Inflation

 

 2019

2020
Inflation (%) 2.6% 2.2%
CPI 12 month average 132.1 135.0

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Economy

 

Gross Domestic product (preliminary)

2019

2020
GDP at market prices, nominal (Mln ANG)  5552.2 4646.5
Nominal GDP growth (in%)  -0.8 -16.3
GDP at market prices, real (Mln ANG) 4917.9 4207.7
Real GDP growth (in%) -3.4 -18.5
GDP per Capita at market prices, nominal (ANG) 34994.8  
Annual growth rate of real GDP per capita (%) -2.0  
Annual growth rate of nominal GDP per employed person in %  -2.2  
 

2018

2019
Gross National Income, market prices (Mln ANG) 5786.7 5789.0
Gross National Income per capita, market prices (ANG) 36316.8 36769.5
Annual growth rate National income per capita (%) 0.7 1.2

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Public Finances

 

2018

2019
Government revenues          (x mln ANG) 1,638.7 1,624.0
Government expenditures    (x mln ANG) 1,776.0 1,652.7

 

 

2019

2020
Income from direct taxes    (x mln ANG) 840.1 511.1
 
Income from indirect taxes (x mln ANG) 619.5 684.4

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Budget Expenditure Survey

BUDGET EXPENDITURE SURVEY 2016

Average absolute/relative annual spending by categories, in NAf

    
Spending categories Average spending (Absolute) Average spending  (Relative)
Food and non-alcoholic beverages 5604 12.1%
Alcoholic beverages, tobacco 414 0.9%
Clothing and footwear 1464 3.2%
Housing 11502 24.9%
Furnishings and household equipment 4957 10.7%
Health 832 1.8%
Transport 6095 13.2%
Communication 3092 6.7%
Recreation and culture 4774 10.3%
Education 480 1.0%
Hotel and Restaurant 1032 2.2%
Total 5978 12.9%
Total 46223 100%

*local purchases

Source: Budget Expenditure Survey 2016 CBS Curaçao

International Trade

 

 

2019

2020
Total imports, exclusive oil and oil products (in mln ANG) 2141 1795
Total exports, exclusive oil and oil products (in mln ANG) 172 147

Imports by main country (%)

2019 

2020
USA 33.6 31.8
Netherlands 27.0 25.9
Puerto Rico 2.6 3.4
Venezuela 3.2 1.3
Panama 4.3 6.3
Rest of the world

29.3

 31.3

Export by main country (%)

2019

2020
USA 9.1 10.2
Aruba 10.8 12.2
Netherlands 20.5 14.3
Bonaire 30.8 33.3
St Maarten 4.5 2.7
Rest of the world 23.8 27.2

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Enterprises

Number of  businesses per ending of 2020

Type of business 

2019

2020
Small 6520 6420
Medium 1208 1190
Large 148 152
Total  1876 7762
Source: CBS Business Registry
    

 

Total active registered companies per Jan,1st at Chamber of Commerce Curaçao  

2019

2020
Total 38606 38550
International 10933 9841
Local 27673 28709

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Business Cycle Survey

 

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.

Business Cycle Index dec 2020

Income

Gross monthly income of employed Total population (%)

2018

2019
Naf. 0-500 8.4% 3.1%
Naf. 501-1000 3.8% 11.1%
Naf. 1001-2000 30% 27.9%
Naf. 2001-3000 17.8% 18%
Naf. 3001+ 25.2% 22.8%
Unknown/Not reporter  14.9% 17.1%

Average monthly income of the employed population in ANG 

2018

2019
Male  2533.11 2458.42
Female  1944.50 1870.52
Total  2232.15 2127.86

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