculture: 1%
industry: 20%
services: 79% (2005 est.) |
Unemployment rate:
|
17% (2002 est.) |
Budget:
|
revenues: $757.9 million
expenditures: $949.5 million (2004) |
Budget revenues per capita:
|
3,339 USD per capita |
Public debt:
|
void |
Industries:
|
tourism (Curacao, Sint Maarten, and Bonaire), petroleum refining (Curacao), petroleum transshipment facilities (Curacao and Bonaire), light manufacturing (Curacao) |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
1.195 billion kWh (2006 est.) |
Electricity - production per capita:
|
5,264 kWh per capita |
Electricity - consumption:
|
992 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
4,370 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
67,450 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
108.43 bbl/year per capita |
Oil - exports:
|
206,900 bbl/day (2005) |
Oil - imports:
|
277,600 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
aloes, sorghum, peanuts, vegetables, tropical fruit |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$3.71 billion f.o.b. (2006) |
Exports per capita:
|
16,341 USD per capita |
Exports - commodities:
|
petroleum products |
Exports - partners:
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US 18.9%, Mexico 13.3%, Panama 11.4%, Singapore 6.9%, Haiti 6.6%, The Bahamas 5.3% (2007) |
Imports:
|
$15.74 billion f.o.b. (2006) |
Imports per capita:
|
69,325 USD per capita |
Imports - commodities:
|
crude petroleum, food, manufactures |
Imports - partners:
|
Venezuela 59.1%, US 17.7%, Brazil 7.1% (2007) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$2.68 billion (2004) |
Debt - external - per capita:
|
11,804 USD per capita |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
$NA |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$488.6 billion (2003) |
Market value of publicly traded shares - per capita:
|
2,151,959 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$21.32 million (2004) |
Economic aid - recipient per capita:
|
94 USD per capita |
Currency (code):
|
Netherlands Antillean guilder (ANG) |
Exchange rates:
|
Netherlands Antillean guilders (ANG) per US dollar - NA (2007), 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003) |
Fiscal year:
|
calendar year |
|
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