Manufacturing, value added in Aruba
Aruba: Manufacturing, value added was 123.72 million constant 2015 US$ in 2023. ▲ Rising
Manufacturing, value added in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Aruba recorded 123.72 million constant 2015 US$ for manufacturing, value added in 2023.
Compared with earlier readings it is down 1.2% on the previous year and up 7.1% over ten years.
Over the whole period, manufacturing, value added in Aruba peaked at 126.24 million constant 2015 US$ in 2018 and was at its lowest, 106.23 million constant 2015 US$, in 2015.
That places Aruba 159th out of 186 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Manufacturing, value added in Aruba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2013 | 115.56 million constant 2015 US$ | — |
| 2014 | 106.23 million constant 2015 US$ | -8.1% |
| 2015 | 106.23 million constant 2015 US$ | -0.0% |
| 2016 | 112.04 million constant 2015 US$ | +5.5% |
| 2017 | 121.98 million constant 2015 US$ | +8.9% |
| 2018 | 126.24 million constant 2015 US$ | +3.5% |
| 2019 | 122.48 million constant 2015 US$ | -3.0% |
| 2020 | 107.35 million constant 2015 US$ | -12.4% |
| 2021 | 117.27 million constant 2015 US$ | +9.2% |
| 2022 | 125.26 million constant 2015 US$ | +6.8% |
| 2023 | 123.72 million constant 2015 US$ | -1.2% |
Aruba compared with similar countries
- Aruba's 123.72 million constant 2015 US$ is below the median for high income countries, which is 12.22 billion constant 2015 US$, 1% of the median. (67 countries reporting)
- Aruba's 123.72 million constant 2015 US$ is below the median for Latin America & Caribbean, which is 2.91 billion constant 2015 US$, 4% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 115.82 million constant 2015 US$ | 106.23 million constant 2015 US$ | 126.24 million constant 2015 US$ | 7 |
| 2020s | 118.40 million constant 2015 US$ | 107.35 million constant 2015 US$ | 125.26 million constant 2015 US$ | 4 |
Countries ranked near Aruba
- 156 Bhutan 150.61 million constant 2015 US$ compare
- 157 Isle of Man 143.19 million constant 2015 US$ compare
- 158 Solomon Islands 138.93 million constant 2015 US$ compare
- 160 Cape Verde 122.73 million constant 2015 US$ compare
- 161 Maldives 113.34 million constant 2015 US$ compare
- 162 Seychelles 105.62 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 manufacturing, value added in Aruba?
- Manufacturing, value added in Aruba was 123.72 million constant 2015 US$ in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Aruba?
- The highest recorded value was 126.24 million constant 2015 US$ in 2018.
- What is the lowest manufacturing, value added recorded in Aruba?
- The lowest recorded value was 106.23 million constant 2015 US$ in 2015.
- How does Aruba rank for manufacturing, value added?
- Aruba ranks 159th out of 186 countries with data for 2023.
- Is manufacturing, value added rising or falling in Aruba?
- Over the last ten years it is up 7.1%. 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 Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.