Published On: Mon, Mar 24th, 2014

CBS: ‘Business survey results 2013’

Curacao statisticsWILLEMSTAD - The Central Bureau of Statistics (CBS) published some of the results of the Business Survey of December 2013.

The Business Survey is a survey where all companies with ten or more employees were visited. A sample was taken by the companies, which have less than ten employees but more than three. Thus, it is a partial sample survey. By taking a sample, an estimate is made of the characteristics of the entire population (all companies) and therefore responsible statements can be made about the population. Certain financial companies, sole traders and small foundations, were not included in the study. Not all companies on the island were approached by CBS.

Main results Economic Survey 2013

- Of the companies approached, 43 percent indicated that they have invested in 2013. This is 7 percentage points more than in June 2013 and slightly higher than in December 2012 when it was 42 percent.

- 35 percent of companies have indicated that there have been investment barriers, a high, and almost the same, number as compared to June 2013 (36%).

- 32 percent of companies indicated that competitiveness has deteriorated 6 percentage points over last June.

- Confidence in the economy is in the opinion of entrepreneurs hardly changed. They have indicated that confidence in the economy over the past six months has deteriorated, virtually the same percentage of business owners (50%). In June 2013 it was 49 percent. Especially with smaller businesses (3-10 employees) is the confidence in a bad state. Of them only 33% still have confidence in the economy. In larger companies (more than 10 employees), this amounts to 49 percent.

- Confidence in the future has clearly declined in the last half of 2013. This has decreased from 51 to 45 percent by the end of December.

- The percentage of companies that said they had no confidence in the future has also increased from 24 to 31% in December.

- The opinion on the investment climate has remained virtually the same in the last half of 2013. This remains mostly moderate (57 %) and a poor 39 percent.

- The percentage of firms with a positive operating result declined by 10 percentage points last year to 52 percent. For small businesses up to 10 employees, this is only 33 percent. Of large companies, with more than 10 employees, 58 percent have made profits in 2013.

More information

On the homepage of CBS website (www.cbs.cw) you can download the complete publication "Results Business Survey year 2013."

CBS would like to thank all companies for their cooperation during the survey.

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