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Economy Stats: compare key data on Netherlands Antilles & United Kingdom

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Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues > Per capita: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Debt > External: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
  • Debt > External > Per capita: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per capita figures expressed per 1 population.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP per person: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
  • Inbound tourism income > Current US$: International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Data are in current U.S. dollars."
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Tourist arrivals: International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival."
  • Tourist arrivals > Per capita: International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival." Per capita figures expressed per 1,000 population.
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • Consumer price index: Consumer price index reflects changes in the cost to the average consumer of acquiring a fixed basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
    2000 = 100
  • GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • GDP per capita > Constant LCU: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Balance of payments > Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US: Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors. Data are in current U.S. dollars."
  • Trade > With US > US imports of bauxite and aluminum: US imports of bauxite and aluminum, USD Thousands, 2004
  • GDP > Real growth rate: GDP growth on an annual basis adjusted for inflation and expressed as a percent.
  • Economic growth > Per capita: Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Micro > Small and medium enterprises > Number > Per capita: Micro, small, and medium-size enterprises are business that may be defined by the number of employees. There is no international standard definition of firm size; however, many institutions that collect information use the following size categories: micro enterprises have 0-9 employees, small enterprises have 10-49 employees, and medium-size enterprises have 50-249 employees. Per capita figures expressed per 1,000 population.
  • Currency: The national medium of exchange and its basic sub-unit.
  • GDP > Purchasing power parity > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • Retail > Gross value added by wholesale, retail trade, restaurants and hotels: Gross Value Added by Kind of Economic Activity at current prices - US dollars.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Interest rate spread > Lending rate minus deposit rate: Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits.
  • Tax > Highest marginal tax rate > Corporate rate: Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.
  • GDP > Current LCU: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Real interest rate: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.
  • Royalty and license fees > Receipts > BoP > Current US$ > Per $ GDP: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars. Per $ GDP figures expressed per 1 million $ gross domestic product.
  • Inflation: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used."
  • Outbound tourist spending: International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Data are in current U.S. dollars."
  • Micro > Small and medium enterprises > Number: Micro, small, and medium-size enterprises are business that may be defined by the number of employees. There is no international standard definition of firm size; however, many institutions that collect information use the following size categories: micro enterprises have 0-9 employees, small enterprises have 10-49 employees, and medium-size enterprises have 50-249 employees.
  • Current transfers > Receipts > BoP > Current US$: Current transfers (receipts) are recorded in the balance of payments whenever an economy receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
  • Consumption > Consumption by sector > Equals: Household final consumption expenditure: Total amount of money spent by nation's consumers, or households. Amount includes, but is not limited to, goods, rent, and government fees such as fines and permits. Also included are taxes and money spent by citizens while abroad. 
  • Net income > BoP > Current US$ > Per capita: Net income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible assets is recorded under business services. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • GNI: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
  • Market capitalization of listed companies > Current US$: Market capitalization (also known as market value) is the share price times the number of shares outstanding. Listed domestic companies are the domestically incorporated companies listed on the country's stock exchanges at the end of the year. Listed companies does not include investment companies, mutual funds, or other collective investment vehicles. Data are in current U.S. dollars.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Lending interest rate: Lending interest rate is the rate charged by banks on loans to prime customers.
  • Net domestic credit > Current LCU: Net domestic credit is the sum of net credit to the nonfinancial public sector, credit to the private sector, and other accounts. Data are in current local currency.
  • GDP > By type of expenditure > Household consumption expenditure: GDP by Type of Expenditure at current prices - US dollars.
  • Current account balance > BoP > Current US$: Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars.
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Currency > Real effective exchange rate index: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
    2000 = 100
  • Currency > Official exchange rate > LCU per US$ > Period average: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • Economy growth: Measures growth in the economy or ""economy growth"". Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources."
  • Trade > Exports > Exports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • GDP > CIA Factbook > Per capita: Per capita figures expressed per 1 population.
  • GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Total > Reserves in months of imports: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services which could be paid for.
