Country Report Curaçao 4th Quarter 2022

Economic structure: Annual indicators

 2018a2019a2020a2021a2022b
GDP (US$ m)3,127.93,313.52,779.03,000.23,397.6
Real GDP growth (%)-2.23.4-18.44.25.8
Consumer price inflation (av; %)2.62.52.33.87.4a
Population (‘000)160.0158.7156.2153.7155.8
Exports fob (US$ m)586.0398.2271.1343.6408.2
Imports fob (US$ m)-1,757.0-1,461.0-1,210.1-1,481.7-1,675.6
Current-account balance (US$ m)-812.7-540.1-689.2-596.2-527.9
Gross reserves excl gold (US$ m)1,128.71,113.11,487.91,644.9b1,627.66
Exchange rate (Naf:US$)1.791.791.791.791.79a
a Actual. b EIU estimates.

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Origins of gross domestic product 2020% of totalComponents of gross domestic product 2009% of total
Agriculture, fishing and mining0.2Private consumption69.2
Manufacturing4.6Government consumption16.5
 Utilities7.3Fixed investment37.8
Construction4.8Exports of goods & services60.7
Commerce8.8Imports of goods & services84.0
Hotels and restaurants6.3  
Transport and communications7.3  
Financial intermediation18.8  
Other sectors41.9  
    
Main destinations of exports 2021% of totalMain origins of imports 2021% of total
Bonaire35.9US31.6
Netherlands17.9Netherlands28.2
Aruba11.5Panama6.8
US10.9Puerto Rico2.9
Sint Maarten2.6Venezuela0.6

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