Aruba
Description of Aruba
Aruba, a small island nation located in the southern Caribbean Sea, is a unique and vibrant country with a rich cultural heritage and breathtaking natural beauty. Known for its stunning white sandy beaches, crystal-clear turquoise waters, and year-round sunshine, Aruba is a popular destination for tourists seeking relaxation and adventure alike. Despite its small size, Aruba has established itself as a hub for international trade and tourism, contributing significantly to its economic growth and development. By delving into the intricate economic and geopolitical landscape of Aruba, we can gain valuable insights into the country's potential for further advancement and prosperity.
Population And Age Structure
- The total population of Aruba is 106,585, significantly below the average total population of
40,097,746, ranking 179th out of 194 countries.
- The percentage of the population ages 0-14 in Aruba is 17.35%, below the average of 27.34%, ranking
149th out of 194 countries.
- The total number of children ages 0-14 in Aruba is 18,494, much lower than the average of 10,327,380,
ranking 182nd out of 194 countries.
- The percentage of the population ages 15-64 in Aruba is 67.71%, above the average of 63.44%, ranking
41st out of 194 countries.
- The total number of individuals ages 15-64 in Aruba is 72,171, below the average of 26,003,407, ranking
178th out of 194 countries.
- The percentage of the population ages 65 and above in Aruba is 14.94%, above the average of 9.22%,
ranking 47th out of 194 countries.
- The total number of individuals ages 65 and above in Aruba is 15,921, significantly above the average of
3,766,959, ranking 174th out of 194 countries.
Summary
Aruba's population demographics indicate a smaller total population with a higher percentage of working-age individuals compared to the global average. This could signify a potential demographic dividend for Aruba, as a higher proportion of the population falls within the productive age range, which may lead to increased economic growth and development opportunities. However, Aruba also has a higher percentage of elderly individuals compared to the global average, which could pose challenges for the healthcare and pension systems in the future.
Population Miscellaneous
Aruba's rural population of 60,011 is significantly below the average of 18,044,041. Aruba ranks 174th out of 190 countries in this category.
The percentage of Aruba's total population living in rural areas is 56.303%, above the average of 41.158%. Aruba ranks 55th out of 190 countries in this aspect.
Aruba's urban population of 46,574 is well below the average of 22,425,747. Aruba ranks 180th out of 194 countries in urban population.
The percentage of Aruba's total population living in urban areas is 43.697%, below the average of 59.691%. Aruba ranks 140th out of 194 countries in this regard.
Aruba's age dependency ratio is 47.685%, lower than the average of 59.219%. Aruba ranks 154th out of 194 countries in this ratio.
The crude birth rate in Aruba is 8.102 per 1,000 people, significantly below the average of 19.384. Aruba ranks 185th out of 192 countries in this metric.
The crude death rate in Aruba is 9.69 per 1,000 people, slightly above the average of 8.214. Aruba ranks 47th out of 192 countries in this category.
Aruba's total fertility rate of 1.325 births per woman is below the average of 2.603. Aruba ranks 181st out of 190 countries in terms of fertility rate.
Summary
Aruba stands out with a rural population considerably below the global average and a higher proportion of its total population residing in rural areas. The country also has a lower urban population compared to the average and a lower percentage of its population living in urban areas. Additionally, Aruba exhibits a lower age dependency ratio and fertility rate but a slightly higher crude death rate. These indicators are crucial as they reflect the demographic composition, development level, and healthcare dynamics of Aruba, highlighting both its challenges and strengths in comparison to global standards.
Natural Resources
Aruba has a forest area of 4.2 sq. km, which is significantly below the average of 211606.11 sq. km, ranking 190th out of 191 countries in the dataset.
Aruba's land area is 180 sq. km, much smaller than the average of 665166.51 sq. km, placing it at 188th out of 194 countries.
The surface area of Aruba is also 180 sq. km, far less than the average of 689779.56 sq. km, ranking 188th out of 194 countries.
Aruba's arable land covers 2000 hectares, well below the average of 7329543.16 hectares, positioning it at 179th out of 190 countries.
