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Indicators of economy in Aruba

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 12.259 USD per capita. GDP in Aruba, on the other hand, reached USD 23.291 per capita, or 2.50 billion USD in the whole country. Aruba is currently at number 179 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, then Aruba is in place 54.
Inflation in Aruba was in 2019 at around 4.26%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 14.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Aruba

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic in 2020 were considerable in Aruba. Overall, gross domestic product in 2020 fell from 3.31 billion US Dollar auf 2.50 billion US Dollar. With a large drop of 24.57 percent, the economy in Aruba has struggled significantly more than other countries. The tourism sector alone slumped by around 49 percent.

Economic performance 2020

 Aruba
Total
Aruba
per capita
EU
Total
EU
per capita
GDP2.50 bn USD23,290.71 USD17.09 tn USD33,228.68 USD
Gross national product2.46 bn USD22,976.86 USD16.78 tn USD32,621.03 USD

Development of gross domestic product in million US Dollar 1986 - 2020



Im- and Exports 2021

 Aruba
Total
Aruba
per capita
EU
Total
EU
per capita
Imports1.98 bn USD18,515.60 USD8,916.24 bn USD17,337.55 USD
Exports2.20 bn USD20,528.38 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in millions of USD 1986 - 2021
Exports
Imports

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