  • GDP > Constant LCU: GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Trade > Imports > Imports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • Balance of payments > Current account > Goods > Services and income > Exports > Goods and services > Current U: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Balance of payments > Financial > Reserves: Changes in net reserves is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. These include changes in holdings of monetary gold, SDRs, foreign exchange assets, reserve position in the International Monetary Fund, and other claims on nonresidents that are available to the central authority. The measure is net of liabilities constituting foreign authorities' reserves, and counterpart items for valuation changes and exceptional financing items. Data are in current U.S. dollars."
  • Balance of payments > Current account > Balances > Current account balance > Current US$: Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars."
  • GDP deflator: The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.
  • Net trade in goods and services > BoP > Current US$: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.
  • Portfolio investment > Excluding LCFAR > BoP > Current US$: Portfolio investment excluding liabilities constituting foreign authorities' reserves covers transactions in equity securities and debt securities. Data are in current U.S. dollars.
  • Net capital account > BoP > Current US$: Net capital account includes government debt forgiveness, investment grants in cash or in kind by a government entity, and taxes on capital transfers. Also included are migrants' capital transfers and debt forgiveness and investment grants by nongovernmental entities. Data are in current U.S. dollars.
  • Budget > Expenditures > Per capita: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Deposit interest rate: Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.
  • Foreign direct investment > Net > BoP > Current US$ > Per capita: Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • Goods imports > BoP > Current US$: Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars.
  • Net income > BoP > Current US$: Net income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible assets is recorded under business services. Data are in current U.S. dollars.
  • International tourism > Expenditures for travel items > Current US$: International tourism expenditures are expenditures of international outbound visitors in other countries. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These may include expenditures by residents traveling abroad as same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars."
  • Currency > DEC alternative conversion factor > LCU per US$: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
  • Royalty and license fees > Payments > BoP > Current US$: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars.
  • Trade > Imports > Goods and services > BoP > Current US$ > Per $ GDP: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Foreign direct investment > Net > BoP > Current US$: Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world. Data are in current U.S. dollars.
  • World Bank exchange rate: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar."
  • Balance of payments > Current account > Balances > Net trade in goods > US$: Net trade in goods is the difference between exports and imports of goods. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Trade in services is not included. Data are in current U.S. dollars."
  • Trade > Exports > Goods: Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars."
  • Financial sector > Exchange rates and prices > GDP deflator > Base year varies by country: The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.
  • GNI > Atlas method > Current US$ > Per capita: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro Zone, Japan, the United Kingdom, and the United States. Per capita figures expressed per 1 population.
  • Trade > Exports > Export growth in USD: Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2000). UNCTAD's export value indexes are reported for most economies. For selected economies for which UNCTAD does not publish data, the export value indexes are derived from export volume indexes (line 72) and corresponding unit value indexes of exports (line 74) in the IMF's International Financial Statistics."
  • Transnational corporations > Affiliates: Number of foreign affiliates to transnational corporations
  • Tax > Social security contributions: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Merchandise > Exports > Current US$: Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in U.S. dollars. Data are in current U.S. dollars.
  • Balance of payments > Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$: Net errors and omissions constitute a residual category needed to ensure that all debit and credit entries in the balance of payments statement sum to zero. In the International Financial Statistics presentation, this is equal to the difference between reserves and related items and the sum of the balances of the current, capital, and financial accounts. Data are in current U.S. dollars."
  • Balance of payments > Current account > Goods > Services and income > Exports of goods > Services > Income and wo: Exports of goods and services are the total value of goods and services exported as well as income and workers' remittances received. Workers' remittances include compensation of employees. Data are in current U.S. dollars.
  • Foreign direct investment > Net > BoP > Current US$ > Per $ GDP: Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world. Data are in current U.S. dollars. Per $ GDP figures expressed per 1,000 $ gross domestic product.
  • Commercial service imports > Current US$ > Per capita: Commercial service imports are total service imports minus imports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies. Per capita figures expressed per 1 population.
  • Commercial service imports > Current US$: Commercial service imports are total service imports minus imports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies.
  • Micro > Small and medium enterprises > Per 1,000 people: Micro, small, and medium-size enterprises are business that may be defined by the number of employees. There is no international standard definition of firm size; however, many institutions that collect information use the following size categories: micro enterprises have 0-9 employees, small enterprises have 10-49 employees, and medium-size enterprises have 50-249 employees.
  • International tourism > Receipts for travel items > Current US$: International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars."
  • Financial sector > Interest rates > Interest rate spread > Lending rate minus deposit rate: Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits."
  • Trade > Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Trade > Exports > Export growth: Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights. For economies for which UNCTAD does not publish data, the export volume indexes (lines 72) in the IMF's International Financial Statistics are used."
STAT Netherlands Antilles United Kingdom HISTORY
Budget > Expenditures $949.50 million
Ranked 11th.
$1.19 trillion
Ranked 6th. 1249 times more than Netherlands Antilles

