Curaçao's gross Value Added (GVA) at basic prices (current LCU) was 5.4 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 11.32% from 4.85 billion in 2014 (1.08% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.4 billion | 2024 |
| Five years earlier | 4.73 billion | 2019 |
| Ten years earlier | 4.85 billion | 2014 |
| Highest | 5.4 billion | 2024 |
| Lowest | 3.4 billion | 2000 |
| Average since 2015 | 4.72 billion | 2015–2024 |
| First recorded | 3.4 billion |
What the numbers say
In 2024, Curaçao's gross Value Added (GVA) at basic prices (current LCU) rose 7.9% on 2023 (from 5.01 billion to 5.4 billion).
Across the 23 yearly changes before that (2001 to 2023), the average change was +1.8% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 1.2 standard deviations above 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 10.4% in 2022 and the biggest yearly fall was 16.3% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 3% 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
In 2024, Curaçao had the 26th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Curaçao in the 2024 ranking
- Bermuda — 22nd of 31: 8.86 billion
- Cayman Islands — 23rd of 31: 6.12 billion
- Belize — 24th of 31: 5.44 billion
- Timor-Leste — 26th of 31: 1.93 billion
- Turks and Caicos Islands — 27th of 31: 1.44 billion
- Tonga — 28th of 31: 1.32 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 25 values
| Year | Gross Value Added (GVA) at basic prices (current LCU) |
|---|---|
| 2024 | 5,403,109,000 |
| 2023 | 5,008,240,600 |
| 2022 | 4,669,767,700 |
| 2021 | 4,229,911,300 |
| 2020 | 3,962,240,100 |
| 2019 | 4,734,833,100 |
| 2018 | 4,806,884,600 |
| 2017 | 4,770,221,400 |
| 2016 | 4,764,318,900 |
| 2015 | 4,837,352,100 |
Gross Value Added (GVA) at basic prices (current LCU) in nearby economies
- Antigua and Barbuda — 5.58 billion (2025)
- Argentina — 716.75 trillion (2025)
- Aruba — 5.85 billion (2023)
- Bahamas, The — 13.83 billion (2024)
- Barbados — 14.37 billion (2025)
- Belize — 5.44 billion (2024)
- Bolivia — 354.38 billion (2024)
- Brazil — 10.95 trillion (2025)
- Cayman Islands — 6.12 billion (2024)
- Chile
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
Questions people ask
- What is Curaçao's gross Value Added (GVA) at basic prices (current LCU)?
- 5.4 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 59.03% from 3.4 billion in 2000 (1.95% a year on average, compounded). The highest value was 5.4 billion in 2024 and the lowest 3.4 billion in 2000.
- How does Curaçao rank?
- 26th highest of 31 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (current LCU) unusual for Curaçao?
- In 2024, Curaçao's gross Value Added (GVA) at basic prices (current LCU) rose 7.9% on 2023 (from 5.01 billion to 5.4 billion). Across the 23 yearly changes before that (2001 to 2023), the average change was +1.8% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 1.2 standard deviations above 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 NY.GDP.FCST.CN, 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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