Aruba: Taxes less subsidies on products (current US$)

Key figures

What the numbers say

In 2023, Aruba's taxes less subsidies on products (current US$) rose 28.9% on 2022 (from US$373.17 million to US$481.16 million).

Across the 27 yearly changes before that (1996 to 2022), the average change was +5.1% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 32.1% in 2007 and the biggest yearly fall was 28% 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 US$19.49 million a year. A straight line explains 61% 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

• New Zealand — 1st of 5: US$21.34 billion
• Liechtenstein — 3rd of 5: US$271.79 million
• Greenland — 4th of 5: US$133.33 million
• Isle of Man — 5th of 5: US$22.25 million

What this measures

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

All 29 values

Taxes less subsidies on products (current US$) in nearby economies

• Antigua and Barbuda — US$273.11 million (2025)
• Argentina — US$105.47 billion (2025)
• Bahamas, The — US$1.95 billion (2024)
• Barbados — US$833.4 million (2025)
• Belize — US$481.82 million (2024)
• Bolivia — US$3.6 billion (2024)
• Brazil — US$319.76 billion (2025)
• Cayman Islands — US$416.41 million (2024)
• Chile — US$34.34 billion (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 (current US$)?

US$481.16 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 312.75% from US$116.58 million in 1995 (5.19% a year on average, compounded). The highest value was US$481.16 million in 2023 and the lowest US$116.58 million in 1995.

Is the latest change in taxes less subsidies on products (current US$) unusual for Aruba?

In 2023, Aruba's taxes less subsidies on products (current US$) rose 28.9% on 2022 (from US$373.17 million to US$481.16 million). Across the 27 yearly changes before that (1996 to 2022), the average change was +5.1% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.TAX.NIND.CD, 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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