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World > North America > Netherlands Antilles > Economy (Facts)

Netherlands Antilles - Economy (Facts)
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 - real growth rate: 1% (2004 est.)
GDP (purchasing power parity): $2.8 billion (2004 est.)
GDP (official exchange rate): NA
GDP - per capita (PPP): $16,000 (2004 est.)
GDP - composition by sector: agriculture: 1%
industry: 15%
services: 84% (2000 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.)
Labor force: 83,600 (2005)
Labor force - by occupation: agriculture: 1%
industry: 20%
services: 79% (2005 est.)
Unemployment rate: 17% (2002 est.)
Budget: revenues: $757.9 million
expenditures: $949.5 million; including capital expenditures of NA (2004)
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.)
Agriculture - products: aloes, sorghum, peanuts, vegetables, tropical fruit
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: Netherlands Antillian Guilder (ANG)

Current Netherlands Antillian Guilder Exchange Rates
Historical Netherlands Antillian Guilder Exchange Rates
Chart Netherlands Antillian Guilder Exchange Rates
Currency code: ANG
Exchange rates: Netherlands Antillean guilders per US dollar - 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003), 1.79 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Netherlands Antillian Guilder Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Netherlands Antillian Guilder Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Foreign Relations
Relations with U.S.





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