Economic Growth in Aruba
The economy of Aruba recorded an average growth rate of 1.5% in the decade to 2021. In 2021, Aruba's real GDP growth was 27.6%. For more GDP information, visit our dedicated page.
Aruba GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Aruba from 2013 to 2023.
Source: Macrobond.
Aruba GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -2.3 | -24.0 | 27.6 | 10.4 | 5.3 |
| GDP (USD bn) | 3.4 | 2.5 | 3.1 | 3.5 | 3.9 |
| GDP (AWG bn) | 6.1 | 4.6 | 5.6 | 6.3 | 7.1 |
| Economic Growth (Nominal GDP, ann. var. %) | 3.6 | -24.6 | 21.3 | 14.2 | 11.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Aruban GDP projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Aruban GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Aruban GDP projections.
Want to get access to the full dataset of Aruban GDP forecasts? Send an email to info@focus-economics.com.