Country explorer: Curacao
EXPERIMENTAL
2024
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Overview
Curacao is a high-income country in the Caribbean with a very small population. Its economy has declined in recent decades, and is based on tourism, oil refining and international trade.
Curacao is part of the Kingdom of the Netherlands.
Economy
Curacao's GDP per capita has generally trended downward, signaling significant economic challenges, distinct from regional peers like the Dominican Republic and Panama which have seen consistent growth, though it maintains a higher GDP per capita than Suriname, reflecting a mixed trajectory of economic development within the Caribbean and broader high-income country contexts.
Demographics
Curacao has experienced moderate population growth accompanied by a significant increase in net migration spikes, a declining fertility rate aligning with global trends among high-income countries, and a gradual improvement in life expectancy, reflecting broader shifts towards demographic stabilization and aging seen in more developed regions.
Basic needs
Curacao has consistently maintained almost universal access to electricity, distinguishing it from regional peers and aligning it more closely with high-income countries in terms of this basic need.
Human development
In the absence of specific data, it's challenging to summarize the human development changes Curacao has experienced in the past two decades, but typically, small island nations like Curacao often encounter unique challenges and opportunities in improving human development, balancing between leveraging their cultural and environmental assets and addressing constraints posed by size and isolation.
Environment & energy
Without specific environmental and energy data available for Curacao, it's challenging to succinctly summarize its changes or compare it to peers, indicating a notable data gap in understanding its societal transformations within these sectors.
Technology & innovation
Curacao has experienced a significant digital transformation, marked by a substantial increase in internet usage and mobile phone subscriptions, aligning its technological advancements closely with global trends seen in high-income countries.
Culture & society
Curacao has experienced a notable increase in its population born abroad, reflecting its growing cultural diversity, alongside a steady age dependency ratio, indicative of demographic pressures comparable to high-income countries yet distinct in its Caribbean context.
Governance
Given the absence of specific data across key governance indicators for Curacao, it is challenging to succinctly encapsulate the island's governance evolution over the past two decades, underscoring a common challenge in accurately assessing and comparing small island jurisdictions with larger peers on global scales.