Economic growth on Saba, contraction on St.Eustatius

On two of the three islands of the Caribbean Netherlands the value of the Goss Domestic Product (GDP) increased in 2014, Central Bureau for Statistics (CBS) reported on Tuesday.

On Bonaire the increase was 4.1 per cent, and on Saba 1.8 per cent. According to CBS, St Eustatius was the only island where the value of GDP decreased by 4.4 per cent compared with 2013.

Adjusted for price changes, the GDP volumes have changed. The figures for Bonaire, Statia and Saba are +1.6 per cent, -6.8 per cent and -0.2 per cent, respectively. The price correction is based on the consumer price index for households.

The GDP values in 2014 were US $403 million for Bonaire, $100 million for Statia, and $46 million for Saba. The respective amounts per capita were $21,600 on Bonaire, $25,300 on Statia and $25,100 on Saba.

On average, the population on Bonaire was 17,911 in 2013, versus 18,659 in 2014. The population increase on Bonaire was more or less consistent with the GDP growth. Consequently, the per capita value of GDP was also about the same as in 2013.

On Statia, the population barely changed from 3,959 residents in 2013, to 3,949 in 2014. This resulted in a GDP decline per capita of 4.2 per cent.

Saba’s population dropped from 1.919 to 1.829, resulting in a GDP value increase per capita of 6.8 per cent.

The Daily Herald.

 

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