Country Report Curaçao 1st Quarter 2021

Economic structure: Annual indicators

 2016a2017a2018a2019a2020b
GDP (US$ m)3,122.33,116.63,127.93,316.32,692.3
Real GDP growth (%)-1.0-1.7-2.23.4b-21.0
Consumer price inflation (av; %)-0.11.62.62.62.2a
Population (‘000)156.7160.3160.0158.7b159.0
Exports fob (US$ m)362.3425.0528.0398.2360.4
Imports fob (US$ m)-1,426.4-1,468.9-1,736.1-1,460.9-1,263.7
Current-account balance (US$ m)-585.2-680.0-862.6-539.0-552.7
Gross reserves excl gold (US$ m)1,490.71,334.41,325.01,282.41,282.38
Exchange rate (Naf:US$)1.791.791.791.791.79a
a Actual. b Economist Intelligence Unit estimates.

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Origins of gross domestic product 2018% of totalComponents of gross domestic product 2009% of total
Financial intermediation16.0Private consumption69.2
Transport and communications10.2Fixed investment37.8
Commerce9.2Government consumption16.5
Manufacturing8.8Exports of goods & services60.7
Construction5.8Imports of goods & services84.0
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
Sint Maarten4.4Venezuela3.3
Venezuela1.0Puerto Rico2.7

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