Services, value added in Aruba
Aruba: Services, value added was 6.0% in 2023. ◆ Volatile
Services, value added in Aruba, 2014–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2023, services, value added in Aruba stood at 6.0%.
That represents a change of down 29.5% on the previous year and up 290.7% over ten years.
Over the whole period, services, value added in Aruba peaked at 15.1% in 2021 and was at its lowest, -23.8%, in 2020.
Aruba ranks 35th of 197 countries on this measure, 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 |
|---|---|---|---|---|
| 2010s | 1.6% | -1.2% | 3.0% | 6 |
| 2020s | 1.4% | -23.8% | 15.1% | 4 |
Countries ranked near Aruba
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 services, value added in Aruba?
- Services, value added in Aruba was 6.0% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Aruba?
- The highest recorded value was 15.1% in 2021.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was -23.8% in 2020.
- How does Aruba rank for services, value added?
- Aruba ranks 35th out of 197 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is up 290.7%. 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 Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.