Summary
Aruba possesses limited forest area, land area, surface area, and arable land compared to global averages, placing it in the lower ranks among countries worldwide. These statistics are crucial as they highlight Aruba's constrained natural resource endowment, which could impact its agricultural productivity, environmental sustainability, and overall land use planning compared to countries with larger land and resource availability.
Resource Rents
Total natural resources rents (% of GDP): Aruba's value for this attribute is 0.003, well below the average of 4.63%. With a rank of 170 out of 175 countries, Aruba ranks towards the bottom in this aspect.
Forest rents (% of GDP): Aruba's value for forest rents is also 0.003, significantly lower than the average of 1.53%. With a rank of 160 out of 174 countries, Aruba falls below the average in this category as well.
Summary
Aruba's low values for both total natural resources rents and forest rents, along with its low rankings compared to other countries, indicate that the country is not effectively utilizing its natural resources for economic gain. This could hinder Aruba's economic development and sustainability in the long run, as a lack of income generated from natural resources could limit investments in other sectors, infrastructure, and social programs.
Commodities
1. Aruba's Aquaculture production of 1.5 metric tons is significantly below the average of 679,642.92 metric tons, ranking 177 out of 180 countries.
2. In terms of Capture fisheries production, Aruba's 160 metric tons is slightly below the average of 467,453.06 metric tons, placing Aruba at rank 182 out of 190 countries.
3. Aruba's Total fisheries production of 161.5 metric tons is well below the average of 1,153,914.85 metric tons, ranking 181 out of 182 countries.
4. Aruba's Fertilizer consumption of 0.7 kilograms per hectare of arable land is significantly below the average of 159.04 kilograms per hectare, placing Aruba at rank 181 out of 187 countries.
Summary
Aruba's low aquaculture, capture fisheries, total fisheries production, and fertilizer consumption indicate a significant underperformance compared to the global averages and rankings. These indicators are crucial as they highlight Aruba's limited capacity in food production and agricultural development, raising concerns about food security, economic diversification, and sustainability of natural resources in the country.
Intellectual Property
- Charges for the use of intellectual property, payments in Aruba amount to $10,210,598.31. This is significantly below the average of $3,218,843,494.39, placing Aruba at a rank of 101 out of 143 countries in the dataset.
- Aruba receives $153,605.37 from charges for the use of intellectual property, which is considerably lower than the average of $3,191,687,117.58. This places Aruba at a rank of 102 out of 122 countries in the dataset.
Summary
Aruba's low charges for the use of intellectual property, amounting to $10,210,598.31 and $153,605.37, place it at ranks 101 and 102 out of 143 and 122 countries respectively. These figures indicate a significant gap between Aruba's income from intellectual property compared to the global average. This suggests a potential lack of innovation, limited investment in research and development, or underutilization of intellectual property assets in Aruba's economy, which could hinder its competitiveness and economic growth in the long term.
Broad Economy Attributes
GDP (current US$): Aruba's GDP is $2,558,906,303.88, which is significantly below the average GDP of $442,870,224,838.68. Aruba ranks 162 out of 189 countries in this statistic.
GDP, PPP (current international $): Aruba's GDP, PPP is $3,290,669,773.57, also notably lower than the average GDP, PPP of $734,141,122,350.78. Aruba ranks 162 out of 181 countries in this category.
GDP per capita (current US$): Aruba's GDP per capita is $24,008.13, higher than the average GDP per capita of $15,462.11. Aruba ranks 37 out of 190 countries in this metric.
GDP per capita, PPP (current international $): Aruba's GDP per capita, PPP is $30,873.67, which surpasses the average GDP per capita, PPP of $21,251.89. Aruba ranks 45 out of 181 countries in this aspect.
GNI (current US$): Aruba's GNI is $2,490,732,720.32, significantly lower than the average GNI of $452,040,815,370.70. Aruba ranks 159 out of 185 countries in this measure.
GNI, PPP (current international $): Aruba's GNI, PPP is $3,203,000,775.91, notably below the average GNI, PPP of $730,698,223,823.47. Aruba ranks 162 out of 181 countries in this specific metric.
