Services, value added in Aruba
Aruba: Services, value added was 5.12 billion current LCU in 2023. ▲ Rising
Services, value added in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Aruba is 5.12 billion current LCU, measured in 2023. That is the highest value across all 29 years on record.
That represents a change of up 8.7% on the previous year and up 30.7% over ten years.
Over the whole period, services, value added in Aruba peaked at 5.12 billion current LCU in 2023 and was at its lowest, 1.92 billion current LCU, in 1995.
That places Aruba 183rd out of 205 countries with data for 2023, putting it 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 | 2.19 billion current LCU | 1.92 billion current LCU | 2.49 billion current LCU | 5 |
| 2000s | 3.11 billion current LCU | 2.65 billion current LCU | 3.72 billion current LCU | 10 |
| 2010s | 4.09 billion current LCU | 3.45 billion current LCU | 4.68 billion current LCU | 10 |
| 2020s | 4.32 billion current LCU | 3.40 billion current LCU | 5.12 billion current LCU | 4 |
Countries ranked near Aruba
- 180 Cayman Islands 5.60 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
- 182 Montenegro 5.18 billion current LCU compare
- 185 Curacao 4.61 billion current LCU compare
- 186 Antigua and Barbuda 4.33 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 services, value added in Aruba?
- Services, value added in Aruba was 5.12 billion current LCU 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 5.12 billion current LCU in 2023.
- What is the lowest services, value added recorded in Aruba?
- The lowest recorded value was 1.92 billion current LCU in 1995.
- How does Aruba rank for services, value added?
- Aruba ranks 183rd out of 205 countries with data for 2023.
- Is services, value added rising or falling in Aruba?
- Over the last ten years it is up 30.7%. 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 Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.