External balance on goods and services in Curaçao
Curaçao: External balance on goods and services was -28.8% in 2018. ▲ Rising
External balance on goods and services in Curaçao, 2005–2018
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2018, external balance on goods and services in Curaçao stood at -28.8%.
The figure 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 in Curaçao peaked at -11.3% in 2015 and was at its lowest, -32.9%, in 2010.
That places Curaçao 168th out of 193 countries with data for 2018, putting it 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 in Curaçao, 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% |
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 Curaçao
- 165 Montenegro -25.6% compare
- 166 Ukraine -26.5% compare
- 167 French Polynesia -27.8% compare
- 169 Republic of Moldova -29.2% compare
- 170 Solomon Islands -30.2% compare
- 171 Kosovo -30.3% compare
- 171 Kosovo (UNSCR 1244) -30.3% compare
More economy & growth data for Curaçao
- Gross capital formation (current US$), annual growth rate 33.49 % change on previous year (2018)
- Gross capital formation (current LCU), per capita 14,055 current LCU per person (2018)
- Gross capital formation (current LCU), per unit of GDP 0.7351 current LCU per US$ of GDP (2018)
- Gross capital formation (current LCU), annual growth rate 33.49 % change on previous year (2018)
- Gross capital formation (current US$), per capita 7,852 current US$ per person (2018)
- Gross capital formation (current US$), per unit of GDP 0.4107 current US$ per US$ of GDP (2018)
- Gross fixed capital formation (current LCU), per unit of GDP 0.6094 current LCU per US$ of GDP (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$), per capita 6,510 current US$ per person (2018)
- Imports of goods and services (current US$), annual growth rate 15.26 % change on previous year (2018)
Frequently asked questions
- What is external balance on goods and services in Curaçao?
- External balance on goods and services in Curaçao was -28.8% in 2018, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Curaçao?
- The highest recorded value was -11.3% in 2015.
- What is the lowest external balance on goods and services recorded in Curaçao?
- The lowest recorded value was -32.9% in 2010.
- How does Curaçao rank for external balance on goods and services?
- Curaçao ranks 168th out of 193 countries with data for 2018.
- Is external balance on goods and services rising or falling in Curaçao?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is rising.
- Where does this Curaçao data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.