Aruba: Manufacturing, value added (constant LCU)

Key figures

What the numbers say

In 2023, Aruba's manufacturing, value added (constant LCU) fell 1.2% on 2022 (from 172.68 million to 170.56 million).

Across the 9 yearly changes before that (2014 to 2022), the average change was +1.2% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 0.3 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 9.2% in 2021 and the biggest yearly fall was 12.4% 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 the straight-line trend is upward, about 2.25 million a year. A straight line explains 36% of the movement over 10 observed years.

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

• Tanzania — 1st of 5: 11.95 trillion
• Central African Republic — 2nd of 5: 136.54 billion
• Greenland — 3rd of 5: 524.9 million
• Isle of Man — 5th of 5: 93.73 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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

Manufacturing, value added (constant LCU) in nearby economies

• Antigua and Barbuda — 111.72 million (2025)
• Argentina — 109.24 billion (2025)
• Bahamas, The — 36.9 million (2024)
• Barbados — 747.19 million (2024)
• Belize — 355.76 million (2025)
• Bolivia — 41.1 billion (2024)
• Brazil — 439.4 billion (2025)
• Cayman Islands — 37.2 million (2024)
• Chile — 19.65 trillion (2025)
• Colombia — 113.06 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 manufacturing, value added (constant LCU)?

170.56 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is up 7.06% from 159.31 million in 2013 (0.68% a year on average, compounded). The highest value was 174.03 million in 2018 and the lowest 146.45 million in 2015.

Is the latest change in manufacturing, value added (constant LCU) unusual for Aruba?

In 2023, Aruba's manufacturing, value added (constant LCU) fell 1.2% on 2022 (from 172.68 million to 170.56 million). Across the 9 yearly changes before that (2014 to 2022), the average change was +1.2% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, 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).

Source

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