Gross value added at basic prices (GVA) in Aruba
Aruba: Gross value added at basic prices (GVA) was 5.85 billion current LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Aruba, 1995–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Aruba recorded 5.85 billion current LCU for gross value added at basic prices (gva) in 2023. That is the highest value across all 29 years on record.
The figure is up 10.6% on the previous year and up 31.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Aruba peaked at 5.85 billion current LCU in 2023 and was at its lowest, 2.17 billion current LCU, in 1995.
Aruba ranks 185th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.51 billion current LCU | 2.17 billion current LCU | 2.85 billion current LCU | 5 |
| 2000s | 3.74 billion current LCU | 3.09 billion current LCU | 4.55 billion current LCU | 10 |
| 2010s | 4.69 billion current LCU | 3.96 billion current LCU | 5.37 billion current LCU | 10 |
| 2020s | 4.93 billion current LCU | 3.96 billion current LCU | 5.85 billion current LCU | 4 |
Countries ranked near Aruba
- 182 Saint Lucia 6.18 billion current LCU compare
- 183 Cayman Islands 6.12 billion current LCU compare
- 184 Isle of Man 6.08 billion current LCU compare
- 186 Antigua and Barbuda 5.58 billion current LCU compare
- 187 Belize 5.44 billion current LCU compare
- 188 Curacao 5.40 billion current 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 5.85 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Aruba?
- The highest recorded value was 5.85 billion current LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Aruba?
- The lowest recorded value was 2.17 billion current LCU in 1995.
- How does Aruba rank for gross value added at basic prices (gva)?
- Aruba ranks 185th out of 206 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 31.6%. The long-run trend across the full record is rising.
- 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 Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.