ÿþ<html> <head> <title> Curacao Economy 2012, CIA World Factbook </title> <META NAME="Description" CONTENT="Curacao Economy 2012, CIA World Factbook"> <META NAME="keywords" CONTENT="Curacao, Economy, 2012, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; 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/* WFB Leaderboard */ google_ad_slot = "7548094546"; google_ad_width = 728; google_ad_height = 90; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"><td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line1.gif"></td></tr> <tr><td colspan="2" align="middle" background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="972"> <font size="-2"> <br></font> <font face="arial" size="5"><b>Curacao</b> Economy 2012</font> <br> <font size = "-2"> http://www.theodora.com/wfbcurrent/curacao/curacao_economy.html </font> <br> <font size="-2"><B>SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES</B></FONT></td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"> <td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line13.gif"></td></tr></table> <table border="0" bgcolor="#FFCC99" cellspacing="0" cellpadding="0" width="972" align="left" valign="top" hspace="0" vspace="0" units="pixels"> <tr><td background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="200" valign="top"> <font face="arial"> <br><br> <center> <script type="text/javascript"><!-- google_ad_client = "ca-pub-7437757543052749"; 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/* WFB Large Rectangle */ google_ad_slot = "8137512903"; google_ad_width = 336; google_ad_height = 280; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br> Page last updated on December 21, <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#economy_overview">Economy - overview:</a></b><br> 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. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b><br> $2.838 billion (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 177 <div class="category_data" style="padding-top: 3px;">$2.606 billion (2007 est.) <div class="category_data" style="padding-top: 3px;">$2.452 billion (2006 est.) <br><i> <em>note:</em></i> data are in 2008 US dollars <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_purchasing_power_parity_2012_0.html" target="_blank"><u>GDP country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_official_exchange_rate">GDP (official exchange rate):</a></b><br> $5.08 billion $5.08 billion (2008 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_official_exchange_rate_2012_0.html" target="_blank"><u>GDP (official exchange rate) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_real_growth_rate">GDP - real growth rate:</a></b><br> 3.5% (2008) <br><span style="padding-left:7px;">country comparison to the world: 114 <div class="category_data" style="padding-top: 3px;">2.2% (2007) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_real_growth_rate_2012_0.html" target="_blank"><u>GDP - real growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_per_capita">GDP - per capita:</a></b><br> $15,000 (2004 est.) <br><span style="padding-left:7px;">country comparison to the world: 82 <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_per_capita_2012_0.html" target="_blank"><u>GDP - per capita country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_composition_by_sector">GDP - composition by sector:</a></b><br> <i>agriculture:</i> 0.7% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_agriculture_2012_0.html" target="_blank"><u>GDP - composition by sector - agriculture country ranks</u></a> ] <br><i>industry:</i> 15.5% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_industry_2012_0.html" target="_blank"><u>GDP - composition by sector - industry country ranks</u></a> ] <br><i>services:</i> 83.8% (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_services_2012_0.html" target="_blank"><u>GDP - composition by sector - services country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force">Labor force:</a></b><br> 63,000 (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 185 <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_2012_0.html" target="_blank"><u>Labor force country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force_by_occupation">Labor force - by occupation:</a></b><br> <i>agriculture:</i> 1.2% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_agriculture_2012_0.html" target="_blank"><u>Labor force - by occupation - agriculture country ranks</u></a> ] <br><i>industry:</i> 16.9% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_industry_2012_0.html" target="_blank"><u>Labor force - by occupation - industry country ranks</u></a> ] <br><i>services:</i> 81.8% (2008 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_services_2012_0.html" target="_blank"><u>Labor force - by occupation - services country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#unemployment_rate">Unemployment rate:</a></b><br> 10.3% (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 111 <br>[see also: <a href="http://www.photius.com/rankings/economy/unemployment_rate_2012_0.html" target="_blank"><u>Unemployment rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#investment_gross_fixed">Investment (gross fixed):</a></b><br> 42.5% of GDP (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 9 <br>[see also: <a href="http://www.photius.com/rankings/economy/investment_2012_0.html" target="_blank"><u>Investment (gross fixed) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget">Budget:</a></b><br> <i>revenues:</i> $548.2 million <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_revenues_2012_0.html" target="_blank"><u>Budget revenues country ranks</u></a> ] <br><i>expenditures:</i> $596.3 million (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_expenditures_2012_0.html" target="_blank"><u>Budget expenditures country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#taxes_and_other_revenues">Taxes and other revenues:</a></b><br> 10.8% of GDP (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 204 <br>[see also: <a href="http://www.photius.com/rankings/economy/taxes_and_other_revenues_2012_0.html" target="_blank"><u>Taxes and other revenues country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget_surplus_or_deficit">Budget surplus (+) or deficit (-):</a></b><br> -0.9% of GDP (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 54 <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_surplus_or_deficit_2012_0.html" target="_blank"><u>Budget surplus (+) or deficit (-) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#inflation_rate_consumer_prices">Inflation rate (consumer prices):</a></b><br> 2.6% (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 37 <div class="category_data" style="padding-top: 3px;">3% (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/inflation_rate_2012_0.html" target="_blank"><u>Inflation rate (consumer prices) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#central_bank_discount_rate">Central bank discount rate:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/central_bank_discount_rate_2012_0.html" target="_blank"><u>Central bank discount rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#commercial_bank_prime_lending_rate">Commercial bank prime lending rate:</a></b><br> 14.5% (31 December 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 49 <div class="category_data" style="padding-top: 3px;">14.5% (31 December 2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/commercial_bank_prime_lending_rate_2012_0.html" target="_blank"><u>Commercial bank prime lending rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_narrow_money">Stock of narrow money:</a></b><br> $1.728 billion (31 December 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 126 <div class="category_data" style="padding-top: 3px;">$1.618 billion (31 December 2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_narrow_money_2012_0.html" target="_blank"><u>Stock of narrow money country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_broad_money">Stock of broad money:</a></b><br> $4.953 billion (31 December 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 128 <div class="category_data" style="padding-top: 3px;">$4.31 billion (31 December 2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_broad_money_2012_0.html" target="_blank"><u>Stock of broad money country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_domestic_credit">Stock of domestic credit:</a></b><br> $3.882 billion (31 December 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 119 <div class="category_data" style="padding-top: 3px;">$3.799 billion (31 December 2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_domestic_credit_2012_0.html" target="_blank"><u>Stock of domestic credit country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#agriculture_products">Agriculture - products:</a></b><br> aloe, sorghum, peanuts, vegetables, tropical fruit <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industries">Industries:</a></b><br> tourism, petroleum refining, petroleum transshipment facilities, light manufacturing <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industrial_production_growth_rate">Industrial production growth rate:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/industrial_production_growth_rate_2012_0.html" target="_blank"><u>Industrial production growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_production">Electricity - production:</a></b><br> 1.167 billion kWh (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 143 <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_production_2012_0.html" target="_blank"><u>Electricity - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_consumption">Electricity - consumption:</a></b><br> 968 million kWh (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 146 <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_consumption_2012_0.html" target="_blank"><u>Electricity - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_exports">Electricity - exports:</a></b><br> 0 kWh (2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_exports_2012_0.html" target="_blank"><u>Electricity - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_imports">Electricity - imports:</a></b><br> 0 kWh (2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_imports_2012_0.html" target="_blank"><u>Electricity - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_production">Oil - production:</a></b><br> 531.1 bbl/day (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 108 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_production_2012_0.html" target="_blank"><u>Oil - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_consumption">Oil - consumption:</a></b><br> 72,000 bbl/day (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 88 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_consumption_2012_0.html" target="_blank"><u>Oil - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_exports">Oil - exports:</a></b><br> 211,100 bbl/day (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 54 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_exports_2012_0.html" target="_blank"><u>Oil - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_imports">Oil - imports:</a></b><br> 291,700 bbl/day (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 38 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_imports_2012_0.html" target="_blank"><u>Oil - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_production">Natural gas - production:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 163 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_production_2012_0.html" target="_blank"><u>Natural gas - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_consumption">Natural gas - consumption:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 160 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_consumption_2012_0.html" target="_blank"><u>Natural gas - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_exports">Natural gas - exports:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 72 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_exports_2012_0.html" target="_blank"><u>Natural gas - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_imports">Natural gas - imports:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 168 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_imports_2012_0.html" target="_blank"><u>Natural gas - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_proved_reserves">Natural gas - proved reserves:</a></b><br> 0 cu m (1 January 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 119 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_proved_reserves_2012_0.html" target="_blank"><u>Natural gas - proved reserves country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#current_account_balance">Current account balance:</a></b><br> -$400 million (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 101 <div class="category_data" style="padding-top: 3px;">-$600 million (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/current_account_balance_2012_0.html" target="_blank"><u>Current account balance country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports">Exports:</a></b><br> $1.5 billion (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 148 <br><i> <em>note:</em></i> $1.4 billion (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/exports_2012_0.html" target="_blank"><u>Exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_commodities">Exports - commodities:</a></b><br> petroleum products <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports">Imports:</a></b><br> $2.5 billion (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 152 <div class="category_data" style="padding-top: 3px;">$2.8 billion (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/imports_2012_0.html" target="_blank"><u>Imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_commodities">Imports - commodities:</a></b><br> crude petroleum, food, manufactures <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exchange_rates">Exchange rates:</a></b><br> Netherlands Antillean guilders (ANG) per US dollar - <div class="category_data" style="padding-top: 3px;">1.79 (2011 est.) <div class="category_data" style="padding-top: 3px;">1.79 (2010 est.) <div class="category_data" style="padding-top: 3px;">1.79 (2009) <div class="category_data" style="padding-top: 3px;">1.79 (2008) <div class="category_data" style="padding-top: 3px;">1.79 (2007) </font> <p> <p> <BR> <P> <font size = "-2"><B> NOTE: The information regarding Curacao on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. 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