Curaçao continues to recover from major shocks. It has had two years of robust growth driven by a strong rebound of tourism,

After a robust recovery in 2022, estimated at 7.9 percent, output growth is expected to moderate. Further expansion of the hospitality sector would support GDP growth of 3 percent in 2023 and 2024. The economy is projected to recover to its pre-pandemic level by 2026, later than the Caribbean average, as the decline of real GDP in 2020 was deeper than in Curaçao’s peers. The easing of oil and food prices, along with disinflation in major trading partners, is expected to reduce headline 12-month average inflation to 3.8 percent in 2023 and to the historical average in the medium term. Assuming that gains from a strong post-pandemic fiscal consolidation are preserved, public debt is projected to decline over the medium term.

Annual GDP: 3,100 million USD

Annual Tourists: approx 430,000

Total Population: appprox 0.155014 million

Total Working Population: approx 74,000

Population Density: 370 persons per square kilometre

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