Aruba: GDP, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2024, Aruba's GDP, PPP (constant 2021 international $) rose 6.8% on 2023 (from 4.59 billion to 4.91 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +2.2% and a typical year strayed about 6.9% from that (the standard deviation). This year's change was 0.7 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 14.8% in 2021 and the biggest yearly fall was 23.9% 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 18% 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 8th highest value of the 10 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

• Bahamas, The — 4th of 10: 14.54 billion
• Bermuda — 5th of 10: 6.74 billion
• Cayman Islands — 6th of 10: 6.03 billion
• Curaçao — 8th of 10: 4.49 billion
• Faroe Islands — 9th of 10: 3.94 billion
• Turks and Caicos Islands — 10th of 10: 1.55 billion

What this measures

This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 35 values

GDP, PPP (constant 2021 international $) in nearby economies

• Antigua and Barbuda — 2.88 billion (2025)
• Argentina — 1.28 trillion (2025)
• Bahamas, The — 14.54 billion (2024)
• Barbados — 6.25 billion (2025)
• Belize — 5.41 billion (2025)
• Bolivia — 138.41 billion (2025)
• Brazil — 4.26 trillion (2025)
• Cayman Islands — 6.03 billion (2024)
• Chile — 612.95 billion (2025)
• Colombia — 1 trillion (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

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Questions people ask

What is Aruba's GDP, PPP (constant 2021 international $)?

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

How has it changed since 1990?

It is up 135.86% from 2.08 billion in 1990 (2.56% a year on average, compounded). The highest value was 4.91 billion in 2024 and the lowest 2.08 billion in 1990.

How does Aruba rank?

8th highest of 10 economies with data for 2024.

Is the latest change in GDP, PPP (constant 2021 international $) unusual for Aruba?

In 2024, Aruba's GDP, PPP (constant 2021 international $) rose 6.8% on 2023 (from 4.59 billion to 4.91 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.2% and a typical year strayed about 6.9% from that (the standard deviation). This year's change was 0.7 standard deviations above 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.MKTP.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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