Insurance and financial services (% of commercial service imports) in Curacao
Curacao: Insurance and financial services (% of commercial service imports) was 3.7% in 2023. ▲ Rising
Insurance and financial services in Curacao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Curacao recorded 3.7% for insurance and financial services in 2023.
That represents a change of up 11.0% on the previous year and up 42.8% over ten years.
Over the whole period, insurance and financial services in Curacao peaked at 7.9% in 2020 and was at its lowest, 2.1%, in 2015.
That places Curacao 140th out of 197 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Insurance and financial services (% of commercial service imports) in Curacao, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2011 | 2.7% | — |
| 2012 | 2.6% | -2.3% |
| 2013 | 2.6% | -0.9% |
| 2014 | 2.7% | +2.9% |
| 2015 | 2.1% | -21.8% |
| 2016 | 2.1% | +1.4% |
| 2017 | 4.5% | +110.5% |
| 2018 | 3.8% | -14.6% |
| 2019 | 4.2% | +9.7% |
| 2020 | 7.9% | +86.4% |
| 2021 | 7.4% | -6.1% |
| 2022 | 3.4% | -54.4% |
| 2023 | 3.7% | +11.0% |
Curacao compared with similar countries
- Curacao's 3.7% is below the median for high income countries, which is 6.4%, 59% of the median. (72 countries reporting)
- Curacao's 3.7% is below the median for Latin America & Caribbean, which is 10.0%, 37% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Curacao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +110.5% | 2.1% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.1% | 2.1% | 4.5% | 9 |
| 2020s | 5.6% | 3.4% | 7.9% | 4 |
Countries ranked near Curacao
- 137 Rwanda 3.9% compare
- 138 Guinea-Bissau 3.9% compare
- 139 Belarus 3.8% compare
- 141 Cape Verde 3.7% compare
- 142 Norway 3.7% compare
- 143 South Korea 3.6% compare
More private sector data for Curacao
- Merchandise trade 71.5% (2024)
- Merchandise imports 2.33 billion current US$ (2025)
- Commercial service imports 922.75 million current US$ (2023)
- Merchandise exports 397.00 million current US$ (2025)
- Commercial service exports 1.52 billion current US$ (2023)
- Merchandise exports (current US$), per capita 2,541 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1379 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -19.14 % change on previous year (2025)
- Merchandise imports (current US$), per capita 14,892 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.5776 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is insurance and financial services in Curacao?
- Insurance and financial services in Curacao was 3.7% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Curacao?
- The highest recorded value was 7.9% in 2020.
- What is the lowest insurance and financial services recorded in Curacao?
- The lowest recorded value was 2.1% in 2015.
- How does Curacao rank for insurance and financial services?
- Curacao ranks 140th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in Curacao?
- Over the last ten years it is up 42.8%. The long-run trend across the full record is rising.
- Where does this Curacao data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.