National Accounts 2018

National Accounts Curaçao offers a source of information for everyone who wishes to be informed about various topics regarding the economic situation of Curaçao. The national accounts of Curaçao are based on the concepts and definitions recommended by the UN and IMF in the System of National Accounts (SNA 2008) as far as the data availability allows it. The system consists of a consistent and flexible set of macro-economic accounts, which can be used for economic analysis (by either local organizations and institutions such as enterprises, universities, students and international organizations as the UN, IMF, World Bank) and policy purposes. In this publication the year 2018 has been analyzed, in comparison with the year 2017, according to the new SNA 2008.

The data series for 2011 up to 2017 has been modified due to new international methodological guidelines included in the SNA 2008. In 2021 CBS has started with the assistance of CARTAC to collect and process the relevant data according to the SNA 2008 methodology. This is done for a series of years starting from 2011 to the most recent years. In the previous publication the adoption of ISIC 4 and Research & Development have already been described. The main changes in the methodology in this publication regards the new formula for FISIM. As a consequence, also the macroeconomic aggregates as GDP, GNI, GNDI and other aggregates have been changed. A table with the differences between the new and old series of these macroeconomic aggregates is provided in this publication.

This publication of the National Accounts has been delayed, taking into account the Covid-19 pandemic, the revision of data for a series of years, starting from 2011, and other circumstances beyond our control.