Aruba

Quick Facts

🇦🇼
Capital:
Oranjestad
Official Language(s):
Dutch, Papiamento
Currency:
Aruban florin (ƒ)
Population:
106,766

Overview

Aruba, officially the Country of Aruba, is a constituent island country within the Kingdom of the Netherlands, in the southern Caribbean Sea 29 kilometres (18 mi) north of the Venezuelan peninsula of Paraguaná and 80 kilometres (50 mi) northwest of Curaçao. In 1986, Aruba became a constituent country within the Kingdom of the Netherlands and acquired the formal name the Country of Aruba.

Institutional Framework

The strength of a country's institutions directly impacts its economic development and stability. Strong institutions reduce uncertainty, protect property rights, and enable efficient markets through:
  • Rule of law and contract enforcement
  • Control of corruption
  • Government effectiveness and regulatory quality

* Indicators normalized to 0-100 scale

Economic Structure

The composition of an economy reveals its strengths, vulnerabilities, and potential for growth. Understanding the balance between sectors (agriculture, industry, services) and their sophistication helps assess economic resilience and development opportunities.

Economic Health & Trade

Economic Scale & Power

An economy with $2,929,446,578.251B(2021) GDP, showing strong growth at 24.1%(2021). Upper-middle income economy with good development.

GDP Growth
24.1%(2021)
GDP PPP
$3,844,492,519.396

Economic Structure

Economic structure shows N/A in services, N/A in industry, and N/A in agriculture. Balanced economic structure.

Economic Health & Trade

Economic health indicators show N/A unemployment and N/A inflation. Trade profile with 70.7%(2021) exports and 76.3%(2021) imports as % of GDP.

Unemployment
N/A
Inflation
N/A
Exports/GDP
70.7%(2021)
Imports/GDP
76.3%(2021)

Innovation & Competitiveness

Innovation capacity determines a country's ability to compete in the global knowledge economy. Key indicators like R&D investment, patent applications, and high-tech exports reveal the potential for sustainable economic growth and value creation.

High-Tech Exports

4.8

% of manufactured exports

ICT Exports

0.7

% of total goods exports

Digital Adoption

N/A

% of population using internet

Mobile Connectivity

132.3

Subscriptions per 100 people

Manufacturing Value

N/A

% of GDP

International Position

A country's integration into global markets affects its economic opportunities and risks. Trade relationships, financial flows, and geographic advantages or constraints shape its development trajectory and resilience to external shocks.

Financial & Trade Geography

Trade Profile

Trade represents 147.02%(2021) of GDP, with a trade balance of -5.54%(2021).

FDI Inflows
4.56%(2021)
FDI Outflows
-0.17%(2021)

Financial Security

External Debt

N/A

Foreign Reserves

$1.51B(2021)(8.6 months of imports)

Supply Chain & Technology

Technology Trade

ICT Imports
4.23%(2021)
High-Tech Exports
4.82%(2021)

Economic Structure

Manufacturing
N/A
Services
N/A

Trade Agreements & Dependencies

Trade Agreements

No major trade agreements

Critical Dependencies

    Growth Trajectory

    Understanding growth patterns helps predict future economic performance and development challenges. Key factors include productivity trends, investment levels, and structural transformation progress, which together determine long-term prosperity potential.

    Growth Potential Indicators

    Human Capital

    Education and workforce development

    0.0/100

    Trade Position

    International trade and competitiveness

    30.8/100

    Economic Structure

    Sectoral balance and sophistication

    0.0/100

    Demographics & Human Capital

    Demographics are fundamental to understanding a country's economic potential and challenges. The population structure influences everything from labor force availability to social security systems and public spending priorities.

    Demographics

    Population Overview

    Total population of 107,700(2021) with -0.8%(2021) annual growth. Median age is N/A with fertility rate at 1.18 births/woman(2021).

    Life Expectancy
    74.626 years(2021)
    Birth Rate
    7.193 per 1,000(2021)

    Age Structure

    Working-age population (67.0%(2021)) with youth at 17.9%(2021) and elderly at 15.1%(2021). Total dependency ratio: 49.3%(2021).

    Young Dependency
    26.7%(2021)
    Old Dependency
    22.6%(2021)

    Gender & Migration

    Population is 52.8%(2021) female and 47.2%(2021) male, with sex ratio of 1.043 males/female(2021) at birth. Net migration: 503(2021).

    Male Mortality
    140.466/1,000(2021)
    Female Mortality
    70.365/1,000(2021)

    Development Indicators

    Urban population growing at -0.4%(2021) annually, with 56.1%(2021) in rural areas. Literacy rate: N/A.

    Urbanization
    43.9%(2021)
    Infant Mortality
    N/A

    Population Structure

    The population pyramid visualizes the age and gender distribution, revealing crucial insights about economic sustainability. A balanced pyramid with a strong working-age population (typically ages 15-64) indicates greater economic potential, as this group supports both the younger and older generations through:
    • Labor force participation and productivity
    • Tax contributions to support social services
    • Innovation and economic growth

    An aging population (top-heavy pyramid) or youth bulge (bottom-heavy) can create demographic pressures on social systems and economic stability.

    Source: World Bank Development Indicators

    Security Context

    Security considerations fundamentally affect economic development and investment attractiveness. Both geographic factors and military capabilities influence a country's stability and its ability to protect economic interests and maintain sustainable growth.

    Geographic & Resource Security

    Food & Agriculture

    Arable land comprises 11.1%(2021) of territory, with 11.1%(2021) total agricultural land. Cereal yield: N/A.

    Food Production Index
    N/A
    Cereal Production
    N/A

    Energy Security

    Net energy imports at N/A of consumption. Renewable energy makes up 100.0%(2021) of total. Electricity access: N/A.

    Resource Rents
    N/A

    Water Resources

    Fresh water resources of N/A per person. Annual precipitation: 2.333 mm(2021).

    Forest Area
    N/A

    Environmental Vulnerability

    N/A of population affected by climate disasters. Forest coverage at N/A providing natural buffer.

    Annual Rainfall
    2.333 mm(2021)

    Military & Security

    Military Capabilities

    Military expenditure at N/A of GDP. Armed forces personnel: N/A ( N/A of labor force).

    Arms Exports
    N/A
    Arms Imports
    N/A

    Strategic Status

    Military Alliances

    No major military alliances

    Nuclear Status

    Non-Nuclear State

    Security Environment

    Refugee population: 2,873(2021)Internally displaced: 3,441(2021)

    Strategic Geography

    Strategic Features