Curaçao Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Curaçao's current account balance was -19.95% in 2023, ranked 9th globally. This represents a 25.4% increase from 2022. Data from World Bank, covering 2011–2023.
Overview
Curaçao's current account balance stood at -19.95% in 2023, a rise of +6.80% from 2022. Curaçao ranked 9th globally.
Curaçao's current account balance has experienced significant fluctuations over the past 13 years, with the latest figure standing at a -$19.95 deficit in 2023. This places Curaçao at the 9th position globally in terms of current account balance deficit. The country's all-time peak of -$16.53 in 2014, albeit a relatively modest improvement from its all-time trough of -$30.02 in 2011, suggests a gradual reduction in the deficit. In comparison, Afghanistan, another country with a large deficit, has shown a slightly worse performance, with a deficit of -$20.31 in 2023. While Curaçao's current account balance has improved over time, it remains a pressing concern for the island nation. A sustained increase in exports and tourist arrivals, coupled with a reduction in oil imports, would be essential to alter the trajectory of Curaçao's current account balance and bring it closer to a surplus.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2023 | -19.95% | +6.80% | #9 |
| 2022 | -26.75% | −8.18% | #6 |
| 2021 | -18.57% | +8.61% | #9 |
| 2020 | -27.18% | −9.31% | #5 |
| 2019 | -17.87% | +8.81% | #12 |
| 2018 | -26.68% | −4.27% | #4 |
| 2017 | -22.41% | −3.06% | #4 |
| 2016 | -19.35% | −2.37% | #11 |
| 2015 | -16.98% | −0.45% | #12 |
| 2014 | -16.53% | +8.66% | #13 |
| 2013 | -25.19% | +4.52% | #8 |
| 2012 | -29.71% | +0.31% | #5 |
| 2011 | -30.02% | – | #6 |
Analysis
Curaçao's current account balance was -19.95% in 2023, a rise of +6.80% from 2022.
Frequently Asked Questions
Curaçao's current account balance was -19.95% in 2023. Ranked 9th globally. This represents a 25.4% increase from the previous year.
Curaçao's current account balance peaked at -16.53% in 2014.
The lowest current account balance in Curaçao was -30.02% in 2011.
Curaçao ranks 9th globally in current account balance as of 2023.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
The current account balance of Curaçao in 2023 was -19.95%. This ranks 9th in the world.
Cite this page
@misc{historysaid_cura-ao_current-account,
title = {Curaçao Current Account Balance},
url = {https://historysaid.com/cura-ao/current-account/},
publisher = {HistorySaid},
year = {2026}
}