Budget > Revenues $757.90 million
Ranked 11th.
$986.10 billion
Ranked 6th. 1301 times more than Netherlands Antilles

Budget > Revenues > Per capita $4,190.30 per capita
Ranked 11th.
$18,987.68 per capita
Ranked 15th. 5 times more than Netherlands Antilles

Debt > External $2.68 billion
Ranked 5th.
$10.09 trillion
Ranked 2nd. 3765 times more than Netherlands Antilles

Debt > External > Per capita $14,817.27 per capita
Ranked 1st.
$171,942.20 per capita
Ranked 3rd. 12 times more than Netherlands Antilles

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 eight years, the islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region. Most of the oil Netherlands Antilles imports for its refineries come from Venezuela. Almost all consumer and capital goods are imported, the US, Italy, 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. The Netherlands provides financial aid to support the economy. The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.
Fiscal year calendar year 6
GDP > Composition by sector > Industry 15%
Ranked 27th.
21.1%
Ranked 146th. 41% more than Netherlands Antilles

GDP > Per capita $15,480.73 per capita
Ranked 8th.
$35,046.59 per capita
Ranked 21st. 2 times more than Netherlands Antilles

GDP > Purchasing power parity $2.80 billion
Ranked 5th.
$2.31 trillion
Ranked 8th. 826 times more than Netherlands Antilles

GDP per person 6,446.69
Ranked 36th.
35,164.86
Ranked 22nd. 5 times more than Netherlands Antilles

Inbound tourism income > Current US$ $1.57 billion
Ranked 69th.
$45.34 billion
Ranked 7th. 29 times more than Netherlands Antilles

Inflation rate > Consumer prices 2.1%
Ranked 123th.
2.8%
Ranked 126th. 33% more than Netherlands Antilles

Tourist arrivals 982,000
Ranked 84th.
30.14 million
Ranked 7th. 31 times more than Netherlands Antilles

Tourist arrivals > Per capita 4,357.3 per 1,000 people
Ranked 7th. 9 times more than United Kingdom
494.59 per 1,000 people
Ranked 64th.

GDP > Composition by sector > Services 84%
Ranked 2nd. 7% more than United Kingdom
78.2%
Ranked 20th.

Consumer price index 109.31%
Ranked 130th.
112.76%
Ranked 111th. 3% more than Netherlands Antilles

GDP > Composition by sector > Agriculture 1%
Ranked 32nd. 43% more than United Kingdom
0.7%
Ranked 204th.

Industries tourism (Curacao, Sint Maarten, and Bonaire), petroleum refining (Curacao), petroleum transshipment facilities (Curacao and Bonaire), light manufacturing (Curacao) machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, other consumer goods
GDP per capita > Constant LCU 9268.61 17772.08
Balance of payments > Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US $116.91 million
Ranked 131st.
$24.80 billion
Ranked 14th. 212 times more than Netherlands Antilles

Trade > With US > US imports of bauxite and aluminum 400
Ranked 64th.
29,162
Ranked 22nd. 73 times more than Netherlands Antilles
GDP > Real growth rate 1%
Ranked 8th. 5 times more than United Kingdom
0.2%
Ranked 152nd.

