Curaçao: General government final consumption expenditure (% of GDP)

Key figures

What the numbers say

In 2018, Curaçao's general government final consumption expenditure (% of GDP) fell 1.64 percentage points on 2017 (from 16.12% to 14.48%).

Across the 12 yearly changes before that (2006 to 2017), the average change was +0 percentage points and a typical year strayed about 0.82 percentage points from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 1.49 percentage points in 2014 and the biggest yearly fall was 1.86 percentage points in 2013. 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 17% 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.

How it compares

See how every economy compares in the full ranking.

Closest to Curaçao in the 2018 ranking

• Yemen, Rep. — 2nd of 2: 8.99%

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 14 values

General government final consumption expenditure (% of GDP) in nearby economies

• Argentina — 14.93% (2025)
• Aruba — 17.91% (2024)
• Bahamas, The — 12.91% (2024)
• Belize — 15.94% (2024)
• Bolivia — 16.53% (2024)
• Brazil — 19.13% (2025)
• Chile — 15.06% (2025)
• Colombia — 15.49% (2025)
• Costa Rica — 14.01% (2025)

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 general government final consumption expenditure (% of GDP)?

14.48% in 2018, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 1.6 percentage points from 16.07% in 2005. The highest value was 16.66% in 2007 and the lowest 14.16% in 2013.

Is the latest change in general government final consumption expenditure (% of GDP) unusual for Curaçao?

In 2018, Curaçao's general government final consumption expenditure (% of GDP) fell 1.64 percentage points on 2017 (from 16.12% to 14.48%). Across the 12 yearly changes before that (2006 to 2017), the average change was +0 percentage points and a typical year strayed about 0.82 percentage points from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NE.CON.GOVT.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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