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Economy of Curacao vs Malaysia compared: GDP & Debt

Updated on by Georank

Curacao has a GDP of $3.56B compared to $472B for Malaysia, ranking 168/197 and 35/197 by economy size, respectively.

Curacao vs Malaysia GDP by year

Curacao
Malaysia
1x
Year GDP, current $
Curacao Malaysia
2025 - $472,193,128,645
2024 $3,561,178,212 $422,227,005,429
2023 $3,281,419,330 $399,949,418,753
2022 $3,075,180,838 $407,830,525,990
2021 $2,739,594,358 $373,784,553,030
2020 $2,534,327,598 $337,456,163,961
2019 $3,026,124,134 $365,177,721,022
2018 $3,046,364,804 $358,788,845,713
2017 $3,033,433,240 $319,109,094,160
2016 $3,024,690,168 $301,256,033,870
2015 $3,058,779,218 $301,355,266,965
2014 $3,059,406,983 $338,066,095,097
2013 $3,033,568,603 $323,276,235,524
2012 $3,012,836,257 $314,443,047,642
2011 $2,930,092,235 $297,951,668,675
2010 $2,951,342,793 $255,017,638,456
2009 $2,869,153,184 $202,257,453,037
2008 $2,833,476,145 $230,811,614,370
2007 $2,593,831,508 $193,549,569,478
2006 $2,457,581,732 $162,692,258,307
2005 $2,344,637,263 $143,534,405,819
2004 $2,237,160,503 $124,749,473,684
2003 $2,202,117,374 $110,202,368,421
2002 $2,160,784,693 $100,845,526,316
2001 $2,143,450,726 $92,783,947,368
2000 $2,120,511,229 $93,789,736,842
1999 - $79,148,421,053
1998 - $72,167,498,981
1997 - $100,005,323,302
1996 - $100,855,393,910
1995 - $88,705,342,903
1994 - $74,478,356,958
1993 - $66,894,966,969
1992 - $59,167,550,163
1991 - $49,143,148,094
1990 - $44,024,585,240
1989 - $38,847,965,293
1988 - $35,272,109,220
1987 - $32,181,210,158
1986 - $27,734,111,400
1985 - $31,199,633,353
1984 - $33,942,897,422
1983 - $30,347,442,111
1982 - $26,804,493,635
1981 - $25,004,285,792
1980 - $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 - $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Curacao vs Malaysia by year

Curacao
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Curacao Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $13,125 -
2024 $22,833 $32,693 $11,874 $38,779
2023 $21,218 $30,652 $11,386 $36,467
2022 $20,057 $28,641 $11,755 $34,420
2021 $17,796 $24,906 $10,903 $29,823
2020 $16,300 $21,722 $9,958 $27,475
2019 $19,221 $25,397 $10,920 $28,934
2018 $19,119 $24,623 $10,902 $27,794
2017 $18,938 $24,322 $9,863 $26,416
2016 $18,944 $23,650 $9,477 $25,286
2015 $19,362 $24,038 $9,649 $24,526
2014 $19,623 $24,348 $11,013 $24,307
2013 $19,721 $24,822 $10,714 $23,161
2012 $19,810 $25,106 $10,601 $22,639
2011 $19,426 $26,251 $10,217 $21,324
2010 $19,847 $25,957 $8,899 $20,193
2009 $19,540 $25,950 $7,191 $18,923
2008 $19,423 $26,098 $8,372 $19,480
2007 $18,006 $25,374 $7,169 $18,617
2006 $17,400 $24,590 $6,158 $17,426
2005 $17,032 $24,081 $5,556 $16,371
2004 $16,671 $23,791 $4,939 $15,416
2003 $16,696 $23,522 $4,465 $14,387
2002 $16,724 $23,480 $4,184 $13,656
2001 $16,610 $23,057 $3,944 $13,072
2000 $15,841 $21,891 $4,084 $13,027
1999 - - $3,528 $11,980
1998 - - $3,294 $11,398
1997 - - $4,679 $12,469
1996 - - $4,837 $11,709
1995 - - $4,363 $10,720
1994 - - $3,758 $9,806
1993 - - $3,462 $9,018
1992 - - $3,141 $8,224
1991 - - $2,679 $7,583
1990 - - $2,469 $6,887
1989 - - $2,244 -
1988 - - $2,100 -
1987 - - $1,977 -
1986 - - $1,760 -
1985 - - $2,046 -
1984 - - $2,300 -
1983 - - $2,124 -
1982 - - $1,938 -
1981 - - $1,866 -
1980 - - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 - - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Curacao's GDP per capita is $22,833, ranking 56/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Curacao ranks 70th at $32,693, while Malaysia ranks 60th at $38,779.

