Aruba's trade in services (% of GDP) was 111.26% in 2023, the latest year in the World Bank's World Development Indicators. That is up 9.4 percentage points from 101.86% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 111.26% | 2023 |
| Five years earlier | 104.3% | 2018 |
| Ten years earlier | 101.86% | 2013 |
| Highest | 185.6% | 1996 |
| Lowest | 64.92% | 1989 |
| Average since 2014 | 102.51% | 2014–2023 |
| First recorded | 65.94% | 1986 |
What the numbers say
In 2023, Aruba's trade in services (% of GDP) fell 0.14 percentage points on 2022 (from 111.39% to 111.26%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +1.17 percentage points and a typical year strayed about 22.51 percentage points from that (the standard deviation). This year's change was 0.1 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 63.08 percentage points in 1995 and the biggest yearly fall was 55.78 percentage points in 1998. 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 7% 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
In 2023, Aruba had the 1st highest value of the 12 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.
| Value | Year | |
|---|---|---|
| Aruba | 111.26% | 2023 |
| World | 15.19% | 2025 |
| Latin America & Caribbean | 8.91% | 2025 |
| High income | 18.51% | 2025 |
Closest to Aruba in the 2023 ranking
- Sint Maarten (Dutch part) — 2nd of 12: 95.07%
- Tuvalu — 3rd of 12: 84.5%
- Curaçao — 4th of 12: 75.61%
What this measures
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 38 values
| Year | Trade in services (% of GDP) |
|---|---|
| 2023 | 111.26 |
| 2022 | 111.39 |
| 2021 | 102.6 |
| 2020 | 86.87 |
| 2019 | 103.56 |
| 2018 | 104.3 |
| 2017 | 99.77 |
| 2016 | 98.3 |
| 2015 | 101.12 |
| 2014 | 105.92 |
| 2013 |
Trade in services (% of GDP) in nearby economies
- Antigua and Barbuda — 78.09% (2025)
- Argentina — 7.07% (2025)
- Bahamas, The — 52.86% (2024)
- Barbados — 37.79% (2017)
- Belize — 47.07% (2025)
- Bolivia — 5.6% (2025)
- Brazil — 7% (2025)
- Chile — 9.78% (2025)
- Colombia — 8.74% (2025)
- Costa Rica — 25.95% (2025)
- Curaçao — 75.61% (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
Questions people ask
- What is Aruba's trade in services (% of GDP)?
- 111.26% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1986?
- It is up 45.32 percentage points from 65.94% in 1986. The highest value was 185.6% in 1996 and the lowest 64.92% in 1989.
- How does Aruba rank?
- 1st highest of 12 economies with data for 2023.
- Is the latest change in trade in services (% of GDP) unusual for Aruba?
- In 2023, Aruba's trade in services (% of GDP) fell 0.14 percentage points on 2022 (from 111.39% to 111.26%). Across the 30 yearly changes before that (1993 to 2022), the average change was +1.17 percentage points and a typical year strayed about 22.51 percentage points from that (the standard deviation). This year's change was 0.1 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 BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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