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Netherlands Antilles Economy 2010
https://workmall.com/wfb2010/netherlands_antilles/netherlands_antilles_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Netherlands Antilles Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 15, 2010

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. The Venezuelan state oil company owns the single refinery on the island; most of the oil for the refinery is imported 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 (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:
91,470 (2007)

Labor force - by occupation:
agriculture: 1%
industry: 20%
services: 79% (2005 est.)

Unemployment rate:
15.5% (2002 est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $757.9 million
expenditures: $949.5 million (2004)

Inflation rate (consumer prices):
2.1% (2003 est.) est.)

Central bank discount rate:
NA% (31 December 2008)

Commercial bank prime lending rate:
8.33% (31 December 2008)

9.21% (31 December 2007)

Stock of money:
$NA (31 December 2008)

$997.8 million (31 December 2007)

Stock of quasi money:
$NA (31 December 2008)

$2.309 billion (31 December 2007)

Stock of domestic credit:
$NA (31 December 2008)

$2.927 billion (31 December 2007)

Market value of publicly traded shares:
$NA (31 December 2008)

$488.6 billion (2003)

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:
1.22 billion kWh (2007 est.)

Electricity - consumption:
1.013 billion kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
0 kWh (2008 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
71,000 bbl/day (2008 est.)

Oil - exports:
224,600 bbl/day (2007 est.)

Oil - imports:
298,500 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
0 cu m (2008 est.)

Natural gas - consumption:
0 cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
0 cu m (1 January 2009 est.)

Exports:
$3.71 billion (2006 est.)

Exports - commodities:
petroleum products

Exports - partners:
US 19%, Guatemala 10.6%, Dominican Republic 9.3%, Haiti 7.4%, Singapore 6.7%, Bahamas, The 5.9%, Italy 4.5%, Honduras 4.4%, Mexico 4.1% (2008)

Imports:
$15.74 billion (2006 est.)

Imports - commodities:
crude petroleum, food, manufactures

Imports - partners:
Venezuela 58.8%, US 19%, Brazil 5.9% (2008)

Debt - external:
$2.68 billion (2004 est.)

Stock of direct foreign investment - at home:
$NA

Stock of direct foreign investment - abroad:
$NA

Exchange rates:
Netherlands Antillean guilders (ANG) per US dollar - NA (2007), 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003)


NOTE: The information regarding Netherlands Antilles on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Antilles Economy 2010 information contained here. All suggestions for corrections of any errors about Netherlands Antilles Economy 2010 should be addressed to the CIA.






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