Aruba: Taxes less subsidies on products (constant LCU)

Key figures

What the numbers say

In 2023, Aruba's taxes less subsidies on products (constant LCU) rose 35.3% on 2022 (from 756.14 million to 1.02 billion).

Across the 9 yearly changes before that (2014 to 2022), the average change was +7.7% and a typical year strayed about 18.1% from that (the standard deviation). This year's change was 1.5 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 35.3% in 2023 and the biggest yearly fall was 31.2% 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 47.24 million a year. A straight line explains 62% 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

• Greenland — 2nd of 3: 169.5 million
• Isle of Man — 3rd of 3: 21.74 million

What this measures

Taxes less subsidies on products are taxes payable per unit of a good or service. 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

Taxes less subsidies on products (constant LCU) in nearby economies

• Antigua and Barbuda — 563.21 million (2025)
• Argentina — 131.42 billion (2025)
• Bahamas, The — 1.49 billion (2024)
• Barbados — 1.6 billion (2025)
• Belize — 687.41 million (2025)
• Bolivia — 30.68 billion (2024)
• Brazil — 722.57 billion (2025)
• Cayman Islands — 272.9 million (2024)
• Chile — 21.2 trillion (2025)
• Colombia

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 taxes less subsidies on products (constant LCU)?

1.02 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is up 131.53% from 441.98 million in 2013 (8.76% a year on average, compounded). The highest value was 1.02 billion in 2023 and the lowest 441.98 million in 2013.

Is the latest change in taxes less subsidies on products (constant LCU) unusual for Aruba?

In 2023, Aruba's taxes less subsidies on products (constant LCU) rose 35.3% on 2022 (from 756.14 million to 1.02 billion). Across the 9 yearly changes before that (2014 to 2022), the average change was +7.7% and a typical year strayed about 18.1% from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NY.TAX.NIND.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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