Aruba: GDP per capita (annual % growth)

Key figures

What the numbers say

In 2024, Aruba's GDP per capita (annual % growth) fell 3.28 percentage points on 2023 (from 9.47% to 6.18%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.3 percentage points and a typical year strayed about 9.89 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations below 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 39.29 percentage points in 2021 and the biggest yearly fall was 24.46 percentage points in 2020. 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 2nd highest value of the 14 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

• Monaco — 1st of 14: 9.42%
• Turks and Caicos Islands — 3rd of 14: 4.87%
• Curaçao — 4th of 14: 4.14%
• Bahamas, The — 5th of 14: 2.9%

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 38 values

GDP per capita (annual % growth) in nearby economies

• Antigua and Barbuda — 4.51% (2025)
• Argentina — 4.01% (2025)
• Bahamas, The — 2.9% (2024)
• Barbados — 2.64% (2025)
• Belize — 1.33% (2025)
• Bolivia — -2.9% (2025)
• Brazil — 1.89% (2025)
• Cayman Islands — 1.78% (2024)
• Chile — 1.97% (2025)
• Colombia — 1.61% (2025)
• Costa Rica — 4.09% (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Aruba's GDP per capita (annual % growth)?

6.18% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1987?

It is down 11.41 percentage points from 17.59% in 1987. The highest value was 18.3% in 1988 and the lowest -23.51% in 2020.

How does Aruba rank?

2nd highest of 14 economies with data for 2024.

Is the latest change in GDP per capita (annual % growth) unusual for Aruba?

In 2024, Aruba's GDP per capita (annual % growth) fell 3.28 percentage points on 2023 (from 9.47% to 6.18%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.3 percentage points and a typical year strayed about 9.89 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GDP.PCAP.KD.ZG, 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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