GNI per capita, PPP (current international $): Aruba's GNI per capita, PPP is $30,050, higher than the average GNI per capita, PPP of $20,615.75. Aruba ranks 46 out of 181 countries in this particular category.
Summary
Aruba's macroeconomic indicators, such as GDP, GDP per capita, and GNI, tend to be significantly below the global averages across various measures. Despite this, Aruba demonstrates a relatively higher GDP per capita and GNI per capita in comparison to the average figures. These statistics are crucial as they provide insights into Aruba's economic performance, standard of living, and overall economic well-being compared to other countries.
Money
1. Inflation, GDP deflator (annual %): Aruba has a negative inflation rate of -0.87%, which is significantly below the average of 6.90%. This places Aruba at a rank of 155 out of 188 countries in the dataset.
2. Broad money growth (annual %): Aruba's broad money growth stands at 4.99%, below the average of 18.03%. Aruba ranks 119 out of 139 countries in this aspect.
3. Broad money (% of GDP): Aruba's broad money as a percentage of GDP is 104.74%, which is above the average of 71.75%. This places Aruba at a rank of 26 out of 139 countries.
4. Broad money to total reserves ratio: Aruba has a ratio of 2.21, below the average of 5.17. This positions Aruba at rank 86 out of 126 countries in the dataset.
Summary
Aruba's macroeconomic indicators reveal a mix of performance compared to global averages. The country experiences low inflation, moderate broad money growth, high broad money as a percentage of GDP, and a below-average ratio of broad money to total reserves. These indicators are crucial as they reflect Aruba's economic stability, monetary policy effectiveness, and financial resilience in the global market.
Consumption Expenditure
Final consumption expenditure (current US$): Aruba's value for this attribute is significantly below the average of $381,630,252,515.38, ranking 144th out of 159 countries in the dataset.
Final consumption expenditure (% of GDP): Aruba's value of 90.81% is above the average of 82.37%, positioning it as the 40th country out of 159 in the dataset.
General government final consumption expenditure (current US$): Aruba's expenditure of $702,832,637.35 is notably below the average of $93,676,578,238.03, placing it at the 139th rank out of 158 countries.
General government final consumption expenditure (% of GDP): Aruba's expenditure accounts for 27.47% of its GDP, higher than the average of 18.71%. This places Aruba at the 13th rank out of 158 countries.
Household and NPISHs Final consumption expenditure (current US$): Aruba's expenditure of $1,620,999,213.42 is significantly below the average of $290,127,571,157.69, ranking 143rd out of 158 countries.
Households and NPISHs final consumption expenditure (% of GDP): With a value of 63.35%, Aruba's expenditure is slightly below the average of 63.68%, positioning it as the 75th country out of 158 in the dataset.
Summary
In summary, Aruba exhibits a pattern of below-average final consumption expenditure across various categories including overall, general government, and households/NPISHs expenditure, as well as their respective percentages of GDP. Despite the lower expenditure levels, Aruba's higher-than-average percentages of GDP spent by the general government indicate a relatively robust public sector contribution to the economy.
These findings are important as they suggest that Aruba may have limitations in domestic consumption and economic activity compared to other countries in the dataset. The higher proportion of GDP spent by the general government could imply a significant role in driving economic growth and stability, potentially compensating for lower private sector spending.
Investment
Aruba's net foreign direct investment is -$141,023,762.025, which is above the average of -$1,615,235,980.505, ranking 66 out of 169 countries. The country receives more net foreign direct investment than average.
Aruba's net inflows of foreign direct investment stand at $161,066,979.086, below the average of $5,749,271,080.146, ranking 118 out of 182 countries. The country receives significantly less net inflows than the average.
Foreign direct investment inflows as a percentage of Aruba's GDP are 6.29%, higher than the average of 2.61%. Aruba ranks 26 out of 178 countries. The country attracts a high percentage of FDI compared to its GDP.
Aruba's net outflows of foreign direct investment amount to $20,043,217.061, lower than the average of $5,707,991,116.069, ranking 90 out of 156 countries. The country has lower outflows of FDI compared to most countries.
Foreign direct investment outflows as a percentage of Aruba's GDP are 0.78%, below the average of 1.00%. Aruba ranks 38 out of 155 countries. The country has relatively lower outflows of FDI concerning its GDP.
