Aruba: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Aruba's export volume index (2015 = 100) fell 8.6 on 2023 (from 48.7 to 40.1).

Across the 18 yearly changes before that (2006 to 2023), the average change was −123.8 and a typical year strayed about 589.69 from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1,665 in 2011 and the biggest yearly fall was 1,317 in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 8.14 a year. A straight line explains 44% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Aruba had the 198th highest value of the 203 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Aruba in the 2024 ranking

• Gibraltar — 195th of 203: 47.4
• Antigua and Barbuda — 196th of 203: 47.2
• St. Lucia — 197th of 203: 41.6
• Equatorial Guinea — 199th of 203: 39.1
• Cuba — 200th of 203: 35.8
• Palau — 201st of 203: 35.5

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• Antigua and Barbuda — 47.2 (2024)
• Argentina — 121.1 (2024)
• Bahamas, The — 116.7 (2024)
• Barbados — 78.2 (2024)
• Belize — 77.7 (2024)
• Bolivia — 75.2 (2024)
• Brazil — 139.5 (2024)
• British Virgin Islands — 66.5 (2024)
• Cayman Islands — 83.3 (2024)
• Chile — 106 (2024)
• Colombia — 98.5 (2024)

More trade data for Aruba

• Import volume index (2015 = 100) — 91.3 (2024)
• Import value index (2015 = 100) — 119.7 (2024)
• Net barter terms of trade index (2015 = 100) — 95.1 (2024)
• Export value index (2015 = 100) — 49.9 (2024)

Every indicator for Aruba is on the Aruba data page.

Reading data like this

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Questions people ask

What is Aruba's export volume index (2015 = 100)?

40.1 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 98.24% from 2,277 in 2005 (19.15% a year on average, compounded). The highest value was 2,277 in 2005 and the lowest 20.7 in 2021.

How does Aruba rank?

198th highest of 203 economies with data for 2024.

Is the latest change in export volume index (2015 = 100) unusual for Aruba?

In 2024, Aruba's export volume index (2015 = 100) fell 8.6 on 2023 (from 48.7 to 40.1). Across the 18 yearly changes before that (2006 to 2023), the average change was −123.8 and a typical year strayed about 589.69 from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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