Aruba: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
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 (2019): United States, Netherlands, and United Kingdom |
Top Industries Source: CIA World Factbook | Tourism; Transshipment Facilities; Banking |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $3,578,912,448 (2017) |
GDP Growth Rate (annual %) | 1.331% (2017) |
GDP Per Capita, PPP (current international) | $33,966 (2017) |
GDP Country Rank 173/196 (2017)
Economic Indicators [1]
Inflation, consumer prices (annual %) | 4.257% (2019) |
External debt stocks, total (DOD, current US$) | Data unavailable |
Total tax rate (% of commercial profits) | Data unavailable |
Real Interest Rate (5 year average %) | 5.575% (2017) |
Manufacturing, value added (% of GDP) | 4.189% (2011) |
Current Account Balance (BoP, current US$) | $60,413,903 (2019) |
Labor and Employment [1]
Labor Force, Total | Data unavailable |
Employment in Agriculture (% of total employment) | 0.6% (2011) |
Employment in Industry (% of total employment) | 14.04% (2011) |
Employment in Services (% of total employment) | 85.07% (2011) |
Unemployment Rate | 5.7% (2007) |
Trade [1]
Imports of goods and services (current US$) | $2,031,843,575 (2017) |
Exports of goods and services (current US$) | $1,912,290,503 (2017) |
Total Merchandise Trade (% of GDP) | 56.977% (2016) |
FDI, net inflows (BoP, current US$) | $134,979,426 (2018) |
Commercial Service Exports (current US$) | $2,325,178,870 (2018) |
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.