Industry (including construction), value added in Aruba
Aruba: Industry (including construction), value added was 406.05 million current US$ in 2023. ▲ Rising
Industry (including construction), value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, industry (including construction), value added in Aruba stood at 406.05 million current US$.
The figure is 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 468.04 million current US$ in 2007 and was at its lowest, 203.34 million current US$, in 1995.
That places Aruba 184th out of 209 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Industry (including construction), value added in Aruba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 203.34 million current US$ | — |
| 1996 | 206.81 million current US$ | +1.7% |
| 1997 | 262.46 million current US$ | +26.9% |
| 1998 | 291.62 million current US$ | +11.1% |
| 1999 | 267.88 million current US$ | -8.1% |
| 2000 | 246.84 million current US$ | -7.9% |
| 2001 | 247.56 million current US$ | +0.3% |
| 2002 | 259.78 million current US$ | +4.9% |
| 2003 | 304.41 million current US$ | +17.2% |
| 2004 | 351.68 million current US$ | +15.5% |
| 2005 | 384.62 million current US$ | +9.4% |
| 2006 | 436.06 million current US$ | +13.4% |
| 2007 | 468.04 million current US$ | +7.3% |
| 2008 | 460.07 million current US$ | -1.7% |
| 2009 | 333.09 million current US$ | -27.6% |
| 2010 | 283.29 million current US$ | -15.0% |
| 2011 | 326.21 million current US$ | +15.1% |
| 2012 | 263.51 million current US$ | -19.2% |
| 2013 | 293.24 million current US$ | +11.3% |
| 2014 | 301.40 million current US$ | +2.8% |
| 2015 | 369.44 million current US$ | +22.6% |
| 2016 | 379.33 million current US$ | +2.7% |
| 2017 | 383.30 million current US$ | +1.0% |
| 2018 | 372.12 million current US$ | -2.9% |
| 2019 | 389.18 million current US$ | +4.6% |
| 2020 | 308.26 million current US$ | -20.8% |
| 2021 | 317.17 million current US$ | +2.9% |
| 2022 | 323.64 million current US$ | +2.0% |
| 2023 | 406.05 million current US$ | +25.5% |
Aruba compared with similar countries
- Aruba's 406.05 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 2% of the median. (77 countries reporting)
- Aruba's 406.05 million current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 5% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 246.42 million current US$ | 203.34 million current US$ | 291.62 million current US$ | 5 |
| 2000s | 349.22 million current US$ | 246.84 million current US$ | 468.04 million current US$ | 10 |
| 2010s | 336.10 million current US$ | 263.51 million current US$ | 389.18 million current US$ | 10 |
| 2020s | 338.78 million current US$ | 308.26 million current US$ | 406.05 million current US$ | 4 |
Countries ranked near Aruba
- 181 Curacao 433.98 million current US$ compare
- 182 Antigua and Barbuda 424.89 million current US$ compare
- 183 Gambia 410.59 million current US$ compare
- 185 Eritrea 405.12 million current US$ compare
- 186 Guinea-Bissau 398.00 million current US$ compare
- 187 Solomon Islands 370.21 million current 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 406.05 million current 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 468.04 million current US$ in 2007.
- What is the lowest industry (including construction), value added recorded in Aruba?
- The lowest recorded value was 203.34 million current US$ in 1995.
- How does Aruba rank for industry (including construction), value added?
- Aruba ranks 184th 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.