The
Netherlands Antilles was an autonomous Caribbean country within the Kingdom of the Netherlands, which was formally dissolved in 2010.
Overview
Tourism, petroleum
transshipment
Transshipment, trans-shipment or transhipment is the shipment of goods or containers to an intermediate destination, then to another destination.
One possible reason for transshipment is to change the means of transport during the journey (e.g ...
, and offshore finance were the mainstays of the economy, which was closely tied to the outside world. The islands enjoyed a high per capita income and a well-developed infrastructure as compared with other countries in the region at the time of the
dissolution
Dissolution may refer to:
Arts and entertainment Books
* ''Dissolution'' (''Forgotten Realms'' novel), a 2002 fantasy novel by Richard Lee Byers
* ''Dissolution'' (Sansom novel), a 2003 historical novel by C. J. Sansom Music
* Dissolution, in mu ...
. Almost all consumer and capital goods were imported, with
Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...
, the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
, and
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...
being the major suppliers. Poor soils and inadequate water supplies hampered the development of agriculture.
Statistics
Gross Domestic product- $3.81 billion
GDP:
purchasing power parity - $3 600
million (3,6 G$) (2007 est.)
GDP - real growth rate:
4,0% (2007 est.)
GDP - per capita:
purchasing power parity - $19 000 (2007 est.)
GDP - composition by sector:
''agriculture:''
1%
''industry:''
15%
''services:''
84% (2007 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
''lowest 10%:''
± 1,5%
''highest 10%:''
± 31%
Inflation rate (consumer prices):
3,0% (2007)
Labour force:
83 600 (2005)
Labour force - by occupation:
agriculture 1%, industry 20%, services 79% (2007 est.)
Unemployment rate:
9% (2007 est.)
Budget:
''revenues:''
$757,9 million
''expenditures:''
$949,5 million, including capital expenditures of $NA (2004 est.)
Composition of the Economy
Industries:
tourism
Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism mor ...
(
Curaçao,
Sint Maarten
Sint Maarten () is a constituent country of the Kingdom of the Netherlands in the Caribbean. With a population of 41,486 as of January 2019 on an area of , it encompasses the southern 44% of the divided island of Saint Martin, while the nort ...
, and
Bonaire),
petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...
refining (Curaçao), petroleum transhipment facilities (Curaçao and Bonaire), light
manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...
(Curaçao)
Industrial production growth rate:
NA%
Electricity - production:
1 005 GWh (2004)
Electricity - production by source:
''fossil fuel:''
100%
''hydro:''
0%
''nuclear:''
0%
''other:''
0% (1998)
Electricity - consumption:
934,7 GWh (2004)
Electricity - exports:
0 kWh (2004)
Electricity - imports:
0 kWh (2004)
Agriculture - products:
aloes,
sorghum,
peanut
The peanut (''Arachis hypogaea''), also known as the groundnut, goober (US), pindar (US) or monkey nut (UK), is a legume crop grown mainly for its edible seeds. It is widely grown in the tropics and subtropics, important to both small and ...
s,
vegetable
Vegetables are parts of plants that are consumed by humans or other animals as food. The original meaning is still commonly used and is applied to plants collectively to refer to all edible plant matter, including the flowers, fruits, stems, ...
s,
tropical fruit
A tropical fruit one that typically grows in warm climates, or equatorial areas.
Tropical fruits
Varieties of tropical fruit include:
*Acerola ( West Indian Cherry or Barbados Cherry)
* Ackee
*Banana
*Barbadine (granadilla; maracujá-açu ...
Exports and Imports
Exports:
$2.076 million (f.o.b., 2004)
Exports - commodities:
petroleum products
Exports - partners:
US 32%,
Panama
Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...
10.1%,
Guatemala 7,9%,
Haiti 6,4%, The
Bahamas
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the ar ...
5,1% (2005)
Imports:
$4.383 billion (c.i.f., 2004)
Imports - commodities:
crude petroleum, food, manufactures
Imports - partners:
Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...
50%,
US 22,2%,
Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...
5.2%,
Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
5% (2005)
Foreign Debt and Economic Aid
Debt - external:
$2 680 million (2004)
Economic aid - recipient:
IMF provided $61 million in 2000, and the Netherlands continued its support with $40 million (2004)
Currency
Currency:
1
Netherlands Antillean guilder, gulden, or florin (NAf.) = 100 cents
Exchange rates:
Netherlands Antillean guilders, gulden, or florins (NAf.) per US$1 – 1.790 (fixed rate since 1989)
Fiscal Year
Fiscal year:
calendar year
See also
*
Economy of the Caribbean
The 'Economy of the Caribbean' is varied, but depends heavily on natural resources, agriculture and travel and tourism.
Main trading partners
Natural resources
By international standards, minerals most valuable on the international market are fo ...
*
Central banks and currencies of the Caribbean This is a list of the central banks and currencies of the Caribbean.
There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and th ...
*
*
List of Latin American and Caribbean countries by GDP (PPP)
This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the April 2022 World Economic Outlook database. ...
References
{{DEFAULTSORT:Economy Of The Netherlands Antilles