13, Feb 2012, CET. Welcome to the Curacao economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Curacao › Change country
National or Regional Currency: NA Guilder, ANG
Year of data: 2010 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 142,180 (est. January 2010)
Area: total: 444 sq km
land: 444 sq km
water: 0 sq km
Natural Resources: calcium phosphates, aloes, sorghum, peanuts, vegetables, tropical fruit
Capital: name: Willemstad
geographic coordinates: 12 06 N, 68 55 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International
Tourism, petroleum refining, and offshore finance are the mainstays of this small economy, which is closely tied to the outside world. Although GDP grew slightly during the past decade, the island enjoys a high per capita income and a well-developed infrastructure compared with other countries in the region. Curacao has an excellent natural harbor that can accommodate large oil tankers. The Venezuelan state oil company leases the single refinery on the island from the government; most of the oil for the refinery is imported from Venezuela; most of the refined products are exported to the US. Almost all consumer and capital goods are imported, with the US, Brazil, Italy, and Mexico being the major suppliers. The government is attempting to diversify its industry and trade and has signed an Association Agreement with the EU to expand business there. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems complicate reform of the health and pension systems for an aging population.