WILLEMSTAD – While Curaçao's economy grew by an impressive 5.1 percent in 2025, new figures from the Central Bureau of Statistics (CBS) reveal significant challenges in the industrial and education sectors that policymakers may need to address.
According to the preliminary GDP report for 2025, two sectors recorded notable declines despite the broader economic expansion: industry contracted by 4.4 percent, while education experienced a sharp decline of 9.7 percent.
CBS identified both sectors as areas requiring policy attention.
The decline in industry was largely attributed to reduced maintenance activities in the harbor compared to the previous year. The sector's performance highlights the continued dependence of parts of Curaçao's economy on maritime services and port-related operations.
The education sector experienced the largest contraction among all economic activities, shrinking by nearly 10 percent. CBS attributed much of the decline to a decrease in student numbers, one of the key indicators used to measure educational activity.
The findings raise concerns about demographic trends and the potential long-term impact on Curaçao's labor market.
The decline in education comes as businesses across the island continue to report difficulties finding qualified workers in sectors such as tourism, healthcare, construction, and government services. Several recent studies and policy discussions have highlighted the growing mismatch between labor market needs and the available workforce.
The CBS report suggests that while tourism is generating strong economic growth, underlying structural challenges remain.
The island's hospitality sector expanded by 10.8 percent in 2025, making it the fastest-growing sector in the economy. Financial services grew by 9.8 percent, construction by 9.4 percent, transportation by 7.1 percent, and trade by 6.8 percent.
However, economists often caution that economies heavily dependent on tourism can face vulnerabilities if workforce development and economic diversification fail to keep pace with growth.
CBS specifically described the negative developments in industry and education as "points of attention for policy and governance," signaling that government intervention may be needed to strengthen these sectors.
As Curaçao continues to benefit from record tourism arrivals and increased investment, the challenge for policymakers may be ensuring that the island develops the skilled workforce and diversified economy needed to sustain growth over the long term.