Country Report Curaçao 1st Quarter 2020

Economic structure: Annual indicators

 2015a2016a2017a2018a2019b
GDP (US$ m)3,151.93,122.33,116.63,127.93,147.4
Real GDP growth (%)0.3-1.0-1.7-2.2-2.0
Consumer price inflation (av; %)-0.5-0.11.62.62.6
Population (‘000)157.0156.7160.3160.0158.7
Exports fob (US$ m)466.2416.4477.4608.9621.1
Imports fob (US$ m)-1,531.7-1,421.8-1,478.5-1,785.8-1,794.7
Current-account balance (US$ m)-519.2-566.0-681.5-899.3-828.9
Gross reserves excl gold (US$ m)1,344.81,490.71,334.41,325.01,282.38
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 2018% of total  
Financial intermediation16.0  
Transport and communications10.2  
Commerce9.2  
Manufacturing8.8  
Construction5.8  
Hotels and restaurants5.2  
Utilities2.0  
Agriculture, fishing and mining0.4  
Other sectors42.4  
    
Main destinations of exports 2018% of totalMain origins of imports 2018% of total
Netherlands19.5US30.5
Aruba12.7Netherlands23.3
US10.7Panama3.5
St. Maarten4.4Venezuela3.3
Venezuela1.0Puerto Rico2.7

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