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Economy of Curacao vs Grenada compared: GDP & Debt

Updated on by Georank team

Curacao has a GDP of $3.56B compared to $1.37B for Grenada, ranking 167/197 and 184/197 by economy size, respectively.

Curacao vs Grenada GDP by year

Curacao
Grenada
1x
Year GDP, current $
Curacao Grenada
2024 $3,561,178,196 $1,371,918,519
2023 $3,281,419,347 $1,336,418,519
2022 $3,075,180,835 $1,224,007,407
2021 $2,739,594,360 $1,122,222,222
2020 $2,534,327,592 $1,043,411,111
2019 $3,026,124,116 $1,213,485,185
2018 $3,046,364,820 $1,166,514,815
2017 $3,033,433,248 $1,125,685,185
2016 $3,024,690,188 $1,061,640,741
2015 $3,058,779,212 $997,007,407
2014 $3,059,406,995 $911,496,296
2013 $3,033,568,606 $842,618,519
2012 $3,012,836,257 $799,881,481
2011 $2,930,092,237 $778,655,556
2010 $2,951,342,793 $771,014,815
2009 $2,869,153,184 $771,275,556
2008 $2,833,476,145 $825,976,037
2007 $2,593,831,508 $758,683,593
2006 $2,457,581,732 $698,700,667
2005 $2,344,637,263 $695,555,556
2004 $2,237,160,503 $599,118,593
2003 $2,202,117,374 $591,018,407
2002 $2,160,784,693 $540,336,926
2001 $2,143,450,726 $520,444,185
2000 $2,120,511,229 $520,044,370
1999 - $482,009,370
1998 - $445,903,593
1997 - $392,190,593
1996 - $366,911,444
1995 - $342,172,519
1994 - $325,111,815
1993 - $309,812,185
1992 - $310,160,444
1991 - $300,757,889
1990 - $278,098,763
1989 - $267,327,642
1988 - $236,357,524
1987 - $215,009,570
1986 - $187,589,523
1985 - $167,728,455
1984 - $145,533,311
1983 - $131,803,552
1982 - $125,435,590
1981 - $115,651,919
1980 - $110,900,457
1979 - $102,244,362
1978 - $88,322,386
1977 - $71,494,495

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

GeoRank.org/economy/curacao/grenada | CC BY

GDP per capita in Curacao vs Grenada by year

Curacao
GDP per capita

GDP per capita, PPP
Grenada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Curacao Grenada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $22,833 $32,693 $11,705 $20,178
2023 $21,218 $30,652 $11,414 $18,971
2022 $20,057 $28,641 $10,469 $17,544
2021 $17,796 $24,906 $9,617 $15,290
2020 $16,300 $21,722 $8,969 $14,361
2019 $19,221 $25,397 $10,463 $16,446
2018 $19,119 $24,623 $10,083 $15,975
2017 $18,938 $24,322 $9,751 $15,041
2016 $18,944 $23,650 $9,221 $13,978
2015 $19,362 $24,038 $8,694 $13,214
2014 $19,623 $24,348 $7,986 $12,229
2013 $19,721 $24,822 $7,425 $11,199
2012 $19,810 $25,106 $7,093 $10,575
2011 $19,426 $26,251 $6,947 $10,592
2010 $19,847 $25,957 $6,910 $10,344
2009 $19,540 $25,950 $6,933 $10,303
2008 $19,423 $26,098 $7,448 $11,001
2007 $18,006 $25,374 $6,865 $10,728
2006 $17,400 $24,590 $6,344 $9,877
2005 $17,032 $24,081 $6,339 $10,016
2004 $16,671 $23,791 $5,480 $8,606
2003 $16,696 $23,522 $5,428 $8,469
2002 $16,724 $23,480 $4,984 $7,621
2001 $16,610 $23,057 $4,820 $7,283
2000 $15,841 $21,891 $4,840 $7,306
1999 - - $4,516 $6,857
1998 - - $4,206 $6,368
1997 - - $3,725 $5,673
1996 - - $3,508 $5,347
1995 - - $3,294 $5,062
1994 - - $3,152 $4,889
1993 - - $3,026 $4,742
1992 - - $3,053 $4,761
1991 - - $2,984 $4,733
1990 - - $2,782 $4,553
1989 - - $2,697 -
1988 - - $2,404 -
1987 - - $2,205 -
1986 - - $1,938 -
1985 - - $1,745 -
1984 - - $1,524 -
1983 - - $1,388 -
1982 - - $1,329 -
1981 - - $1,230 -
1980 - - $1,173 -
1979 - - $1,071 -
1978 - - $917 -
1977 - - $737 -

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

GeoRank.org/economy/curacao/grenada | CC BY

Curacao's GDP per capita is $22,833, ranking 56/197, compared to $11,705 in Grenada, ranking 80/197. Adjusted for purchasing power (GDP per capita PPP), Curacao ranks 70th at $32,693, while Grenada ranks 96th at $20,178.

