Economy
BUSINESS CYCLE INDEX 2014-2020
The business cycle index is based on data from ‘confidence in the future’, ‘perception of the investment climate’ and ‘changes of the turnover’. The intention of the index is to give an indication of the trend of the business cycle from December 2010 to date.
Since the end of 2010, after the dissolution of the Netherlands Antilles and the creation of the Country of Curaçao, the index has shown a gradually increasing trend, after a sharp decline to 51 percent in 2013, until December 2016. As of June 2020, during the corona crisis and lockdown, the index decreased sharply from 53 to 30 points compared to December 2019. Fortunately, there was no further decline in the second half of 2020, perhaps under the influence of decreased covid measures, financial injections from the Netherlands and increased creativity on the part of companies. As a result, the index recovered somewhat and increased by 4 points to 34.
