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Netherlands Antilles Economy
View the information below regarding the economy of Netherlands Antilles. The summary and statistics contains
gdp, industry, agriculture and more for Netherlands Antilles. If you need other information please visit the
Netherlands Antilles Country Page.
Netherlands Antilles Government
Netherlands Antilles People
Netherlands Antilles Geography
Netherlands Antilles History
Economy (2002) GDP (purchasing power parity): $2.0 billion. Real growth rate: 0.7%. GDP per capita: $15,959. Natural resources: Beaches. Tourism/Services (84% GDP): Curacao, Sint Maarten, Bonaire. Industry (15% GDP): Types--petroleum refining (Curacao), petroleum transshipment facilities (Curacao and Bonaire), light manufacturing (Curacao). Agriculture (1% GDP): Products--aloes, sorghum, peanuts, vegetables, tropical fruit. Trade: Exports ($355 million, 2002)--petroleum products. Major markets--U.S. 24%, Venezuela 15%, Guatemala 10%, Singapore 6%. Imports ($2.82 billion f.o.b. 2001)--machinery and electrical equipment, crude oil (for refining and re-export)--chemicals, foodstuffs. Major suppliers--Venezuela 59.8%, U.S. 12.55%. Exchange rate (2003): US$1=1.78 ANG.
Economy of Netherlands Antilles
Tourism and the offshore financial sector have been the mainstays of the Netherlands Antillean's economy since the 1970s. The late 1980s and early 1990s brought growth, but hurricanes, pressure on the offshore sector, tighter monetary policy, and debt accumulation have caused contraction since 1996. High debt led the Government of the Netherlands Antilles to seek assistance from the IMF and the Dutch Government, through the IMF's Structural Adjustment Program. The current administration seeks to lessen dependency on the IMF, which has damaged the economy. The unemployment rate remains high, at around 14%, but the Bank van de Nederlandse Antillen is predicting modest recovery of demand and perhaps even growth in the near future. The economy remains dependent on tourism, which has suffered from the terrorist attacks of September 11, 2001, and lacks major agriculture or manufacturing, with the primary source of exports coming from the oil refining industry. Overall, these islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region.
source: http://www.state.gov
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Netherlands Antilles Government
Netherlands Antilles People
Netherlands Antilles Geography
Netherlands Antilles History
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