Ivan Kushnir

Economy of Aruba Ivan Kushnir

This book about the economy of Aruba from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of Aruba was equal to $2.9 billion per year; the value of manufacturing was $104.8 million. Since the share in the world is less than .01%, the country is classified as a micro economy.

Productivity. In the 2010s, the gross domestic product per capita was $27 624.3, the value of manufacturing per capita was $1 007.5. Since the productivity is between the average and the average of above average, the economy is classified as developed.

Growth. In the 2010s, the growth of gross domestic product was 0.98%; the growth of manufacturing was 2.4%.

Structure. In the 2010s, the economy of Aruba included: services (51.9%), trade (26.8%), transportation (8.3%), industry (8.1%), construction (4.8%), and agriculture (0.021%).

Export and import. In the 2010s, the import was 6.9% higher than the export, the net import was equal to 5.0% of the GDP. The technological structure of export is not better than the structure of import.

Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.