Curaçao doughnut economy
|Curaçao. Ministry of Economic Development
The economy of Curaçao is in times of great change. Financial services, the oil refinery, tourism, trade and logistics were the stable pillars of the island’s economy until a few years ago. These pillars are in need of a more sustainable direction than is previously designed. As of March 2020, Coronavirus-related government measures have gradually reduced the island’s tourism and service sector to a limited existence. At the same time, the measures have revealed which sectors (health and education) contain key occupational groups to keep our society going. These changes make it clear that the economic model of Curaçao needs a critical review.