FAX: [599] (9) 461-6489
Flag description:
white, with a horizontal 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 colors reflect those of the Netherlands; 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 eight years, the islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region. The Venezuelan state oil company owns the single refinery on the island; most of the oil for the refinery is imported from Venezuela. Almost all consumer and capital goods are imported, with the US, Braxil, 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.
GDP (purchasing power parity):
$2.8 billion (2004 est.) country comparison to the world: 178
GDP (official exchange rate):