Services, value added in Aruba
Aruba: Services, value added was 2.86 billion current US$ in 2023. ▲ Rising
Services, value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Aruba is 2.86 billion current US$, measured in 2023. That is the highest value across all 29 years on record.
The figure is 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 2.86 billion current US$ in 2023 and was at its lowest, 1.07 billion current US$, in 1995.
Aruba ranks 170th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Services, value added in Aruba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 1.07 billion current US$ | — |
| 1996 | 1.12 billion current US$ | +4.4% |
| 1997 | 1.22 billion current US$ | +9.1% |
| 1998 | 1.32 billion current US$ | +8.5% |
| 1999 | 1.39 billion current US$ | +5.3% |
| 2000 | 1.48 billion current US$ | +6.4% |
| 2001 | 1.50 billion current US$ | +1.5% |
| 2002 | 1.56 billion current US$ | +3.5% |
| 2003 | 1.58 billion current US$ | +1.6% |
| 2004 | 1.72 billion current US$ | +9.0% |
| 2005 | 1.78 billion current US$ | +3.4% |
| 2006 | 1.82 billion current US$ | +2.2% |
| 2007 | 1.93 billion current US$ | +5.9% |
| 2008 | 2.08 billion current US$ | +7.8% |
| 2009 | 1.93 billion current US$ | -7.0% |
| 2010 | 1.93 billion current US$ | -0.4% |
| 2011 | 2.04 billion current US$ | +6.0% |
| 2012 | 2.08 billion current US$ | +1.9% |
| 2013 | 2.19 billion current US$ | +5.1% |
| 2014 | 2.24 billion current US$ | +2.4% |
| 2015 | 2.34 billion current US$ | +4.7% |
| 2016 | 2.35 billion current US$ | +0.2% |
| 2017 | 2.44 billion current US$ | +4.0% |
| 2018 | 2.61 billion current US$ | +6.9% |
| 2019 | 2.61 billion current US$ | -0.1% |
| 2020 | 1.90 billion current US$ | -27.1% |
| 2021 | 2.27 billion current US$ | +19.3% |
| 2022 | 2.63 billion current US$ | +15.9% |
| 2023 | 2.86 billion current US$ | +8.7% |
Aruba compared with similar countries
- Aruba's 2.86 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 4% of the median. (77 countries reporting)
- Aruba's 2.86 billion current US$ is below the median for Latin America & Caribbean, which is 15.17 billion current US$, 19% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -27.1% | 2.61 billion current US$ | 1.90 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.22 billion current US$ | 1.07 billion current US$ | 1.39 billion current US$ | 5 |
| 2000s | 1.74 billion current US$ | 1.48 billion current US$ | 2.08 billion current US$ | 10 |
| 2010s | 2.28 billion current US$ | 1.93 billion current US$ | 2.61 billion current US$ | 10 |
| 2020s | 2.41 billion current US$ | 1.90 billion current US$ | 2.86 billion current US$ | 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 2.86 billion current 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 2.86 billion current US$ in 2023.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was 1.07 billion current US$ in 1995.
- How does Aruba rank for services, value added?
- Aruba ranks 170th 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 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 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 indicator is expressed in United States dollars.