Curaçao's inflation, GDP deflator, linked series (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, linked series (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 13 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
- Cuba — 2nd of 13: 32.22%
- Bermuda — 3rd of 13: 4.9%
- Aruba — 4th of 13: 4.14%
- Cayman Islands — 6th of 13: 2.4%
- Monaco — 7th of 13: 2.39%
- Faroe Islands — 8th of 13: 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
All 24 values
| Year | Inflation, GDP deflator, linked series (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, linked series (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)
More financial sector data for Curaçao
- DEC alternative conversion factor (LCU per US$) — US$1.79 (2025)
- GDP deflator (base year varies by country) — 133.65 (2024)
- GDP deflator, linked series (base year varies by country) — 133.65 (2024)
- Inflation, GDP deflator (annual % growth) — 3.33% (2024)
- Consumer price index (2010 = 100) — 115.53 (2019)
- Inflation, consumer prices (annual % growth) — 2.62% (2019)
- Official exchange rate (LCU per US$, 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, linked series (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 13 economies with data for 2024.
- Is the latest change in inflation, GDP deflator, linked series (annual % growth) unusual for Curaçao?
- In 2024, Curaçao's inflation, GDP deflator, linked series (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.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) 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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