Aruba's net portfolio investment is -$190,809,686.257, ranking 110 out of 159 countries, below the average of $679,559,169.572. The country has lower net portfolio investments compared to the average.
Aruba's net portfolio equity inflows are -$40,964.469, ranking 66 out of 125 countries, significantly lower than the average of $9,197,145,994.702. The country receives substantially less net portfolio equity compared to the average.
Summary
Aruba attracts more net foreign direct investment than the global average, indicating investor confidence in the country's economy. However, it receives significantly less net inflows of foreign direct investment compared to the average. Despite this, Aruba attracts a high percentage of FDI relative to its GDP, which demonstrates its ability to leverage foreign investment efficiently. The country also has lower outflows of both foreign direct investment and portfolio investments compared to global averages, suggesting a more stable economic environment.
These findings are crucial as they highlight Aruba's position in the global economy and its attractiveness to foreign investors. The higher percentage of FDI to GDP signifies potential for economic growth and development through external funding. Moreover, the lower outflows of investments suggest a lower risk of capital flight and greater stability in Aruba's financial markets, which can enhance long-term economic sustainability and resilience.
Broad Trade Attributes
Aruba's Trade (% of GDP) is 124.16%, which is above the average of 82.34%. Aruba ranks 24th out of 163 countries in this attribute.
Aruba's Merchandise trade (% of GDP) is 37.13%, below the average of 60.01%. Aruba ranks 144th out of 186 countries in this attribute.
Aruba's Trade in services (% of GDP) is 83.55%, well above the average of 24.63%. Aruba ranks 7th out of 171 countries in this attribute.
Aruba's External balance on goods and services (current US$) is -345,676,353.10, significantly below the average of 3,405,509,011.13. Aruba ranks 88th out of 163 countries in this attribute.
Aruba's External balance on goods and services (% of GDP) is -13.51%, also below the average of -5.97%. Aruba ranks 123rd out of 163 countries in this attribute.
Summary
Aruba showcases mixed performance in key macroeconomic indicators. While it excels in Trade (% of GDP) and Trade in Services (% of GDP), ranking 24th and 7th respectively, it lags in Merchandise Trade (% of GDP) and External Balance on Goods and Services. These findings are crucial as they suggest that Aruba heavily relies on services for its trade balance, which could be a vulnerability in times of global economic downturn impacting service sectors.
Net Trade
Aruba's current account balance in US dollars is significantly below the average of $1.44 billion, ranking 94th out of 170 countries. The current account balance as a percentage of GDP for Aruba is also below average at -12.37%, placing it at 149th out of 170 countries.
Aruba's net trade in goods and services is below average at -$200.49 million, ranking 78th out of 171 countries. The country's net primary income is above average at -$68.20 million, placing it at 59th out of 170 countries.
Aruba's net secondary income is above average at -$47.77 million, ranking 123rd out of 170 countries. The net trade in goods for Aruba is significantly below the average of $1.30 billion, placing it at 100th out of 171 countries.
The net capital account for Aruba is also below average at $12.03 million, ranking 105th out of 159 countries. Lastly, Aruba's net financial account is above average at -$316.50 million, placing it at 94th out of 170 countries.
Summary
Aruba's current account balance, net trade in goods and services, and net secondary income are below average, indicating a trade deficit and financial outflows. However, the country's net primary income is above average. Aruba's performance in these key macroeconomic indicators suggests a reliance on primary income sources and a need to address trade imbalances to improve its overall economic stability and sustainability.
Broad Export Attributes
1. Aruba's Exports of goods, services and primary income amount to $1,521,367,981.31, which is below the average of $146,238,908,936.30. Aruba ranks 143 out of 170 countries in this attribute.
2. Aruba's Exports of goods and services stand at $1,443,955,667.64, lower than the average of $122,938,540,059.78. Aruba ranks 141 out of 170 countries for this statistic.
3. Aruba's Exports of goods and services (current US$) are $1,415,761,245.00, below the average of $129,596,864,610.19. Aruba holds the 132nd position out of 163 countries in this category.
