Country Report Curaçao 1st Quarter 2019

Economic structure: Annual indicators

 2014a2015a2016a2017a2018b
GDP (US$ m)3,158.43,151.93,122.33,116.6b3,133.9
Real GDP growth (%)-1.10.3-1.0-1.7b-2.0
Consumer price inflation (av; %)1.6-0.5-0.11.62.6
Population (‘000)154.8157.0156.7156.6156.5
Exports fob (US$ m)691.9466.2416.4477.4484.6
Imports fob (US$ m)-1,818.7-1,531.7-1,421.8-1,478.5-1,500.6
Current-account balance (US$ m)-505.9-519.2-566.0-681.5-628.3
Gross reserves excl gold (US$ m)1,407.71,344.81,490.71,334.41,107.50
Exchange rate (Naf:US$)1.791.791.791.791.79
a Actual. b Economist Intelligence Unit estimates.

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Origins of gross domestic product 2017% of totalComponents of gross domestic product 2009% of total
Financial intermediation 11.6Private consumption69.2
Transport & communications 10.2Fixed investment37.8
Manufacturing 10.1Government consumption16.5
Commerce 9.1Exports of goods & services60.7
Construction6.1Imports of goods & services84.0
Hotels & restaurants4.7  
Utilities 2.0  
Agriculture, fishing & mining 0.4  
Other sectors45.8  
    
Main destinations of exports 2015% of totalMain origins of imports 2015% of total
Caribbean24.4US33.1
US5.3Venezuela21.5
Venezuela5.2Netherlands13.1
Aruba4.5Asia10.9
Netherlands3.9Caribbean6.2

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