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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
and the US being the major suppliers. Poor soils and inadequate
water supplies hamper the development of agriculture.
GDP: purchasing
power parity $2.4 billion (1997 est.)
GDP real growth
rate: -1.3% (1997 est.)
GDP per capita:
purchasing power parity $11,500 (1997 est.)
GDP composition
by sector:
agriculture: 1%
industry: 15%
services: 84% (1996 est.)
Inflation rate consumer
price index: 3.6% (1997)
Labor force:
total: 89,000
by occupation: government 65%, industry and commerce 28%
(1983)
Unemployment rate:
12.8% (1993)
Budget:
revenues: $277 million
expenditures: $322 million, including capital expenditures
of $14 million (1996 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 capacity:
200,000 kW (1995)
Electricity production:
840 million kWh (1995)
Electricity consumption
per capita: 4,128 kWh (1995)
Agriculture products:
aloes, sorghum, peanuts, vegetables, tropical fruit
Exports:
total value: $NA
commodities: petroleum products 98% (1993)
partners: US 39%, Brazil 9%, Colombia 6% (1993)
Imports:
total value: $1.4
billion (f.o.b., 1996 est.)
commodities: crude petroleum 64%, food, manufactures (1993)
partners: Venezuela
26%, US 18%, Colombia 6%,
Netherlands 6%, Japan 5% (1993)
Debt external:
$1.95 billion (December 1995)
Economic aid:
recipient: ODA, $NA;
the Netherlands Antilles received a $97 million Dutch aid package
in 1996, making it the Netherlands' second largest aid recipient
behind India
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
© CIA
1999
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