Services, value added (current US$), annual growth rate in Aruba
Aruba: Services, value added (current US$), annual growth rate was 8.72 % change on previous year in 2023. ◆ Volatile
Services, value added (current US$), annual growth rate in Aruba, 1996–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Aruba recorded 8.72 % change on previous year for services, value added (current us$), annual growth rate in 2023.
The figure is down 45.3% on the previous year and up 69.3% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Aruba peaked at 19.27 % change on previous year in 2021 and was at its lowest, -27.12 % change on previous year, in 2020.
That places Aruba 100th out of 204 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Aruba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 4.41 % change on previous year | — |
| 1997 | 9.11 % change on previous year | +106.8% |
| 1998 | 8.55 % change on previous year | -6.2% |
| 1999 | 5.26 % change on previous year | -38.4% |
| 2000 | 6.36 % change on previous year | +20.9% |
| 2001 | 1.53 % change on previous year | -76.0% |
| 2002 | 3.52 % change on previous year | +130.6% |
| 2003 | 1.61 % change on previous year | -54.2% |
| 2004 | 8.95 % change on previous year | +455.1% |
| 2005 | 3.41 % change on previous year | -61.9% |
| 2006 | 2.17 % change on previous year | -36.5% |
| 2007 | 5.92 % change on previous year | +173.5% |
| 2008 | 7.8 % change on previous year | +31.6% |
| 2009 | -6.96 % change on previous year | -189.3% |
| 2010 | -0.4005 % change on previous year | -94.2% |
| 2011 | 5.98 % change on previous year | -1591.8% |
| 2012 | 1.85 % change on previous year | -69.0% |
| 2013 | 5.15 % change on previous year | +178.3% |
| 2014 | 2.37 % change on previous year | -54.0% |
| 2015 | 4.72 % change on previous year | +99.2% |
| 2016 | 0.1804 % change on previous year | -96.2% |
| 2017 | 3.98 % change on previous year | +2108.5% |
| 2018 | 6.94 % change on previous year | +74.1% |
| 2019 | -0.1332 % change on previous year | -101.9% |
| 2020 | -27.12 % change on previous year | +20259.5% |
| 2021 | 19.27 % change on previous year | -171.0% |
| 2022 | 15.94 % change on previous year | -17.3% |
| 2023 | 8.72 % change on previous year | -45.3% |
Aruba compared with similar countries
- Aruba's 8.72 % change on previous year is above the median for high income countries, which is 8.04 % change on previous year, 1.1× the median. (77 countries reporting)
- Aruba's 8.72 % change on previous year is above the median for Latin America & Caribbean, which is 5.66 % change on previous year, 1.5× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -20259.5% | -0.1332 % change on previous year | -27.12 % change on previous year |
| 2017 | +2108.5% | 0.1804 % change on previous year | 3.98 % change on previous year |
| 2011 | +1591.8% | -0.4005 % change on previous year | 5.98 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.83 % change on previous year | 4.41 % change on previous year | 9.11 % change on previous year | 4 |
| 2000s | 3.43 % change on previous year | -6.96 % change on previous year | 8.95 % change on previous year | 10 |
| 2010s | 3.06 % change on previous year | -0.4005 % change on previous year | 6.94 % change on previous year | 10 |
| 2020s | 4.2 % change on previous year | -27.12 % change on previous year | 19.27 % change on previous year | 4 |
Countries ranked near Aruba
- 97 Equatorial Guinea 8.85 % change on previous year compare
- 98 Luxembourg 8.8 % change on previous year compare
- 99 Azerbaijan 8.73 % change on previous year compare
- 101 Cambodia 8.69 % change on previous year compare
- 102 Rwanda 8.62 % change on previous year compare
- 103 Greece 8.62 % change on previous year compare
More economy & growth data for Aruba
- Total reserves minus gold (current US$), per capita 16,497 current US$ per person (2025)
- Gross capital formation (current US$), per capita 9,935 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2575 current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 20,512 includes gold, current US$ per person (2025)
- Gross capital formation (current US$), annual growth rate 55.81 % change on previous year (2024)
- Total reserves minus gold (current US$), annual growth rate 9.34 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.3938 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) -4.86 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 33,176 current US$ per person (2024)
- Exports of goods and services (current LCU), annual growth rate 19.75 % change on previous year (2024)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Aruba?
- Services, value added (current us$), annual growth rate in Aruba was 8.72 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Aruba?
- The highest recorded value was 19.27 % change on previous year in 2021.
- What is the lowest services, value added (current us$), annual growth rate recorded in Aruba?
- The lowest recorded value was -27.12 % change on previous year in 2020.
- How does Aruba rank for services, value added (current us$), annual growth rate?
- Aruba ranks 100th out of 204 countries with data for 2023.
- Is services, value added (current us$), annual growth rate rising or falling in Aruba?
- Over the last ten years it is up 69.3%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.