External balance on goods and services as a percent of GDP in Aruba
Aruba: External balance on goods and services as a percent of GDP was 7.8% in 2024. ◆ Volatile
External balance on goods and services as a percent of GDP in Aruba, 1995–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Aruba is 7.8%, measured in 2024. That is the highest value across all 30 years on record.
That represents a change of up 30.0% on the previous year and up 239.7% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Aruba peaked at 7.8% in 2024 and was at its lowest, -15.6%, in 2020.
That places Aruba 26th out of 191 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | -1.6% | — |
| 1996 | -2.1% | +31.9% |
| 1997 | -3.7% | +80.2% |
| 1998 | -4.0% | +7.3% |
| 1999 | -4.7% | +17.8% |
| 2000 | 3.7% | -178.7% |
| 2001 | 1.6% | -56.7% |
| 2002 | -4.1% | -356.0% |
| 2003 | -7.3% | +78.7% |
| 2004 | -3.1% | -57.7% |
| 2005 | -8.9% | +187.1% |
| 2006 | -11.9% | +33.2% |
| 2007 | -9.8% | -16.9% |
| 2008 | -8.1% | -18.3% |
| 2009 | -11.7% | +45.6% |
| 2010 | -15.0% | +28.2% |
| 2011 | -14.9% | -0.6% |
| 2012 | -10.4% | -30.1% |
| 2013 | -8.6% | -17.8% |
| 2014 | -5.6% | -34.9% |
| 2015 | 0.2% | -102.7% |
| 2016 | 1.0% | +595.3% |
| 2017 | 0.6% | -46.7% |
| 2018 | -2.0% | -460.2% |
| 2019 | -4.5% | +125.0% |
| 2020 | -15.6% | +246.1% |
| 2021 | -4.9% | -68.9% |
| 2022 | 0.9% | -119.1% |
| 2023 | 6.0% | +546.8% |
| 2024 | 7.8% | +30.0% |
Aruba compared with similar countries
- Aruba's 7.8% is above the median for high income countries, which is 2.2%, 3.5× the median. (72 countries reporting)
- Aruba's 7.8% is above the median for Latin America & Caribbean, which is -2.1%. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services as a percent 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 |
|---|---|---|---|
| 2016 | +595.3% | 0.2% | 1.0% |
| 2023 | +546.8% | 0.9% | 6.0% |
| 2018 | -460.2% | 0.6% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.2% | -4.7% | -1.6% | 5 |
| 2000s | -6.0% | -11.9% | 3.7% | 10 |
| 2010s | -5.9% | -15.0% | 1.0% | 10 |
| 2020s | -1.2% | -15.6% | 7.8% | 5 |
Countries ranked near Aruba
- 23 Denmark 11.0% compare
- 24 Switzerland 8.9% compare
- 25 Peru 8.1% compare
- 27 South Sudan 7.8% compare
- 28 Zambia 7.4% compare
- 29 Azerbaijan 6.2% 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 external balance on goods and services as a percent of gdp in Aruba?
- External balance on goods and services as a percent of gdp in Aruba was 7.8% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Aruba?
- The highest recorded value was 7.8% in 2024.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Aruba?
- The lowest recorded value was -15.6% in 2020.
- How does Aruba rank for external balance on goods and services as a percent of gdp?
- Aruba ranks 26th out of 191 countries with data for 2024.
- Is external balance on goods and services as a percent of gdp rising or falling in Aruba?
- Over the last ten years it is up 239.7%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.