Published On: Wed, Nov 21st, 2018

Every year, a quarter (25%) of the available budget of households in Curaçao is spent on the house

Central Bureau of Statistics presents results from Budget Research 2016

WILLEMSTAD - The Central Bureau for Statistics (CBS) publishes the basic results from the budget research that was carried out in 2016. The results relate to the consumption expenditure of private households in Curacao. The results provide information about different spending categories, such as food, housing and transport and Communication. Consumer spending is an important basis for calculating the CPI and inflation.

These are determined by CBS by observing the prices of a large number of products and services from the consumer basket each month. The consumer basket is based on the spending part of the Curaçaoan. The new consumer basket is updated on the basis of these results.

Graph

The graph shows that in Curaçao annually a quarter of the available budget is spent on the house (25%). This should primarily be understood as expenditure on either a mortgage or a rental payment. Furthermore, the graph shows that 13 percent of the available budget is spent on transport and health care, 12 percent on food and 11 percent on household items and furniture.

The aforementioned expenses are the largest expenses related to the available budget. The lesser expenses are clothing and footwear (10%), communication (7%), health care, hotel and restaurant (2% respectively), training related expenses (1%) and excise products subject to alcoholic beverages and tobacco products (1%).

From the tables that have been published online, it is certainly possible to discover differences in expenditure patterns according to household composition, household income and education level.

Therefore, in anticipation of the full publication, everyone is referred to the posted tables on the website under "Statistics by Subject / Budget Expenditure Survey".

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