The economic architecture of Aruba is substantial, anchored by a Gross Domestic Product (GDP) of approximately $3.65B
2023
On a per capita basis, GDP stands at $33.98K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $4.83B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 4.3%
2023
, while managing moderate inflation, with a CPI of 4.3%.
2019
On the global stage, Aruba's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country maintains a strong export-oriented economy, reflected in a significant trade surplus, with exports representing 88.3% of GDP compared to imports at 81.5%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting -3.77% of the economy
2023
Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $38.96M annually
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $30,120
2023
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 8.8%
2022
Total greenhouse gas emissions were last recorded at 561.5 tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.