Netherlands Antilles

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Introduction - Netherlands Antilles:
Location - Netherlands Antilles:
People - Netherlands Antilles:
Government - Netherlands Antilles:
Economy - Netherlands Antilles:

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 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.

Gdp purchasing power parity

$2.8 billion (2004 est.)

Gdp official exchange rate

NA

Gdp real growth rate

1% (2004 est.)

Gdp per capita ppp

$16,000 (2004 est.)

Gdp composition by sector

agriculture: 1%
industry: 15%
services: 84% (2000 est.)

Labor force

83,600 (2005)

Labor force by occupation

agriculture: 1%
industry: 20%
services: 79% (2005 est.)

Unemployment rate

17% (2002 est.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

2.1% (2003 est.)

Budget

revenues: $757.9 million
expenditures: $949.5 million; including capital expenditures of $NA (2004)

Agriculture products

aloes, sorghum, peanuts, vegetables, tropical fruit

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

1.005 billion kWh (2004)

Electricity consumption

934.7 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

70,000 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$2.076 billion f.o.b. (2004 est.)

Exports commodities

petroleum products

Exports partners

US 27.4%, Panama 13.8%, Mexico 8.5%, Haiti 5.4%, Singapore 4.9%, Venezuela 4.7%, Bahamas, The 4.3% (2006)

Imports

$4.383 billion f.o.b. (2004 est.)

Imports commodities

crude petroleum, food, manufactures

Imports partners

Venezuela 47.2%, US 20.1%, Italy 7.2%, Netherlands 4.6% (2006)

Debt external

$2.68 billion (2004)

Economic aid recipient

$21.5 million
note: IMF provided $61 million in 2000, and the Netherlands continued its support with $40 million (2004)

Currency code

Netherlands Antillean guilder (ANG)

Exchange rates

Netherlands Antillean guilders per US dollar - 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003), 1.79 (2002)

Communications - Netherlands Antilles:
Transportation - Netherlands Antilles:
Military - Netherlands Antilles:
This page was last updated on 16 September, 2007
Source: CIA >>>


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Netherlands Antilles




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