Gross Domestic Product Per Capita for Aruba
PCAGDPAWA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,984.79
Year-over-Year Change
32.17%
Date Range
1/1/1986 - 1/1/2023
Summary
The Gross Domestic Product (GDP) Per Capita for Aruba measures the total economic output of the country divided by its population. This metric provides insight into the standard of living and economic well-being of Aruba's residents.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a key indicator used by economists and policymakers to evaluate a country's economic performance and development. It offers a standardized measure of a nation's economic productivity that can be compared across countries and over time.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
GDP per capita is widely tracked as a signal of economic health and can inform policy decisions related to economic growth, social welfare, and standard of living.
Key Facts
- Aruba's GDP per capita was $24,789 in 2020.
- GDP per capita has grown by over 25% in Aruba since 2010.
- Aruba has one of the highest GDP per capita levels in the Caribbean region.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for Aruba measures the total economic output of the country divided by its population. It provides a standardized metric of economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used by economists, policymakers, and analysts to evaluate a country's economic performance and development. It offers insight into the standard of living and overall economic well-being of a nation's residents.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita is widely tracked as a signal of economic health and can inform policy decisions related to economic growth, social welfare, and standard of living.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
Related Trends
Bank's Net Interest Margin for Aruba
DDEI01AWA156NWDB
Value of Exports to Aruba from New Jersey
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Value of Exports to Aruba from Utah
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Number of Identified Exporters to Aruba from South Dakota
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Net migration for Aruba
SMPOPNETMABW
Number of Identified Exporters to Aruba from Delaware
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Aruba (PCAGDPAWA646NWDB), retrieved from FRED.