Curaçao - Economy
How is the economy of Curaçao? Based on the information we have, Curaçao has a high-income island economy; developed infrastructure; tourism and financial services-based economy; investing in information technology incentives; oil refineries service Venezuela and China; unique COVID-19 stimulus support applied to government debts rather than household support. Key agricultural products in this country include: aloe, sorghum, peanuts, vegetables, tropical fruit.
More about the economy of Curaçao
| Labor force | |
|---|---|
| Industrial production growth rate | 4.3% (2014 est.) |
| Industries | tourism, petroleum refining, petroleum transshipment, light manufacturing, financial and business services |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Netherlands Antillean guilders (ANG) per US dollar - |
| Exchange rates 2023 | 1.79 (2023 est.) |
| Exchange rates 2022 | 1.79 (2022 est.) |
| Exchange rates 2021 | 1.79 (2021 est.) |
| Exchange rates 2020 | 1.79 (2020 est.) |
| Exchange rates 2019 | 1.79 (2019 est.) |
| Current account balance | |
| Current account balance 2022 | -$877.284 million (2022 est.) |
| Current account balance 2021 | -$507.018 million (2021 est.) |
| Current account balance 2020 | -$688.805 million (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2022 | 5.16% of GDP (2022 est.) |
| Remittances 2021 | 5.18% of GDP (2021 est.) |
| Remittances 2020 | 5.22% of GDP (2020 est.) |
| Imports | |
| Imports 2022 | $2.904 billion (2022 est.) |
| Imports 2021 | $1.919 billion (2021 est.) |
| Imports 2020 | $1.709 billion (2020 est.) |
| Imports (partners) | US 35%, Netherlands 22%, China 7%, Ecuador 5%, Philippines 3% (2022) |
| Comodities Imports force | refined petroleum, cars, garments, integrated circuits, packaged medicine (2022) |
| Exports | |
| Imports 2022 | $2.904 billion (2022 est.) |
| Imports 2021 | $1.919 billion (2021 est.) |
| Imports 2020 | $1.709 billion (2020 est.) |
| Exports (partners) | US 17%, Costa Rica 16%, India 9%, Netherlands 7%, Guatemala 7% (2022) |
| Comodities Exports force | refined petroleum, petroleum coke, fish, coal tar oil, scrap iron (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2022 | $4.137 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $3.834 billion (2021 est.) |
| Real GDP (purchasing power parity) 2020 | $3.68 billion (2020 est.) |
| GDP (official exchange rate) | $3.074 billion (2022 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2022 | $27,600 (2022 est.) |
| Real GDP per capita 2021 | $25,200 (2021 est.) |
| Real GDP per capita 2020 | $23,700 (2020 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 0.7% (2012 est.) |
| Industry | 15.5% (2012 est.) |
| Services | 83.8% (2012 est.) |
| GDP - composition, by end use | |
| Household consumption | 66.9% (2016 est.) |
| Government consumption | 33.6% (2016 est.) |
| Investment in fixed capital | 19.4% (2016 est.) |
| Investment in inventories | 0% (2016 est.) |
| Exports of goods and services | 17.5% (2016 est.) |
| Imports of goods and services | -37.5% (2016 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 42.2% (2020 est.) |
| Male | 38.1% |
| Female | 47.1% |
All Important Facts about Curaçao
Want to know more about Curaçao? Check all different factbooks for Curaçao below.
