Final consumption expenditure in Aruba
Aruba: Final consumption expenditure was 2.79 billion current US$ in 2024. ▲ Rising
Final consumption expenditure in Aruba, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, final consumption expenditure in Aruba stood at 2.79 billion current US$.
The figure is down 1.4% on the previous year and up 21.4% over ten years.
Over the whole period, final consumption expenditure in Aruba peaked at 2.83 billion current US$ in 2023 and was at its lowest, 930.17 million current US$, in 1995.
Aruba ranks 164th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Final consumption expenditure in Aruba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 930.17 million current US$ | — |
| 1996 | 1.02 billion current US$ | +9.2% |
| 1997 | 1.13 billion current US$ | +10.8% |
| 1998 | 1.20 billion current US$ | +7.0% |
| 1999 | 1.27 billion current US$ | +5.6% |
| 2000 | 1.33 billion current US$ | +4.3% |
| 2001 | 1.41 billion current US$ | +6.4% |
| 2002 | 1.52 billion current US$ | +7.7% |
| 2003 | 1.60 billion current US$ | +5.5% |
| 2004 | 1.68 billion current US$ | +5.0% |
| 2005 | 1.79 billion current US$ | +6.2% |
| 2006 | 1.91 billion current US$ | +6.9% |
| 2007 | 2.09 billion current US$ | +9.5% |
| 2008 | 2.16 billion current US$ | +3.2% |
| 2009 | 2.10 billion current US$ | -2.9% |
| 2010 | 2.13 billion current US$ | +1.5% |
| 2011 | 2.31 billion current US$ | +8.5% |
| 2012 | 2.27 billion current US$ | -1.5% |
| 2013 | 2.31 billion current US$ | +1.7% |
| 2014 | 2.30 billion current US$ | -0.4% |
| 2015 | 2.32 billion current US$ | +0.8% |
| 2016 | 2.34 billion current US$ | +0.8% |
| 2017 | 2.44 billion current US$ | +4.3% |
| 2018 | 2.61 billion current US$ | +6.9% |
| 2019 | 2.74 billion current US$ | +5.1% |
| 2020 | 2.26 billion current US$ | -17.7% |
| 2021 | 2.44 billion current US$ | +8.3% |
| 2022 | 2.64 billion current US$ | +8.1% |
| 2023 | 2.83 billion current US$ | +7.2% |
| 2024 | 2.79 billion current US$ | -1.4% |
Aruba compared with similar countries
- Aruba's 2.79 billion current US$ is below the median for high income countries, which is 123.73 billion current US$, 2% of the median. (67 countries reporting)
- Aruba's 2.79 billion current US$ is below the median for Latin America & Caribbean, which is 60.45 billion current US$, 5% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 billion current US$ | 930.17 million current US$ | 1.27 billion current US$ | 5 |
| 2000s | 1.76 billion current US$ | 1.33 billion current US$ | 2.16 billion current US$ | 10 |
| 2010s | 2.38 billion current US$ | 2.13 billion current US$ | 2.74 billion current US$ | 10 |
| 2020s | 2.59 billion current US$ | 2.26 billion current US$ | 2.83 billion current US$ | 5 |
Countries ranked near Aruba
- 161 Lesotho 3.43 billion current US$ compare
- 162 Central African Republic 3.22 billion current US$ compare
- 163 Cape Verde 2.87 billion current US$ compare
- 165 Faroe Islands 2.78 billion current US$ compare
- 166 East Timor 2.69 billion current US$ compare
- 167 Curacao 2.67 billion 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 final consumption expenditure in Aruba?
- Final consumption expenditure in Aruba was 2.79 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Aruba?
- The highest recorded value was 2.83 billion current US$ in 2023.
- What is the lowest final consumption expenditure recorded in Aruba?
- The lowest recorded value was 930.17 million current US$ in 1995.
- How does Aruba rank for final consumption expenditure?
- Aruba ranks 164th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Aruba?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.