Insurance and financial services in Curaçao
Curaçao: Insurance and financial services was 1.4% in 2023. ◆ Volatile
Insurance and financial services in Curaçao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2023, insurance and financial services in Curaçao stood at 1.4%.
The figure is up 14.9% on the previous year and up 372.4% over ten years.
Over the whole period, insurance and financial services in Curaçao peaked at 1.8% in 2020 and was at its lowest, 0.3%, in 2013.
Curaçao ranks 122nd of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Curaçao, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2011 | 0.4% | — |
| 2012 | 0.3% | -13.9% |
| 2013 | 0.3% | -12.2% |
| 2014 | 0.3% | +5.9% |
| 2015 | 0.6% | +73.7% |
| 2016 | 0.7% | +23.4% |
| 2017 | 1.2% | +70.5% |
| 2018 | 1.1% | -3.2% |
| 2019 | 1.2% | +4.6% |
| 2020 | 1.8% | +50.5% |
| 2021 | 1.2% | -34.6% |
| 2022 | 1.3% | +6.5% |
| 2023 | 1.4% | +14.9% |
Curaçao compared with similar countries
- Curaçao's 1.4% is below the median for high income countries, which is 5.3%, 27% of the median. (69 countries reporting)
- Curaçao's 1.4% is below the median for Latin America & Caribbean, which is 2.7%, 53% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.7% | 0.3% | 1.2% | 9 |
| 2020s | 1.4% | 1.2% | 1.8% | 4 |
Countries ranked near Curaçao
More economy & growth data for Curaçao
- 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 insurance and financial services in Curaçao?
- Insurance and financial services in Curaçao was 1.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Curaçao?
- The highest recorded value was 1.8% in 2020.
- What is the lowest insurance and financial services recorded in Curaçao?
- The lowest recorded value was 0.3% in 2013.
- How does Curaçao rank for insurance and financial services?
- Curaçao ranks 122nd out of 190 countries with data for 2023.
- Is insurance and financial services rising or falling in Curaçao?
- Over the last ten years it is up 372.4%. The long-run trend across the full record is volatile.
- 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 Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.