Current account balance in Aruba
Aruba: Current account balance was 194.50 million BoP, current US$ in 2023. ◆ Volatile
Current account balance in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, current account balance in Aruba stood at 194.50 million BoP, current US$.
Compared with earlier readings it is down 15.6% on the previous year and up 160.4% over ten years.
Over the whole period, current account balance in Aruba peaked at 310.56 million BoP, current US$ in 2006 and was at its lowest, -460.11 million BoP, current US$, in 2010.
That places Aruba 63rd out of 200 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Aruba, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | -18.66 million BoP, current US$ | — |
| 1987 | -22.57 million BoP, current US$ | +21.0% |
| 1988 | -44.30 million BoP, current US$ | +96.3% |
| 1989 | -46.70 million BoP, current US$ | +5.4% |
| 1990 | -158.16 million BoP, current US$ | +238.6% |
| 1991 | -209.50 million BoP, current US$ | +32.5% |
| 1992 | 43.80 million BoP, current US$ | -120.9% |
| 1993 | 41.73 million BoP, current US$ | -4.7% |
| 1994 | 81.06 million BoP, current US$ | +94.2% |
| 1995 | -279,330 BoP, current US$ | -100.3% |
| 1996 | -69.11 million BoP, current US$ | +24639.9% |
| 1997 | -195.81 million BoP, current US$ | +183.3% |
| 1998 | -18.77 million BoP, current US$ | -90.4% |
| 1999 | -435.51 million BoP, current US$ | +2220.1% |
| 2000 | 207.15 million BoP, current US$ | -147.6% |
| 2001 | 308.76 million BoP, current US$ | +49.1% |
| 2002 | -340.25 million BoP, current US$ | -210.2% |
| 2003 | -165.55 million BoP, current US$ | -51.3% |
| 2004 | 270.89 million BoP, current US$ | -263.6% |
| 2005 | 104.96 million BoP, current US$ | -61.3% |
| 2006 | 310.56 million BoP, current US$ | +195.9% |
| 2007 | 258.27 million BoP, current US$ | -16.8% |
| 2008 | 111,732 BoP, current US$ | -100.0% |
| 2009 | 171.68 million BoP, current US$ | +153549.8% |
| 2010 | -460.11 million BoP, current US$ | -368.0% |
| 2011 | -260.56 million BoP, current US$ | -43.4% |
| 2012 | 90.84 million BoP, current US$ | -134.9% |
| 2013 | -322.25 million BoP, current US$ | -454.7% |
| 2014 | -130.01 million BoP, current US$ | -59.7% |
| 2015 | 118.34 million BoP, current US$ | -191.0% |
| 2016 | 141.18 million BoP, current US$ | +19.3% |
| 2017 | 34.63 million BoP, current US$ | -75.5% |
| 2018 | -19.37 million BoP, current US$ | -155.9% |
| 2019 | 84.80 million BoP, current US$ | -537.7% |
| 2020 | -316.45 million BoP, current US$ | -473.2% |
| 2021 | 79.26 million BoP, current US$ | -125.0% |
| 2022 | 230.56 million BoP, current US$ | +190.9% |
| 2023 | 194.50 million BoP, current US$ | -15.6% |
Aruba compared with similar countries
- Aruba's 194.50 million BoP, current US$ is below the median for high income countries, which is 303.23 million BoP, current US$, 64% of the median. (72 countries reporting)
- Aruba's 194.50 million BoP, current US$ is above the median for Latin America & Caribbean, which is -281.35 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +153549.8% | 111,732 BoP, current US$ | 171.68 million BoP, current US$ |
| 1996 | -24639.9% | -279,330 BoP, current US$ | -69.11 million BoP, current US$ |
| 1999 | -2220.1% | -18.77 million BoP, current US$ | -435.51 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -33.06 million BoP, current US$ | -46.70 million BoP, current US$ | -18.66 million BoP, current US$ | 4 |
| 1990s | -92.05 million BoP, current US$ | -435.51 million BoP, current US$ | 81.06 million BoP, current US$ | 10 |
| 2000s | 112.66 million BoP, current US$ | -340.25 million BoP, current US$ | 310.56 million BoP, current US$ | 10 |
| 2010s | -72.25 million BoP, current US$ | -460.11 million BoP, current US$ | 141.18 million BoP, current US$ | 10 |
| 2020s | 46.96 million BoP, current US$ | -316.45 million BoP, current US$ | 230.56 million BoP, current US$ | 4 |
Countries ranked near Aruba
- 60 Zimbabwe 501.20 million BoP, current US$ compare
- 61 San Marino 445.85 million BoP, current US$ compare
- 62 French Polynesia 411.96 million BoP, current US$ compare
- 64 Faroe Islands 194.30 million BoP, current US$ compare
- 65 Turks and Caicos Islands 172.71 million BoP, current US$ compare
- 66 Gabon 141.00 million BoP, current US$ compare
More economy & growth data for Aruba
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Exports of goods and services (current US$), per capita 33,176 current US$ per person (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)
- Final consumption expenditure (current LCU), annual growth rate -1.38 % change on previous year (2024)
- Final consumption expenditure (current LCU), per unit of GDP 1.2 current LCU per US$ of GDP (2024)
- Final consumption expenditure (current LCU), per capita 46,310 current LCU per person (2024)
Frequently asked questions
- What is current account balance in Aruba?
- Current account balance in Aruba was 194.50 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Aruba?
- The highest recorded value was 310.56 million BoP, current US$ in 2006.
- What is the lowest current account balance recorded in Aruba?
- The lowest recorded value was -460.11 million BoP, current US$ in 2010.
- How does Aruba rank for current account balance?
- Aruba ranks 63rd out of 200 countries with data for 2023.
- Is current account balance rising or falling in Aruba?
- Over the last ten years it is up 160.4%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.