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Economy of Curacao vs Russia compared: GDP & Debt

Updated on by Georank team

Curacao has a GDP of $3.56B compared to $2.17T for Russia, ranking 167/197 and 11/197 by economy size, respectively.

Curacao vs Russia GDP by year

Curacao
Russia
1x
Year GDP, current $
Curacao Russia
2024 $3,561,178,196 $2,173,835,806,672
2023 $3,281,419,347 $2,071,505,725,031
2022 $3,075,180,835 $2,291,612,121,335
2021 $2,739,594,360 $1,829,186,719,575
2020 $2,534,327,592 $1,493,075,894,362
2019 $3,026,124,116 $1,693,115,002,708
2018 $3,046,364,820 $1,657,328,773,461
2017 $3,033,433,248 $1,574,199,360,089
2016 $3,024,690,188 $1,276,786,350,881
2015 $3,058,779,212 $1,363,482,182,198
2014 $3,059,406,995 $2,059,241,589,895
2013 $3,033,568,606 $2,292,470,078,346
2012 $3,012,836,257 $2,208,293,553,878
2011 $2,930,092,237 $2,045,922,753,398
2010 $2,951,342,793 $1,524,916,715,224
2009 $2,869,153,184 $1,222,645,900,056
2008 $2,833,476,145 $1,660,848,058,303
2007 $2,593,831,508 $1,299,703,478,482
2006 $2,457,581,732 $989,932,071,353
2005 $2,344,637,263 $764,015,973,481
2004 $2,237,160,503 $591,016,690,732
2003 $2,202,117,374 $430,347,420,185
2002 $2,160,784,693 $345,470,494,418
2001 $2,143,450,726 $306,602,070,621
2000 $2,120,511,229 $259,710,142,197
1999 - $195,907,128,351
1998 - $270,955,486,862
1997 - $404,928,954,192
1996 - $391,724,890,744
1995 - $395,537,185,735
1994 - $395,077,301,248
1993 - $435,083,713,851
1992 - $460,290,556,901
1991 - $517,962,962,963
1990 - $517,014,446,228
1989 - $506,631,299,735
1988 - $554,828,660,436

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

GDP per capita in Curacao vs Russia by year

Curacao
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Curacao Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $22,833 $32,693 $15,145 $47,405
2023 $21,218 $30,652 $14,403 $44,269
2022 $20,057 $28,641 $15,888 $40,939
2021 $17,796 $24,906 $12,637 $38,638
2020 $16,300 $21,722 $10,280 $31,491
2019 $19,221 $25,397 $11,640 $30,964
2018 $19,119 $24,623 $11,399 $28,629
2017 $18,938 $24,322 $10,835 $25,778
2016 $18,944 $23,650 $8,804 $24,012
2015 $19,362 $24,038 $9,427 $23,994
2014 $19,623 $24,348 $14,277 $25,688
2013 $19,721 $24,822 $15,941 $26,020
2012 $19,810 $25,106 $15,402 $24,274
2011 $19,426 $26,251 $14,305 $22,790
2010 $19,847 $25,957 $10,675 $20,490
2009 $19,540 $25,950 $8,563 $19,390
2008 $19,423 $26,098 $11,635 $20,164
2007 $18,006 $25,374 $9,101 $16,648
2006 $17,400 $24,590 $6,920 $14,912
2005 $17,032 $24,081 $5,323 $11,822
2004 $16,671 $23,791 $4,102 $10,227
2003 $16,696 $23,522 $2,975 $9,255
2002 $16,724 $23,480 $2,378 $8,037
2001 $16,610 $23,057 $2,100 $7,361
2000 $15,841 $21,891 $1,772 $6,825
1999 - - $1,331 $5,914
1998 - - $1,835 $5,465
1997 - - $2,738 $5,700
1996 - - $2,644 $5,518
1995 - - $2,666 $5,613
1994 - - $2,662 $5,734
1993 - - $2,931 $6,420
1992 - - $3,099 $6,862
1991 - - $3,490 $7,858
1990 - - $3,494 $8,028
1989 - - $3,430 -
1988 - - $3,778 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

Curacao's GDP per capita is $22,833, ranking 56/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Curacao ranks 70th at $32,693, while Russia ranks 50th at $47,405.

