Aruba's GDP changed from approximately $1B 321M in 1995 to $4B 69M in 2024, showing an overall 208.0% sharply increased during the period.
The lowest GDP was recorded in 1995 at $1B 321M, and the highest in 2024 at $4B 69M.
Over the 29-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.0%.
For comparison, the average annual growth rate of United States was 5.4%, and that of China was 9.8%.
Overview of Aruba's GDP (1995–2024)
The Gross Domestic Product (GDP) of Aruba recorded a 208.0% sharply increased from 1995 to 2024.
The average GDP during this period was $2B 556M, and the median was $2B 587M.
GDP fluctuated within a range of $2B 748M, with a standard deviation of $710M 378K.
The average annual change was $76M 461K.
Aruba GDP from 1995 to 2024
The total market value of goods and services produced annually in Aruba.
Highest and Lowest GDP Records
- Lowest GDP: 1995, $1B 321M
- Highest GDP: 2024, $4B 69M
- Most Recent GDP: 2024, $4B 69M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Aruba's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $3B 396M → $2B 559M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $2B 678M → $2B 554M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 873M → $1B 896M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $1B 532M → $1B 665M
- Outcome: increased
Key Economic Indicators of Aruba (1995–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1986 | $ 0 | $ 0 | $ 12,182.48 | $ 741M | 0 % | 0 % | 0 % | 0 % | 61,000 people |
1987 | $ 0 | $ 0 | $ 14,656.24 | $ 882M | 16.079 % | 0 % | 0 % | 0 % | 60,000 people |
1988 | $ 0 | $ 0 | $ 17,899.61 | $ 1B 83M | 18.64 % | 0 % | 0 % | 0 % | 61,000 people |
1989 | $ 0 | $ 0 | $ 20,429.12 | $ 1B 262M | 12.095 % | 0 % | 0 % | 0 % | 62,000 people |
1990 | $ 0 | $ 0 | $ 21,196.80 | $ 1B 361M | 3.977 % | 0 % | 0 % | 0 % | 64,000 people |
1991 | $ 0 | $ 0 | $ 22,794.48 | $ 1B 519M | 7.975 % | 0 % | 0 % | 0 % | 67,000 people |
1992 | $ 0 | $ 0 | $ 23,844.78 | $ 1B 645M | 5.875 % | 0 % | 0 % | 0 % | 69,000 people |
1993 | $ 0 | $ 0 | $ 24,529.26 | $ 1B 807M | 7.304 % | 0 % | 0 % | 0 % | 74,000 people |
1994 | $ 0 | $ 0 | $ 25,743.02 | $ 1B 998M | 8.207 % | 0 % | 0 % | 0 % | 78,000 people |
1995 | $ 1B 321M | $ 16,546.62 | $ 26,194.78 | $ 2B 89M | 2.503 % | 0 % | 29.56 % | 0.339 % | 80,000 people |
1996 | $ 1B 380M | $ 16,620.85 | $ 25,963.17 | $ 2B 156M | 1.257 % | 0 % | 26.40 % | -1.1 % | 83,000 people |
1997 | $ 1B 532M | $ 17,751.07 | $ 27,190.22 | $ 2B 347M | 7.018 % | 0 % | 26.54 % | -0.851 % | 86,000 people |
1998 | $ 1B 665M | $ 18,825.01 | $ 27,361.10 | $ 2B 420M | 1.989 % | 0 % | 27.71 % | 1.447 % | 88,000 people |
1999 | $ 1B 723M | $ 19,215.01 | $ 27,749.80 | $ 2B 488M | 1.371 % | -25.271 % | 26.18 % | 1.538 % | 90,000 people |
2000 | $ 1B 873M | $ 20,681.14 | $ 30,245.88 | $ 2B 740M | 7.684 % | 11.345 % | 29.19 % | 1.885 % | 91,000 people |
2001 | $ 1B 896M | $ 20,740.21 | $ 31,920.34 | $ 2B 919M | 4.182 % | 16.35 % | 25.60 % | 0.554 % | 91,000 people |
2002 | $ 1B 962M | $ 21,307.26 | $ 31,888.53 | $ 2B 936M | -0.945 % | -16.996 % | 22.53 % | -1.757 % | 92,000 people |
2003 | $ 2B 44M | $ 21,949.39 | $ 32,506.91 | $ 3B 27M | 1.111 % | -8.182 % | 21.55 % | 3.143 % | 93,000 people |
2004 | $ 2B 255M | $ 23,700.57 | $ 35,059.08 | $ 3B 335M | 7.294 % | 12.156 % | 25.35 % | -6.404 % | 95,000 people |
2005 | $ 2B 360M | $ 24,171.99 | $ 35,099.04 | $ 3B 427M | -0.383 % | 4.908 % | 24.26 % | -0.959 % | 98,000 people |