Final consumption expenditure in Aruba
Aruba: Final consumption expenditure was 67.0% in 2024. ▲ Rising
Final consumption expenditure in Aruba, 1995–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Aruba recorded 67.0% for final consumption expenditure in 2024. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 11.3% on the previous year and down 18.7% over ten years.
Over the whole period, final consumption expenditure in Aruba peaked at 91.7% in 2020 and was at its lowest, 67.0%, in 2024.
That places Aruba 152nd out of 187 countries with data for 2024, putting it 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 | % of GDP | Change |
|---|---|---|
| 1995 | 70.4% | — |
| 1996 | 73.6% | +4.5% |
| 1997 | 73.5% | -0.2% |
| 1998 | 72.3% | -1.6% |
| 1999 | 73.8% | +2.1% |
| 2000 | 70.8% | -4.1% |
| 2001 | 74.4% | +5.1% |
| 2002 | 77.5% | +4.1% |
| 2003 | 78.5% | +1.3% |
| 2004 | 74.6% | -4.8% |
| 2005 | 75.7% | +1.5% |
| 2006 | 77.3% | +2.1% |
| 2007 | 78.1% | +1.0% |
| 2008 | 75.9% | -2.8% |
| 2009 | 82.1% | +8.1% |
| 2010 | 86.7% | +5.7% |
| 2011 | 87.5% | +0.9% |
| 2012 | 86.9% | -0.7% |
| 2013 | 84.8% | -2.5% |
| 2014 | 82.5% | -2.7% |
| 2015 | 78.3% | -5.0% |
| 2016 | 78.4% | +0.1% |
| 2017 | 78.9% | +0.7% |
| 2018 | 79.6% | +0.9% |
| 2019 | 81.9% | +2.9% |
| 2020 | 91.7% | +12.0% |
| 2021 | 84.6% | -7.7% |
| 2022 | 79.4% | -6.1% |
| 2023 | 75.6% | -4.8% |
| 2024 | 67.0% | -11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.7% | 70.4% | 73.8% | 5 |
| 2000s | 76.5% | 70.8% | 82.1% | 10 |
| 2010s | 82.5% | 78.3% | 87.5% | 10 |
| 2020s | 79.7% | 67.0% | 91.7% | 5 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Gross domestic savings (current LCU), per capita 22,767 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.34 % change on previous year (2023)
- GNI, Atlas method (current US$), annual growth rate 11.75 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.31 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant LCU), per capita 45,824 constant LCU per person (2023)
- GDP (current US$), annual growth rate 11.24 % change on previous year (2024)
- GDP (current LCU), annual growth rate 11.24 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.59 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 26,644 constant 2015 US$ per person (2023)
Frequently asked questions
- What is final consumption expenditure in Aruba?
- Final consumption expenditure in Aruba was 67.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Aruba?
- The highest recorded value was 91.7% in 2020.
- What is the lowest final consumption expenditure recorded in Aruba?
- The lowest recorded value was 67.0% in 2024.
- How does Aruba rank for final consumption expenditure?
- Aruba ranks 152nd out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Aruba?
- Over the last ten years it is down 18.7%. 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 Organizations and/or Central Banks, published as part of Final consumption expenditure (% of GDP). 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 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.