Economic indicators

Curacao Russia
Gross domestic product
$3.56B
2024
$2.17T
2024
GDP rank
167/197
2024
11/197
2024
GDP growth
5.03%
2023-2024
4.34%
2023-2024
GDP per capita
$22,833
2024
$15,145
2024
GDP per capita rank
56/197
2024
68/197
2024
GDP per capita, PPP
$32,693
2024
$47,405
2024
GDP per capita PPP rank
70/197
2024
50/197
2024
Government debt n/a
$440B
2024
Debt-to-GDP ratio n/a
20.3%
2024
Government debt per person n/a
$3,067
2024
Government debt per person rank n/a
98/185
2024
Average annual personal income after taxes
$14,995
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10% n/a
25.1%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
31%
2025
36.9%
2024
Consumer prices inflation
2.62%
2018-2019
8.4%
2023-2024
Central bank interest rate
4.5%
2025
16%
2025
Unemployment rate
19.1%
2020
2.43%
2024
Population
155976
141906741

Inflation comparison by year

Inflation
Curacao

Russia
1x
Year Consumer prices inflation
Curacao Russia
2024 - 8.4%
2023 - 5.9%
2022 - 13.7%
2021 - 6.7%
2020 - 3.4%
2019 2.62% 4.5%
2018 2.58% 2.9%
2017 1.59% 3.7%
2016 -0.05% 7%
2015 -0.48% 15.5%
2014 1.5% 7.8%
2013 1.33% 6.8%
2012 3.18% 5.1%
2011 2.33% 8.4%
2010 2.78% 6.8%
2009 1.75% 11.6%
2008 6.88% 14.1%
2007 3% 9%
2006 3.11% 9.7%
2005 4.12% 12.7%
2004 1.38% 10.9%
2003 1.63% 13.7%
2002 0.39% 15.8%
2001 1.79% 21.5%
2000 - 20.8%
1999 - 85.7%
1998 - 27.7%
1997 - 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2001–2019, retrieved 2026-04-06).

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

Over the past 19 years, Curacao has recorded an average annual inflation rate of 2.18%, compared with 9.87% in Russia. In 2019, inflation was 2.62% in Curacao and 8.4% in Russia.

Top exports between countries

Curacao
Export category Export value
Russia
Export category Export value
IT & IP services $3.23M
Transport & tourism services $2.98M
Business & finance services $2.23M
Raw materials & minerals $304K
Wood & paper products $119K
Raw agricultural goods $30K
Manufacturing & construction services $2K

Balance of trade

Curacao Russia
Current account balance
-$655M
2023
$63.4B
2024
Current account balance ranking
113/190
2023
12/190
2024
Current account balance, % of GDP
-20%
2023
+2.91%
2024
Goods imports
$1.83B
2023
$302B
2024
Goods exports
$560M
2023
$434B
2024
Service imports
$935M
2023
$81.5B
2024
Service exports
$1.55B
2023
$43.1B
2024
Imports of goods and services, % of GDP
92%
2018
17.6%
2024
Exports of goods and services, % of GDP
63.2%
2018
21.9%
2024

Economic freedom indices

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

Curacao Russia
Economic freedom 78 50.3
Economic freedom ranking 12/197 161/197
Property rights n/a 18.6
Government integrity n/a 22.8
Judicial effectiveness n/a 22.8
Tax burden n/a 81.9
Government spending n/a 61.3
Fiscal health n/a 94.4
Business freedom n/a 51.4
Labor freedom n/a 59.1
Monetary freedom n/a 61.8
Trade freedom n/a 69.4
Investment freedom n/a 30
Financial freedom n/a 30

Other economic metrics

Curacao Russia
Services, % of GDP
72.3%
2024
57.5%
2024
Industry, % of GDP
12.2%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.28%
2024
2.74%
2024
GNI, Atlas method
$3.52B
2024
$2.24T
2024
GNI per capita, PPP
$33,300
2024
$46,780
2024
Total reserves including gold n/a
$597B
2023
Total reserves ranking n/a
6/177
2023
Net foreign direct investment
-$129M
2023
$9.37B
2024
Net inflows of foreign direct investment
$155M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$8.09M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.65%
2024
Poverty at national poverty lines n/a
12.1%
2020
Gross capital formation, % of GDP
41.1%
2018
26.3%
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/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2019–2021, 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.