Aruba's final consumption expenditure (% of GDP) was 67.04% in 2024, the latest year in the World Bank's World Development Indicators. That is down 15.43 percentage points from 82.47% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 67.04% | 2024 |
| Five years earlier | 81.91% | 2019 |
| Ten years earlier | 82.47% | 2014 |
| Highest | 91.7% | 2020 |
| Lowest | 67.04% | 2024 |
| Average since 2015 | 79.55% | 2015–2024 |
| First recorded | 70.43% | 1995 |
What the numbers say
In 2024, Aruba's final consumption expenditure (% of GDP) fell 8.58 percentage points on 2023 (from 75.62% to 67.04%).
Across the 28 yearly changes before that (1996 to 2023), the average change was +0.19 percentage points and a typical year strayed about 3.6 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 9.8 percentage points in 2020 and the biggest yearly fall was 8.58 percentage points in 2024. 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 there is no clear straight-line trend: a straight line explains 7% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 29th highest value of the 36 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
- Iraq — 26th of 36: 68.59%
- Faroe Islands — 27th of 36: 68.47%
- Kuwait — 28th of 36: 67.38%
- Kazakhstan — 30th of 36: 63.07%
- Panama — 31st of 36: 61.42%
- Zambia — 32nd of 36: 60.71%
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.
All 30 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2024 | 67.04 |
| 2023 | 75.62 |
| 2022 | 79.43 |
| 2021 | 84.61 |
| 2020 | 91.7 |
| 2019 | 81.91 |
| 2018 | 79.61 |
| 2017 | 78.89 |
| 2016 | 78.38 |
| 2015 | 78.31 |
| 2014 |
Final consumption expenditure (% of GDP) in nearby economies
- Argentina — 84.91% (2025)
- Bahamas, The — 77.21% (2024)
- Belize — 80.23% (2024)
- Bolivia — 86.16% (2024)
- Brazil — 82.57% (2025)
- Chile — 71.8% (2025)
- Colombia — 88.68% (2025)
- Costa Rica — 78.01% (2025)
- Cuba — 115.71% (2024)
- Curaçao — 87.71% (2018)
- Dominican Republic
More economic policy & debt data for Aruba
- Adjusted savings, education expenditure (% of GNI) — 5.75% (2021)
- Adjusted savings, carbon dioxide damage (current US$) — US$57.5 million (2021)
- Adjusted savings, net forest depletion (current US$) — US$64,588 (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Foreign direct investment, net outflows (BoP, current US$) — US$18.18 million (2025)
- Foreign direct investment, net inflows (BoP, current US$) — US$71.08 million (2025)
- Total reserves, including gold (current US$) — US$2.23 billion (2025)
- Total reserves, excluding gold (current US$) — US$1.79 billion (2025)
- Foreign direct investment, net outflows (% of GDP)
Reading data like this
Questions people ask
- What is Aruba's final consumption expenditure (% of GDP)?
- 67.04% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 3.39 percentage points from 70.43% in 1995. The highest value was 91.7% in 2020 and the lowest 67.04% in 2024.
- How does Aruba rank?
- 29th highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Aruba?
- In 2024, Aruba's final consumption expenditure (% of GDP) fell 8.58 percentage points on 2023 (from 75.62% to 67.04%). Across the 28 yearly changes before that (1996 to 2023), the average change was +0.19 percentage points and a typical year strayed about 3.6 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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