Economic Trivia

Aruba has one of the highest GDP per capita incomes in the Caribbean.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): United States, Netherlands, and Colombia
Top 3 Exported Goods (2021): Tobacco, Beverages, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Tourism; Transshipment Facilities; Banking

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $4,569,092,261 (2021)
GDP Growth Rate (annual %) 17.173% (2021)
GDP Per Capita, PPP (current international) $42,887 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 175/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.257% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) 13.122% (2020)
Manufacturing, value added (% of GDP) 2.562% (2019)
Current Account Balance (BoP, current US$) $389,054,084 (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 0.6% (2011)
Employment in Industry (% of total employment) 14.04% (2011)
Employment in Services (% of total employment) 85.07% (2011)
Unemployment Rate 5.7% (2007)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $2,133,552,235 (2021)
Exports of goods and services (current US$) $2,154,231,620 (2021)
Total Merchandise Trade (% of GDP) 37.876% (2021)
FDI, net inflows (BoP, current US$) $248,150,283 (2022)
Commercial Service Exports (current US$) $2,770,261,786 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Aruba’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank