Gross value added at basic prices (GVA) (constant LCU) in Aruba
Aruba: Gross value added at basic prices (GVA) (constant LCU) was 4.92 billion constant LCU in 2023. ▬ Flat
Gross value added at basic prices (GVA) in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Aruba stood at 4.92 billion constant LCU.
Compared with earlier readings it is 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 4.99 billion constant LCU in 2018 and was at its lowest, 3.80 billion constant LCU, in 2020.
Aruba ranks 177th of 198 countries on this measure, in the bottom quarter.
Gross value added at basic prices (GVA) (constant LCU) in Aruba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2013 | 4.44 billion constant LCU | — |
| 2014 | 4.50 billion constant LCU | +1.3% |
| 2015 | 4.67 billion constant LCU | +3.7% |
| 2016 | 4.72 billion constant LCU | +1.2% |
| 2017 | 4.88 billion constant LCU | +3.4% |
| 2018 | 4.99 billion constant LCU | +2.2% |
| 2019 | 4.94 billion constant LCU | -1.1% |
| 2020 | 3.80 billion constant LCU | -22.9% |
| 2021 | 4.32 billion constant LCU | +13.6% |
| 2022 | 4.67 billion constant LCU | +8.0% |
| 2023 | 4.92 billion constant LCU | +5.3% |
Aruba compared with similar countries
- Aruba's 4.92 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 2% of the median. (70 countries reporting)
- Aruba's 4.92 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 4% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.73 billion constant LCU | 4.44 billion constant LCU | 4.99 billion constant LCU | 7 |
| 2020s | 4.43 billion constant LCU | 3.80 billion constant LCU | 4.92 billion constant LCU | 4 |
Countries ranked near Aruba
- 174 Monaco 5.73 billion constant LCU
- 175 Saint Lucia 5.26 billion constant LCU compare
- 176 Cayman Islands 4.96 billion constant LCU compare
- 178 Belize 4.71 billion constant LCU compare
- 179 Isle of Man 4.62 billion constant LCU compare
- 180 Antigua and Barbuda 4.37 billion constant LCU 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 4.92 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Aruba?
- The highest recorded value was 4.99 billion constant LCU in 2018.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 3.80 billion constant LCU in 2020.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 177th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.