Aruba: Trade openness
* indicates monthly or quarterly data series
| Aruba |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 169.80 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | 149.57 |
| Min - Max | 124.14 - 175.34 |
| Source | The World Bank |
The latest value from 2023 is 169.8 percent, a decline from 172.88 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Aruba from 1995 to 2023 is 149.57 percent. The minimum value, 124.14 percent, was reached in 2020 while the maximum of 175.34 percent was recorded in 1996.
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* indicates monthly or quarterly data series
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 94.86 | 2021 | percent |
| Trade openness | 169.80 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 88.34 | 2023 | percent |
| Exports, billion dollars | 3.22 | 2023 | billion U.S. dollars |
| Imports, percent of GDP | 77.33 | 2022 | percent |
| Imports, billion dollars | 2.97 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 7.00 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.09 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.05 | 2022 | million dollars (current) |
| Current account, percent of GDP | 5.20 | 2023 | 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 | 34.45 | 2023 | million U.S. dollars |
| Net errors and omissions | -39.96 | 2022 | million USD |
| Foreign exchange reserves | 3.80 | 3/2025 | billion |