Published On: Wed, Apr 6th, 2016

The Budget Survey of the Central Bureau of Statistics

Curacao StatisticsWILLEMSTAD - The Central Bureau of Statistics (CBS) has already approached almost a quarter of households with questions about their spending habits, as part of the research budget. CBS started this Budget Survey in February 2016.

With almost a quarter of households, CBS is well on track. The budget survey will continue till the end of July this year. In total, over 1,200 households participate in the survey.

A household survey is needed because the spending behavior of the population is continuously subjected to change. That's because of price developments and changes in the composition of the basket of goods and services offered by new stores, products and services and / or vanishing products and services. Additionally residents have other needs, wants and preferences from time to time. Income change and changing demographics also play a role.

The main objective of this survey is to update the weighting system, as a basis for calculating the Consumer Price Index (CPI). The weighting system shows the relative and absolute consumption again of consumers in respect of various goods and services. It is an overall view showing the share of each product or service from the overall spending. The budget survey provides statistical information on household consumption expenditure, related to household characteristics, such as size and composition of the household, income, education of the head of the household, consumption from own production and characteristics of the property.

1,200 households receive about 70 questions about work and income, expenditures, property and consumption from own production. The questionnaires are filled in by the head of household in collaboration with an interviewer from CBS. Households also have a housekeeping book in which they are going to keep their consumption for two weeks, accompanied by an interviewer from CBS. CBS would like to thank all households for their cooperation.

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