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 grew slightly during the past decade, the island enjoys a high per capita income and a well-developed infrastructure compared with other countries in the region. Curacao has an excellent natural harbor that can accommodate large oil tankers. Venezuelan state oil company PdVSA leases the single refinery on the island from the government; most of the oil for the refinery is imported from Venezuela; most of the refined products are exported to the US. Almost all consumer and capital goods are imported, with the US, Brazil, Italy, and Mexico being the major suppliers. The government is attempting to diversify its industry and trade and has signed an Association Agreement with the EU to expand business there. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems complicate reform of the health and education systems. Pension system reforms are pending. A new basic health package was implemented in 2013.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Exports: Exports - commodities: Imports: Imports - commodities: Exchange rates:
NOTE: 1) The information regarding Curacao on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Curacao Economy 2014 information contained here. All suggestions for corrections of any errors about Curacao Economy 2014 should be addressed to the CIA.
$2.838 billion (2008 est.)
country comparison to the world: 183
note:
data are in 2008 US dollars
[see also: GDP country ranks ]
$5.08 billion (2008 est.)
[see also: GDP (official exchange rate) country ranks ]
0% (2012 est.)
country comparison to the world: 181
[see also: GDP - real growth rate country ranks ]
$15,000 (2004 est.)
country comparison to the world: 90
[see also: GDP - per capita country ranks ]
agriculture: 0.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
15.5%
services:
83.8% (2012 est.)
aloe, sorghum, peanuts, vegetables, tropical fruit
tourism, petroleum refining, petroleum transshipment facilities, light manufacturing
NA%
[see also: Industrial production growth rate country ranks ]
62,040 (2011)
country comparison to the world: 186
[see also: Labor force country ranks ]
agriculture: 1.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
16.9%
services:
81.8% (2008 est.)
9.8% (2011 est.)
country comparison to the world: 104
[see also: Unemployment rate country ranks ]
10.8% of GDP (2011 est.)
country comparison to the world: 207
[see also: Taxes and other revenues country ranks ]
-0.9% of GDP (2011 est.)
country comparison to the world: 62
[see also: Budget surplus (+) or deficit (-) country ranks ]
2.3% (2011 est.)
country comparison to the world: 55
[see also: Inflation rate (consumer prices) country ranks ]
$1.5 billion (2011 est.)
country comparison to the world: 145
[see also: Exports country ranks ]
petroleum products
$2.5 billion (2011 est.)
country comparison to the world: 155
[see also: Imports country ranks ]
crude petroleum, food, manufactures
Netherlands Antillean guilders (ANG) per US dollar -
note:
the Netherland Antillean guilder was replaced by the newly created Caribbean guilder in 2013
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14