Aruba: Trade openness
* indicates monthly or quarterly data series
Aruba |
Trade openness: exports plus imports as percent of GDP |
---|---|
Latest value | 160.46 |
Year | 2022 |
Measure | percent |
Data availability | 1995 - 2022 |
Average | 148.15 |
Min - Max | 124.16 - 175.34 |
Source | The World Bank |
The latest value from 2022 is 160.46 percent, an increase from 139.9 percent in 2021. In comparison, the world average is 98.96 percent, based on data from 161 countries. Historically, the average for Aruba from 1995 to 2022 is 148.15 percent. The minimum value, 124.16 percent, was reached in 2020 while the maximum of 175.34 percent was recorded in 1996.
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Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
Related indicators | Latest | 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 | 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 | 2.98 | 5/2024 | billion |