Aruba's gross Value Added (GVA) at basic prices (current US$) was US$3.27 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 31.62% from US$2.48 billion in 2013 (2.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.27 billion | 2023 |
| Five years earlier | US$2.98 billion | 2018 |
| Ten years earlier | US$2.48 billion | 2013 |
| Highest | US$3.27 billion | 2023 |
| Lowest | US$1.21 billion | 1995 |
| Average since 2014 | US$2.78 billion | 2014–2023 |
| First recorded | US$1.21 billion |
What the numbers say
In 2023, Aruba's gross Value Added (GVA) at basic prices (current US$) rose 10.6% on 2022 (from US$2.95 billion to US$3.27 billion).
Across the 27 yearly changes before that (1996 to 2022), the average change was +3.7% and a typical year strayed about 8.1% from that (the standard deviation). This year's change was 0.9 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 17% in 2021 and the biggest yearly fall was 26.3% 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 2014 to 2023 there is no clear straight-line trend: a straight line explains 12% 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Aruba | US$3.27 billion | 2023 |
| World | US$97.78 trillion | 2024 |
| Latin America & Caribbean | US$6.85 trillion | 2025 |
| High income | US$58.99 trillion | 2021 |
Closest to Aruba in the 2023 ranking
- New Zealand — 1st of 5: US$235.04 billion
- Liechtenstein — 2nd of 5: US$7.97 billion
- Isle of Man — 3rd of 5: US$7.55 billion
- Greenland — 5th of 5: US$3.19 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 29 values
| Year | Gross Value Added (GVA) at basic prices (current US$) |
|---|---|
| 2023 | 3,265,411,456 |
| 2022 | 2,953,506,284 |
| 2021 | 2,585,310,620 |
| 2020 | 2,209,807,673 |
| 2019 | 2,998,394,141 |
| 2018 | 2,984,917,877 |
| 2017 | 2,826,684,916 |
| 2016 | 2,728,939,106 |
| 2015 | 2,714,627,374 |
| 2014 | 2,540,872,067 |
Gross Value Added (GVA) at basic prices (current US$) in nearby economies
- Antigua and Barbuda — US$2.07 billion (2025)
- Argentina — US$577.63 billion (2025)
- Bahamas, The — US$13.83 billion (2024)
- Barbados — US$7.18 billion (2025)
- Belize — US$2.72 billion (2024)
- Bolivia — US$51.29 billion (2024)
- Brazil — US$1.96 trillion (2025)
- Cayman Islands — US$7.35 billion (2024)
- Chile — US$323.03 billion (2025)
More economic policy & debt data for Aruba
- Adjusted savings, education expenditure (% of GNI) — 5.75% (2021)
- Adjusted savings, carbon dioxide damage (current US$) — 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$1.79 billion (2025)
- Foreign direct investment, net outflows (% of GDP)
Reading data like this
Questions people ask
- What is Aruba's gross Value Added (GVA) at basic prices (current US$)?
- US$3.27 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 169.73% from US$1.21 billion in 1995 (3.61% a year on average, compounded). The highest value was US$3.27 billion in 2023 and the lowest US$1.21 billion in 1995.
- Is the latest change in gross Value Added (GVA) at basic prices (current US$) unusual for Aruba?
- In 2023, Aruba's gross Value Added (GVA) at basic prices (current US$) rose 10.6% on 2022 (from US$2.95 billion to US$3.27 billion). Across the 27 yearly changes before that (1996 to 2022), the average change was +3.7% and a typical year strayed about 8.1% from that (the standard deviation). This year's change was 0.9 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.FCST.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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