Caribbean Netherlands; gross domestic product (GDP)

Caribbean Netherlands; gross domestic product (GDP)

Carribean Netherlands Periods GDP, value at current prices (million USD) GDP, value at prices of 2017 (million USD) GDP, value changes (%) GDP, volume changes (%)
Caribbean Netherlands 2018 680 671 1.6 0.1
Bonaire 2018 505 499 5.0 3.9
St. Eustatius 2018 128 125 -9.8 -11.8
Saba 2018 48 46 0.5 -2.5
Source: © Statistics Netherlands Bonaire/The Hague/Heerlen,
Explanation of symbols

Table description


This table shows the gross domestic product (GDP) on an annual basis of Bonaire, St. Eustatius, Saba and total Caribbean Netherlands. GDP is a macroeconomic concept. The volume change of GDP is a measure of a country's economic growth. This volume change is relative to the previous year.

Data available from: 2012

Status of the figures:
The figures in this table are final.

Changes as of 24 September 2020:
None. This is a new table.
Statistics Netherlands revised the GDP figures for Caribbean Netherlands in 2020 using new statistical sources and methods. This table contains the revised GDP figures.
This table replaced table Caribbean Netherlands; gross domestic product (GDP) 2012-2017. The link to the old table is given in section 3.

When will new figures be published?
New figures of the GDP of 2019 will be published in the autumn of 2021.

Description topics

GDP, value at current prices
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:
- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

The values are expressed at prices of the reporting period. Alternatively, values may be expressed at constant prices. In this case, prices of a reference period are used.
GDP, value at prices of 2017
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:
- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

The values are expressed at prices of the reference period 2017 by taking account of inflation. Alternatively, values may be expressed at prices of the reporting period.
GDP, value changes
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:
- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

The percentage value changes on previous year.
GDP, volume changes
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:
- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

The percentage volume changes on previous year.