Economy Guide in Curacao
Economic overview, job market trends, income levels, and financial landscape for expats
GDP
$2.70B
Total economic output of the country
HDI
0.89
Very high human development
Quality of Life
N/A
Composite score based on cost of living, safety, healthcare & climate
Purchasing Power
N/A
How much your salary buys after living costs
Cost of Living Index
Exact Cost of Living Index is unavailable. However, the Rent Index (20.5) is very low, and the Restaurant Price Index (64.0) is moderate, indicating generally affordable living costs compared to major global cities. Sales tax ranges from 6% to 9% depending on goods and services.
Housing Market
The property price to income ratio is very low at 2 years, indicating a highly affordable housing market. Annual property tax (OZB) is progressive, ranging from 0.4% to 0.6% of market value.
Average Income Levels
While a specific Purchasing Power Index is unavailable, Curacao's very high Human Development Index (0.89) and recent minimum wage adjustments (NAf 11.72/hour as of Jan 2025) suggest a good standard of living and efforts to maintain purchasing power.
Tax System
Curacao has a progressive individual income tax system with rates ranging from 9.75% to 46.5% for 2024. Sales tax (OB) varies between 6% and 9%, and property tax (OZB) is progressive from 0.4% to 0.6% of market value. Corporate profit tax is 15-22%, with incentives for certain activities.
Business Environment
Curacao offers a favorable business environment, ranked 78th in the 2024 Global Business Complexity Index, characterized by stability and increasing digitalization. The government is actively implementing measures to reduce bureaucracy and costs, and business confidence reached a record high in 2025.
Social Security
Curacao has a very high Human Development Index (0.89), indicating a strong social safety net. The system includes health insurance and aligns with national development goals for well-being and poverty reduction, though specific details on comprehensive pension and unemployment benefits are less explicit in recent public information.
Banking & Financial Safety
Deposits are protected up to Cg 50,000 (approximately USD 27,935) per person per bank or savings fund under the statutory Deposit Guarantee Scheme (DGS) Curaçao, effective July 1, 2025. The scheme is implemented by the Centrale Bank van Curaçao en Sint Maarten (CBCS) and complies with international standards, ensuring financial stability and depositor confidence.
Deposit Protection: up to $27,935 USD (see sources)More Insights for your Move to Curacao
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