Aruba: Industry, including construction, value added (current US$)

Key figures

What the numbers say

In 2023, Aruba's industry, including construction, value added (current US$) rose 25.5% on 2022 (from US$323.65 million to US$406.05 million).

Across the 27 yearly changes before that (1996 to 2022), the average change was +2.6% and a typical year strayed about 13% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 26.9% in 1997 and the biggest yearly fall was 27.6% in 2009. 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.

How it compares

See how every economy compares in the full ranking.

Closest to Aruba in the 2023 ranking

• Liechtenstein — 2nd of 5: US$3.22 billion
• Greenland — 3rd of 5: US$613.64 million
• Isle of Man — 4th of 5: US$565.4 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

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

All 29 values

Industry, including construction, value added (current US$) in nearby economies

• Antigua and Barbuda — US$424.89 million (2025)
• Argentina — US$156.25 billion (2025)
• Bahamas, The — US$1.52 billion (2024)
• Barbados — US$927.46 million (2024)
• Belize — US$466.82 million (2024)
• Bolivia — US$17.16 billion (2024)
• Brazil — US$459.4 billion (2025)
• Cayman Islands — US$593.36 million (2024)
• Chile — US$112.3 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

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Questions people ask

What is Aruba's industry, including construction, value added (current US$)?

US$406.05 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 99.7% from US$203.34 million in 1995 (2.5% a year on average, compounded). The highest value was US$468.04 million in 2007 and the lowest US$203.34 million in 1995.

Is the latest change in industry, including construction, value added (current US$) unusual for Aruba?

In 2023, Aruba's industry, including construction, value added (current US$) rose 25.5% on 2022 (from US$323.65 million to US$406.05 million). Across the 27 yearly changes before that (1996 to 2022), the average change was +2.6% and a typical year strayed about 13% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.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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