Curaçao's inflation, GDP deflator (annual % growth) was 3.33% in 2024, the latest year in the World Bank's World Development Indicators. That is up 1.83 percentage points from 1.5% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.33% | 2024 |
| Five years earlier | 2.63% | 2019 |
| Ten years earlier | 1.5% | 2014 |
| Highest | 6.9% | 2008 |
| Lowest | -1.22% | 2011 |
| Average since 2015 | 2.34% | 2015–2024 |
| First recorded | 1.79% | 2001 |
What the numbers say
In 2024, Curaçao's inflation, GDP deflator (annual % growth) rose 0.93 percentage points on 2023 (from 2.4% to 3.33%).
Across the 22 yearly changes before that (2002 to 2023), the average change was +0.03 percentage points and a typical year strayed about 2.29 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4.41 percentage points in 2012 and the biggest yearly fall was 5.1 percentage points in 2009. 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 the straight-line trend is upward, about 0.44 percentage points a year. A straight line explains 64% of the movement over 10 observed years.
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 6th highest value of the 14 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.
| Value | Year | |
|---|---|---|
| Curaçao | 3.33% | 2024 |
| World | 3.33% | 2025 |
| Latin America & Caribbean | 3.39% | 2025 |
| High income | 2.62% | 2025 |
Closest to Curaçao in the 2024 ranking
- Cuba — 2nd of 14: 32.22%
- Bermuda — 3rd of 14: 4.9%
- Aruba — 4th of 14: 4.14%
- Cayman Islands — 6th of 14: 2.4%
- Monaco — 7th of 14: 2.39%
- Faroe Islands — 8th of 14: 2%
What this measures
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Regional and income-group figures are computed by the World Bank as a median.
All 24 values
| Year | Inflation, GDP deflator (annual % growth) |
|---|---|
| 2024 | 3.33 |
| 2023 | 2.4 |
| 2022 | 5 |
| 2021 | 3.76 |
| 2020 | 2.68 |
| 2019 | 2.63 |
| 2018 | 2.58 |
| 2017 | 1.59 |
| 2016 | -0.0473 |
| 2015 | -0.4765 |
| 2014 |
Inflation, GDP deflator (annual % growth) in nearby economies
- Antigua and Barbuda — 2.98% (2025)
- Argentina — 39.09% (2025)
- Aruba — 4.14% (2024)
- Bahamas, The — 0.29% (2024)
- Barbados — 2.74% (2025)
- Belize — 1.06% (2025)
- Bolivia — 19.91% (2025)
- Brazil — 5.73% (2025)
- Cayman Islands — 2.4% (2024)
- Chile — 6.8% (2025)
More financial sector data for Curaçao
- DEC alternative conversion factor (LCU per US$) — US$1.79 (2025)
- GDP deflator (base year varies by country) — 133.65 (2024)
- GDP deflator, linked series (base year varies by country) — 133.65 (2024)
- Inflation, GDP deflator, linked series (annual % growth) — 3.33% (2024)
- Consumer price index (2010 = 100) — 115.53 (2019)
- Inflation, consumer prices (annual % growth) — 2.62% (2019)
- Official exchange rate (LCU per US$, period average) — US$1.79 (2025)
Every indicator for Curaçao is on the Curaçao data page.
Reading data like this
Questions people ask
- What is Curaçao's inflation, GDP deflator (annual % growth)?
- 3.33% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 1.54 percentage points from 1.79% in 2001. The highest value was 6.9% in 2008 and the lowest -1.22% in 2011.
- How does Curaçao rank?
- 6th highest of 14 economies with data for 2024.
- Is the latest change in inflation, GDP deflator (annual % growth) unusual for Curaçao?
- In 2024, Curaçao's inflation, GDP deflator (annual % growth) rose 0.93 percentage points on 2023 (from 2.4% to 3.33%). Across the 22 yearly changes before that (2002 to 2023), the average change was +0.03 percentage points and a typical year strayed about 2.29 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in