Economy

Economic activities within a country involve numerous transactions among various sectors, including the government, financial and non-financial sectors, households, non-profit institutions, and the rest of the world. To comprehend this intricate economic landscape, having a robust system is crucial.

National Accounts offer a comprehensive view of the economic dynamics within a given year. This perspective is built upon the concepts and definitions outlined by the UN and IMF in the System of National Accounts 2008(SNA 2008), to the extent that data availability permits. The system comprises a coherent and adaptable framework of macroeconomic accounts, which serve as valuable tools for economic analysis (utilized by local organizations, institutions such as enterprises and universities, students, and international organizations like the UN, IMF, and World Bank) and policy formulation.

Within this framework, alongside data on Gross Domestic Product (GDP), you'll also find information on Gross National Income, Income per capita, Gross savings, and Gross National Disposable Income. All data presented in this section are estimates provided by CBS.

For historical data on the Economy theme, please visit our online digital library by clicking here CBS Home - National Accounts

Economic indicators

Curaçao Economic Indicators

2022**2023*2024*

Gross Domestic Poduct (GDP)

GDP at current market prices (nominal GDP) in mln ANG5504.65873.76374.5
Nominal GDP growth (in%)12.26.78.5
Real GDP growth (in%)6.94.25.0

GDP per employed person

Nominal GDP per employed person82500.187347.188634.6
Annual growth rate of nominal GDP per employed person (%)4.15.91.5
Annual growth rate of real GDP per employed person (%)-0.83.4-1.8

GDP per capita

GDP per capita at current market prices (nominal GDP per capita) in ANG36698.338547.841025.3
Annual growth rate of nominal GDP per capita (%)14.05.06.4
Annual growth rate of real GDP per capita (%)8.62.53.0
Inflation7.43.52.6

Gross National Income (GNI)

Gross National Income (GNI), at current market prices (mln ANG)5567.15932.36431.5
Gross National Income (GNI) per capita, at current market prices (ANG)37114.938931.941392.1
Annual growth rate Gross National Income (GNI) per capita (%)13.84.96.3
Notes: * Estimated figures
Figures updated per July 2025
** From 2022 forward  the real GDP (GDP at constant prices) is calculated using a new method. GDP constant is corrected per industry, by their corresponding prices. 
Due to the use of a new method there is trend break in the calculations.
Updated per July 2025

Classifications

International Standard Industrial Classification (ISIC)

The International Standard Industrial Classification of All Economic Activities (ISIC) is the international reference classification of productive activities. Its main purpose is to provide a set of activity categories that can be utilised for the collection and reporting of statistics according to such activities. It provides a comprehensive framework within which economic data can be collected and reported in a format that is designed for purposes of economic analysis, decision-taking and policy-making. The classification structure represents a standard format to organise detailed information about the state of an economy according to economic principles and perceptions.

These economic activities are subdivided in a hierarchical, four-level structure of mutually exclusive categories, facilitating data collection, presentation and analysis at detailed levels of the economy in an internationally comparable, standardized way. CBS Curaçao has been collecting and reporting on the highest (less detailed) level. This level is referred to as the industrial sectors/industries. You can download the ISIC 4 here