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. |
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Gdp purchasing power parity | $2.8 billion (2004 est.) |
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Gdp official exchange rate | NA |
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Gdp real growth rate | 1% (2004 est.) |
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Gdp per capita ppp | $16,000 (2004 est.) |
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Gdp composition by sector | agriculture: 1%
industry: 15%
services: 84% (2000 est.) |
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Labor force | 83,600 (2005) |
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Labor force by occupation | agriculture: 1%
industry: 20%
services: 79% (2005 est.) |
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Unemployment rate | 17% (2002 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 2.1% (2003 est.) |
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Budget | revenues: $757.9 million
expenditures: $949.5 million; including capital expenditures of $NA (2004) |
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Agriculture products | aloes, sorghum, peanuts, vegetables, tropical fruit |
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Industries | tourism (Curacao, Sint Maarten, and Bonaire), petroleum refining (Curacao), petroleum transshipment facilities (Curacao and Bonaire), light manufacturing (Curacao) |
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Industrial production growth rate | NA% |
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Electricity production | 1.005 billion kWh (2004) |
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Electricity consumption | 934.7 million kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 0 bbl/day (2004 est.) |
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Oil consumption | 70,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $2.076 billion f.o.b. (2004 est.) |
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Exports commodities | petroleum products |
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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) |
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Imports | $4.383 billion f.o.b. (2004 est.) |
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Imports commodities | crude petroleum, food, manufactures |
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Imports partners | Venezuela 47.2%, US 20.1%, Italy 7.2%, Netherlands 4.6% (2006) |
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Debt external | $2.68 billion (2004) |
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Economic aid recipient | $21.5 million
note: IMF provided $61 million in 2000, and the Netherlands continued its support with $40 million (2004) |
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Currency code | Netherlands Antillean guilder (ANG) |
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Exchange rates | Netherlands Antillean guilders per US dollar - 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003), 1.79 (2002) |
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Communications - Netherlands Antilles: |
Transportation - Netherlands Antilles: |
Military - Netherlands Antilles: |
This page was last updated on 16 September, 2007