Manufacturing, value added in Aruba
Aruba: Manufacturing, value added was 2.4% in 2023. ▼ Falling
Manufacturing, value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for manufacturing, value added in Aruba is 2.4%, measured in 2023.
The figure is down 10.4% on the previous year and down 27.8% over ten years.
Over the whole period, manufacturing, value added in Aruba peaked at 6.7% in 2008 and was at its lowest, 2.0%, in 2012.
Aruba ranks 183rd of 203 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Manufacturing, value added in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 2.5% | — |
| 1996 | 2.5% | -0.3% |
| 1997 | 2.5% | -1.3% |
| 1998 | 2.8% | +12.8% |
| 1999 | 3.6% | +28.8% |
| 2000 | 4.1% | +13.9% |
| 2001 | 4.3% | +4.3% |
| 2002 | 4.4% | +3.5% |
| 2003 | 4.8% | +7.9% |
| 2004 | 5.6% | +17.7% |
| 2005 | 6.2% | +10.1% |
| 2006 | 6.6% | +6.1% |
| 2007 | 6.7% | +1.5% |
| 2008 | 6.7% | +0.1% |
| 2009 | 4.2% | -36.9% |
| 2010 | 2.9% | -32.0% |
| 2011 | 4.2% | +47.0% |
| 2012 | 2.0% | -52.6% |
| 2013 | 3.3% | +63.8% |
| 2014 | 3.4% | +5.4% |
| 2015 | 3.6% | +4.2% |
| 2016 | 3.7% | +2.9% |
| 2017 | 3.7% | +1.2% |
| 2018 | 3.2% | -13.6% |
| 2019 | 2.9% | -9.3% |
| 2020 | 2.6% | -11.8% |
| 2021 | 2.3% | -12.0% |
| 2022 | 2.6% | +15.7% |
| 2023 | 2.4% | -10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.5% | 3.6% | 5 |
| 2000s | 5.3% | 4.1% | 6.7% | 10 |
| 2010s | 3.3% | 2.0% | 4.2% | 10 |
| 2020s | 2.5% | 2.3% | 2.6% | 4 |
Countries ranked near Aruba
- 180 Libya 2.8% compare
- 181 Greenland 2.7% compare
- 182 Antigua and Barbuda 2.4% compare
- 184 Liberia 2.3% compare
- 185 Isle of Man 2.0% compare
- 186 Timor-Leste 1.9% compare
More economy & growth data for Aruba
- GNI (current US$), annual growth rate 14.87 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 28.29 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 28.29 % change on previous year (2024)
- GNI (current LCU), per capita 65,326 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 1.69 current LCU per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 14.87 % change on previous year (2024)
- GNI (current US$), per capita 36,495 current US$ per person (2024)
- GNI (current US$), per unit of GDP 0.9457 current US$ per US$ of GDP (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.59 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 22,767 current LCU per person (2024)
Frequently asked questions
- What is manufacturing, value added in Aruba?
- Manufacturing, value added in Aruba was 2.4% 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 6.7% in 2008.
- What is the lowest manufacturing, value added recorded in Aruba?
- The lowest recorded value was 2.0% in 2012.
- How does Aruba rank for manufacturing, value added?
- Aruba ranks 183rd out of 203 countries with data for 2023.
- Is manufacturing, value added rising or falling in Aruba?
- Over the last ten years it is down 27.8%. 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 Manufacturing, value added (% of GDP). 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 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.