4. In terms of Exports of goods and services (% of GDP), Aruba's percentage is 55.33%, surpassing the average of 38.19%. Aruba is ranked 30th out of 163 countries for this metric.
5. Aruba's Goods exports amount to $87,331,576.42, which falls short of the average of $93,310,581,697.39. Aruba holds the 157th spot out of 171 countries in this attribute.
6. Aruba's International tourism receipts account for 74.59% of total exports, significantly exceeding the average of 9.74%. Aruba is ranked 2nd out of 120 countries in this aspect.
7. Aruba's ICT goods exports as a percentage of total goods exports is 1.01%, lower than the average of 3.81%. Aruba ranks 63rd out of 142 countries in this particular category.
Summary
Aruba's export performance shows a mixed picture compared to global averages and rankings. While the country excels in international tourism receipts, with a high percentage of total exports, it lags behind in goods exports and ICT goods exports. The high reliance on tourism as a primary export driver signifies both a strength in the sector but also a vulnerability to external shocks impacting tourism demand.
Merchandise Exports
Aruba has a Merchandise exports (current US$) value of $87,000,000. This is significantly below the average of $89,542,711,229.95, placing Aruba at rank 171 out of 187 countries in this category.
The Agricultural raw materials exports (% of merchandise exports) for Aruba is 0.07%, which is much lower than the average of 2.97%. Aruba ranks 136 out of 151 countries in this aspect.
Aruba's Food exports (% of merchandise exports) account for 50.25%, well above the average of 24.06%. This places Aruba at rank 25 out of 152 countries.
Regarding Fuel exports (% of merchandise exports), Aruba has a value of 0.05%, significantly lower than the average of 13.70%. Aruba ranks 130 out of 147 countries in this regard.
Aruba's Ores and metals exports (% of merchandise exports) stand at 4.16%, which is below the average of 9.10%. Aruba ranks 65 out of 152 countries.
Merchandise exports by the reporting economy, residual (% of total merchandise exports) for Aruba is 11.51%, considerably higher than the average of 3.20%. Aruba ranks 11 out of 166 countries in this category.
Summary
Aruba's merchandise exports fall below average in most categories, with particularly low values in Agricultural raw materials and Fuel exports. However, the country excels in Food exports, surpassing the average significantly. Despite its lower rankings in some aspects, Aruba's high residual percentage in total merchandise exports indicates a diversified export profile, which can enhance economic stability and resilience against market fluctuations.
Technology Exports
Aruba's Manufactures exports account for 40.15% of its merchandise exports, slightly below the average of 42.62%. The country ranks 77th out of 152 countries in this attribute data.
Aruba's High-technology exports total $1,788,242, significantly below the average of $16,655,934,078.80. The country ranks 131st out of 151 countries in this category.
Aruba's High-technology exports contribute to 6.76% of its manufactured exports, lower than the average of 10.15%. The country ranks 76th out of 150 countries in this attribute data.
Summary
Aruba's manufacturing sector heavily relies on traditional goods, with manufactures exports comprising 40.15% of total merchandise exports, below the global average. The country also lags in high-technology exports, ranking significantly lower than the average export value and contribution percentage. These indicators highlight Aruba's need to diversify its economy and invest in high-tech industries to enhance competitiveness in the global market and drive sustainable economic growth.
Service Exports
Aruba's service exports amount to $1.36 billion, significantly below the average of $28.92 billion, ranking 100th out of 171 countries.
Aruba's ICT service exports stand at $7.22 million, well below the average of $4.58 billion, ranking 144th out of 166 countries.
Aruba's ICT service exports as a percentage of total service exports is 0.53%, much lower than the average of 11.75%, placing it at 161st out of 166 countries.
Aruba's share of communications, computer, etc., in service exports is 13.30%, significantly lower than the average of 45.85%, ranking 155th out of 169 countries.
Transport services account for 3.82% of Aruba's service exports, far below the average of 21.80%, positioning it at 150th out of 169 countries.
Travel services make up a substantial 79.47% of Aruba's service exports, which is notably higher than the average of 26.40%, securing a strong 5th rank out of 167 countries.
