Country Report Curaçao 3rd Quarter 2016

Economic structure: Quarterly indicators

 2014 2015   2016 
 3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr
Output        
Real GDP (% change, year on year)0.10.0-0.20.40.3n/an/an/a
Prices        
Consumer prices (% change, year on year)2.71.90.2-0.6-0.2-1.3n/an/a
Financial indicators        
Exchange rate Naf:US$ (av)1.791.791.791.791.791.791.791.79
Exchange rate Naf:US$ (end-period)1.791.791.791.791.791.791.791.79
Deposit rate (av; %)1.21.21.21.21.31.21.21.2
Lending rate (av; %)7.66.86.57.27.36.96.56.3
Treasury-bill rate (av; %)1.01.01.01.01.01.01.01.0
Government bond yield rate (av; %)0.30.10.00.10.10.0-0.3-0.5
M1 (end-period; Naf m)3,611.83,644.43,727.93,674.53,619.93,608.93,819.13,840.5
M1 (% change, year on year)12.15.65.61.20.2-1.02.44.5
M2 (end-period; Naf m)7,757.37,785.97,913.27,940.37,923.67,973.18,195.88,182.4
M2 (% change, year on year)5.84.03.83.12.12.43.63.0
Sectoral trends in tourism        
Stay-over visitors (‘000)115.1128.5122.1100.4116.7130.8127.597.1
Cruise tourism (‘000)95.6178.9188.886.779.7155.9188.081.9
Foreign trade and payments (Naf m)        
Goods: exports fob305.5357.0229.6202.1177.9249.0161.5n/a
Goods: imports fob858.7828.5647.7697.8669.4692.5567.4n/a
Merchandise trade balance fob-fob-553.2-471.5-418.1-495.7-491.5-443.5-405.9n/a
Services balance363.3320.6351.6220.2229.2276.7305.9n/a
Income balance-15.9-15.76.710.8-18.83.0-9.4n/a
Net transfer payments-46.3-28.4-26.7-19.3-25.3-15.3-18.3n/a
 Workers' remittances20.523.323.524.225.627.219.3n/a
Current-account balance-252.1-195.1-86.5-284.0-306.4-179.1-127.8n/a
Sources: IMF, International Financial Statistics; Centrale Bank van Curaçao en Sint Maarten.

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