header HomePlacesMapsMap Products & ServicesHotels & TravelDestination GuidesWeb DirectoryContact

Netherlands Antilles:
Economy

Flag of Netherlands Antilles
Click to enlarge

Netherlands Antilles Page


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


Google
 
Web sitesatlas.com