Services, value added (% of GDP) in Aruba
Aruba: Services, value added (% of GDP) was 76.3% in 2023. ▬ Flat
Services, value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, services, value added in Aruba stood at 76.3%.
The figure is down 3.5% on the previous year and down 4.9% over ten years.
Over the whole period, services, value added in Aruba peaked at 81.0% in 1995 and was at its lowest, 72.1%, in 2007.
That places Aruba 15th out of 206 countries with data for 2023, putting it in the top 10%.
Services, value added (% of GDP) in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 81.0% | — |
| 1996 | 81.0% | -0.1% |
| 1997 | 79.6% | -1.7% |
| 1998 | 79.5% | -0.2% |
| 1999 | 80.9% | +1.7% |
| 2000 | 79.1% | -2.2% |
| 2001 | 79.3% | +0.3% |
| 2002 | 79.4% | +0.1% |
| 2003 | 77.4% | -2.5% |
| 2004 | 76.5% | -1.2% |
| 2005 | 75.5% | -1.2% |
| 2006 | 73.7% | -2.4% |
| 2007 | 72.1% | -2.3% |
| 2008 | 73.2% | +1.5% |
| 2009 | 75.8% | +3.6% |
| 2010 | 78.5% | +3.7% |
| 2011 | 77.4% | -1.4% |
| 2012 | 79.5% | +2.7% |
| 2013 | 80.2% | +0.8% |
| 2014 | 80.2% | +0.1% |
| 2015 | 79.1% | -1.4% |
| 2016 | 78.7% | -0.5% |
| 2017 | 79.0% | +0.3% |
| 2018 | 79.7% | +0.9% |
| 2019 | 77.9% | -2.3% |
| 2020 | 77.2% | -0.9% |
| 2021 | 78.5% | +1.6% |
| 2022 | 79.0% | +0.7% |
| 2023 | 76.3% | -3.5% |
Aruba compared with similar countries
- Aruba's 76.3% is above the median for high income countries, which is 66.2%, 1.2× the median. (77 countries reporting)
- Aruba's 76.3% is above the median for Latin America & Caribbean, which is 59.8%, 1.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 80.4% | 79.5% | 81.0% | 5 |
| 2000s | 76.2% | 72.1% | 79.4% | 10 |
| 2010s | 79.0% | 77.4% | 80.2% | 10 |
| 2020s | 77.8% | 76.3% | 79.0% | 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 76.3% 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 81.0% in 1995.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was 72.1% in 2007.
- How does Aruba rank for services, value added?
- Aruba ranks 15th out of 206 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is down 4.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.