Economy of Aruba
Population: 0.11 M (2018)
GDP per Capita: 25,630 USD (2017)
2,700 M.

GDP USD

(2017)

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1,910 M.

EXPORTS USD

(2017)

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2,030 M.

IMPORTS USD

(2017)

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74.80 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.33 % (2017)
GDP of 2010 USD USD 2.60 B. (2017)
GDP Current USD USD 2.70 B. (2017)
GDP per Capita Current USD USD 25,630 (2017)
GDP per capita, PPP USD 35,862 (2017)
GDP per Capita, 2010 USD USD 24,485 (2017)

Government spending and balances

Indicator Value
Government Spending % GDP 27.72 % (2017)
Government Spending USD 0.75 B. (2017)
Government Debt % GDP 74.80 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 97.32 (2018)
Trade Openness 146.05 % (2017)
Exports of Goods and Services % GDP 70.81 % (2017)
Exports Goods & Services USD 1.91 B. (2017)
Exports Annual Growth Aruba
Imports as % GDP 75.24 % (2017)
Total Imports USD 2.03 B. (2017)
Foreign Direct Investment % GDP 6.02 % (2017)
Foreign Direct Investment USD 0.14 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.98 B. (2018)
Remittances % GDP 0.28 % (2017)
Remittances USD 6 M. (2016)
Balance of Payments USD 1 M. (2015)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 1 M. (2015)
Labor Force (Percent Female) USD 1 M. (2015)
Female Labor Force Participation Rate USD 1 M. (2015)
Male Labor Force Participation Rate USD 1 M. (2015)
Dependent People 45.67 % (2018)

Agriculture Sector

Indicator Value
Forest Area 2.30 % (2016)
Forest Area km² 4 km² (2016)
Agricultural Land 11.11 % (2016)
Agricultural Land km² 20 km² (2016)
Employment
Value added % GDP 0.44 % (2009)
Agriculture Value added USD 0.01 B. (2009)
Crop Production Index 11.11 % (2016)
Precipitation
Arable Land 11 % (2016)
Cereal Yield 11 % (2016)
Food production index 11 % (2016)
Rural Population 57 % (2018)
Fertilizer use of Arable Land 11 % (2016)
Livestock Production Index 11 % (2016)
Economy of Aruba

According to the World Bank and its latest published data, the economy of the Aruba presents a growth rate of 1.33 % (2017) to the previous year.

With a population that reaches 0.11 M (2018) and a gross domestic product of USD 2.70 B. (2017), it translates a Gross Domestic Product per Capita of USD 25,630 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Aruba also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at 45.67 % (2018).

The central government spent 27.72 % (2017) of its gross domestic product that year, which in absolute terms is USD 0.75 B. (2017). Its consolidated public debt reached 74.80 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Aruba exported USD 1.91 B. (2017), which represents 70.81 % (2017) of its gross domestic product, in that same sense its imports reached USD 2.03 B. (2017) with a direct foreign investment of USD 0.14 B. (2018).

Aruba has a forest area of 4 km² (2016), which represents 2.30 % (2016) of its total area, an average rainfall of per year and a population of 57 % (2018) living in rural areas. With a total area of 20 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Aruba about USD 0.01 B. (2009) (0.44 % (2009) of its GDP).