SABA/ST. EUSTATIUS--In 2016, the volume of gross domestic product (GDP) increased by 2.2 per cent in Bonaire. In St. Eustatius and Saba, GDP fell by one per cent and 0.5 per cent, respectively.
The total GDP volume in the Caribbean Netherlands increased by 1.4 per cent, Central Bureau for Statistics (CBS) reported based on newly released figures.
The GDP volume change is the development of GDP value, adjusted for price changes. For price adjustments, the consumer price index was used, CBS explained.
The total GDP value of the Caribbean Netherlands stood at US $582 million in 2016. This was 3.2 per cent up on the preceding year.
Bonaire’s GDP increased by 4.6 per cent to US $434 million, while Statia saw a decrease of 2.1 per cent to US $100 million. In Saba, GDP increased by 2.6 per cent to US $48 million.
GDP per capita was highest in Statia in 2016, representing a value of US $26,100. In Saba, GDP per capita amounted to US $24,200 and in Bonaire US $22,500.
CBS has been measuring the GDP of the Caribbean Netherlands since 2012. Relative to 2012, GDP per capita went up in Bonaire by 2.7 per cent and in Saba by 13.1 per cent in 2016 but fell slightly in Statia by 0.8 per cent.
