Services, value added in Aruba
Aruba: Services, value added was 2.48 billion constant 2015 US$ in 2023. ▬ Flat
Services, value added in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Aruba is 2.48 billion constant 2015 US$, measured in 2023.
That represents a change of up 6.0% on the previous year and up 10.5% over ten years.
Over the whole period, services, value added in Aruba peaked at 2.49 billion constant 2015 US$ in 2018 and was at its lowest, 1.87 billion constant 2015 US$, in 2020.
Aruba ranks 165th of 196 countries on this measure, in the bottom quarter.
Services, value added in Aruba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2013 | 2.24 billion constant 2015 US$ | — |
| 2014 | 2.28 billion constant 2015 US$ | +1.5% |
| 2015 | 2.34 billion constant 2015 US$ | +3.0% |
| 2016 | 2.36 billion constant 2015 US$ | +0.6% |
| 2017 | 2.43 billion constant 2015 US$ | +2.8% |
| 2018 | 2.49 billion constant 2015 US$ | +2.5% |
| 2019 | 2.46 billion constant 2015 US$ | -1.2% |
| 2020 | 1.87 billion constant 2015 US$ | -23.8% |
| 2021 | 2.15 billion constant 2015 US$ | +15.1% |
| 2022 | 2.34 billion constant 2015 US$ | +8.5% |
| 2023 | 2.48 billion constant 2015 US$ | +6.0% |
Aruba compared with similar countries
- Aruba's 2.48 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 4% of the median. (69 countries reporting)
- Aruba's 2.48 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 12.34 billion constant 2015 US$, 20% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.37 billion constant 2015 US$ | 2.24 billion constant 2015 US$ | 2.49 billion constant 2015 US$ | 7 |
| 2020s | 2.21 billion constant 2015 US$ | 1.87 billion constant 2015 US$ | 2.48 billion constant 2015 US$ | 4 |
Countries ranked near Aruba
- 162 Suriname 2.84 billion constant 2015 US$ compare
- 163 Andorra 2.73 billion constant 2015 US$ compare
- 164 Eswatini 2.63 billion constant 2015 US$ compare
- 166 Burundi 1.93 billion constant 2015 US$ compare
- 167 Turks and Caicos Islands 1.91 billion constant 2015 US$ compare
- 168 Bhutan 1.90 billion 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 services, value added in Aruba?
- Services, value added in Aruba was 2.48 billion constant 2015 US$ 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 2.49 billion constant 2015 US$ in 2018.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was 1.87 billion constant 2015 US$ in 2020.
- How does Aruba rank for services, value added?
- Aruba ranks 165th out of 196 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is flat.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 defense, 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 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.