Aruba: Trade balance, percent of GDP

* indicates monthly or quarterly data series

Trade balance as percent of GDP

 Latest value 5.79
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average -4.92
 Min - Max -15.03 - 5.79
 Source The World Bank
For that indicator, we provide data for Aruba from 1995 to 2022. The average value for Aruba during that period was -4.92 percent with a minimum of -15.03 percent in 2010 and a maximum of 5.79 percent in 2022. The latest value from 2022 is 5.79 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Aruba - Trade balance, percent of GDP - Recent values chart

Historical chart
Aruba - Trade balance, percent of GDP - historical chart - 1995-2022

The trade balance for Aruba and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Related articles

Why do countries run trade deficits?

Are trade deficits bad for the economy?

The Balance of Payments: the current and financial accounts

 Related indicators Latest value Reference Measure
 Terms of trade 94.86 2021 percent
 Trade openness 160.46 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 83.12 2022 percent
 Exports, billion dollars 2.95 2022 billion U.S. dollars
 Imports, percent of GDP 77.33 2022 percent
 Imports, billion dollars 2.74 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 7.00 2022 percent
 Foreign Direct Investment, billion dollars 0.25 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.05 2022 million dollars (current)
 Current account, percent of GDP 6.60 2022 percent
 Current account, in dollars 0.23 2022 billion U.S. dollars
 Trade balance, percent of GDP 5.79 2022 percent
 Trade balance, in dollars 0.42 2022 billion U.S. dollars
 Reserves 1.54 2022 billion U.S. dollars
 Remittances, percent of GDP 1.08 2022 percent
 Remittances 38.28 2022 million U.S. dollars
 Net errors and omissions -39.96 2022 million USD
 Foreign exchange reserves 2.58 9/2023 billion
This site uses cookies.
Learn more here