Services, value added in Aruba
Aruba: Services, value added was 6.0% in 2023. ◆ Volatile
Services, value added in Aruba, 2014–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2023, services, value added in Aruba stood at 6.0%.
That represents a change of down 29.5% on the previous year and up 290.7% over ten years.
Over the whole period, services, value added in Aruba peaked at 15.1% in 2021 and was at its lowest, -23.8%, in 2020.
Aruba ranks 35th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Aruba, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2014 | 1.5% | — |
| 2015 | 3.0% | +94.0% |
| 2016 | 0.6% | -78.4% |
| 2017 | 2.8% | +342.2% |
| 2018 | 2.5% | -13.5% |
| 2019 | -1.2% | -147.1% |
| 2020 | -23.8% | +1952.5% |
| 2021 | 15.1% | -163.2% |
| 2022 | 8.5% | -43.4% |
| 2023 | 6.0% | -29.5% |
Aruba compared with similar countries
- Aruba's 6.0% is above the median for high income countries, which is 2.2%, 2.8× the median. (69 countries reporting)
- Aruba's 6.0% is above the median for Latin America & Caribbean, which is 3.2%, 1.9× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.6% | -1.2% | 3.0% | 6 |
| 2020s | 1.4% | -23.8% | 15.1% | 4 |
Countries ranked near Aruba
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 services, value added in Aruba?
- Services, value added in Aruba was 6.0% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Aruba?
- The highest recorded value was 15.1% in 2021.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was -23.8% in 2020.
- How does Aruba rank for services, value added?
- Aruba ranks 35th out of 198 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is up 290.7%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.