Industry (including construction), value added in Aruba
Aruba: Industry (including construction), value added was 10.8% in 2023. ▼ Falling
Industry (including construction), value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, industry (including construction), value added in Aruba stood at 10.8%.
Compared with earlier readings it is up 11.4% on the previous year and up 0.8% over ten years.
Over the whole period, industry (including construction), value added in Aruba peaked at 17.7% in 2006 and was at its lowest, 9.7%, in 2022.
Aruba ranks 184th of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Industry (including construction), value added in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 15.4% | — |
| 1996 | 15.0% | -2.7% |
| 1997 | 17.1% | +14.3% |
| 1998 | 17.5% | +2.2% |
| 1999 | 15.5% | -11.2% |
| 2000 | 13.2% | -15.3% |
| 2001 | 13.1% | -0.9% |
| 2002 | 13.2% | +1.4% |
| 2003 | 14.9% | +12.5% |
| 2004 | 15.6% | +4.7% |
| 2005 | 16.3% | +4.5% |
| 2006 | 17.7% | +8.3% |
| 2007 | 17.5% | -1.0% |
| 2008 | 16.2% | -7.4% |
| 2009 | 13.0% | -19.4% |
| 2010 | 11.5% | -11.5% |
| 2011 | 12.4% | +7.1% |
| 2012 | 10.1% | -18.5% |
| 2013 | 10.7% | +6.7% |
| 2014 | 10.8% | +0.5% |
| 2015 | 12.5% | +15.5% |
| 2016 | 12.7% | +2.0% |
| 2017 | 12.4% | -2.5% |
| 2018 | 11.4% | -8.4% |
| 2019 | 11.6% | +2.4% |
| 2020 | 12.5% | +7.7% |
| 2021 | 11.0% | -12.4% |
| 2022 | 9.7% | -11.4% |
| 2023 | 10.8% | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.1% | 15.0% | 17.5% | 5 |
| 2000s | 15.1% | 13.0% | 17.7% | 10 |
| 2010s | 11.6% | 10.1% | 12.7% | 10 |
| 2020s | 11.0% | 9.7% | 12.5% | 4 |
Countries ranked near Aruba
- 181 Kiribati 11.8% compare
- 182 Montenegro 11.3% compare
- 183 Cyprus 11.1% compare
- 185 Cape Verde 10.7% compare
- 186 Saint Lucia 10.7% compare
- 187 French Polynesia 10.6% compare
More economy & growth data for Aruba
- Gross domestic savings (current LCU), per capita 22,767 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.34 % change on previous year (2023)
- GNI, Atlas method (current US$), annual growth rate 11.75 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.31 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant LCU), per capita 45,824 constant LCU per person (2023)
- GDP (current US$), annual growth rate 11.24 % change on previous year (2024)
- GDP (current LCU), annual growth rate 11.24 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.59 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 26,644 constant 2015 US$ per person (2023)
Frequently asked questions
- What is industry (including construction), value added in Aruba?
- Industry (including construction), value added in Aruba was 10.8% 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 17.7% in 2006.
- What is the lowest industry (including construction), value added recorded in Aruba?
- The lowest recorded value was 9.7% in 2022.
- How does Aruba rank for industry (including construction), value added?
- Aruba ranks 184th out of 207 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Aruba?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.