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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Imports: Imports - commodities: Exchange rates:
NOTE: 1) The information regarding Curacao on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Curacao Economy 2012 information contained here. All suggestions for corrections of any errors about Curacao Economy 2012 should be addressed to the CIA.
$2.838 billion (2008 est.)
country comparison to the world: 177
note: data are in 2008 US dollars
[see also: GDP country ranks ]
$5.08 billion $5.08 billion (2008 est.)
[see also: GDP (official exchange rate) country ranks ]
3.5% (2008)
country comparison to the world: 114
[see also: GDP - real growth rate country ranks ]
$15,000 (2004 est.)
country comparison to the world: 82
[see also: GDP - per capita country ranks ]
agriculture: 0.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15.5%
[see also: GDP - composition by sector - industry country ranks ]
services: 83.8% (2010 est.)
[see also: GDP - composition by sector - services country ranks ]
63,000 (2008 est.)
country comparison to the world: 185
[see also: Labor force country ranks ]
agriculture: 1.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 16.9%
[see also: Labor force - by occupation - industry country ranks ]
services: 81.8% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]
10.3% (2008 est.)
country comparison to the world: 111
[see also: Unemployment rate country ranks ]
42.5% of GDP (2011 est.)
country comparison to the world: 9
[see also: Investment (gross fixed) country ranks ]
revenues: $548.2 million
[see also: Budget revenues country ranks ]
expenditures: $596.3 million (2011 est.)
[see also: Budget expenditures country ranks ]
10.8% of GDP (2011 est.)
country comparison to the world: 204
[see also: Taxes and other revenues country ranks ]
-0.9% of GDP (2011 est.)
country comparison to the world: 54
[see also: Budget surplus (+) or deficit (-) country ranks ]
2.6% (2011 est.)
country comparison to the world: 37
[see also: Inflation rate (consumer prices) country ranks ]
NA%
[see also: Central bank discount rate country ranks ]
14.5% (31 December 2011 est.)
country comparison to the world: 49
[see also: Commercial bank prime lending rate country ranks ]
$1.728 billion (31 December 2011 est.)
country comparison to the world: 126
[see also: Stock of narrow money country ranks ]
$4.953 billion (31 December 2011 est.)
country comparison to the world: 128
[see also: Stock of broad money country ranks ]
$3.882 billion (31 December 2011 est.)
country comparison to the world: 119
[see also: Stock of domestic credit country ranks ]
aloe, sorghum, peanuts, vegetables, tropical fruit
tourism, petroleum refining, petroleum transshipment facilities, light manufacturing
NA%
[see also: Industrial production growth rate country ranks ]
1.167 billion kWh (2008 est.)
country comparison to the world: 143
[see also: Electricity - production country ranks ]
968 million kWh (2008 est.)
country comparison to the world: 146
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
531.1 bbl/day (2010 est.)
country comparison to the world: 108
[see also: Oil - production country ranks ]
72,000 bbl/day (2010 est.)
country comparison to the world: 88
[see also: Oil - consumption country ranks ]
211,100 bbl/day (2009 est.)
country comparison to the world: 54
[see also: Oil - exports country ranks ]
291,700 bbl/day (2009 est.)
country comparison to the world: 38
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 163
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 160
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 72
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 168
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 119
[see also: Natural gas - proved reserves country ranks ]
-$400 million (2011 est.)
country comparison to the world: 101
[see also: Current account balance country ranks ]
$1.5 billion (2011 est.)
country comparison to the world: 148
note: $1.4 billion (2010 est.)
[see also: Exports country ranks ]
petroleum products
$2.5 billion (2011 est.)
country comparison to the world: 152
[see also: Imports country ranks ]
crude petroleum, food, manufactures
Netherlands Antillean guilders (ANG) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12