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Economy of Curacao vs Paraguay compared: GDP & Debt

Updated on by Georank team

Curacao has a GDP of $3.56B compared to $44.5B for Paraguay, ranking 167/197 and 98/197 by economy size, respectively.

Curacao vs Paraguay GDP by year

Curacao
Paraguay
1x
Year GDP, current $
Curacao Paraguay
2024 $3,561,178,196 $44,458,118,397
2023 $3,281,419,347 $43,118,053,175
2022 $3,075,180,835 $41,952,910,858
2021 $2,739,594,360 $39,950,899,939
2020 $2,534,327,592 $35,432,178,068
2019 $3,026,124,116 $37,925,338,329
2018 $3,046,364,820 $40,225,448,341
2017 $3,033,433,248 $38,997,129,474
2016 $3,024,690,188 $36,089,700,223
2015 $3,058,779,212 $36,211,447,840
2014 $3,059,406,995 $40,377,929,296
2013 $3,033,568,606 $38,501,122,141
2012 $3,012,836,257 $33,271,921,136
2011 $2,930,092,237 $33,756,238,766
2010 $2,951,342,793 $27,260,886,405
2009 $2,869,153,184 $22,355,151,162
2008 $2,833,476,145 $24,615,267,664
2007 $2,593,831,508 $17,856,393,235
2006 $2,457,581,732 $13,429,430,050
2005 $2,344,637,263 $10,737,500,188
2004 $2,237,160,503 $9,624,440,836
2003 $2,202,117,374 $7,691,367,471
2002 $2,160,784,693 $7,196,260,657
2001 $2,143,450,726 $8,495,806,432
2000 $2,120,511,229 $8,855,705,140
1999 - $8,837,070,236
1998 - $9,260,481,572
1997 - $9,965,225,678
1996 - $9,788,391,781
1995 - $9,062,131,475
1994 - $7,870,982,005
1993 - $7,249,533,620
1992 - $7,157,424,031
1991 - $6,984,367,763
1990 - $5,812,114,523
1989 - $4,757,732,200
1988 - $4,255,683,528
1987 - $3,971,044,724
1986 - $3,723,993,943
1985 - $3,282,449,236
1984 - $4,502,462,807
1983 - $5,673,248,726
1982 - $5,419,411,765
1981 - $5,624,515,873
1980 - $4,448,087,302
1979 - $3,416,777,778
1978 - $2,559,857,143
1977 - $2,092,158,730
1976 - $1,698,960,317
1975 - $1,511,420,635
1974 - $1,333,475,397
1973 - $995,531,746
1972 - $769,039,683
1971 - $664,571,429
1970 - $594,611,111
1969 - $556,293,651
1968 - $517,650,794
1967 - $492,674,603
1966 - $465,888,889
1965 - $443,587,302
1964 - $408,349,206
1963 - $383,904,762
1962 - $360,698,413
1961 - $322,053,713
1960 - $288,884,368

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Curacao vs Paraguay by year

Curacao
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Curacao Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $22,833 $32,693 $6,416 $18,524
2023 $21,218 $30,652 $6,300 $17,564
2022 $20,057 $28,641 $6,206 $16,347
2021 $17,796 $24,906 $5,977 $15,406
2020 $16,300 $21,722 $5,365 $14,309
2019 $19,221 $25,397 $5,821 $14,150
2018 $19,119 $24,623 $6,258 $14,139
2017 $18,938 $24,322 $6,152 $13,977
2016 $18,944 $23,650 $5,775 $13,329
2015 $19,362 $24,038 $5,879 $12,679
2014 $19,623 $24,348 $6,652 $12,607
2013 $19,721 $24,822 $6,436 $12,137
2012 $19,810 $25,106 $5,642 $10,954
2011 $19,426 $26,251 $5,805 $11,442
2010 $19,847 $25,957 $4,751 $10,893
2009 $19,540 $25,950 $3,942 $9,802
2008 $19,423 $26,098 $4,385 $9,867
2007 $18,006 $25,374 $3,212 $9,179
2006 $17,400 $24,590 $2,439 $8,561
2005 $17,032 $24,081 $1,971 $8,007
2004 $16,671 $23,791 $1,786 $7,686
2003 $16,696 $23,522 $1,444 $7,276
2002 $16,724 $23,480 $1,368 $6,924
2001 $16,610 $23,057 $1,638 $6,916
2000 $15,841 $21,891 $1,736 $6,937
1999 - - $1,766 $7,080
1998 - - $1,890 $7,227
1997 - - $2,079 $7,299
1996 - - $2,088 $7,040
1995 - - $1,979 $6,966
1994 - - $1,760 $6,542
1993 - - $1,662 $6,234
1992 - - $1,683 $5,952
1991 - - $1,685 $5,873
1990 - - $1,440 $5,637
1989 - - $1,211 -
1988 - - $1,114 -
1987 - - $1,069 -
1986 - - $1,031 -
1985 - - $935 -
1984 - - $1,319 -
1983 - - $1,710 -
1982 - - $1,680 -
1981 - - $1,793 -
1980 - - $1,457 -
1979 - - $1,149 -
1978 - - $883 -
1977 - - $740 -
1976 - - $616 -
1975 - - $562 -
1974 - - $508 -
1973 - - $389 -
1972 - - $308 -
1971 - - $272.1 -
1970 - - $249 -
1969 - - $238.2 -
1968 - - $226.8 -
1967 - - $220.9 -
1966 - - $213.9 -
1965 - - $208.7 -
1964 - - $197 -
1963 - - $189.9 -
1962 - - $182.8 -
1961 - - $167.1 -
1960 - - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Curacao's GDP per capita is $22,833, ranking 56/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Curacao ranks 70th at $32,693, while Paraguay ranks 102nd at $18,524.

