External balance on goods and services in Aruba
Aruba: External balance on goods and services was 7.8% 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 % of GDP.
Analysis
Aruba recorded 7.8% for external balance on goods and services in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 30.0% on the previous year and up 239.7% over ten years.
Over the whole period, external balance on goods and services in Aruba peaked at 7.8% in 2024 and was at its lowest, -15.6%, in 2020.
That places Aruba 26th out of 193 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 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% |
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
- Agriculture, forestry, and fishing, value added (current LCU), annual 30.27 % change on previous year (2023)
- Imports of goods and services (current US$), annual growth rate 17.73 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.7817 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 30,166 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 17.73 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.4 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 53,998 current LCU per person (2024)
- External balance on goods and services (current US$), annual growth 44.62 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 44.62 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0005 constant LCU per US$ of GDP (2023)
Frequently asked questions
- What is external balance on goods and services in Aruba?
- External balance on goods and services in Aruba was 7.8% 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 7.8% in 2024.
- What is the lowest external balance on goods and services recorded in Aruba?
- The lowest recorded value was -15.6% in 2020.
- How does Aruba rank for external balance on goods and services?
- Aruba ranks 26th 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 239.7%. 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 (% 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 (World Bank Open Data).
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 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.