Economic growth > Per capita -3.06
Ranked 125th.
-5.58
Ranked 137th. 82% more than Netherlands Antilles

Micro > Small and medium enterprises > Number > Per capita 36.31 per 1,000 people
Ranked 1st.
73.79 per 1,000 people
Ranked 4th. 2 times more than Netherlands Antilles
Agriculture > Products aloes, sorghum, peanuts, vegetables, tropical fruit cereals, oilseed, potatoes, vegetables; cattle, sheep, poultry; fish
Currency Netherlands Antillean guilder British pound
GDP > Purchasing power parity > Per capita $15,480.73 per capita
Ranked 8th.
$35,046.59 per capita
Ranked 21st. 2 times more than Netherlands Antilles

Retail > Gross value added by wholesale, retail trade, restaurants and hotels 674.92 million
Ranked 155th.
360.77 billion
Ranked 4th. 535 times more than Netherlands Antilles

Exchange rates <a href=/country/nl>Netherlands</a> Antillean guilders per US dollar - 1.79 (2004), 1.79 (2003), 1.79 (2002), 1.79 (2001), 1.79 (2000) British pounds (GBP) per US dollar -<br />0.63 (2012 est.)<br />0.62 (2011 est.)<br />0.65 (2010 est.)<br />0.62 (2009)<br />0.53 (2008)
Interest rate spread > Lending rate minus deposit rate 6.82%
Ranked 62nd. 3 times more than United Kingdom
2.72%
Ranked 130th.

Tax > Highest marginal tax rate > Corporate rate 34.5%
Ranked 17th. 23% more than United Kingdom
28%
Ranked 48th.

GDP > Current LCU 2109800000 1209334000000
Real interest rate 10.08%
Ranked 21st. 4 times more than United Kingdom
2.61%
Ranked 88th.

Royalty and license fees > Receipts > BoP > Current US$ > Per $ GDP 142.19 BoP $ per $1 million of
Ranked 68th.
6,050.1 BoP $ per $1 million of
Ranked 9th. 43 times more than Netherlands Antilles

Inflation 115.56
Ranked 107th. 4% more than United Kingdom
111.28
Ranked 134th.

Outbound tourist spending 190 million
Ranked 114th.
84.22 billion
Ranked 4th. 443 times more than Netherlands Antilles

Micro > Small and medium enterprises > Number 6,496
Ranked 4th.
4.42 million
Ranked 3rd. 680 times more than Netherlands Antilles
Current transfers > Receipts > BoP > Current US$ 400.95 million BoP $
Ranked 93th.
29.84 billion BoP $
Ranked 1st. 74 times more than Netherlands Antilles

Consumption > Consumption by sector > Equals: Household final consumption expenditure 2.58 billion USD
Ranked 76th.
1.65 trillion USD
Ranked 3rd. 638 times more than Netherlands Antilles

Net income > BoP > Current US$ > Per capita -22,357.869 BoP $ per 1,000 people
Ranked 55th.
910,125.61 BoP $ per 1,000 people
Ranked 5th.

GDP > CIA Factbook $2.45 billion
Ranked 164th.
$1.67 trillion
Ranked 6th. 680 times more than Netherlands Antilles

GNI 1.12 billion
Ranked 107th.
2.22 trillion
Ranked 7th. 1986 times more than Netherlands Antilles

Market capitalization of listed companies > Current US$ 488.65 billion$
Ranked 13th.
3.06 trillion$
Ranked 3rd. 6 times more than Netherlands Antilles

Trade > Exports to US $212.40 million
Ranked 67th.
$10.17 billion
Ranked 6th. 48 times more than Netherlands Antilles
Lending interest rate 9.6%
Ranked 89th. 2 times more than United Kingdom
4.65%
Ranked 133th.

Net domestic credit > Current LCU 4195800000 2032084000000
GDP > By type of expenditure > Household consumption expenditure 2.55 billion
Ranked 157th.
1.63 trillion
Ranked 4th. 639 times more than Netherlands Antilles

Commercial bank prime lending rate 9.21%
Ranked 101st. 2 times more than United Kingdom
4.22%
Ranked 160th.

Current account balance > BoP > Current US$ -148,283,800 BoP $
Ranked 71st.
-49,458,680,000 BoP $
Ranked 135th. 334 times more than Netherlands Antilles

Trade > Imports $15.74 billion
Ranked 65th.
$546.50 billion
Ranked 6th. 35 times more than Netherlands Antilles

Currency > Real effective exchange rate index 105.31%
Ranked 49th. 4% more than United Kingdom
101.3%
Ranked 54th.