Economic indicators

Curacao Paraguay
Gross domestic product
$3.56B
2024
$44.5B
2024
GDP rank
167/197
2024
98/197
2024
GDP growth
5.03%
2023-2024
4.25%
2023-2024
GDP per capita
$22,833
2024
$6,416
2024
GDP per capita rank
56/197
2024
109/197
2024
GDP per capita, PPP
$32,693
2024
$18,524
2024
GDP per capita PPP rank
70/197
2024
102/197
2024
Government debt n/a
$19.9B
2024
Debt-to-GDP ratio n/a
44.8%
2024
Government debt per person n/a
$2,872
2024
Government debt per person rank n/a
103/185
2024
Average annual personal income after taxes
$14,995
2026
$6,136
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10% n/a
35%
2024
Income share by poorest 10% n/a
2%
2024
Government expenditure, % of GDP
31%
2025
21%
2024
Consumer prices inflation
2.62%
2018-2019
3.84%
2023-2024
Central bank interest rate
4.5%
2025
6%
2024
Unemployment rate
19.1%
2020
5.69%
2024
Population
155976
7120169

Inflation comparison by year

Inflation
Curacao

Paraguay
1x
Year Consumer prices inflation
Curacao Paraguay
2024 - 3.84%
2023 - 4.63%
2022 - 9.77%
2021 - 4.79%
2020 - 1.77%
2019 2.62% 2.76%
2018 2.58% 3.98%
2017 1.59% 3.6%
2016 -0.05% 4.09%
2015 -0.48% 3.13%
2014 1.5% 5.03%
2013 1.33% 2.68%
2012 3.18% 3.68%
2011 2.33% 8.25%
2010 2.78% 4.65%
2009 1.75% 2.59%
2008 6.88% 10.2%
2007 3% 8.13%
2006 3.11% 9.59%
2005 4.12% 6.81%
2004 1.38% 4.32%
2003 1.63% 14.2%
2002 0.39% 10.5%
2001 1.79% 7.27%
2000 - 8.98%
1999 - 6.75%
1998 - 11.6%
1997 - 6.95%

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

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

Over the past 19 years, Curacao has recorded an average annual inflation rate of 2.18%, compared with 6.08% in Paraguay. In 2019, inflation was 2.62% in Curacao and 3.84% in Paraguay.

Top exports between countries

Curacao
Export category Export value
Paraguay
Export category Export value
Processed food, beverages & tobacco $1.52M
Animal & marine products $394K

Balance of trade

Curacao Paraguay
Current account balance
-$655M
2023
-$1.53B
2024
Current account balance ranking
113/190
2023
133/190
2024
Current account balance, % of GDP
-20%
2023
-3.44%
2024
Goods imports
$1.83B
2023
$15.8B
2024
Goods exports
$560M
2023
$14.9B
2024
Service imports
$935M
2023
$2.54B
2024
Service exports
$1.55B
2023
$2.65B
2024
Imports of goods and services, % of GDP
92%
2018
39.6%
2024
Exports of goods and services, % of GDP
63.2%
2018
37.2%
2024

Economic freedom indices

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

Curacao Paraguay
Economic freedom 78 66.4
Economic freedom ranking 12/197 61/197
Property rights n/a 44.2
Government integrity n/a 27.3
Judicial effectiveness n/a 38.4
Tax burden n/a 95.9
Government spending n/a 86.9
Fiscal health n/a 83
Business freedom n/a 72
Labor freedom n/a 44.1
Monetary freedom n/a 76.5
Trade freedom n/a 78.4
Investment freedom n/a 80
Financial freedom n/a 70

Other economic metrics

Curacao Paraguay
Services, % of GDP
72.3%
2024
48.7%
2024
Industry, % of GDP
12.2%
2024
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.28%
2024
10.7%
2024
GNI, Atlas method
$3.52B
2024
$43.7B
2024
GNI per capita, PPP
$33,300
2024
$17,930
2024
Total reserves including gold n/a
$9.89B
2023
Total reserves ranking n/a
76/177
2023
Net foreign direct investment
-$129M
2023
-$335M
2024
Net inflows of foreign direct investment
$155M
2024
$1.1B
2024
Net outflows of foreign direct investment
$8.09M
2024
$166M
2024
Servicing debt to the IMF, % of GNI n/a
4.58%
2024
Poverty at national poverty lines n/a
20.1%
2024
Gross capital formation, % of GDP
41.1%
2018
22.8%
2024

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/paraguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.