Curaçao: Taxes less subsidies on products (current US$)

Key figures

What the numbers say

In 2024, Curaçao's taxes less subsidies on products (current US$) rose 12.2% on 2023 (from US$483.52 million to US$542.68 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was +3.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.9 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 23.9% in 2022 and the biggest yearly fall was 15.8% 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 upward, about US$18.16 million a year. A straight line explains 61% 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 16th highest value of the 30 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

• Tajikistan — 12th of 30: US$1.34 billion
• Afghanistan — 13th of 30: US$1.07 billion
• Togo — 14th of 30: US$967.2 million
• Belize — 16th of 30: US$481.82 million
• Faroe Islands — 17th of 30: US$478.54 million
• Cayman Islands — 18th of 30: US$416.41 million

What this measures

Taxes less subsidies on products are taxes payable per unit of a good or service. 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 25 values

Taxes less subsidies on products (current US$) in nearby economies

• Antigua and Barbuda — US$273.11 million (2025)
• Argentina — US$105.47 billion (2025)
• Aruba — US$481.16 million (2023)
• Bahamas, The — US$1.95 billion (2024)
• Barbados — US$833.4 million (2025)
• Belize — US$481.82 million (2024)
• Bolivia — US$3.6 billion (2024)
• Brazil — US$319.76 billion (2025)
• Cayman Islands — US$416.41 million (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

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Questions people ask

What is Curaçao's taxes less subsidies on products (current US$)?

US$542.68 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 143.95% from US$222.46 million in 2000 (3.79% a year on average, compounded). The highest value was US$542.68 million in 2024 and the lowest US$194.51 million in 2004.

How does Curaçao rank?

16th highest of 30 economies with data for 2024.

Is the latest change in taxes less subsidies on products (current US$) unusual for Curaçao?

In 2024, Curaçao's taxes less subsidies on products (current US$) rose 12.2% on 2023 (from US$483.52 million to US$542.68 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +3.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.9 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.TAX.NIND.CD, 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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