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Aruba — GDP growth
GDP Growth (Annual %) for Aruba, 1987–2024.
Latest value · 2024
6.81%
GDP Growth (Annual %) · annual % · -57.6% since 1987
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%.
Key figures
Latest (2024)
6.81%
First (1987)
16.08%
Change
-57.6%
Highest
18.65%
in 1988
Lowest
-23.94%
in 2020
Average
3.83%
Annual growth (CAGR)
-2.29%
Years of data
38
Recent years
| Year | annual % |
|---|---|
| 2024 | 6.81% |
| 2023 | 9.52% |
| 2022 | 10.61% |
| 2021 | 14.83% |
| 2020 | -23.94% |
| 2019 | 1.23% |
| 2018 | 3.21% |
| 2017 | 3.49% |
| 2016 | 1.23% |
| 2015 | 3.61% |
| 2014 | 1.43% |
| 2013 | 6.43% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.