Gross value added at basic prices (GVA) in Aruba
Aruba: Gross value added at basic prices (GVA) was 3.27 billion current US$ in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Aruba recorded 3.27 billion current US$ for gross value added at basic prices (gva) in 2023. That is the highest value across all 29 years on record.
Compared with earlier readings it 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 3.27 billion current US$ in 2023 and was at its lowest, 1.21 billion current US$, in 1995.
That places Aruba 172nd out of 207 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross value added at basic prices (GVA) in Aruba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 1.21 billion current US$ | — |
| 1996 | 1.26 billion current US$ | +4.0% |
| 1997 | 1.41 billion current US$ | +11.9% |
| 1998 | 1.54 billion current US$ | +9.1% |
| 1999 | 1.59 billion current US$ | +3.4% |
| 2000 | 1.73 billion current US$ | +8.8% |
| 2001 | 1.75 billion current US$ | +1.3% |
| 2002 | 1.82 billion current US$ | +3.7% |
| 2003 | 1.89 billion current US$ | +3.8% |
| 2004 | 2.08 billion current US$ | +10.0% |
| 2005 | 2.17 billion current US$ | +4.4% |
| 2006 | 2.26 billion current US$ | +4.2% |
| 2007 | 2.40 billion current US$ | +6.2% |
| 2008 | 2.54 billion current US$ | +5.9% |
| 2009 | 2.27 billion current US$ | -10.7% |
| 2010 | 2.21 billion current US$ | -2.5% |
| 2011 | 2.37 billion current US$ | +7.2% |
| 2012 | 2.34 billion current US$ | -1.1% |
| 2013 | 2.48 billion current US$ | +5.8% |
| 2014 | 2.54 billion current US$ | +2.4% |
| 2015 | 2.71 billion current US$ | +6.8% |
| 2016 | 2.73 billion current US$ | +0.5% |
| 2017 | 2.83 billion current US$ | +3.6% |
| 2018 | 2.98 billion current US$ | +5.6% |
| 2019 | 3.00 billion current US$ | +0.5% |
| 2020 | 2.21 billion current US$ | -26.3% |
| 2021 | 2.59 billion current US$ | +17.0% |
| 2022 | 2.95 billion current US$ | +14.2% |
| 2023 | 3.27 billion current US$ | +10.6% |
Aruba compared with similar countries
- Aruba's 3.27 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 3% of the median. (77 countries reporting)
- Aruba's 3.27 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 12% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -26.3% | 3.00 billion current US$ | 2.21 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.40 billion current US$ | 1.21 billion current US$ | 1.59 billion current US$ | 5 |
| 2000s | 2.09 billion current US$ | 1.73 billion current US$ | 2.54 billion current US$ | 10 |
| 2010s | 2.62 billion current US$ | 2.21 billion current US$ | 3.00 billion current US$ | 10 |
| 2020s | 2.75 billion current US$ | 2.21 billion current US$ | 3.27 billion current US$ | 4 |
Countries ranked near Aruba
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 3.27 billion current US$ 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 3.27 billion current US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 1.21 billion current US$ in 1995.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 172nd 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.