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Background Once the center of the Caribbean slave trade, the island of Curacao was hard hit by the abolition of slavery in 1863. Its prosperity (and that of neighboring Aruba) was restored in the early 20th century with the construction of oil refineries to service newly discovered Venezuelan oil fields. The island of Saint Martin is shared with France; its southern portion is named Sint Maarten and is part of the Netherlands Antilles; its northern portion, called Saint Martin, is an overseas collectivity of France. Population 0.712% (2010 est.) Government type Administrative divisions none (part of the Kingdom of the Netherlands) Independence 29 December 1954, Statute of the Realm of the Netherlands, as amended International organization participation Tourism, petroleum refining, and offshore finance are the mainstays of this small economy, which is closely tied to the outside world. Although GDP has declined or grown slightly in each of the past eight years, the islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region. The Venezuelan state oil company owns the single refinery on the island; most of the oil for the refinery is imported from Venezuela. Almost all consumer and capital goods are imported, with the US, Braxil, Italy, and Mexico being the major suppliers. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems hamper reform of the health and pension systems of an aging population. The Netherlands provides financial aid to support the economy. Economy - overview Market value of publicly traded shares NA% Agriculture - products 1.22 billion kWh (2007 est.) Industries 1.013 billion kWh (2007 est.) Industrial production growth rate 0 kWh (2008 est.) Electricity - production 0 kWh (2008 est.) Internet country code 5 (2009)