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Netherlands Antilles Economy 2011
https://theodora.com/wfbcurrent/netherlands_antilles/netherlands_antilles_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES
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Page last updated on November 17, 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, with the US, Braxil, 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.)
country comparison to the world: 178
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1% (2004 est.)
country comparison to the world: 183
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$16,000 (2004 est.)
country comparison to the world: 70
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15%
[see also: GDP - composition by sector - industry country ranks ]
services: 84% (2000 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
91,470 (2007)
country comparison to the world: 183
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 20%
[see also: Labor force - by occupation - industry country ranks ]
services: 79% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
15.5% (2002 est.)
country comparison to the world: 154
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $757.9 million
[see also: Budget - revenues country ranks ]
expenditures: $949.5 million (2004)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
2.1% (2003 est.)
country comparison to the world: 61
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA% (31 December 2009)

NA% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
7.51% (31 December 2009 est.)
country comparison to the world: 115

8.33% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.517 billion (31 December 2009)

$1.295 billion (31 December 2008)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$4.286 billion (31 December 2009 est.)

$3.881 billion (31 December 2008 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.408 billion (31 December 2009)
country comparison to the world: 116

$3.286 billion (31 December 2008)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA (31 December 2009)
country comparison to the world: 19

$488.6 billion (2003)
[see also: Market value of publicly traded shares country ranks ]

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%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
1.22 billion kWh (2007 est.)
country comparison to the world: 143
[see also: Electricity - production country ranks ]

Electricity - consumption:
1.013 billion kWh (2007 est.)
country comparison to the world: 145
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2008 est.)
country comparison to the world: 141
[see also: Oil - production country ranks ]

Oil - consumption:
69,000 bbl/day (2009 est.)
country comparison to the world: 91
[see also: Oil - consumption country ranks ]

Oil - exports:
224,600 bbl/day (2007 est.)
country comparison to the world: 52
[see also: Oil - exports country ranks ]

Oil - imports:
298,500 bbl/day (2007 est.)
country comparison to the world: 37
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 151
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 157
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 131
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 87
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 148
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 152
[see also: Natural gas - proved reserves country ranks ]

Exports:
$3.71 billion (2006)
country comparison to the world: 120
[see also: Exports country ranks ]

Exports - commodities:
petroleum products

Exports - partners:
US 13.09%, Guatemala 10.84%, Singapore 10.65%, Dominican Republic 9.6%, Haiti 7.6%, Bahamas 6.05%, Honduras 4.54%, Mexico 4.2% (2009)

Imports:
$15.74 billion (2006)
country comparison to the world: 79
[see also: Imports country ranks ]

Imports - commodities:
crude petroleum, food, manufactures

Imports - partners:
Venezuela 57.3%, US 19.18%, Brazil 8.11% (2009)

Debt - external:
$2.68 billion (2004)
country comparison to the world: 135
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Netherlands Antillean guilders (ANG) per US dollar - 1.79 (2009), 1.79 (2008), 1.79 (2007), 1.79 (2006)


NOTE: The information regarding Netherlands Antilles on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Antilles Economy 2011 information contained here. All suggestions for corrections of any errors about Netherlands Antilles Economy 2011 should be addressed to the CIA.


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This page was last modified 09-Feb-11
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