Aruba: Services, value added (constant 2015 US$)

Key figures

What the numbers say

In 2023, Aruba's services, value added (constant 2015 US$) rose 6% on 2022 (from US$2.34 billion to US$2.48 billion).

Across the 9 yearly changes before that (2014 to 2022), the average change was +1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.5 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 15.1% in 2021 and the biggest yearly fall was 23.8% 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 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

• Isle of Man — 1st of 3: US$6.74 billion
• Greenland — 3rd of 3: US$1.75 billion

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

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

All 11 values

Services, value added (constant 2015 US$) in nearby economies

• Antigua and Barbuda — US$1.23 billion (2025)
• Argentina — US$348.29 billion (2025)
• Bahamas, The — US$10.48 billion (2024)
• Barbados — US$4.88 billion (2024)
• Belize — US$1.7 billion (2025)
• Bolivia — US$18.56 billion (2024)
• Brazil — US$1.31 trillion (2025)
• Cayman Islands — US$5.48 billion (2024)
• Chile — US$186.17 billion (2025)
• Colombia — US$231.82 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 services, value added (constant 2015 US$)?

US$2.48 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is up 10.52% from US$2.24 billion in 2013 (1.01% a year on average, compounded). The highest value was US$2.49 billion in 2018 and the lowest US$1.87 billion in 2020.

Is the latest change in services, value added (constant 2015 US$) unusual for Aruba?

In 2023, Aruba's services, value added (constant 2015 US$) rose 6% on 2022 (from US$2.34 billion to US$2.48 billion). Across the 9 yearly changes before that (2014 to 2022), the average change was +1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.5 standard deviations above 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.SRV.TOTL.KD, 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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