External balance on goods and services as a percent of GDP in Curacao
Curacao: External balance on goods and services as a percent of GDP was -28.8% in 2018. ▲ Rising
External balance on goods and services as a percent of GDP in Curacao, 2005–2018
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2018, external balance on goods and services as a percent of gdp in Curacao stood at -28.8%.
Compared with earlier readings it is down 40.0% on the previous year and down 3.5% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Curacao peaked at -11.3% in 2015 and was at its lowest, -32.9%, in 2010.
Curacao ranks 168th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
External balance on goods and services as a percent of GDP in Curacao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | -15.9% | — |
| 2006 | -17.8% | +11.7% |
| 2007 | -24.3% | +37.0% |
| 2008 | -27.8% | +14.2% |
| 2009 | -23.3% | -16.1% |
| 2010 | -32.9% | +40.8% |
| 2011 | -27.0% | -18.0% |
| 2012 | -21.6% | -19.7% |
| 2013 | -17.8% | -17.7% |
| 2014 | -12.5% | -29.8% |
| 2015 | -11.3% | -9.4% |
| 2016 | -13.1% | +15.3% |
| 2017 | -20.6% | +57.4% |
| 2018 | -28.8% | +40.0% |
Curacao compared with similar countries
- Curacao's -28.8% is below the median for high income countries, which is 2.2%. (72 countries reporting)
- Curacao's -28.8% is below the median for Latin America & Caribbean, which is -2.1%, 13.6× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -21.8% | -27.8% | -15.9% | 5 |
| 2010s | -20.6% | -32.9% | -11.3% | 9 |
Countries ranked near Curacao
- 165 Montenegro -25.6% compare
- 166 Ukraine -26.5% compare
- 167 French Polynesia -27.8% compare
- 169 Moldova -29.2% compare
- 170 Solomon Islands -30.2% compare
- 171 American Samoa -30.8% compare
More economy & growth data for Curacao
- Exports of goods and services (current US$), per capita 12,092 current US$ per person (2018)
- Gross fixed capital formation (current US$), per capita 6,510 current US$ per person (2018)
- Gross fixed capital formation (current US$), per unit of GDP 0.3405 current US$ per US$ of GDP (2018)
- Gross fixed capital formation (current US$), annual growth rate 19.03 % change on previous year (2018)
- Exports of goods and services (current LCU), per capita 21,645 current LCU per person (2018)
- Exports of goods and services (current LCU), per unit of GDP 1.13 current LCU per US$ of GDP (2018)
- Exports of goods and services (current LCU), annual growth rate 6.52 % change on previous year (2018)
- Gross national expenditure (current LCU), annual growth rate 7.28 % change on previous year (2018)
- Gross national expenditure (current LCU), per unit of GDP 2.31 current LCU per US$ of GDP (2018)
- Gross national expenditure (current LCU), per capita 44,071 current LCU per person (2018)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Curacao?
- External balance on goods and services as a percent of gdp in Curacao was -28.8% in 2018, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Curacao?
- The highest recorded value was -11.3% in 2015.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Curacao?
- The lowest recorded value was -32.9% in 2010.
- How does Curacao rank for external balance on goods and services as a percent of gdp?
- Curacao ranks 168th out of 191 countries with data for 2018.
- Is external balance on goods and services as a percent of gdp rising or falling in Curacao?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is rising.
- Where does this Curacao data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.