Published On: Tue, Jun 16th, 2015

National Accounts Survey fiscal year 2015 starts

WillemstadWILLEMSTAD - The Central Bureau of Statistics (CBS) will start on June 19 with the National Accounts Survey for the year 2015. This survey asks for financial information of the companies in Curaçao which include sales, labor costs and investments. This information is mostly acquired from the financial statements of a business, but in small businesses an estimate is made on the basis of daily or weekly turnover.

Nearly 1,400 companies will participate in this annual survey. Companies with 10 employees or more participate every year, these are the big companies.

A sample is taken from companies with fewer than 10 employees (small businesses), which, after 4 consecutive years, must provide the financial figures to the CBS. Hereafter other (small) companies are selected to participate.

The information from the annual survey is used to fill in a section of the National Accounts of Curaçao. The National Accounts show the economic transactions between sectors, which took place in the national economy in a given year. The information obtained from the National Accounts survey is also used to describe the results of this survey, or analyzing certain parts of the economy, such as small and medium enterprises (SMEs). It’s about the annual figures of the past financial year (2014). The information from this survey is only available in the second half of 2016.

Coinciding with this annual survey, the Intermediate Consumption poll will also be held, which takes place every 5 years. This will give an indication of a breakdown of operating costs, excluding depreciation of fixed assets and personnel.

The data from the survey Intermediate Consumption will be used to update the supply and consumption table. In this table, one can see how the supply of goods and services derived from local production or imports are divided over this consumption and export.

The results and analyzes of these two surveys will appear in Modus, which is the statistical magazine of the CBS.

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

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