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Country Report Curaçao 3rd Quarter 2017
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HTMLEconomic structure: Quarterly indicators
| 2015 | 2016 | 2017 | ||||||
| 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | |
| Output | ||||||||
| Real GDP (% change, year on year) | 0.3 | 0.3 | 0.2 | -0.2 | 0.0 | -1.0 | n/a | n/a |
| Prices | ||||||||
| Consumer prices (% change, year on year) | -0.2 | -1.3 | 0.0 | -0.2 | -0.6 | 0.6 | 1.7 | 1.8 |
| Financial indicators | ||||||||
| Exchange rate Naf:US$ (av) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | n/a |
| Exchange rate Naf:US$ (end-period) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | n/a |
| Deposit rate (av; %) | 1.3 | 1.2 | 1.2 | 1.2 | n/a | n/a | n/a | n/a |
| Lending rate (av; %) | 7.3 | 6.9 | 6.5 | 6.3 | n/a | n/a | n/a | n/a |
| Treasury bill rate (av; %) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | n/a |
| Government bond yield rate (av; %) | 0.1 | 0.0 | -0.3 | -0.5 | -0.5 | -0.3 | -0.3 | n/a |
| M1 (end-period; Naf m) | 3,619.9 | 3,608.9 | 3,819.1 | 3,840.5 | 3,678.7 | 3,673.3 | 3,796.7 | 3,840.0 |
| M1 (% change, year on year) | 0.2 | -1.0 | 2.4 | 4.5 | 1.6 | 1.8 | -0.6 | 0.0 |
| M2 (end-period; Naf m) | 7,923.6 | 7,973.1 | 8,195.8 | 8,182.4 | 8,018.2 | 8,130.1 | 4,465.2 | 4,452.4 |
| M2 (% change, year on year) | 2.1 | 2.4 | 3.6 | 3.0 | 1.2 | 2.0 | -45.5 | -45.6 |
| Sectoral trends in tourism | ||||||||
| Stay-over visitors (‘000) | 116.7 | 130.5 | 127.5 | 97.1 | 108.3 | 108.3 | 109.2 | 92.2 |
| Cruise tourism (‘000) | 79.7 | 155.9 | 188.0 | 81.9 | 51.4 | 147.6 | 200.9 | 105.5 |
| Foreign trade and payments (Naf m) | ||||||||
| Goods: exports fob | 177.9 | 230.1 | 161.5 | 181.2 | 177.1 | 225.7 | n/a | n/a |
| Goods: imports fob | 679.3 | 726.9 | 575.7 | 599.5 | 649.3 | 720.5 | n/a | n/a |
| Merchandise trade balance fob-fob | -501.4 | -496.8 | -414.3 | -418.3 | -472.2 | -494.7 | n/a | n/a |
| Services balance | 236.7 | 272.5 | 302.7 | 196.5 | 178.1 | 215.2 | n/a | n/a |
| Income balance | -18.8 | 3.4 | -9.4 | 0.2 | -11.2 | -9.4 | n/a | n/a |
| Net transfer payments | -25.3 | -15.3 | -11.7 | -9.3 | -30.2 | -25.0 | n/a | n/a |
| Workers' remittances | 25.6 | 27.2 | 19.3 | 15.1 | 15.0 | 15.0 | n/a | n/a |
| Current-account balance | -298.9 | -236.3 | -132.6 | -231.0 | -335.6 | -313.9 | n/a | n/a |
| Sources: IMF, International Financial Statistics; Centrale Bank van Curaçao en Sint Maarten. | ||||||||
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