Currency > Official exchange rate > LCU per US$ > Period average 1.79 0.54
Economy growth -2.1
Ranked 132nd.
-4.92
Ranked 136th. 2 times more than Netherlands Antilles

Trade > Exports > Exports of goods and services 3.56 billion
Ranked 128th.
780.14 billion
Ranked 4th. 219 times more than Netherlands Antilles

GDP > CIA Factbook > Per capita $13,700.01 per capita
Ranked 46th.
$27,961.52 per capita
Ranked 16th. 2 times more than Netherlands Antilles

GDP > Per $ GDP $15,480.73 per $1 of GDP
Ranked 8th.
$35,046.59 per $1 of GDP
Ranked 21st. 2 times more than Netherlands Antilles

Trade > Exports $3.71 billion
Ranked 104th.
$405.60 billion
Ranked 10th. 109 times more than Netherlands Antilles

Total > Reserves in months of imports 2.54
Ranked 90th. 5 times more than United Kingdom
0.55
Ranked 127th.

GDP > Constant LCU 1685200000 1070350000000
Trade > Imports > Imports of goods and services 4.16 billion
Ranked 134th.
834.86 billion
Ranked 4th. 200 times more than Netherlands Antilles

Balance of payments > Current account > Goods > Services and income > Exports > Goods and services > Current U $2.85 billion
Ranked 107th.
$588.60 billion
Ranked 7th. 207 times more than Netherlands Antilles

Balance of payments > Financial > Reserves -300,905,027.93
Ranked 80th.
-9,559,688,323.44
Ranked 130th. 32 times more than Netherlands Antilles

Balance of payments > Current account > Balances > Current account balance > Current US$ $-373,864,804.47
Ranked 77th.
$-27,060,601,906.50
Ranked 136th. 72 times more than Netherlands Antilles

GDP deflator 125.2
Ranked 20th. 11% more than United Kingdom
112.98
Ranked 142nd.

Net trade in goods and services > BoP > Current US$ -279,995,000 BoP $
Ranked 68th.
-82,281,890,000 BoP $
Ranked 136th. 294 times more than Netherlands Antilles

Portfolio investment > Excluding LCFAR > BoP > Current US$ -27,218,990 BoP $
Ranked 42nd.
-521,221,300,000 BoP $
Ranked 118th. 19149 times more than Netherlands Antilles

Net capital account > BoP > Current US$ 95.58 million BoP $
Ranked 45th.
6.05 billion BoP $
Ranked 2nd. 63 times more than Netherlands Antilles

Budget > Expenditures > Per capita $5,249.63 per capita
Ranked 8th.
$20,386.26 per capita
Ranked 13th. 4 times more than Netherlands Antilles

Deposit interest rate 2.78%
Ranked 115th.
4.48%
Ranked 119th. 61% more than Netherlands Antilles

Foreign direct investment > Net > BoP > Current US$ > Per capita 5,954.97 BoP $ per 1,000 people
Ranked 97th.
917,640.74 BoP $ per 1,000 people
Ranked 10th. 154 times more than Netherlands Antilles

Goods imports > BoP > Current US$ 2.29 billion BoP $
Ranked 103th.
509.35 billion BoP $
Ranked 4th. 223 times more than Netherlands Antilles

Net income > BoP > Current US$ -4,083,799 BoP $
Ranked 30th.
54.81 billion BoP $
Ranked 2nd.

International tourism > Expenditures for travel items > Current US$ $95.00 million
Ranked 116th.
$69.79 billion
Ranked 4th. 735 times more than Netherlands Antilles

Currency > DEC alternative conversion factor > LCU per US$ 1.79 0.55
Royalty and license fees > Payments > BoP > Current US$ 5.85 million BoP $
Ranked 77th.
9.07 billion BoP $
Ranked 4th. 1549 times more than Netherlands Antilles

Trade > Imports > Goods and services > BoP > Current US$ > Per $ GDP 2.21 BoP $ per $1 of GDP
Ranked 6th. 7 times more than United Kingdom
0.305 BoP $ per $1 of GDP
Ranked 104th.

Foreign direct investment > Net > BoP > Current US$ 1.09 million BoP $
Ranked 108th.
55.27 billion BoP $
Ranked 3rd. 50810 times more than Netherlands Antilles

World Bank exchange rate 1.79
Ranked 118th. 3 times more than United Kingdom
0.64
Ranked 167th.

