Economy of Curaçao

[3][4][5] Early in its history, Curaçao's economy was centered on salt mining from saline-rich ponds located in the eastern part of the island.

Up until that time, dating back to the 16th century, settlers (first Spanish & later Dutch & Sephardic Portuguese Jews) made numerous, failed attempts at creating an agricultural industry.

Although the island's geography was at first considered an obstacle economically, it later proved to be invaluable due to its ideal location for trade and commerce.

[6] During WWII, Curaçao was a safe-haven for Dutch multi-national companies, beginning the island's history as a financial services center.

The construction of the Mega Pier has recently allowed larger cruise ships to dock at Curaçao, increasing its position as a tourism destination.

Beginning in early 2014, the Lynx rocketplane is expected to be flying suborbital space tourism flights and scientific research missions from a new spaceport on Curaçao.

The discovery of oil in the Maracaibo Basin of Venezuela in the early 20th century forced the Venezuelan government to search for ideal locations for large scale refining.

In July, the discussions were suspended but Prime Minister Rhuggenaath announced that he would travel to China later in the year to reopen negotiations.

[14] Many international online gaming platforms, including Stake,[15] are registered in Curaçao, leveraging the island's regulatory framework to offer services globally.

Oil tanker departing from the port of Willemstad
Isla Oil Refinery in Port of Willemstad photographed from Fort Nassau