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Netherlands Antilles Economy: from the All Country Info reference guide to country facts

Netherlands Antilles Economy

Netherlands Antilles Economy: A summary of information about Netherlands Antilles Economy, from government research data as well as independent research and other sources.

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Netherlands Antilles: Economy

Economy - overview
Tourism, petroleum transshipment, and offshore
finance are the mainstays of this small economy, which is closely tied
to the outside world. The islands enjoy a high per capita income and a
well-developed infrastructure as compared with other countries in the
region. Almost all consumer and capital goods are imported, with
Venezuela, the US, and Mexico being the major suppliers. Poor soils
and inadequate water supplies hamper the development of agriculture.
GDP
purchasing power parity - $2.4 billion (1998 est.)
GDP - real growth rate
-0.3% (1998 est.)
GDP - per capita
purchasing power parity - $11,800 (1998 est.)
GDP - composition by sector
agriculture: 1%
industry: 15%
services: 84% (1996 est.)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
1.1% (1998)
Labor force
89,000
Labor force - by occupation
agriculture 1%, industry 13%, services
86% (1994 est.)
Unemployment rate
14.9% (1998 est.)
Budget
revenues: $710.8 million
expenditures: $741.6 million, including capital expenditures of $NA
(1997 est.)
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
1.02 billion kWh (1998)
Electricity - production by source
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
949 million kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
0 kWh (1998)
Agriculture - products
aloes, sorghum, peanuts, vegetables, tropical
fruit
Exports
$303 million (f.o.b., 1998)
Exports - commodities
petroleum products 98% (1993)
Exports - partners
US 17.5%, Guatemala 8%, Costa Rica 6.5%, The
Bahamas 4.6%, Jamaica 4.1%, Chile 3.4% (1998)
Imports
$1.3 billion (c.i.f., 1998)
Imports - commodities
crude petroleum 64%, food, manufactures (1993)
Imports - partners
Venezuela 35.3%, US 21%, Mexico 9.8%, Italy 5.4%,
Netherlands 4.8%, Brazil 3.1% (1998)
Debt - external
$1.35 billion (1996)
Economic aid - recipient
$NA; note - Netherlands provided a $97
million aid package in 1996
Currency
1 Netherlands Antillean guilder, gulden, or florin (NAf.) =
100 cents
Exchange rates
Netherlands Antillean guilders, gulden, or florins
(NAf.) per US$1 - 1.790 (fixed rate since 1989)
Fiscal year
calendar year
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