Economic indicators

Curacao Malaysia
Gross domestic product
$3.56B
2024
$472B
2025
GDP rank
168/197
2024
35/197
2025
GDP growth
5.03%
2023-2024
5.17%
2024-2025
GDP per capita
$22,833
2024
$13,125
2025
GDP per capita rank
56/197
2024
78/197
2025
GDP per capita, PPP
$32,693
2024
$38,779
2024
GDP per capita PPP rank
70/197
2024
60/197
2024
Government debt n/a
$334B
2025
Debt-to-GDP ratio n/a
70.7%
2025
Government debt per person n/a
$9,273
2025
Government debt per person rank n/a
62/185
2025
Average annual personal income after taxes
$15,072
2026
$11,034
2026
Market capitalization of domestic companies n/a
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10% n/a
30.9%
2021
Income share by poorest 10% n/a
2.3%
2021
Government expenditure, % of GDP
31%
2026
23.4%
2025
Consumer prices inflation
2.62%
2018-2019
1.38%
2024-2025
Central bank interest rate
4.5%
2025
2.75%
2025
Unemployment rate
19.1%
2020
3.9%
2022
Population
156236
36600906

Inflation comparison by year

Inflation
Curacao

Malaysia
1x
Year Consumer prices inflation
Curacao Malaysia
2025 - 1.38%
2024 - 1.83%
2023 - 2.49%
2022 - 3.38%
2021 - 2.48%
2020 - -1.14%
2019 2.62% 0.66%
2018 2.58% 0.88%
2017 1.59% 3.87%
2016 -0.05% 2.09%
2015 -0.48% 2.1%
2014 1.5% 3.14%
2013 1.33% 2.11%
2012 3.18% 1.66%
2011 2.33% 3.17%
2010 2.78% 1.62%
2009 1.75% 0.58%
2008 6.88% 5.44%
2007 3% 2.03%
2006 3.11% 3.61%
2005 4.12% 2.98%
2004 1.38% 1.42%
2003 1.63% 1.09%
2002 0.39% 1.81%
2001 1.79% 1.42%
2000 - 1.53%
1999 - 2.74%
1998 - 5.27%
1997 - 2.66%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 19 years, Curacao has recorded an average annual inflation rate of 2.18%, compared with 2.19% in Malaysia. In 2019, inflation was 2.62% in Curacao and 1.38% in Malaysia.

Top exports between countries

Curacao
Export category Export value
Malaysia
Export category Export value
Textiles & consumer goods $431K
Wood & paper products $215K
Machinery & equipment $186K
Processed food, beverages & tobacco $142K
Metals $111K
Animal & marine products $30K
Chemicals & pharma $10K
Miscellaneous $6K
Precious metals & jewellery $2K
Raw materials & minerals $1K

Balance of trade

Curacao Malaysia
Current account balance
-$655M
2023
$7.15B
2024
Current account balance ranking
106/190
2023
29/190
2024
Current account balance, % of GDP
-20%
2023
+1.69%
2024
Goods imports
$1.83B
2023
$223B
2024
Goods exports
$560M
2023
$248B
2024
Service imports
$935M
2023
$56.4B
2024
Service exports
$1.55B
2023
$53.4B
2024
Imports of goods and services, % of GDP
92%
2018
65.4%
2025
Exports of goods and services, % of GDP
63.2%
2018
71%
2025

Economic freedom indices

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

Curacao Malaysia
Economic freedom 78 68
Economic freedom ranking 12/197 51/197
Property rights n/a 62.7
Government integrity n/a 52.9
Judicial effectiveness n/a 63.4
Tax burden n/a 83.5
Government spending n/a 82
Fiscal health n/a 62.5
Business freedom n/a 79.6
Labor freedom n/a 55.4
Monetary freedom n/a 80.8
Trade freedom n/a 83
Investment freedom n/a 60
Financial freedom n/a 50

Other economic metrics

Curacao Malaysia
Services, % of GDP
72.3%
2024
54.8%
2025
Industry, % of GDP
12.2%
2024
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
0.28%
2024
8.22%
2025
GNI, Atlas method
$3.52B
2024
$445B
2025
GNI per capita, PPP
$33,330
2024
$40,070
2025
Total reserves including gold n/a
$126B
2025
Total reserves ranking n/a
25/177
2025
Net foreign direct investment
-$129M
2023
-$2.55B
2024
Net inflows of foreign direct investment
$155M
2024
$15.6B
2024
Net outflows of foreign direct investment
$8.09M
2024
$13B
2024
Poverty at national poverty lines n/a
5.1%
2023
Gross capital formation, % of GDP
41.1%
2018
20.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. TradeMap (2024–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.

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.