Services, value added in Aruba
Aruba: Services, value added was 5.12 billion current LCU in 2023. ▲ Rising
Services, value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Aruba is 5.12 billion current LCU, measured in 2023. That is the highest value across all 29 years on record.
That represents a change of up 8.7% on the previous year and up 30.7% over ten years.
Over the whole period, services, value added in Aruba peaked at 5.12 billion current LCU in 2023 and was at its lowest, 1.92 billion current LCU, in 1995.
That places Aruba 183rd out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Services, value added in Aruba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 1.92 billion current LCU | — |
| 1996 | 2.00 billion current LCU | +4.4% |
| 1997 | 2.18 billion current LCU | +9.1% |
| 1998 | 2.37 billion current LCU | +8.5% |
| 1999 | 2.49 billion current LCU | +5.3% |
| 2000 | 2.65 billion current LCU | +6.4% |
| 2001 | 2.69 billion current LCU | +1.5% |
| 2002 | 2.79 billion current LCU | +3.5% |
| 2003 | 2.83 billion current LCU | +1.6% |
| 2004 | 3.09 billion current LCU | +9.0% |
| 2005 | 3.19 billion current LCU | +3.4% |
| 2006 | 3.26 billion current LCU | +2.2% |
| 2007 | 3.45 billion current LCU | +5.9% |
| 2008 | 3.72 billion current LCU | +7.8% |
| 2009 | 3.46 billion current LCU | -7.0% |
| 2010 | 3.45 billion current LCU | -0.4% |
| 2011 | 3.66 billion current LCU | +6.0% |
| 2012 | 3.72 billion current LCU | +1.9% |
| 2013 | 3.92 billion current LCU | +5.1% |
| 2014 | 4.01 billion current LCU | +2.4% |
| 2015 | 4.20 billion current LCU | +4.7% |
| 2016 | 4.20 billion current LCU | +0.2% |
| 2017 | 4.37 billion current LCU | +4.0% |
| 2018 | 4.68 billion current LCU | +6.9% |
| 2019 | 4.67 billion current LCU | -0.1% |
| 2020 | 3.40 billion current LCU | -27.1% |
| 2021 | 4.06 billion current LCU | +19.3% |
| 2022 | 4.71 billion current LCU | +15.9% |
| 2023 | 5.12 billion current LCU | +8.7% |
Aruba compared with similar countries
- Aruba's 5.12 billion current LCU is below the median for high income countries, which is 204.15 billion current LCU, 3% of the median. (77 countries reporting)
- Aruba's 5.12 billion current LCU is below the median for Latin America & Caribbean, which is 74.52 billion current LCU, 7% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added 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 | -27.1% | 4.67 billion current LCU | 3.40 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.19 billion current LCU | 1.92 billion current LCU | 2.49 billion current LCU | 5 |
| 2000s | 3.11 billion current LCU | 2.65 billion current LCU | 3.72 billion current LCU | 10 |
| 2010s | 4.09 billion current LCU | 3.45 billion current LCU | 4.68 billion current LCU | 10 |
| 2020s | 4.32 billion current LCU | 3.40 billion current LCU | 5.12 billion current LCU | 4 |
Countries ranked near Aruba
- 180 Cayman Islands 5.60 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
- 182 Montenegro 5.18 billion current LCU compare
- 184 Kosovo 5.09 billion current LCU compare
- 184 Kosovo (UNSCR 1244) 5.09 billion current LCU compare
- 186 Curacao 4.61 billion current 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 services, value added in Aruba?
- Services, value added in Aruba was 5.12 billion current LCU 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 5.12 billion current LCU in 2023.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was 1.92 billion current LCU in 1995.
- How does Aruba rank for services, value added?
- Aruba ranks 183rd out of 206 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is up 30.7%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.