Industry (including construction), value added in Aruba
Aruba: Industry (including construction), value added was 379.98 million constant 2015 US$ in 2023. ▲ Rising
Industry (including construction), value added in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added in Aruba is 379.98 million constant 2015 US$, measured in 2023.
Compared with earlier readings it is up 0.6% on the previous year and up 12.5% over ten years.
Over the whole period, industry (including construction), value added in Aruba peaked at 416.90 million constant 2015 US$ in 2018 and was at its lowest, 337.19 million constant 2015 US$, in 2014.
Aruba ranks 174th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Industry (including construction), value added in Aruba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2013 | 337.68 million constant 2015 US$ | — |
| 2014 | 337.19 million constant 2015 US$ | -0.1% |
| 2015 | 369.44 million constant 2015 US$ | +9.6% |
| 2016 | 387.14 million constant 2015 US$ | +4.8% |
| 2017 | 414.52 million constant 2015 US$ | +7.1% |
| 2018 | 416.90 million constant 2015 US$ | +0.6% |
| 2019 | 415.30 million constant 2015 US$ | -0.4% |
| 2020 | 344.42 million constant 2015 US$ | -17.1% |
| 2021 | 361.04 million constant 2015 US$ | +4.8% |
| 2022 | 377.62 million constant 2015 US$ | +4.6% |
| 2023 | 379.98 million constant 2015 US$ | +0.6% |
Aruba compared with similar countries
- Aruba's 379.98 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 1% of the median. (69 countries reporting)
- Aruba's 379.98 million constant 2015 US$ is below the median for Latin America & Caribbean, which is 6.95 billion constant 2015 US$, 5% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 382.60 million constant 2015 US$ | 337.19 million constant 2015 US$ | 416.90 million constant 2015 US$ | 7 |
| 2020s | 365.76 million constant 2015 US$ | 344.42 million constant 2015 US$ | 379.98 million constant 2015 US$ | 4 |
Countries ranked near Aruba
- 171 Andorra 448.53 million constant 2015 US$ compare
- 172 Bermuda 397.09 million constant 2015 US$ compare
- 173 Belize 390.02 million constant 2015 US$ compare
- 175 Antigua and Barbuda 375.86 million constant 2015 US$ compare
- 176 Solomon Islands 302.30 million constant 2015 US$ compare
- 177 Turks and Caicos Islands 294.66 million 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 industry (including construction), value added in Aruba?
- Industry (including construction), value added in Aruba was 379.98 million constant 2015 US$ in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Aruba?
- The highest recorded value was 416.90 million constant 2015 US$ in 2018.
- What is the lowest industry (including construction), value added recorded in Aruba?
- The lowest recorded value was 337.19 million constant 2015 US$ in 2014.
- How does Aruba rank for industry (including construction), value added?
- Aruba ranks 174th out of 196 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Aruba?
- Over the last ten years it is up 12.5%. 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 Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.