Curaçao: Reserves and related items (current US$, BoP)

Key figures

What the numbers say

In 2023, Curaçao's reserves and related items (current US$, BoP) rose US$175.42 million on 2022 (from −US$144.06 million to US$31.36 million).

Across the 11 yearly changes before that (2012 to 2022), the average change was −US$14.05 million and a typical year strayed about US$175.22 million from that (the standard deviation). This year's change was 1.1 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 US$328.01 million in 2020 and the biggest yearly fall was US$213.9 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 6% 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 2023, Curaçao had the 4th highest value of the 11 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 2023 ranking

• Senegal — 1st of 11: US$258.32 million
• Libya — 2nd of 11: US$245.34 million
• Tuvalu — 4th of 11: US$7.9 million
• Comoros — 5th of 11: −US$7.66 million
• Sint Maarten (Dutch part) — 6th of 11: −US$15.65 million

What this measures

Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency.Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. 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.

All 13 values

Reserves and related items (current US$, BoP) in nearby economies

• Antigua and Barbuda — US$33.43 million (2025)
• Argentina — −US$7.22 billion (2025)
• Aruba — −US$145.5 million (2023)
• Bahamas, The — US$242.14 million (2024)
• Barbados — −US$249.49 million (2017)
• Belize — US$59.14 million (2025)
• Bolivia — −US$449.37 million (2025)
• Brazil — US$8.77 billion (2025)
• Chile — US$2.26 billion (2025)
• Colombia

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 reserves and related items (current US$, BoP)?

US$31.36 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is up 200.14% from US$10.45 million in 2011 (9.59% a year on average, compounded). The highest value was US$217.47 million in 2020 and the lowest −US$144.63 million in 2018.

How does Curaçao rank?

4th highest of 11 economies with data for 2023.

Is the latest change in reserves and related items (current US$, BoP) unusual for Curaçao?

In 2023, Curaçao's reserves and related items (current US$, BoP) rose US$175.42 million on 2022 (from −US$144.06 million to US$31.36 million). Across the 11 yearly changes before that (2012 to 2022), the average change was −US$14.05 million and a typical year strayed about US$175.22 million from that (the standard deviation). This year's change was 1.1 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 BN.RES.INCL.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, 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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