Aruba's insurance and financial services in service exports constitute 3.42%, below the average of 6.46%, placing it at 82nd out of 161 countries.
Summary
Aruba's service exports show a significant reliance on travel services, accounting for 79.47% of total service exports, far above the global average. However, the country lags behind in ICT service exports, with low percentages in both total ICT service exports and in ICT services as a percentage of total service exports.
These findings are important as they highlight Aruba's reliance on a single sector, travel services, for a large portion of its service exports. Diversifying into other sectors, particularly ICT services, could help Aruba reduce its dependence on a single industry and potentially enhance its economic resilience and growth prospects in the long term.
Commercial Service Exports
Aruba's commercial service exports amount to $1.33 billion, ranking 99th out of 171 countries in the dataset. This value is significantly below the average of $28.51 billion.
Travel services contribute significantly to Aruba's commercial service exports, accounting for 81.20% of the total. Aruba ranks 6th out of 167 countries in this aspect, far above the average of 27.89%.
Aruba's computer, communications, and other services make up 11.42% of its commercial service exports, placing it at 152nd out of 169 countries. This percentage is notably lower than the average of 42.44%.
Insurance and financial services constitute only 3.49% of Aruba's commercial service exports, positioning it at the 84th rank out of 161 countries. This figure falls below the average of 6.97%.
Transport services represent 3.90% of Aruba's commercial service exports, ranking 152nd out of 169 countries. This percentage is well below the average of 23.37%.
Summary
Aruba's commercial service exports heavily rely on travel services, constituting a significant 81.20% of the total exports, far exceeding the global average. Conversely, the country lags behind in other services like computer, communications, insurance, and financial services, presenting an opportunity for diversification and growth in these sectors to reduce dependency on a single service category.
Broad Import Attributes
1. Aruba's imports of goods and services (current US$) amount to $1.76 billion, which is significantly below the average of $126.19 billion. Aruba ranks 138th out of 163 countries in this category.
2. Imports of goods and services (% of GDP) in Aruba stand at 68.84%, surpassing the average of 44.15%. Aruba is ranked 21st out of 163 countries based on this metric.
3. Aruba's international tourism expenditures (% of total imports) are notably high at 18.85%, compared to the average of 3.98%. Aruba ranks 2nd out of 131 countries in this aspect.
4. The percentage of ICT goods imports in Aruba is 5.40%, lower than the average of 6.85%. Aruba holds the 68th rank out of 143 countries in this regard.
5. Aruba's goods imports (BoP, current US$) total $863.18 million, falling below the average of $92.01 billion. Aruba is ranked 151st out of 171 countries in this category.
6. Aruba's imports of goods and services (BoP, current US$) are $1.64 billion, significantly lower than the average of $120.32 billion. Aruba ranks 147th out of 170 countries in this aspect.
7. The imports of goods, services, and primary income (BoP, current US$) in Aruba amount to $1.79 billion, comparatively lower than the average of $144.51 billion. Aruba holds the 147th rank out of 170 countries in this category.
Summary
Aruba consistently shows below-average figures in various import-related indicators such as total imports of goods and services, goods imports, and imports of ICT goods. However, the country stands out in international tourism expenditures, where it surpasses the average by a significant margin. These statistics are crucial as they highlight Aruba's heavy reliance on tourism for import spending, which could pose risks to its economy if there are disruptions in the tourism sector.
Merchandise Imports
Aruba's merchandise imports amount to $863 million, ranking 165th out of 190 countries. This value is significantly below the average merchandise imports of $89.39 billion.
Manufactures imports account for 62.56% of Aruba's merchandise imports, placing it at the 108th position out of 152 countries. This percentage is slightly below the average of 66.76%.
Aruba's agricultural raw materials imports constitute 0.34% of its merchandise imports, ranking 143rd out of 152 countries. This percentage is notably lower than the average of 1.27%.
Food imports represent 30.61% of Aruba's merchandise imports, securing the 9th spot out of 152 countries. This percentage is significantly higher than the average of 15.89%.
Aruba's fuel imports constitute 4.85% of its merchandise imports, ranking 135th out of 152 countries. This percentage is below the average of 11.38%.