Economic indicators

Curacao Grenada
Gross domestic product
$3.56B
2024
$1.37B
2024
GDP rank
167/197
2024
184/197
2024
GDP growth
5.03%
2023-2024
3.96%
2023-2024
GDP per capita
$22,833
2024
$11,705
2024
GDP per capita rank
56/197
2024
80/197
2024
GDP per capita, PPP
$32,693
2024
$20,178
2024
GDP per capita PPP rank
70/197
2024
96/197
2024
Government debt n/a
$997M
2024
Debt-to-GDP ratio n/a
72.7%
2024
Government debt per person n/a
$8,510
2024
Government debt per person rank n/a
61/185
2024
Average annual personal income after taxes
$14,995
2026
$11,170
2026
Income share by richest 10% n/a
33.7%
2018
Income share by poorest 10% n/a
2.1%
2018
Government expenditure, % of GDP
31%
2025
37.1%
2024
Consumer prices inflation
2.62%
2018-2019
1.09%
2023-2024
Central bank interest rate
4.5%
2025
n/a
Unemployment rate
19.1%
2020
6.34%
2023
Population
155976
117407

Inflation comparison by year

Inflation
Curacao

Grenada
1x
Year Consumer prices inflation
Curacao Grenada
2024 - 1.09%
2023 - 2.7%
2022 - 2.58%
2021 - 1.22%
2020 - -0.74%
2019 2.62% 0.6%
2018 2.58% 0.8%
2017 1.59% 0.91%
2016 -0.05% 1.65%
2015 -0.48% -0.52%
2014 1.5% -0.98%
2013 1.33% -0.04%
2012 3.18% 2.41%
2011 2.33% 3.03%
2010 2.78% 3.44%
2009 1.75% -0.31%
2008 6.88% 8.03%
2007 3% 3.86%
2006 3.11% 4.25%
2005 4.12% 3.48%
2004 1.38% 2.31%
2003 1.63% 2.15%
2002 0.39% 1.07%
2001 1.79% 3.14%
2000 - 2.18%
1999 - 0.58%
1998 - 1.38%
1997 - 1.24%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/curacao/grenada | CC BY

Over the past 19 years, Curacao has recorded an average annual inflation rate of 2.18%, compared with 2.07% in Grenada. In 2019, inflation was 2.62% in Curacao and 1.09% in Grenada.

Top exports between countries

Curacao
Export category Export value
Chemicals & pharma $74K
Machinery & equipment $5K
Textiles & consumer goods $2K
Grenada
Export category Export value
Machinery & equipment $3K

Balance of trade

Curacao Grenada
Current account balance
-$655M
2023
-$271M
2024
Current account balance ranking
113/190
2023
99/190
2024
Current account balance, % of GDP
-20%
2023
-19.7%
2024
Goods imports
$1.83B
2023
$562M
2024
Goods exports
$560M
2023
$70.4M
2024
Service imports
$935M
2023
$429M
2024
Service exports
$1.55B
2023
$789M
2024
Imports of goods and services, % of GDP
92%
2018
n/a
Exports of goods and services, % of GDP
63.2%
2018
16%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Curacao Grenada
Economic freedom 78 63
Economic freedom ranking 12/197 84/197

Other economic metrics

Curacao Grenada
Services, % of GDP
72.3%
2024
65.7%
2024
Industry, % of GDP
12.2%
2024
15.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.28%
2024
2.95%
2024
GNI, Atlas method
$3.52B
2024
$1.23B
2024
GNI per capita, PPP
$33,300
2024
$18,220
2024
Total reserves including gold n/a
$423M
2024
Total reserves ranking n/a
161/177
2024
Net foreign direct investment
-$129M
2023
-$223M
2024
Net inflows of foreign direct investment
$155M
2024
$164M
2024
Net outflows of foreign direct investment
$8.09M
2024
-$4.02M
2024
Servicing debt to the IMF, % of GNI n/a
3.49%
2024
Poverty at national poverty lines n/a
38%
2020
Gross capital formation, % of GDP
41.1%
2018
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/curacao/grenada | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  4. TradeMap (2020–2022, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.