Country Report Curaçao 4th Quarter 2021

Economic structure: Annual indicators

 2017a2018a2019a2020a2021b
GDP (US$ m)3,116.63,127.93,313.52,779.03,063.1
Real GDP growth (%)-1.7-2.23.4-18.46.5
Consumer price inflation (av; %)1.6-22.42.52.33.7
Population ('000)160.3160.0158.7156.2153.7
Exports fob (US$ m)425.0586.0398.2271.1303.6
Imports fob (US$ m)-1,468.9-1,757.0-1,461.0-1,210.1-1,325.1
Current-account balance (US$ m)-680.0-812.7-538.8-688.4-729.7
Gross reserves excl gold (US$ m)1,334.41,325.01,282.41,282.4b1,282.38
Exchange rate (Naf:US$)1.791.791.791.791.79
a Actual. b EIU estimates.

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Origins of gross domestic product 2018% of totalComponents of gross domestic product 2009% of total
Agriculture, fishing & mining0.4Private consumption69.2
Manufacturing8.8Government consumption16.5
 Utilities2.0Fixed investment37.8
Construction5.8Exports of goods & services60.7
Commerce9.2Imports of goods & services84.0
Hotels & restaurants5.2  
Transport & communications10.2  
Financial intermediation16.0  
Other sectors42.4  
    
Main destinations of exports 2018% of totalMain origins of imports 2018% of total
Netherlands 19.5 US30.5
Aruba12.7Netherlands23.3
US10.7Puerto Rico2.7
Sint Maarten4.4Panama3.5
Venezuela1.0Venezuela 3.3

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