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
Current account balance as a proportion of GDP in Aruba, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 39th out of 205 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 | % | 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% |
Aruba compared with similar countries
- Aruba's 5.1% is above the median for high income countries, which is 1.6%, 3.2× the median. (69 countries reporting)
- Aruba's 5.1% is above the median for Latin America & Caribbean, which is -1.6%. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +170951.9% | 0.0% | 6.7% |
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
- 36 Samoa 5.6% compare
- 37 Republic of Korea 5.3% compare
- 37 South Korea 5.3% compare
- 40 Sao Tome and Principe 5.0% compare
- 41 Bahrain 4.8% compare
- 42 Japan 4.8% compare
More economy & growth data for Aruba
- Real gdp growth, annual growth rate -16.76 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 0.9279 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per unit of GDP 0.8597 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 19.75 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 64,094 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 9.8 % change on previous year (2024)
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Final consumption expenditure (current US$), per capita 25,871 current US$ per person (2024)
- Final consumption expenditure (current LCU), annual growth rate -1.38 % change on previous year (2024)
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 39th out of 205 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
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