Curaçao: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2024, Curaçao's manufacturing, value added (current US$) rose 16.8% on 2023 (from US$89.05 million to US$103.98 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was −0.7% and a typical year strayed about 18% from that (the standard deviation). This year's change was 1.0 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 34.3% in 2006 and the biggest yearly fall was 54.5% 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 the straight-line trend is downward, about US$25.16 million a year. A straight line explains 77% 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 33rd highest value of the 44 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

• Belize — 30th of 44: US$211.25 million
• Solomon Islands — 31st of 44: US$159.84 million
• Andorra — 32nd of 44: US$126.39 million
• Bahamas, The — 34th of 44: US$99.7 million
• Cayman Islands — 35th of 44: US$67.21 million
• Vanuatu — 36th of 44: US$52.55 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 25 values

Manufacturing, value added (current US$) in nearby economies

• Antigua and Barbuda — US$56.99 million (2025)
• Argentina — US$92.79 billion (2025)
• Aruba — US$88.26 million (2023)
• Bahamas, The — US$99.7 million (2024)
• Barbados — US$376.05 million (2024)
• Belize — US$211.25 million (2024)
• Bolivia — US$7.17 billion (2024)
• Brazil — US$268.4 billion (2025)
• Cayman Islands — US$67.21 million (2024)
• Chile — US$32 billion (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$9.93 million (2024)
• Agriculture, forestry, and fishing, value added (current LCU) — 17.77 million (2024)
• Agriculture, forestry, and fishing, value added (% of GDP) — 0.28% (2024)
• Manufacturing, value added (current LCU) — 186.12 million (2024)
• Manufacturing, value added (% of GDP) — 2.92% (2024)
• Industry, including construction, value added (current US$)

Reading data like this

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Questions people ask

What is Curaçao's manufacturing, value added (current US$)?

US$103.98 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 36.21% from US$163.01 million in 2000 (1.86% a year on average, compounded). The highest value was US$280.34 million in 2016 and the lowest US$70.06 million in 2020.

How does Curaçao rank?

33rd highest of 44 economies with data for 2024.

Is the latest change in manufacturing, value added (current US$) unusual for Curaçao?

In 2024, Curaçao's manufacturing, value added (current US$) rose 16.8% on 2023 (from US$89.05 million to US$103.98 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −0.7% and a typical year strayed about 18% from that (the standard deviation). This year's change was 1.0 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 NV.IND.MANF.CD, 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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