Trade in services in Curaçao
Curaçao: Trade in services was 75.6% in 2023. ▼ Falling
Trade in services in Curaçao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Curaçao 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 Curaçao peaked at 82.8% in 2014 and was at its lowest, 49.0%, in 2020.
That places Curaçao 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 in Curaçao, 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% |
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 Curaçao
- 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 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 trade in services in Curaçao?
- Trade in services in Curaçao 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 Curaçao?
- The highest recorded value was 82.8% in 2014.
- What is the lowest trade in services recorded in Curaçao?
- The lowest recorded value was 49.0% in 2020.
- How does Curaçao rank for trade in services?
- Curaçao ranks 21st out of 200 countries with data for 2023.
- Is trade in services rising or falling in Curaçao?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- 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 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.