GDP growth in Aruba
Aruba: GDP growth was 6.8% in 2024. ◆ Volatile
GDP growth in Aruba, 1987–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2024, gdp growth in Aruba stood at 6.8%.
Compared with earlier readings it is down 28.4% on the previous year and up 377.6% over ten years.
Over the whole period, gdp growth in Aruba peaked at 18.6% in 1988 and was at its lowest, -23.9%, in 2020.
That places Aruba 23rd out of 214 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.6% | 12.1% | 18.6% | 3 |
| 1990s | 4.7% | 1.2% | 8.2% | 10 |
| 2000s | 1.3% | -11.7% | 7.6% | 10 |
| 2010s | 2.0% | -2.7% | 6.4% | 10 |
| 2020s | 3.6% | -23.9% | 14.8% | 5 |
Countries ranked near Aruba
- 20 Niger 7.0% compare
- 21 East Timor 7.0% compare
- 22 Mongolia 6.8% compare
- 24 Senegal 6.7% compare
- 25 Paraguay 6.6% compare
- 26 Cote d'Ivoire 6.5% compare
- 26 Kazakhstan 6.5% compare
More economy & growth data for Aruba
- Changes in inventories 65.38 million current US$ (2009)
- Gross national expenditure 3.87 billion current US$ (2024)
- Gross national expenditure 6.92 billion current LCU (2024)
- Gross national expenditure 92.8% (2024)
- Exports of goods and services 3.58 billion current US$ (2024)
- Exports of goods and services 6.41 billion current LCU (2024)
- Exports of goods and services 86.0% (2024)
- Gross capital formation 1.92 billion current LCU (2024)
- Imports of goods and services 3.26 billion current US$ (2024)
- Gross capital formation 25.7% (2024)
Frequently asked questions
- What is gdp growth in Aruba?
- Gdp growth in Aruba was 6.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Aruba?
- The highest recorded value was 18.6% in 1988.
- What is the lowest gdp growth recorded in Aruba?
- The lowest recorded value was -23.9% in 2020.
- How does Aruba rank for gdp growth?
- Aruba ranks 23rd out of 214 countries with data for 2024.
- Is gdp growth rising or falling in Aruba?
- Over the last ten years it is up 377.6%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.