Gross value added at basic prices (GVA) in Aruba
Aruba: Gross value added at basic prices (GVA) was 5.85 billion current LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Aruba, 1995–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Aruba recorded 5.85 billion current LCU for gross value added at basic prices (gva) in 2023. That is the highest value across all 29 years on record.
The figure is up 10.6% on the previous year and up 31.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Aruba peaked at 5.85 billion current LCU in 2023 and was at its lowest, 2.17 billion current LCU, in 1995.
Aruba ranks 186th of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross value added at basic prices (GVA) in Aruba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 2.17 billion current LCU | — |
| 1996 | 2.25 billion current LCU | +4.0% |
| 1997 | 2.52 billion current LCU | +11.9% |
| 1998 | 2.75 billion current LCU | +9.1% |
| 1999 | 2.85 billion current LCU | +3.4% |
| 2000 | 3.09 billion current LCU | +8.8% |
| 2001 | 3.14 billion current LCU | +1.3% |
| 2002 | 3.25 billion current LCU | +3.7% |
| 2003 | 3.38 billion current LCU | +3.8% |
| 2004 | 3.72 billion current LCU | +10.0% |
| 2005 | 3.88 billion current LCU | +4.4% |
| 2006 | 4.04 billion current LCU | +4.2% |
| 2007 | 4.29 billion current LCU | +6.2% |
| 2008 | 4.55 billion current LCU | +5.9% |
| 2009 | 4.06 billion current LCU | -10.7% |
| 2010 | 3.96 billion current LCU | -2.5% |
| 2011 | 4.24 billion current LCU | +7.2% |
| 2012 | 4.20 billion current LCU | -1.1% |
| 2013 | 4.44 billion current LCU | +5.8% |
| 2014 | 4.55 billion current LCU | +2.4% |
| 2015 | 4.86 billion current LCU | +6.8% |
| 2016 | 4.88 billion current LCU | +0.5% |
| 2017 | 5.06 billion current LCU | +3.6% |
| 2018 | 5.34 billion current LCU | +5.6% |
| 2019 | 5.37 billion current LCU | +0.5% |
| 2020 | 3.96 billion current LCU | -26.3% |
| 2021 | 4.63 billion current LCU | +17.0% |
| 2022 | 5.29 billion current LCU | +14.2% |
| 2023 | 5.85 billion current LCU | +10.6% |
Aruba compared with similar countries
- Aruba's 5.85 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 2% of the median. (77 countries reporting)
- Aruba's 5.85 billion current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU, 4% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -26.3% | 5.37 billion current LCU | 3.96 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.51 billion current LCU | 2.17 billion current LCU | 2.85 billion current LCU | 5 |
| 2000s | 3.74 billion current LCU | 3.09 billion current LCU | 4.55 billion current LCU | 10 |
| 2010s | 4.69 billion current LCU | 3.96 billion current LCU | 5.37 billion current LCU | 10 |
| 2020s | 4.93 billion current LCU | 3.96 billion current LCU | 5.85 billion current LCU | 4 |
Countries ranked near Aruba
- 183 Saint Lucia 6.18 billion current LCU compare
- 184 Cayman Islands 6.12 billion current LCU compare
- 185 Isle of Man 6.08 billion current LCU compare
- 187 Antigua and Barbuda 5.58 billion current LCU compare
- 188 Belize 5.44 billion current LCU compare
- 189 Curacao 5.40 billion current 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 5.85 billion current LCU 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 5.85 billion current LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 2.17 billion current LCU in 1995.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 186th out of 207 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 31.6%. 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 Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.