Gross value added at basic prices (GVA) in Aruba
Aruba: Gross value added at basic prices (GVA) was 4.92 billion constant LCU in 2023. ▬ Flat
Gross value added at basic prices (GVA) in Aruba, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Aruba stood at 4.92 billion constant LCU.
Compared with earlier readings it is up 5.3% on the previous year and up 10.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Aruba peaked at 4.99 billion constant LCU in 2018 and was at its lowest, 3.80 billion constant LCU, in 2020.
Aruba ranks 176th of 197 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.73 billion constant LCU | 4.44 billion constant LCU | 4.99 billion constant LCU | 7 |
| 2020s | 4.43 billion constant LCU | 3.80 billion constant LCU | 4.92 billion constant LCU | 4 |
Countries ranked near Aruba
- 173 Monaco 5.73 billion constant LCU compare
- 174 Saint Lucia 5.26 billion constant LCU compare
- 175 Cayman Islands 4.96 billion constant LCU compare
- 177 Belize 4.71 billion constant LCU compare
- 178 Isle of Man 4.62 billion constant LCU compare
- 179 Antigua and Barbuda 4.37 billion constant LCU 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 gross value added at basic prices (gva) in Aruba?
- Gross value added at basic prices (gva) in Aruba was 4.92 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Aruba?
- The highest recorded value was 4.99 billion constant LCU in 2018.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 3.80 billion constant LCU in 2020.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 176th out of 197 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Aruba?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is flat.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.