Stable democratic parliamentary system of government in the Kingdom of the Netherlands Prosperous economy with per capita GDP to exceed US$22,000 in 2013 Strong government balance sheet despite recent fiscal slippage Low per capita GDP growth over the last decade Limited monetary and external flexibility The ratings on Curaçao reflect its stable democratic parliamentary system and rule of law in the Kingdom of the Netherlands, its prosperous economy, high level of social development, and strong government balance sheet. The country's low per capita GDP growth and limited monetary and external flexibility constrain the ratings. Curaçao's per capita GDP is likely to exceed US$22,000 in 2013 despite an expected economic contraction of nearly 2%. Its economy is somewhat more diversified than
