Current account balance in Curaçao
Curaçao: Current account balance was -20.0% in 2023. ▲ Rising
Current account balance in Curaçao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Curaçao is -20.0%, measured in 2023.
That represents a change of up 25.4% on the previous year and up 20.8% over ten years.
Over the whole period, current account balance in Curaçao peaked at -16.5% in 2014 and was at its lowest, -30.0%, in 2011.
Curaçao ranks 191st of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Current account balance in Curaçao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | -30.0% | — |
| 2012 | -29.7% | -1.0% |
| 2013 | -25.2% | -15.2% |
| 2014 | -16.5% | -34.4% |
| 2015 | -17.0% | +2.7% |
| 2016 | -19.3% | +14.0% |
| 2017 | -22.4% | +15.8% |
| 2018 | -26.7% | +19.1% |
| 2019 | -17.9% | -33.0% |
| 2020 | -27.2% | +52.1% |
| 2021 | -18.6% | -31.7% |
| 2022 | -26.8% | +44.1% |
| 2023 | -20.0% | -25.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -22.7% | -30.0% | -16.5% | 9 |
| 2020s | -23.1% | -27.2% | -18.6% | 4 |
Countries ranked near Curaçao
- 188 Bhutan -19.4% compare
- 189 Republic of Moldova -19.6% compare
- 190 Senegal -19.8% compare
- 192 Montenegro -20.4% compare
- 193 Kyrgyzstan -22.6% compare
- 194 Grenada -23.1% compare
More economy & growth data for Curaçao
- Services, value added (current LCU), annual growth rate 7.03 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 4,981 current LCU per person (2024)
- Services, value added (current US$), annual growth rate 7.03 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.723 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 16,507 current US$ per person (2024)
- Services, value added (current LCU), per capita 29,548 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.88 % change on previous year (2024)
- GDP deflator (base year varies by country), annual growth rate 3.33 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.2181 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per unit of GDP 1.29 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is current account balance in Curaçao?
- Current account balance in Curaçao was -20.0% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Curaçao?
- The highest recorded value was -16.5% in 2014.
- What is the lowest current account balance recorded in Curaçao?
- The lowest recorded value was -30.0% in 2011.
- How does Curaçao rank for current account balance?
- Curaçao ranks 191st out of 200 countries with data for 2023.
- Is current account balance rising or falling in Curaçao?
- Over the last ten years it is up 20.8%. The long-run trend across the full record is rising.
- Where does this Curaçao data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.