Current account balance as a proportion of GDP in Aruba
Aruba: Current account balance as a proportion of GDP was 5.1% in 2023. ◆ Volatile
Latest (2023)
5.1%
Change on year
down 26.9%
World rank
33rd
of 177 countries
All-time high
16.3%
in 2001
All-time low
-18.8%
in 2010
Years of data
24
2000–2023
Current account balance as a proportion of GDP in Aruba, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, current account balance as a proportion of gdp in Aruba stood at 5.1%.
The figure is down 26.9% on the previous year and up 142.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Aruba peaked at 16.3% in 2001 and was at its lowest, -18.8%, in 2010.
That places Aruba 33rd out of 177 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Aruba, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 11.1% | — |
| 2001 | 16.3% | +47.2% |
| 2002 | -17.3% | -206.5% |
| 2003 | -8.1% | -53.3% |
| 2004 | 12.0% | -248.3% |
| 2005 | 4.4% | -63.0% |
| 2006 | 12.6% | +182.7% |
| 2007 | 9.6% | -23.3% |
| 2008 | 0.0% | -100.0% |
| 2009 | 6.7% | +170951.9% |
| 2010 | -18.8% | -379.0% |
| 2011 | -9.9% | -47.3% |
| 2012 | 3.5% | -135.2% |
| 2013 | -11.8% | -440.1% |
| 2014 | -4.7% | -60.6% |
| 2015 | 4.0% | -185.7% |
| 2016 | 4.7% | +18.5% |
| 2017 | 1.1% | -76.3% |
| 2018 | -0.6% | -152.8% |
| 2019 | 2.5% | -528.5% |
| 2020 | -12.8% | -605.4% |
| 2021 | 2.8% | -121.5% |
| 2022 | 6.9% | +152.1% |
| 2023 | 5.1% | -26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.7% | -17.3% | 16.3% | 10 |
| 2010s | -3.0% | -18.8% | 4.7% | 10 |
| 2020s | 0.5% | -12.8% | 6.9% | 4 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.033 constant 2015 US$ per US$ of GDP (2023)
- Industry (including construction), value added (current LCU), annual 25.46 % change on previous year (2023)
- Industry (including construction), value added (current US$), per 0.1084 current US$ per US$ of GDP (2023)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 24.97 % change on previous year (2023)
- Industry (including construction), value added (current US$), annual 25.46 % change on previous year (2023)
- Manufacturing, value added (constant LCU), per capita 1,589 constant LCU per person (2023)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0003 constant 2015 US$ per US$ of GDP (2023)
- Services, value added (current LCU), per unit of GDP 1.37 current LCU per US$ of GDP (2023)
- Manufacturing, value added (constant 2015 US$), per capita 1,152 constant 2015 US$ per person (2023)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0005 constant LCU per US$ of GDP (2023)
Frequently asked questions
- What is current account balance as a proportion of gdp in Aruba?
- Current account balance as a proportion of gdp in Aruba was 5.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Aruba?
- The highest recorded value was 16.3% in 2001.
- What is the lowest current account balance as a proportion of gdp recorded in Aruba?
- The lowest recorded value was -18.8% in 2010.
- How does Aruba rank for current account balance as a proportion of gdp?
- Aruba ranks 33rd out of 177 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Aruba?
- Over the last ten years it is up 142.9%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).