WILLEMSTAD – The economy of Curaçao is expected to maintain solid growth in the coming years, although at a slightly slower pace, according to the latest outlook from the Centrale Bank van Curaçao en Sint Maarten (CBCS).
The central bank projects economic growth of nearly 4 percent this year, driven largely by continued strength in tourism, investment, and increased economic activity. However, growth is expected to moderate to around 3 percent by 2026, signaling a gradual normalization after the strong post-pandemic recovery.
At the same time, inflation is forecast to decline to approximately 2 percent, offering some relief after recent years of elevated price increases. While the cost of living remains higher than before, the slower rise in prices suggests that economic pressures on households may begin to ease.
Labor market conditions are also improving. Unemployment continues to decline as more people find work, reflecting increased activity across sectors such as tourism, construction, and services.
The CBCS notes that government finances are showing signs of improvement as well. Public debt is becoming more manageable, and inflows of external capital—through tourism and investment—are contributing to overall economic stability.
Despite the positive outlook, the central bank emphasizes that Curaçao’s economy remains vulnerable to external shocks. Global developments, including geopolitical tensions and fluctuations in oil prices, could quickly impact the island due to its high dependence on imports.
For now, the CBCS intends to maintain its current monetary policy, focused on preserving currency stability and ensuring balanced economic growth.