External balance on goods and services in Aruba
Aruba: External balance on goods and services was 325.03 million current US$ in 2024. ◆ Volatile
External balance on goods and services in Aruba, 1995–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, external balance on goods and services in Aruba stood at 325.03 million current US$. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 44.6% on the previous year and up 308.6% over ten years.
Over the whole period, external balance on goods and services in Aruba peaked at 325.03 million current US$ in 2024 and was at its lowest, -393.98 million current US$, in 2011.
Aruba ranks 75th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Aruba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | -20.67 million current US$ | — |
| 1996 | -28.49 million current US$ | +37.8% |
| 1997 | -56.98 million current US$ | +100.0% |
| 1998 | -66.48 million current US$ | +16.7% |
| 1999 | -81.01 million current US$ | +21.8% |
| 2000 | 69.30 million current US$ | -185.6% |
| 2001 | 30.39 million current US$ | -56.1% |
| 2002 | -80.48 million current US$ | -364.8% |
| 2003 | -149.87 million current US$ | +86.2% |
| 2004 | -69.90 million current US$ | -53.4% |
| 2005 | -210.03 million current US$ | +200.5% |
| 2006 | -292.78 million current US$ | +39.4% |
| 2007 | -263.74 million current US$ | -9.9% |
| 2008 | -228.91 million current US$ | -13.2% |
| 2009 | -299.29 million current US$ | +30.7% |
| 2010 | -368.73 million current US$ | +23.2% |
| 2011 | -393.98 million current US$ | +6.8% |
| 2012 | -272.98 million current US$ | -30.7% |
| 2013 | -234.02 million current US$ | -14.3% |
| 2014 | -155.78 million current US$ | -33.4% |
| 2015 | 4.46 million current US$ | -102.9% |
| 2016 | 31.21 million current US$ | +600.2% |
| 2017 | 17.23 million current US$ | -44.8% |
| 2018 | -65.76 million current US$ | -481.6% |
| 2019 | -151.21 million current US$ | +129.9% |
| 2020 | -384.80 million current US$ | +154.5% |
| 2021 | -140.53 million current US$ | -63.5% |
| 2022 | 30.85 million current US$ | -122.0% |
| 2023 | 224.74 million current US$ | +628.4% |
| 2024 | 325.03 million current US$ | +44.6% |
Aruba compared with similar countries
- Aruba's 325.03 million current US$ is below the median for high income countries, which is 3.43 billion current US$, 9% of the median. (72 countries reporting)
- Aruba's 325.03 million current US$ is above the median for Latin America & Caribbean, which is -154.10 million current US$. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +628.4% | 30.85 million current US$ | 224.74 million current US$ |
| 2016 | +600.2% | 4.46 million current US$ | 31.21 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -50.73 million current US$ | -81.01 million current US$ | -20.67 million current US$ | 5 |
| 2000s | -149.53 million current US$ | -299.29 million current US$ | 69.30 million current US$ | 10 |
| 2010s | -158.96 million current US$ | -393.98 million current US$ | 31.21 million current US$ | 10 |
| 2020s | 11.06 million current US$ | -384.80 million current US$ | 325.03 million current US$ | 5 |
Countries ranked near Aruba
- 72 Papua New Guinea 520.16 million current US$ compare
- 73 Estonia 453.75 million current US$ compare
- 74 Turkmenistan 386.28 million current US$ compare
- 76 Faroe Islands 136.17 million current US$ compare
- 77 Belize 47.23 million current US$ compare
- 78 Eswatini 1.51 million 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 external balance on goods and services in Aruba?
- External balance on goods and services in Aruba was 325.03 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Aruba?
- The highest recorded value was 325.03 million current US$ in 2024.
- What is the lowest external balance on goods and services recorded in Aruba?
- The lowest recorded value was -393.98 million current US$ in 2011.
- How does Aruba rank for external balance on goods and services?
- Aruba ranks 75th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Aruba?
- Over the last ten years it is up 308.6%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.