| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Curacao Economy 2013
http://www.theodora.com/wfbcurrent/curacao/curacao_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES
GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese


Page last updated on February 5, 2013

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 grew slightly during the past decade, the island enjoys a high per capita income and a well-developed infrastructure compared with other countries in the region. Curacao has an excellent natural harbor that can accommodate large oil tankers. The Venezuelan state oil company leases the single refinery on the island from the government; most of the oil for the refinery is imported from Venezuela; most of the refined products are exported to the US. Almost all consumer and capital goods are imported, with the US, Brazil, Italy, and Mexico being the major suppliers. The government is attempting to diversify its industry and trade and has signed an Association Agreement with the EU to expand business there. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems complicate reform of the health and pension systems for an aging population.

GDP (purchasing power parity):
$2.838 billion (2008 est.)
country comparison to the world: 181

$2.606 billion (2007 est.)
$2.452 billion (2006 est.)
note: data are in 2008 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$5.08 billion (2008 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.5% (2008)
country comparison to the world: 99

2.2% (2007)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$15,000 (2004 est.)
country comparison to the world: 85
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 0.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15.5%
services: 83.8% (2010 est.)

Labor force:
63,000 (2008) (2008)
country comparison to the world: 187
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 16.9%
services: 81.8% (2008 est.)

Unemployment rate:
10.3% (2008 est.)
country comparison to the world: 112
[see also: Unemployment rate country ranks ]

Taxes and other revenues:
10.8% of GDP (2011 est.)
country comparison to the world: 207
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.9% of GDP (2011 est.)
country comparison to the world: 58
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
2.3% (2011 est.)
country comparison to the world: 42

1.3% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
aloe, sorghum, peanuts, vegetables, tropical fruit

Industries:
tourism, petroleum refining, petroleum transshipment facilities, light manufacturing

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$1.5 billion (2011 est.)
country comparison to the world: 151

$1.4 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
petroleum products

Imports:
$2.5 billion (2011 est.)
country comparison to the world: 155

$2.648 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
crude petroleum, food, manufactures

Exchange rates:
Netherlands Antillean guilders (ANG) per US dollar -

1.79 (2011)
1.79 (2011 est.)
1.79 (2010 est.)
1.79 (2009)
1.79 (2008)


NOTE: The information regarding Curacao on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Curacao Economy 2013 information contained here. All suggestions for corrections of any errors about Curacao Economy 2013 should be addressed to the CIA.


- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.
http://www.theodora.com/wfbcurrent/curacao/curacao_economy.html

This page was last modified 11-Mar-13
Copyright © 1995-2013 ITA all rights reserved.

    . Feedback