Gross value added at basic prices (GVA) in Aruba
Aruba: Gross value added at basic prices (GVA) was 2.86 billion constant 2015 US$ in 2023. ▬ Flat
Gross value added at basic prices (GVA) in Aruba, 2013–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2023, gross value added at basic prices (gva) in Aruba stood at 2.86 billion constant 2015 US$.
That represents a change of up 5.3% on the previous year and up 10.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Aruba peaked at 2.90 billion constant 2015 US$ in 2018 and was at its lowest, 2.21 billion constant 2015 US$, in 2020.
That places Aruba 166th out of 194 countries with data for 2023, putting it in the bottom quarter.
Gross value added at basic prices (GVA) in Aruba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2013 | 2.58 billion constant 2015 US$ | — |
| 2014 | 2.62 billion constant 2015 US$ | +1.3% |
| 2015 | 2.71 billion constant 2015 US$ | +3.7% |
| 2016 | 2.75 billion constant 2015 US$ | +1.2% |
| 2017 | 2.84 billion constant 2015 US$ | +3.4% |
| 2018 | 2.90 billion constant 2015 US$ | +2.2% |
| 2019 | 2.87 billion constant 2015 US$ | -1.1% |
| 2020 | 2.21 billion constant 2015 US$ | -22.9% |
| 2021 | 2.51 billion constant 2015 US$ | +13.6% |
| 2022 | 2.72 billion constant 2015 US$ | +8.0% |
| 2023 | 2.86 billion constant 2015 US$ | +5.3% |
Aruba compared with similar countries
- Aruba's 2.86 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 3% of the median. (69 countries reporting)
- Aruba's 2.86 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 12% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.75 billion constant 2015 US$ | 2.58 billion constant 2015 US$ | 2.90 billion constant 2015 US$ | 7 |
| 2020s | 2.58 billion constant 2015 US$ | 2.21 billion constant 2015 US$ | 2.86 billion constant 2015 US$ | 4 |
Countries ranked near Aruba
- 163 Burundi 3.54 billion constant 2015 US$ compare
- 164 Andorra 3.19 billion constant 2015 US$ compare
- 165 Bhutan 2.87 billion constant 2015 US$ compare
- 167 Greenland 2.82 billion constant 2015 US$ compare
- 168 Turks and Caicos Islands 2.34 billion constant 2015 US$ compare
- 169 Belize 2.34 billion constant 2015 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 gross value added at basic prices (gva) in Aruba?
- Gross value added at basic prices (gva) in Aruba was 2.86 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Aruba?
- The highest recorded value was 2.90 billion constant 2015 US$ in 2018.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 2.21 billion constant 2015 US$ in 2020.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 166th out of 194 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Aruba?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is flat.
- 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 Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.