tal blue stripe in the center superimposed on
a vertical red band, also centered; five white, five-pointed stars
are arranged in an oval pattern in the center of the blue band; the
five stars represent the five main islands of Bonaire, Curacao,
Saba, Sint Eustatius, and Sint Maarten

Economy Netherlands Antilles

Economy - overview:
Tourism, petroleum refining, and offshore finance are the mainstays
of this small economy, which is closely tied to the outside world.
Although GDP has declined or grown slightly in each of the past
seven years, the islands enjoy a high per capita income and a
well-developed infrastructure compared with other countries in the
region. Almost all consumer and capital goods are imported, the US
and Mexico being the major suppliers. Poor soils and inadequate
water supplies hamper the development of agriculture. Budgetary
problems hamper reform of the health and pension systems of an aging
population.

GDP:
purchasing power parity - $2.45 billion (2003 est.)

GDP - real growth rate:
0.5% (2003 est.)

GDP - per capita:
purchasing power parity - $11,400 (2003 est.)

GDP - composition by sector:
agriculture: 1%
industry: 15%
services: 84% (2000 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2.1% (2003 est.)

Labor force:
89,000 (2000)

Labor force - by occupation:
agriculture 1%, industry 13%, services 86% (2000 est.)

Unemployment rate:
15.6% (2002 est.)

Budget:
revenues: $710.8 million
expenditures: $741.6 million, including capital expenditures of NA
(1997 est.)

Agriculture - products:
aloes, sorghum, peanuts, vegetables, tropical fruit

Industries:
tourism (Curacao, Sint Maarten, and Bonaire), petroleum refining
(Curacao), petroleum transshipment facilities (Curacao and Bonaire),
light manufacturing (Curacao)

Industrial production growth rate:
NA

Electricity - production:
1.061 billion kWh (2001)

Electricity - consumption:
986.8 million kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
72,000 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Exports:
$1.579 billion f.o.b. (2002)

Exports - commodities:
petroleum