Ores and metals imports make up 1.04% of Aruba's merchandise imports, placing it at the 114th position out of 152 countries. This percentage is below the average of 2.57%.
The residual merchandise imports by the reporting economy in Aruba amount to 0.20% of total merchandise imports, ranking 107th out of 180 countries. This value is notably lower than the average of 2.51%.
Summary
Aruba relies heavily on food imports, with 30.61% of its merchandise imports being food, which is significantly higher than the global average of 15.89%. On the other hand, its imports of agricultural raw materials are quite low at 0.34%, notably lower than the average. These findings highlight Aruba's vulnerability in ensuring food security and the need for diversification in its import sources to reduce dependency on a few key products.
Service Imports
Service imports (BoP, current US$): Aruba's service imports amount to $781,263,374.95. This is below the average of $27,615,356,170.47. Aruba ranks 130 out of 171 countries in this attribute.
Communications, computer, etc. (% of service imports, BoP): Aruba's percentage in this category is 47.26%, slightly above the average of 44.40%. Aruba ranks 80 out of 169 countries in this attribute.
Transport services (% of service imports, BoP): Aruba's percentage for transport services is 12.29%, well below the average of 32.90%. Aruba ranks 163 out of 169 countries in this attribute.
Travel services (% of service imports, BoP): Aruba's percentage for travel services is 35.94%, significantly above the average of 14.14%. Aruba ranks 8 out of 169 countries in this attribute.
Insurance and financial services (% of service imports, BoP): Aruba's percentage for insurance and financial services is 4.51%, below the average of 8.53%. Aruba ranks 107 out of 169 countries in this attribute.
Summary
Aruba has a relatively low total service imports compared to the average, ranking 130th out of 171 countries. However, it excels in travel services imports, ranking 8th globally, while lagging in transport services. The high percentage of travel services indicates a strong tourism sector, which can be crucial for Aruba's economic growth and stability.
Commercial Service Imports
Aruba's commercial service imports amount to $762,556,054.49, ranking 128th out of 171 countries. This value is significantly below the attribute average of $27,102,746,128.60.
Computer, communications, and other services account for 45.97% of Aruba's commercial service imports. This places Aruba at the 77th position out of 169 countries, with the percentage slightly above the attribute average of 41.71%.
Insurance and financial services make up 4.62% of Aruba's commercial service imports, ranking it 111th out of 169 countries. Aruba's proportion is below the attribute average of 8.85%.
Transport services contribute 12.59% to Aruba's commercial service imports, placing it at the 163rd rank out of 169 countries. This percentage is substantially lower than the attribute average of 34.71%.
Travel services represent a significant portion, 36.82%, of Aruba's commercial service imports, ranking 9th out of 169 countries. This is well above the attribute average of 14.73%.
Summary
Aruba's commercial service imports are relatively low compared to the global average, with a notable emphasis on travel services which account for a significant portion of its imports. The country's reliance on travel services as a key import category signifies the importance of tourism to its economy and highlights the potential vulnerability to external factors affecting the tourism industry.
Infrastructure
Aruba's container port traffic stands at 53,171 TEUs (20-foot equivalent units), significantly below the attribute average of 6,907,110 TEUs. Aruba ranks 106 out of 110 countries in this category.
Summary
Aruba's container port traffic at 53,171 TEUs is substantially lower than the global average of 6,907,110 TEUs, positioning the country at 106 out of 110 countries in this indicator. This low level of container port traffic can indicate limited trade activity and connectivity, potentially hindering economic growth, foreign investment, and integration into global supply chains.
Information Technology Infrastructure
Aruba has 169 secure internet servers, well below the attribute average of 458,294. Aruba is ranked 151 out of 193 countries in this metric. The country's 1585.59 secure internet servers per 1 million people is significantly lower than the average of 14,067.17. Aruba ranks 70 out of 193 countries in this aspect. With 19,000 fixed broadband subscriptions, Aruba falls far short of the average of 6,591,956.35 subscriptions. Aruba's rank of 155 out of 185 countries reflects this. Additionally, Aruba's 141,000 mobile cellular subscriptions are significantly below the average of 42,526,463.87 subscriptions, placing the country at rank 177 out of 193 countries.
