Current account balance in Aruba
Aruba: Current account balance was 5.2% 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 % of GDP.
Analysis
The most recent figure for current account balance in Aruba is 5.2%, measured in 2023.
Compared with earlier readings it is down 25.1% on the previous year and up 143.9% over ten years.
Over the whole period, current account balance in Aruba peaked at 16.3% in 2001 and was at its lowest, -25.3%, in 1999.
Aruba ranks 37th of 199 countries on this measure, in the top quarter.
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 | % of GDP | Change |
|---|---|---|
| 1986 | -4.6% | — |
| 1987 | -4.6% | +0.6% |
| 1988 | -7.4% | +60.4% |
| 1989 | -6.7% | -9.6% |
| 1990 | -20.7% | +208.0% |
| 1991 | -24.0% | +16.2% |
| 1992 | 4.6% | -119.0% |
| 1993 | 3.9% | -15.7% |
| 1994 | 6.5% | +68.9% |
| 1995 | -0.0% | -100.3% |
| 1996 | -5.0% | +23578.3% |
| 1997 | -12.8% | +155.2% |
| 1998 | -1.1% | -91.2% |
| 1999 | -25.3% | +2142.7% |
| 2000 | 11.1% | -143.7% |
| 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% | -528.3% |
| 2020 | -12.9% | -607.6% |
| 2021 | 2.7% | -121.3% |
| 2022 | 6.9% | +152.7% |
| 2023 | 5.2% | -25.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -5.8% | -7.4% | -4.6% | 4 |
| 1990s | -7.4% | -25.3% | 6.5% | 10 |
| 2000s | 4.7% | -17.3% | 16.3% | 10 |
| 2010s | -3.0% | -18.8% | 4.7% | 10 |
| 2020s | 0.5% | -12.9% | 6.9% | 4 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Industry (including construction), value added (current LCU), annual 25.46 % change on previous year (2023)
- Industry (including construction), value added (constant 2015 US$) 0.1014 constant 2015 US$ per US$ of GDP (2023)
- Industry (including construction), value added (constant 2015 US$) 0.625 % change on previous year (2023)
- Industry (including construction), value added (current LCU), per 6,770 current LCU per person (2023)
- Industry (including construction), value added (current LCU), per 0.194 current LCU per US$ of GDP (2023)
- Industry (including construction), value added (current US$), per 0.1084 current US$ per US$ of GDP (2023)
- Manufacturing, value added (constant LCU), per capita 1,589 constant LCU per person (2023)
- Industry (including construction), value added (current US$), annual 25.46 % change on previous year (2023)
- Services, value added (current US$), per capita 26,620 current US$ per person (2023)
- Industry (including construction), value added (current US$), per 3,782 current US$ per person (2023)
Frequently asked questions
- What is current account balance in Aruba?
- Current account balance in Aruba was 5.2% 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 16.3% in 2001.
- What is the lowest current account balance recorded in Aruba?
- The lowest recorded value was -25.3% in 1999.
- How does Aruba rank for current account balance?
- Aruba ranks 37th out of 199 countries with data for 2023.
- Is current account balance rising or falling in Aruba?
- Over the last ten years it is up 143.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.