Gross value added at basic prices (GVA) (constant LCU), annual growth in Aruba
Aruba: Gross value added at basic prices (GVA) (constant LCU), annual growth was 5.34 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Aruba, 2014–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Aruba recorded 5.34 % change on previous year for gross value added at basic prices (gva) (constant lcu), annual growth in 2023.
Compared with earlier readings it is down 33.4% on the previous year and up 299.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Aruba peaked at 13.64 % change on previous year in 2021 and was at its lowest, -22.94 % change on previous year, in 2020.
That places Aruba 44th out of 195 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Aruba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2014 | 1.34 % change on previous year | — |
| 2015 | 3.75 % change on previous year | +180.0% |
| 2016 | 1.16 % change on previous year | -68.9% |
| 2017 | 3.39 % change on previous year | +191.1% |
| 2018 | 2.2 % change on previous year | -35.1% |
| 2019 | -1.06 % change on previous year | -148.3% |
| 2020 | -22.94 % change on previous year | +2060.9% |
| 2021 | 13.64 % change on previous year | -159.4% |
| 2022 | 8.02 % change on previous year | -41.2% |
| 2023 | 5.34 % change on previous year | -33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.8 % change on previous year | -1.06 % change on previous year | 3.75 % change on previous year | 6 |
| 2020s | 1.01 % change on previous year | -22.94 % change on previous year | 13.64 % change on previous year | 4 |
Countries ranked near Aruba
- 41 Cambodia 5.53 % change on previous year compare
- 42 Mali 5.39 % change on previous year compare
- 43 Antigua and Barbuda 5.36 % change on previous year compare
- 45 Burkina Faso 5.29 % change on previous year compare
- 46 Chad 5.28 % change on previous year compare
- 47 Indonesia 5.16 % change on previous year compare
More economy & growth data for Aruba
- GNI (current US$), per capita 36,495 current US$ per person (2024)
- Taxes less subsidies on products (current US$), annual growth rate 28.94 % change on previous year (2023)
- Net primary income (Net income from abroad) (current LCU), annual 28.29 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 28.29 % change on previous year (2024)
- GNI (current LCU), per capita 65,326 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 1.69 current LCU per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 14.87 % change on previous year (2024)
- GNI, Atlas method (current US$), per capita 35,201 current US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 11.75 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9122 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Aruba?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Aruba was 5.34 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Aruba?
- The highest recorded value was 13.64 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Aruba?
- The lowest recorded value was -22.94 % change on previous year in 2020.
- How does Aruba rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Aruba ranks 44th out of 195 countries with data for 2023.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Aruba?
- Over the last ten years it is up 299.1%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.