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Country Report Curaçao 3rd Quarter 2022
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HTMLEconomic structure: Quarterly indicators
| 2020 | 2021 | 2022 | ||||||
| 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | |
| Output | ||||||||
| Real GDP (% change, year on year) | -20.4 | -18.4 | -13.0 | 23.6 | 11.0 | 4.0 | 19.0 | n/a |
| Prices | ||||||||
| Consumer prices (% change, year on year) | 2.0 | 2.2 | 2.9 | 4.2 | 3.8 | 4.2 | n/a | n/a |
| Financial indicators | ||||||||
| Exchange rate Naf:US$ (av) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Exchange rate Naf:US$ (end-period) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Government bond yield rate (av; %) | -0.6 | -0.7 | -0.6 | -0.5 | -0.6 | -0.4 | 0.1 | n/a |
| M1 (end-period; Naf m) | 4,453.2 | 4,496.5 | 4,809.6 | 4,923.0 | 5,031.3 | 5,197.6 | 4,912.6 | n/a |
| M1 (% change, year on year) | 3.4 | 4.5 | 11.3 | 10.3 | 13.0 | 15.6 | 2.1 | n/a |
| M2 (end-period; Naf m) | 8,778.0 | 8,837.7 | 9,145.9 | 9,273.8 | 9,349.2 | 9,600.0 | 9,324.7 | n/a |
| M2 (% change, year on year) | 1.7 | 1.9 | 5.8 | 5.4 | 6.5 | 8.6 | 2.0 | n/a |
| Sectoral trends in tourism | ||||||||
| Stay-over visitors (‘000) | 27.8 | 37.2 | 24.1 | 33.6 | 92.6 | 114.7 | 111.5 | 116.1 |
| Cruise tourism (‘000) | 0.0 | 0.0 | 0.0 | 1.6 | 29.2 | 115.4 | 143.8 | 86.1 |
| Foreign trade and payments (Naf m) | ||||||||
| Goods: exports fob | 63.5 | 66.2 | 64.4 | 86.3 | 87.2 | n/a | n/a | n/a |
| Goods: imports fob | 297.8 | 346.7 | 292.3 | 322.1 | 354.0 | n/a | n/a | n/a |
| Merchandise trade balance fob-fob | -234.3 | -280.5 | -227.9 | -235.8 | -266.8 | n/a | n/a | n/a |
| Services balance | 42.7 | 77.1 | 36.5 | 85.4 | 157.5 | n/a | n/a | n/a |
| Income balance | 13.3 | 12.8 | 10.5 | 17.2 | 18.9 | n/a | n/a | n/a |
| Net transfer payments | -16.5 | -2.7 | -0.1 | -9.7 | -7.0 | n/a | n/a | n/a |
| Current-account balance | -194.7 | -193.5 | -181.0 | -142.8 | -97.4 | n/a | n/a | n/a |
| Sources: IMF, International Financial Statistics; Centrale Bank van Curaçao en Sint Maarten. | ||||||||
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