Balance of payments > Current account > Balances > Net trade in goods > US$ $-1,796,893,910.61
Ranked 93th.
$-128,538,678,232.63
Ranked 141st. 72 times more than Netherlands Antilles

Trade > Exports > Goods 2.61 billion
Ranked 110th.
484.91 billion
Ranked 7th. 186 times more than Netherlands Antilles

Financial sector > Exchange rates and prices > GDP deflator > Base year varies by country 125.2
Ranked 8th.
125.3
Ranked 135th. The same as Netherlands Antilles

GNI > Atlas method > Current US$ > Per capita 6,058.94$ per capita
Ranked 32nd.
37,736.15$ per capita
Ranked 10th. 6 times more than Netherlands Antilles

Trade > Exports > Export growth in USD 42.23
Ranked 151st.
129.49
Ranked 121st. 3 times more than Netherlands Antilles

Transnational corporations > Affiliates 143
Ranked 73th.
2,683
Ranked 28th. 19 times more than Netherlands Antilles
Tax > Social security contributions 26.98%
Ranked 7th. 28% more than United Kingdom
21.13%
Ranked 34th.

Trade balance with US $4.30 million
Ranked 66th.
$-1,454,200,000.00
Ranked 202nd.
Merchandise > Exports > Current US$ 1.79 billion$
Ranked 116th.
382.76 billion$
Ranked 7th. 214 times more than Netherlands Antilles

Balance of payments > Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$ $74.71 million
Ranked 43th.
$-646,180,963.40
Ranked 101st.

Balance of payments > Current account > Goods > Services and income > Exports of goods > Services > Income and wo $2.96 billion
Ranked 111th.
$862.44 billion
Ranked 5th. 292 times more than Netherlands Antilles

Foreign direct investment > Net > BoP > Current US$ > Per $ GDP -237.463 BoP $ per $1,000 of GDP
Ranked 173th.
25.14 BoP $ per $1,000 of GDP
Ranked 57th.

Commercial service imports > Current US$ > Per capita 4,408.38$ per capita
Ranked 12th. 70% more than United Kingdom
2,587.92$ per capita
Ranked 22nd.

Commercial service imports > Current US$ 805.22 million$
Ranked 101st.
155.86 billion$
Ranked 3rd. 194 times more than Netherlands Antilles

External debt > Date of information 2004 30 June 2006
Micro > Small and medium enterprises > Per 1,000 people 36.31 per 1,000 people
Ranked 1st.
73.79 per 1,000 people
Ranked 4th. 2 times more than Netherlands Antilles
International tourism > Receipts for travel items > Current US$ $784.00 million
Ranked 82nd.
$36.42 billion
Ranked 8th. 46 times more than Netherlands Antilles

Financial sector > Interest rates > Interest rate spread > Lending rate minus deposit rate 6.04%
Ranked 55th. 2 times more than United Kingdom
2.73%
Ranked 127th.

Trade > Exports > Per $ GDP $0.66 per $1 of GDP
Ranked 18th. 3 times more than United Kingdom
$0.19 per $1 of GDP
Ranked 117th.

Trade > Exports > Export growth 21.78
Ranked 152nd.
99.5
Ranked 107th. 5 times more than Netherlands Antilles

Tourism expenditures > International $194.00 million
Ranked 85th.
$68.78 billion
Ranked 3rd. 355 times more than Netherlands Antilles

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; World Bank national accounts data, and OECD National Accounts data files.; World Tourism Organisation, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; World Development Indicators database; International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and Development and official national sources.; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau; United Nations Statistics Division; KPMG's Corporate and Indirect Tax Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; International Monetary Fund, International Financial Statistics and data files.; United Nations Statistics Division. Source tables; US Census Bureau; United Nations Statistics Division. Source tables; United Nations Statistics Division. Source tables; United Nations Statistics Division. Source tables; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.; x; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; World Investment Report 2001, United Nations Conference on Trade and Development (UNCTAD); International Monetary Fund, Government Finance Statistics Yearbook and data files.; Wikipedia: List of countries by external debt; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

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