Netherlands Antilles:
Economy

Other pages in this profile of the Netherlands Antilles:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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, 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)	Definition - World rank and map $2.8 billion (2004 est.)
GDP (official exchange rate)	Definition $NA
GDP - real growth rate	Definition - World rank and map 1% (2004 est.)
GDP - per capita	Definition - World rank and map $16,000 (2004 est.)
GDP - composition by sector	Definition agriculture: 1% industry: 15% services: 84% (2000 est.)
Labor force	Definition 83,600 (2005)
Labor force - by occupation	Definition agriculture: 1% industry: 20% services: 79% (2005 est.)
Unemployment rate	Definition - World rank and map 17% (2002 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 2.1% (2003 est.)
Budget	Definition revenues: $757.9 million expenditures: $949.5 million (2004)
Agriculture - products	Definition aloes, sorghum, peanuts, vegetables, tropical fruit
Industries	Definition tourism (Curacao, Sint Maarten, and Bonaire), petroleum refining (Curacao), petroleum transshipment facilities (Curacao and Bonaire), light manufacturing (Curacao)
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 1.175 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 891 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 3,953.6 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 68,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 301.7 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 217,800 bbl/day (2004)
Oil - imports	Definition - World rank and map 282,500 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $3.71 billion f.o.b. (2006)
Exports - commodities	Definition petroleum products
Exports - partners	Definition US 18.2%, Panama 13.6%, Mexico 10.7%, Singapore 6.6%, Haiti 6.4%, Bahamas, The 5.1% (2006)
Imports	Definition - World rank and map $15.74 billion f.o.b. (2006)
Imports - commodities	Definition crude petroleum, food, manufactures
Imports - partners	Definition Venezuela 72.8%, US 12.3%, Netherlands 2.4% (2006)
Debt - external	Definition - World rank and map $2.68 billion (2004)
Stock of direct foreign investment - at home	Definition $NA
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $488.6 billion (2003)
Economic aid - recipient	Definition $21.32 million (2004)
Currency (code)	Definition Netherlands Antillean guilder (ANG)
Exchange rates	Definition Netherlands Antillean guilders per US dollar - NA (2007), 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003)
Fiscal year	Definition calendar year

Netherlands Antilles: Economy

Netherlands Antilles:
Economy