Curaçao's trade in services (% of GDP) was 75.61% in 2023, the latest year in the World Bank's World Development Indicators. That is down 5.3 percentage points from 80.9% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 75.61% | 2023 |
| Five years earlier | 76.71% | 2018 |
| Ten years earlier | 80.9% | 2013 |
| Highest | 82.84% | 2014 |
| Lowest | 49.05% | 2020 |
| Average since 2014 | 72.11% | 2014–2023 |
| First recorded | 72.61% | 2011 |
What the numbers say
In 2023, Curaçao's trade in services (% of GDP) fell 1.06 percentage points on 2022 (from 76.66% to 75.61%).
Across the 11 yearly changes before that (2012 to 2022), the average change was +0.37 percentage points and a typical year strayed about 11.4 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 23.89 percentage points in 2022 and the biggest yearly fall was 25.19 percentage points 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 2014 to 2023 there is no clear straight-line trend: a straight line explains 22% 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 5th highest value of the 12 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 | 75.61% | 2023 |
| World | 15.19% | 2025 |
| Latin America & Caribbean | 8.91% | 2025 |
| High income | 18.51% | 2025 |
Closest to Curaçao in the 2023 ranking
- Aruba — 1st of 12: 111.26%
- Sint Maarten (Dutch part) — 2nd of 12: 95.07%
- Tuvalu — 3rd of 12: 84.5%
- Lebanon — 5th of 12: 72.45%
- Palau — 6th of 12: 37.98%
- South Sudan — 7th of 12: 36.73%
What this measures
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 13 values
| Year | Trade in services (% of GDP) |
|---|---|
| 2023 | 75.61 |
| 2022 | 76.66 |
| 2021 | 52.77 |
| 2020 | 49.05 |
| 2019 | 74.24 |
| 2018 | 76.71 |
| 2017 | 75.98 |
| 2016 | 76.23 |
| 2015 | 81.03 |
| 2014 | 82.84 |
| 2013 |
Trade in services (% of GDP) in nearby economies
- Antigua and Barbuda — 78.09% (2025)
- Argentina — 7.07% (2025)
- Aruba — 111.26% (2023)
- Bahamas, The — 52.86% (2024)
- Barbados — 37.79% (2017)
- Belize — 47.07% (2025)
- Bolivia — 5.6% (2025)
- Brazil — 7% (2025)
- Chile — 9.78% (2025)
- Colombia — 8.74% (2025)
- Costa Rica — 25.95% (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$9.93 million (2024)
- Agriculture, forestry, and fishing, value added (current LCU) — 17.77 million (2024)
- Agriculture, forestry, and fishing, value added (% of GDP) — 0.28% (2024)
- Manufacturing, value added (current US$) — US$103.98 million (2024)
- Manufacturing, value added (current LCU) — 186.12 million (2024)
- Manufacturing, value added (% of GDP)
Reading data like this
Questions people ask
- What is Curaçao's trade in services (% of GDP)?
- 75.61% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is up 2.99 percentage points from 72.61% in 2011. The highest value was 82.84% in 2014 and the lowest 49.05% in 2020.
- How does Curaçao rank?
- 5th highest of 12 economies with data for 2023.
- Is the latest change in trade in services (% of GDP) unusual for Curaçao?
- In 2023, Curaçao's trade in services (% of GDP) fell 1.06 percentage points on 2022 (from 76.66% to 75.61%). Across the 11 yearly changes before that (2012 to 2022), the average change was +0.37 percentage points and a typical year strayed about 11.4 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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