Industry (including construction), value added in Aruba
Aruba: Industry (including construction), value added was 726.83 million current LCU in 2023. ▲ Rising
Industry (including construction), value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2023, industry (including construction), value added in Aruba stood at 726.83 million current LCU.
That represents a change of up 25.5% on the previous year and up 38.5% over ten years.
Over the whole period, industry (including construction), value added in Aruba peaked at 837.79 million current LCU in 2007 and was at its lowest, 363.97 million current LCU, in 1995.
Aruba ranks 188th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Industry (including construction), value added in Aruba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 363.97 million current LCU | — |
| 1996 | 370.19 million current LCU | +1.7% |
| 1997 | 469.81 million current LCU | +26.9% |
| 1998 | 522.00 million current LCU | +11.1% |
| 1999 | 479.51 million current LCU | -8.1% |
| 2000 | 441.85 million current LCU | -7.9% |
| 2001 | 443.14 million current LCU | +0.3% |
| 2002 | 465.01 million current LCU | +4.9% |
| 2003 | 544.90 million current LCU | +17.2% |
| 2004 | 629.50 million current LCU | +15.5% |
| 2005 | 688.48 million current LCU | +9.4% |
| 2006 | 780.55 million current LCU | +13.4% |
| 2007 | 837.79 million current LCU | +7.3% |
| 2008 | 823.52 million current LCU | -1.7% |
| 2009 | 596.24 million current LCU | -27.6% |
| 2010 | 507.10 million current LCU | -15.0% |
| 2011 | 583.91 million current LCU | +15.1% |
| 2012 | 471.68 million current LCU | -19.2% |
| 2013 | 524.89 million current LCU | +11.3% |
| 2014 | 539.50 million current LCU | +2.8% |
| 2015 | 661.30 million current LCU | +22.6% |
| 2016 | 679.01 million current LCU | +2.7% |
| 2017 | 686.11 million current LCU | +1.0% |
| 2018 | 666.09 million current LCU | -2.9% |
| 2019 | 696.64 million current LCU | +4.6% |
| 2020 | 551.78 million current LCU | -20.8% |
| 2021 | 567.74 million current LCU | +2.9% |
| 2022 | 579.33 million current LCU | +2.0% |
| 2023 | 726.83 million current LCU | +25.5% |
Aruba compared with similar countries
- Aruba's 726.83 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 1% of the median. (77 countries reporting)
- Aruba's 726.83 million current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 1% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 441.10 million current LCU | 363.97 million current LCU | 522.00 million current LCU | 5 |
| 2000s | 625.10 million current LCU | 441.85 million current LCU | 837.79 million current LCU | 10 |
| 2010s | 601.62 million current LCU | 471.68 million current LCU | 696.64 million current LCU | 10 |
| 2020s | 606.42 million current LCU | 551.78 million current LCU | 726.83 million current LCU | 4 |
Countries ranked near Aruba
- 185 Channel Islands 827.20 million current LCU compare
- 186 Curacao 776.82 million current LCU compare
- 187 Saint Lucia 766.60 million current LCU compare
- 189 San Marino 670.56 million current LCU compare
- 190 Saint Kitts and Nevis 666.18 million current LCU compare
- 191 Grenada 593.80 million 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 industry (including construction), value added in Aruba?
- Industry (including construction), value added in Aruba was 726.83 million current LCU 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 837.79 million current LCU in 2007.
- What is the lowest industry (including construction), value added recorded in Aruba?
- The lowest recorded value was 363.97 million current LCU in 1995.
- How does Aruba rank for industry (including construction), value added?
- Aruba ranks 188th out of 209 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Aruba?
- Over the last ten years it is up 38.5%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.