Aruba GDP Trends from 1995 to 2024: A overall increase with some decline Flow

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%.

Aruba GDP from 1995 to 2024

The total market value of goods and services produced annually in Aruba.

Change Chart

    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.


    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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