Real gdp growth in Aruba
Aruba: Real gdp growth was 8.85 in 2023. ◆ Volatile
Real gdp growth in Aruba, 1987–2023
Source: Our World in Data.
Analysis
Aruba recorded 8.85 for real gdp growth in 2023.
Compared with earlier readings it is down 16.8% on the previous year and up 25.2% over ten years.
Over the whole period, real gdp growth in Aruba peaked at 18.64 in 1988 and was at its lowest, -23.9, in 2020.
Aruba ranks 7th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Aruba, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 16.08 | — |
| 1988 | 18.64 | +15.9% |
| 1989 | 12.1 | -35.1% |
| 1990 | 3.98 | -67.1% |
| 1991 | 7.97 | +100.5% |
| 1992 | 5.88 | -26.3% |
| 1993 | 7.3 | +24.3% |
| 1994 | 8.21 | +12.4% |
| 1995 | 9.04 | +10.1% |
| 1996 | 1.62 | -82.1% |
| 1997 | 7.28 | +349.5% |
| 1998 | 1.29 | -82.3% |
| 1999 | 1.45 | +12.4% |
| 2000 | 8.61 | +495.7% |
| 2001 | -2.88 | -133.4% |
| 2002 | -0.93 | -67.7% |
| 2003 | 1.13 | -221.3% |
| 2004 | 7.22 | +539.8% |
| 2005 | -0.52 | -107.2% |
| 2006 | 1.13 | -317.1% |
| 2007 | 3.1 | +174.8% |
| 2008 | 1.8 | -41.9% |
| 2009 | -11.62 | -743.8% |
| 2010 | -3.31 | -71.5% |
| 2011 | 3.61 | -209.1% |
| 2012 | -1.16 | -132.0% |
| 2013 | 7.07 | -712.2% |
| 2014 | 1.43 | -79.8% |
| 2015 | 3.61 | +153.3% |
| 2016 | 1.23 | -65.8% |
| 2017 | 3.49 | +183.1% |
| 2018 | 3.21 | -8.0% |
| 2019 | 1.23 | -61.9% |
| 2020 | -23.9 | -2050.9% |
| 2021 | 14.73 | -161.6% |
| 2022 | 10.64 | -27.8% |
| 2023 | 8.85 | -16.8% |
Aruba compared with similar countries
- Aruba's 8.85 is above the median for high income countries, which is 2.4, 3.7× the median. (67 countries reporting)
- Aruba's 8.85 is above the median for Latin America & Caribbean, which is 3.37, 2.6× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2050.9% | 1.23 | -23.9 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.6 | 12.1 | 18.64 | 3 |
| 1990s | 5.4 | 1.29 | 9.04 | 10 |
| 2000s | 0.7047 | -11.62 | 8.61 | 10 |
| 2010s | 2.04 | -3.31 | 7.07 | 10 |
| 2020s | 2.58 | -23.9 | 14.73 | 4 |
Countries ranked near Aruba
- 4 Niger 11.86 compare
- 5 Kyrgyz Republic 11.54 compare
- 6 Ethiopia, The Federal Democratic Republic of 9.15 compare
- 8 Taiwan Province of China 8.68 compare
- 9 Congo, Democratic Republic of the 8.53 compare
- 10 Tajikistan, Republic of 8.25 compare
More economy & growth data for Aruba
- Real gdp growth, annual growth rate -16.76 % change on previous year (2023)
- Final consumption expenditure (current LCU), per capita 46,310 current LCU per person (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)
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9279 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), annual growth rate 9.8 % change on previous year (2024)
- Final consumption expenditure (current US$), per capita 25,871 current US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate -1.38 % change on previous year (2024)
Frequently asked questions
- What is real gdp growth in Aruba?
- Real gdp growth in Aruba was 8.85 in 2023, according to Our World in Data.
- What is the highest real gdp growth recorded in Aruba?
- The highest recorded value was 18.64 in 1988.
- What is the lowest real gdp growth recorded in Aruba?
- The lowest recorded value was -23.9 in 2020.
- How does Aruba rank for real gdp growth?
- Aruba ranks 7th out of 196 countries with data for 2023.
- Is real gdp growth rising or falling in Aruba?
- Over the last ten years it is up 25.2%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
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