Trade in services in Aruba
Aruba: Trade in services was 111.3% in 2023. ▲ Rising
Trade in services in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Aruba is 111.3%, measured in 2023.
Compared with earlier readings it is down 0.1% on the previous year and up 9.2% over ten years.
Over the whole period, trade in services in Aruba peaked at 185.6% in 1996 and was at its lowest, 64.9%, in 1989.
Aruba ranks 7th of 199 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 38 years of available data.
Trade in services in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 65.9% | — |
| 1987 | 66.2% | +0.4% |
| 1988 | 69.0% | +4.2% |
| 1989 | 64.9% | -5.9% |
| 1990 | 71.4% | +10.0% |
| 1991 | 71.2% | -0.3% |
| 1992 | 76.3% | +7.2% |
| 1993 | 71.4% | -6.4% |
| 1994 | 68.5% | -4.1% |
| 1995 | 131.5% | +92.1% |
| 1996 | 185.6% | +41.1% |
| 1997 | 175.7% | -5.3% |
| 1998 | 119.9% | -31.7% |
| 1999 | 94.9% | -20.9% |
| 2000 | 119.0% | +25.4% |
| 2001 | 128.6% | +8.1% |
| 2002 | 93.7% | -27.2% |
| 2003 | 114.2% | +21.9% |
| 2004 | 84.2% | -26.3% |
| 2005 | 85.6% | +1.6% |
| 2006 | 83.6% | -2.3% |
| 2007 | 84.3% | +0.8% |
| 2008 | 84.3% | +0.0% |
| 2009 | 87.4% | +3.6% |
| 2010 | 91.3% | +4.5% |
| 2011 | 95.7% | +4.8% |
| 2012 | 98.9% | +3.4% |
| 2013 | 101.9% | +3.0% |
| 2014 | 105.9% | +4.0% |
| 2015 | 101.1% | -4.5% |
| 2016 | 98.3% | -2.8% |
| 2017 | 99.8% | +1.5% |
| 2018 | 104.3% | +4.5% |
| 2019 | 103.6% | -0.7% |
| 2020 | 86.9% | -16.1% |
| 2021 | 102.6% | +18.1% |
| 2022 | 111.4% | +8.6% |
| 2023 | 111.3% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 66.5% | 64.9% | 69.0% | 4 |
| 1990s | 106.6% | 68.5% | 185.6% | 10 |
| 2000s | 96.5% | 83.6% | 128.6% | 10 |
| 2010s | 100.1% | 91.3% | 105.9% | 10 |
| 2020s | 103.0% | 86.9% | 111.4% | 4 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Industry (including construction), value added (current LCU), annual 25.46 % change on previous year (2023)
- Industry (including construction), value added (constant 2015 US$) 0.1014 constant 2015 US$ per US$ of GDP (2023)
- Industry (including construction), value added (constant 2015 US$) 0.625 % change on previous year (2023)
- Industry (including construction), value added (current LCU), per 6,770 current LCU per person (2023)
- Industry (including construction), value added (current LCU), per 0.194 current LCU per US$ of GDP (2023)
- Industry (including construction), value added (current US$), per 0.1084 current US$ per US$ of GDP (2023)
- Manufacturing, value added (constant LCU), per capita 1,589 constant LCU per person (2023)
- Industry (including construction), value added (current US$), annual 25.46 % change on previous year (2023)
- Services, value added (current US$), per capita 26,620 current US$ per person (2023)
- Industry (including construction), value added (current US$), per 3,782 current US$ per person (2023)
Frequently asked questions
- What is trade in services in Aruba?
- Trade in services in Aruba was 111.3% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Aruba?
- The highest recorded value was 185.6% in 1996.
- What is the lowest trade in services recorded in Aruba?
- The lowest recorded value was 64.9% in 1989.
- How does Aruba rank for trade in services?
- Aruba ranks 7th out of 199 countries with data for 2023.
- Is trade in services rising or falling in Aruba?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this Aruba data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.