Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Curaçao

Merchandise trade (% of GDP) in Curaçao in 2024 — 71.55%. Ranked 60 in the world out of 199. Since 2011, the indicator has fallen by 32.82 pp.

2024 71.55% +0.76 pp vs 2023
World rank 60of 199
Period maximum 106.28%2012
Period minimum 58.4%2020

Trend over time

2011–2024 · % of GDP

Merchandise trade (% of GDP) — Curaçao, 2011–2024406080100120201120132015201720192021202320242011: 104.37%2012: 106.28%2013: 86.07%2014: 82.4%2015: 65.32%2016: 61.2%2017: 62.44%2018: 76.91%2019: 61.43%2020: 58.4%2021: 66.69%2022: 84.09%2023: 70.79%2024: 71.55%
Change over the period: −32.82 pp Annual average: -2.52 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Curaçao

Curaçao 71.55%
World 44.3%
Caribbean computed 37.78%
High-income countries computed 45.26%
Merchandise trade (% of GDP) — Curaçao, by year Curaçao All countries CSV XLSX
Year % Change, pp
2024 71.55 +0.76 pp
2023 70.79 −13.3 pp
2022 84.09 +17.4 pp
2021 66.69 +8.29 pp
2020 58.4 −3.03 pp
2019 61.43 −15.48 pp
2018 76.91 +14.47 pp
2017 62.44 +1.24 pp
2016 61.2 −4.12 pp
2015 65.32 −17.08 pp
2014 82.4 −3.67 pp
2013 86.07 −20.21 pp
2012 106.28 +1.91 pp
2011 104.37

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.