Aruba's industry, including construction, value added (constant LCU) was 590.63 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 12.53% from 524.89 million in 2013 (1.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 590.63 million | 2023 |
| Five years earlier | 648.02 million | 2018 |
| Ten years earlier | 524.89 million | 2013 |
| Highest | 648.02 million | 2018 |
| Lowest | 524.14 million | 2014 |
| Average since 2014 | 591.22 million | 2014–2023 |
| First recorded | 524.89 million |
What the numbers say
In 2023, Aruba's industry, including construction, value added (constant LCU) rose 0.6% on 2022 (from 586.97 million to 590.63 million).
Across the 9 yearly changes before that (2014 to 2022), the average change was +1.5% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.1 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 9.6% in 2015 and the biggest yearly fall was 17.1% 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 less than 1% 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.
Closest to Aruba in the 2023 ranking
- Greenland — 1st of 3: 3.8 billion
- Isle of Man — 3rd of 3: 346.02 million
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 varies by country. This series is expressed in local currency units.
All 11 values
| Year | Industry, including construction, value added (constant LCU) |
|---|---|
| 2023 | 590,634,729 |
| 2022 | 586,966,528 |
| 2021 | 561,205,246 |
| 2020 | 535,359,789 |
| 2019 | 645,544,894 |
| 2018 | 648,024,214 |
| 2017 | 644,338,998 |
| 2016 | 601,774,131 |
| 2015 | 574,258,057 |
| 2014 | 524,135,475 |
Industry, including construction, value added (constant LCU) in nearby economies
- Antigua and Barbuda — 997.17 million (2025)
- Argentina — 171.64 billion (2025)
- Bahamas, The — 1.49 billion (2024)
- Barbados — 1.87 billion (2024)
- Belize — 806.46 million (2025)
- Bolivia — 93.68 billion (2024)
- Brazil — 926.17 billion (2025)
- Cayman Islands — 375.43 million (2024)
- Chile — 53.05 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
Questions people ask
- What is Aruba's industry, including construction, value added (constant LCU)?
- 590.63 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2013?
- It is up 12.53% from 524.89 million in 2013 (1.19% a year on average, compounded). The highest value was 648.02 million in 2018 and the lowest 524.14 million in 2014.
- Is the latest change in industry, including construction, value added (constant LCU) unusual for Aruba?
- In 2023, Aruba's industry, including construction, value added (constant LCU) rose 0.6% on 2022 (from 586.97 million to 590.63 million). Across the 9 yearly changes before that (2014 to 2022), the average change was +1.5% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.1 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 NV.IND.TOTL.KN, 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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