Trade in services (% of GDP) in Curacao
Curacao: Trade in services (% of GDP) was 75.6% in 2023. ▼ Falling
Trade in services in Curacao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Curacao recorded 75.6% for trade in services in 2023.
The figure is down 1.4% on the previous year and down 6.5% over ten years.
Over the whole period, trade in services in Curacao peaked at 82.8% in 2014 and was at its lowest, 49.0%, in 2020.
That places Curacao 21st out of 200 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Trade in services (% of GDP) in Curacao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 72.6% | — |
| 2012 | 79.0% | +8.7% |
| 2013 | 80.9% | +2.5% |
| 2014 | 82.8% | +2.4% |
| 2015 | 81.0% | -2.2% |
| 2016 | 76.2% | -5.9% |
| 2017 | 76.0% | -0.3% |
| 2018 | 76.7% | +1.0% |
| 2019 | 74.2% | -3.2% |
| 2020 | 49.0% | -33.9% |
| 2021 | 52.8% | +7.6% |
| 2022 | 76.7% | +45.3% |
| 2023 | 75.6% | -1.4% |
Curacao compared with similar countries
- Curacao's 75.6% is above the median for high income countries, which is 32.3%, 2.3× the median. (72 countries reporting)
- Curacao's 75.6% is above the median for Latin America & Caribbean, which is 27.7%, 2.7× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) in Curacao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +45.3% | 52.8% | 76.7% |
| 2020 | -33.9% | 74.2% | 49.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 77.7% | 72.6% | 82.8% | 9 |
| 2020s | 63.5% | 49.0% | 76.7% | 4 |
Countries ranked near Curacao
- 18 Grenada 81.2% compare
- 19 Saint Lucia 78.2% compare
- 20 Antigua and Barbuda 78.1% compare
- 22 Lebanon 72.5% compare
- 23 Turks and Caicos Islands 68.1% compare
- 24 Saint Kitts and Nevis 66.5% 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 trade in services in Curacao?
- Trade in services in Curacao was 75.6% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Curacao?
- The highest recorded value was 82.8% in 2014.
- What is the lowest trade in services recorded in Curacao?
- The lowest recorded value was 49.0% in 2020.
- How does Curacao rank for trade in services?
- Curacao ranks 21st out of 200 countries with data for 2023.
- Is trade in services rising or falling in Curacao?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- Where does this Curacao data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.