Source: world bank Nominal/PPP
Summary:
Aruba GDP Per Capita expanded from 1986 to 2024, increasing from $0.41 to $4.27 .The compound annual growth rate (CAGR) averaged 6.36% over the period. The economy recorded its peak level in 2024 and its lowest level in 1986. Growth volatility remained high. The maximum drawdown reached 26.27%, indicating the largest cyclical decline from peak levels. The country experienced 3 recession episode(s) during the observed period.
Aruba Economic Phases (1986 - 2024)
From 1986 to 2024, Aruba economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1987–1995) indicating robust economic expansion
- High Growth (1997–1998) indicating robust economic expansion
- Expansion (2001–2003) indicating steady moderate growth
- Expansion (2005–2006) indicating steady moderate growth
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- Expansion (2016–2017) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1988 with an increase of 22.337%, while the largest decline was in 2020 at -26.152%.