Summary
Aruba lags behind global averages in key technology indicators such as secure internet servers, fixed broadband subscriptions, and mobile cellular subscriptions. This is significant as access to secure internet servers and broadband is crucial for economic development, innovation, and competitiveness in the digital age. The low penetration of these technologies in Aruba could hinder its ability to fully participate in the global digital economy and limit opportunities for growth and modernization.
Energy Consumption
Aruba's renewable energy consumption is at 8.67%, significantly below the global average of 32.18%. This places Aruba at a rank of 149 out of 191 countries in the dataset.
Summary
Aruba's renewable energy consumption rate of 8.67% is considerably lower than the global average of 32.18%, positioning the country at the 149th place out of 191 countries analyzed. This indicates a significant gap in Aruba's transition towards sustainable energy sources compared to the rest of the world, potentially hindering its long-term environmental and economic sustainability goals.
Government Balance Sheet
Aruba's reserves and related items (BoP, current US$) are significantly below the attribute average, ranking 68th out of 171 countries. Total reserves minus gold (current US$) for Aruba are also notably lower than the average, with a rank of 124 out of 161 countries in the data set. In terms of total reserves (includes gold, current US$), Aruba's value falls well below the average, ranking 122nd out of 161 countries. Aruba's total reserves in months of imports, at 8.13, exceed the attribute average, placing the country in 45th position out of 151 countries.
Summary
Aruba's reserves and related items, including total reserves minus gold and total reserves, are significantly below the global average according to the data, whereas its total reserves in months of imports exceed the average. These findings are important as they indicate that Aruba may face challenges in terms of financial stability and liquidity compared to other countries. It suggests a potential vulnerability to external shocks and a need for careful management of its financial resources to ensure stability and economic resilience.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| General government final consumption expenditure (% of GDP) | 13/158 |
| Trade in services (% of GDP) | 7/171 |
| International tourism, receipts (% of total exports) | 2/120 |
| Merchandise exports by the reporting economy, residual (% of total merchandise exports) | 11/166 |
| Travel services (% of service exports, BoP) | 5/167 |
| Travel services (% of commercial service exports) | 6/167 |
| International tourism, expenditures (% of total imports) | 2/131 |
| Food imports (% of merchandise imports) | 9/152 |
| Travel services (% of service imports, BoP) | 8/169 |
| Travel services (% of commercial service imports) | 9/169 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 179/194 |
| Population ages 0-14, total | 182/194 |
| Population ages 15-64, total | 178/194 |
| Rural population | 174/190 |
| Urban population | 180/194 |
| Birth rate, crude (per 1,000 people) | 185/192 |
| Fertility rate, total (births per woman) | 181/190 |
| Forest area (sq. km) | 190/191 |
| Land area (sq. km) | 188/194 |
| Surface area (sq. km) | 188/194 |
| Arable land (hectares) | 179/190 |
| Total natural resources rents (% of GDP) | 170/175 |
| Forest rents (% of GDP) | 160/174 |
| Aquaculture production (metric tons) | 177/180 |
| Capture fisheries production (metric tons) | 182/190 |
| Total fisheries production (metric tons) | 181/182 |
| Fertilizer consumption (kilograms per hectare of arable land) | 181/187 |
| Final consumption expenditure (current US$) | 144/159 |
| Household and NPISHs Final consumption expenditure (current US$) | 143/158 |
| Goods exports (BoP, current US$) | 157/171 |
| Merchandise exports (current US$) | 171/187 |
| Agricultural raw materials exports (% of merchandise exports) | 136/151 |
| ICT service exports (% of service exports, BoP) | 161/166 |
| Communications, computer, etc. (% of service exports, BoP) | 155/169 |
| Agricultural raw materials imports (% of merchandise imports) | 143/152 |
| Transport services (% of service imports, BoP) | 163/169 |
| Transport services (% of commercial service imports) | 163/169 |
| Container port traffic (TEU: 20 foot equivalent units) | 106/110 |
| Mobile cellular subscriptions | 177/193 |