Economy

Economic activities within a country involve numerous transactions among various sectors, including the government, financial and non-financial sectors, households, non-profit institutions, and the rest of the world. To comprehend this intricate economic landscape, having a robust system is crucial.

National Accounts offer a comprehensive view of the economic dynamics within a given year. This perspective is built upon the concepts and definitions outlined by the UN and IMF in the System of National Accounts 1993 (SNA 1993), to the extent that data availability permits. The system comprises a coherent and adaptable framework of macroeconomic accounts, which serve as valuable tools for economic analysis (utilized by local organizations, institutions such as enterprises and universities, students, and international organizations like the UN, IMF, and World Bank) and policy formulation.

Within this framework, alongside data on Gross Domestic Product (GDP), you'll also find information on Gross National Income, Income per capita, Gross savings, and Gross National Disposable Income. All data presented in this section are estimates provided by CBS.

For historical data on the Economy theme, please visit our online digital library by clicking here CBS Home - National Accounts

Economic indicators

 

2021

2022

2023

GDP at current market prices,(nominal GDP in mln ANG 4229.94669.85008.2
GDP at constant market prices (real GDP) in mln ANG4093.95504.65873.7
Nominal GDP growth (%)        8.1 12.26.7
Real GDP growth (%)        4.2      7.94.2
    

GDP by employed person

2021

2022

 
Nominal GDP per employed person (ANG)   7924082500 
Annual growth rate of nominal GDP per employed person in %                    -0.3      4.1 
Real GDP per employed persona (ANG)6523279033 
Growth rate Real GDP by employed person     -3.9         - 

GDP per capita

2021

2022

GDP per capita at market prices, nominal (ANG)3218436698
Annual growth rate of nominal GDP per capita (%)                                        9.9   14.0
GDP per capita at market prices, real (ANG)2649535156
Annual growth rate of real GDP per capita (%)      6.0    -
   
Inflation (%)      3.8         7.4

Gross National Income (GNI)                                                             

20212022
Gross National Income, at current market prices (mln ANG)4986.75552.6
Annual growth rate of Gross national income at current market prices      8.6     10.7
Gross National Income per capita, at current market prices (mln ANG)32727.736818.3
Annual growth rate of Gross National Income per capita, at current market prices      10.5      12.5

Fore more detailed information and data of previous years about this
this topic please visit our website www.cbs.cw

Classifications

International Standard Industrial Classification (ISIC)

The International Standard Industrial Classification of All Economic Activities (ISIC) is the international reference classification of productive activities. Its main purpose is to provide a set of activity categories that can be utilised for the collection and reporting of statistics according to such activities. It provides a comprehensive framework within which economic data can be collected and reported in a format that is designed for purposes of economic analysis, decision-taking and policy-making. The classification structure represents a standard format to organise detailed information about the state of an economy according to economic principles and perceptions.

These economic activities are subdivided in a hierarchical, four-level structure of mutually exclusive categories, facilitating data collection, presentation and analysis at detailed levels of the economy in an internationally comparable, standardized way. CBS Curaçao has been collecting and reporting on the highest (less detailed) level. This level is referred to as the industrial sectors/industries. You can download the ISIC 4 here