Aruba — GDP growth
GDP Growth (Annual %) for Aruba, 1987–2024.
GDP growth for Aruba was 6.81% in 2024, according to the latest World Bank data. The series covers 38 years, from 1987 to 2024. The highest recorded value was 18.65% in 1988. The lowest was -23.94% in 2020 (about -3.5× the latest value). Across that span the compound annual growth rate works out to -2.29% per year.
Aruba ranks 23 of 212 economies on this measure (1 = highest), putting it in the top 11%. The median for Latin America & Caribbean is 3.38%, so Aruba sits above it. It peaked in 1988 and has fallen 63% since. Over the last decade (2014–2024) the figure moved up 378%. Within Latin America & Caribbean it ranks 2 of 40 economies; Paraguay (6.64%) is just below it. Its sharpest one-year move was down 2048% in 2020. That is 134% above this series' own ten-year average.
Data highlights
World ranking. Slipped: 3rd of 171 in 1987 → 72nd of 176 in 1990 → 29th of 199 in 2000 → 198th of 209 in 2010 → 203rd of 209 in 2020 → 17th of 200 in 2024.
Key figures
Full history — 1987 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 6.81% | -2.7 pp |
| 2023 | 9.52% | -1.1 pp |
| 2022 | 10.61% | -4.2 pp |
| 2021 | 14.83% | +38.8 pp |
| 2020 | -23.94% | -25.2 pp |
| 2019 | 1.23% | -2.0 pp |
| 2018 | 3.21% | -0.3 pp |
| 2017 | 3.49% | +2.3 pp |
| 2016 | 1.23% | -2.4 pp |
| 2015 | 3.61% | +2.2 pp |
| 2014 | 1.43% | -5.0 pp |
| 2013 | 6.43% | +7.5 pp |
| 2012 | -1.04% | -4.4 pp |
| 2011 | 3.37% | +6.1 pp |
| 2010 | -2.73% | +8.9 pp |
| 2009 | -11.68% | -13.5 pp |
| 2008 | 1.84% | -1.3 pp |
| 2007 | 3.09% | +2.0 pp |
| 2006 | 1.13% | +1.5 pp |
| 2005 | -0.38% | -7.7 pp |
| 2004 | 7.29% | +6.2 pp |
| 2003 | 1.11% | +2.1 pp |
| 2002 | -0.94% | -5.1 pp |
| 2001 | 4.18% | -3.4 pp |
| 2000 | 7.62% | +6.4 pp |
| 1999 | 1.24% | -0.8 pp |
| 1998 | 1.99% | -5.1 pp |
| 1997 | 7.05% | +5.9 pp |
| 1996 | 1.19% | -1.4 pp |
| 1995 | 2.55% | -5.7 pp |
| 1994 | 8.2% | +0.9 pp |
| 1993 | 7.31% | +1.4 pp |
| 1992 | 5.88% | -2.1 pp |
| 1991 | 7.96% | +4.0 pp |
| 1990 | 3.96% | -8.2 pp |
| 1989 | 12.13% | -6.5 pp |
| 1988 | 18.65% | +2.6 pp |
| 1987 | 16.08% | — |
Frequently asked questions
What was Aruba’s GDP growth in 1988?
18.65% (1988). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Aruba’s GDP growth growing or shrinking?
Between 1987 and 2024 the series was shrinking overall: -57.6% in total — about 2.3% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 6.81%; 2023: 9.52%; 2022: 10.61%; 2021: 14.83%; 2020: -23.94%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.