Manufacturing, value added (constant LCU) in Aruba
Aruba: Manufacturing, value added (constant LCU) was 170.56 million constant LCU in 2023. ▲ Rising
Manufacturing, value added in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Aruba recorded 170.56 million constant LCU for manufacturing, value added in 2023.
That represents a change of 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 174.03 million constant LCU in 2018 and was at its lowest, 146.45 million constant LCU, in 2015.
Aruba ranks 171st of 192 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Manufacturing, value added (constant LCU) in Aruba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2013 | 159.31 million constant LCU | — |
| 2014 | 146.45 million constant LCU | -8.1% |
| 2015 | 146.45 million constant LCU | -0.0% |
| 2016 | 154.46 million constant LCU | +5.5% |
| 2017 | 168.16 million constant LCU | +8.9% |
| 2018 | 174.03 million constant LCU | +3.5% |
| 2019 | 168.86 million constant LCU | -3.0% |
| 2020 | 147.99 million constant LCU | -12.4% |
| 2021 | 161.66 million constant LCU | +9.2% |
| 2022 | 172.68 million constant LCU | +6.8% |
| 2023 | 170.56 million constant LCU | -1.2% |
Aruba compared with similar countries
- Aruba's 170.56 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 1% of the median. (67 countries reporting)
- Aruba's 170.56 million constant LCU is below the median for Latin America & Caribbean, which is 15.63 billion constant LCU, 1% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 159.67 million constant LCU | 146.45 million constant LCU | 174.03 million constant LCU | 7 |
| 2020s | 163.22 million constant LCU | 147.99 million constant LCU | 172.68 million constant LCU | 4 |
Countries ranked near Aruba
- 168 Belize 355.75 million constant LCU compare
- 169 Saint Lucia 181.80 million constant LCU compare
- 170 Montenegro 178.06 million constant LCU compare
- 172 Antigua and Barbuda 111.72 million constant LCU compare
- 173 Saint Vincent and the Grenadines 104.15 million constant LCU compare
- 174 Samoa 95.47 million constant 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 manufacturing, value added in Aruba?
- Manufacturing, value added in Aruba was 170.56 million constant LCU 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 174.03 million constant LCU in 2018.
- What is the lowest manufacturing, value added recorded in Aruba?
- The lowest recorded value was 146.45 million constant LCU in 2015.
- How does Aruba rank for manufacturing, value added?
- Aruba ranks 171st out of 192 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 LCU). 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 varies by country. This series is expressed in local currency units.