Curaçao/Economy

Economy of Curaçao

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon
GDP (USD)
$3.3B(2023)
GDP PPP (USD)
$4.7B(2023)
GDP per Capita (USD)
$22,192(2023)
GDP Growth (inflation-adjusted)
4.2%(2023)
Inflation (CPI Annual %)
2.6%(2019)

Trade & Finance

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Exports (as share of GDP)
63.2%(2018)
Imports (as share of GDP)
92%(2018)
FDI Inflows (as share of GDP)
4.2%(2023)
Remittance Inflow (USD)
$176.6M(2023)

Labor & Income

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GNI per Capita (USD)
$20,450(2022)

Energy & Environment

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Energy Use per Capita
5775 kg oil eq.(2022)
Renewable Energy Consumption (%)
2.8%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Curaçao

  • The economic architecture of Curaçao is substantial, anchored by a Gross Domestic Product (GDP) of approximately $3.28B
    2023
    On a per capita basis, GDP stands at $22.19K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $4.74B, reflecting the population's domestic purchasing power. The economy demonstrates solid growth, expanding at a rate of 4.2%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 2.6%
    2019
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 63.2% of GDP and imports at 92.0%
    2018
    . Foreign Direct Investment (FDI) inflows are significant, constituting 4.16% of the economy
    2023
    Additionally, personal remittances received amount to a substantial $176.61M annually
    2023
    , highlighting the economic importance of its diaspora.
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $20,450
    2022
  • On the environment and energy front, energy consumption per capita is 5,774.97 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 2.8%
    2021

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.