Source: world bank Nominal/PPP
Summary:
Curacao GDP Per Capita expanded from 2000 to 2024, increasing from $15,841.26 to $22,832.90 .The compound annual growth rate (CAGR) averaged 1.53% over the period. The economy recorded its peak level in 2024 and its lowest level in 2000. Growth volatility remained high. The maximum drawdown reached 17.87%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Curacao Economic Phases (2000 - 2024)
From 2000 to 2024, Curacao economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (2001–2002) indicating steady moderate growth
- Contraction (2003–2004) indicating temporary slowdown
- Expansion (2005–2007) indicating steady moderate growth
- Expansion (2009–2010) indicating steady moderate growth
- Contraction (2013–2017) indicating temporary slowdown
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2022 with an increase of 12.709%, while the largest decline was in 2020 at -15.197%.