Aruba: Personal remittances, received (current US$)

Key figures

What the numbers say

In 2023, Aruba's personal remittances, received (current US$) rose 1.8% on 2022 (from US$38.28 million to US$38.96 million).

Across the 30 yearly changes before that (1993 to 2022), the average change was +61.9% and a typical year strayed about 224.9% 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 1,096.4% in 2013 and the biggest yearly fall was 79.4% in 2003. 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 downward, about US$2.64 million a year. A straight line explains 65% 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.

How it compares

In 2023, Aruba had the 10th highest value of the 11 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 2023 ranking

• Comoros — 6th of 11: US$305.58 million
• Curaçao — 7th of 11: US$176.61 million
• Sint Maarten (Dutch part) — 8th of 11: US$48.02 million
• Tuvalu — 10th of 11: US$2.59 million
• Palau — 11th of 11: US$2.22 million

What this measures

Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Limitations: Remittance transactions have grown in importance over the past decade. In a number of developing economies, receipts of remittances have become an important and stable source of funds that exceeds receipts from exports of goods and services or from financial inflows on foreign direct investment. But the quality of statistical remittance data is not high. Remittances are a challenge to measure because of their nature. They are heterogeneous with numerous small transactions conducted by individuals through a wide variety of channels: formal channels, such as electronic wire, or through informal channels, such as cash or goods carried across borders.

Regional and income-group figures are computed by the World Bank as a sum.

All 33 values

Personal remittances, received (current US$) in nearby economies

• Antigua and Barbuda — US$22.04 million (2025)
• Argentina — US$922.83 million (2025)
• Barbados — US$85.18 million (2017)
• Belize — US$123.83 million (2025)
• Bolivia — US$1.25 billion (2025)
• Brazil — US$4.76 billion (2025)
• Chile — US$100.29 million (2025)
• Colombia — US$13.13 billion (2025)
• Costa Rica — US$845.52 million (2025)
• Curaçao — US$176.61 million (2023)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Aruba's personal remittances, received (current US$)?

US$38.96 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 1,416% from US$2.57 million in 1991 (8.87% a year on average, compounded). The highest value was US$58.63 million in 2014 and the lowest US$273,743 in 2003.

How does Aruba rank?

10th highest of 11 economies with data for 2023.

Is the latest change in personal remittances, received (current US$) unusual for Aruba?

In 2023, Aruba's personal remittances, received (current US$) rose 1.8% on 2022 (from US$38.28 million to US$38.96 million). Across the 30 yearly changes before that (1993 to 2022), the average change was +61.9% and a typical year strayed about 224.9% 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.

Source

World Bank, World Development Indicators, indicator BX.TRF.PWKR.CD.DT, licensed CC BY 4.0. Original source: IMF balance of payments data, International Monetary Fund (IMF); 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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