Source: world bank Nominal/PPP
Summary:
Curacao GDP Per Capita expanded from 2000 to 2024, increasing from $2.12 to $3.56 .The compound annual growth rate (CAGR) averaged 2.18% 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 17.32%, indicating the largest cyclical decline from peak levels. The country experienced 3 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 (2001–2006) indicating steady moderate growth
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2009–2010) indicating steady moderate growth
- Expansion (2012–2014) indicating steady moderate growth
- Contraction (2015–2016) indicating temporary slowdown
- Expansion (2017–2018) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2022 with an increase of 12.249%, while the largest decline was in 2020 at -16.252%.