Curaçao: External balance on goods and services (current US$)

Key figures

What the numbers say

In 2018, Curaçao's external balance on goods and services (current US$) fell US$253.18 million on 2017 (from −US$623.46 million to −US$876.65 million).

Across the 12 yearly changes before that (2006 to 2017), the average change was −US$20.85 million and a typical year strayed about US$167.83 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$179.89 million in 2011 and the biggest yearly fall was US$300.11 million in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2009 to 2018 there is no clear straight-line trend: a straight line explains 10% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Curaçao in the 2018 ranking

• Yemen, Rep. — 2nd of 2: −US$8.33 billion

What this measures

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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 14 values

External balance on goods and services (current US$) in nearby economies

• Argentina — US$5.1 billion (2025)
• Aruba — US$325.03 million (2024)
• Bahamas, The — −US$581.9 million (2024)
• Belize — US$47.23 million (2024)
• Bolivia — −US$2.25 billion (2024)
• Brazil — US$7.98 billion (2025)
• Chile — US$14.81 billion (2025)
• Colombia — −US$24.7 billion (2025)
• Costa Rica — US$6.39 billion (2025)
• Cuba

More economic policy & debt data for Curaçao

• Adjusted savings, education expenditure (% of GNI) — 4.86% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$0 (2021)
• Agriculture, forestry, and fishing, value added (current US$) — US$9.93 million (2024)
• Agriculture, forestry, and fishing, value added (current LCU) — 17.77 million (2024)
• Agriculture, forestry, and fishing, value added (% of GDP) — 0.28% (2024)
• Manufacturing, value added (current US$) — US$103.98 million (2024)
• Manufacturing, value added (current LCU) — 186.12 million (2024)
• Manufacturing, value added (% of GDP)

Reading data like this

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Questions people ask

What is Curaçao's external balance on goods and services (current US$)?

−US$876.65 million in 2018, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 134.88% from −US$373.24 million in 2005. The highest value was −US$346.42 million in 2015 and the lowest −US$969.61 million in 2010.

Is the latest change in external balance on goods and services (current US$) unusual for Curaçao?

In 2018, Curaçao's external balance on goods and services (current US$) fell US$253.18 million on 2017 (from −US$623.46 million to −US$876.65 million). Across the 12 yearly changes before that (2006 to 2017), the average change was −US$20.85 million and a typical year strayed about US$167.83 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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