Insurance and financial services in Aruba
Aruba: Insurance and financial services was 1.4% in 2023. ◆ Volatile
Insurance and financial services in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2023, insurance and financial services in Aruba stood at 1.4%.
That represents a change of up 10.2% on the previous year and up 77.6% over ten years.
Over the whole period, insurance and financial services in Aruba peaked at 4.1% in 1992 and was at its lowest, 0.2%, in 2001.
Aruba ranks 132nd of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Aruba, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1986 | 0.3% | — |
| 1987 | 0.3% | -11.7% |
| 1988 | 0.3% | +6.5% |
| 1989 | 0.4% | +30.2% |
| 1990 | 0.4% | -8.5% |
| 1991 | 3.3% | +797.3% |
| 1992 | 4.1% | +24.3% |
| 1993 | 3.7% | -11.5% |
| 1994 | 4.0% | +8.1% |
| 1995 | 3.5% | -11.6% |
| 1996 | 2.2% | -36.4% |
| 1997 | 0.6% | -71.4% |
| 1998 | 1.2% | +90.1% |
| 1999 | 0.2% | -85.6% |
| 2000 | 0.4% | +137.7% |
| 2001 | 0.2% | -60.7% |
| 2002 | 0.2% | +0.5% |
| 2003 | 0.2% | +33.6% |
| 2004 | 0.2% | +11.8% |
| 2005 | 0.3% | +24.2% |
| 2006 | 0.4% | +38.1% |
| 2007 | 0.5% | +10.0% |
| 2008 | 0.5% | +12.9% |
| 2009 | 0.9% | +70.8% |
| 2010 | 0.9% | +5.2% |
| 2011 | 1.0% | +4.7% |
| 2012 | 1.0% | -2.8% |
| 2013 | 0.8% | -20.2% |
| 2014 | 0.7% | -11.4% |
| 2015 | 0.8% | +26.1% |
| 2016 | 0.8% | -1.8% |
| 2017 | 0.8% | -9.0% |
| 2018 | 1.2% | +55.1% |
| 2019 | 1.0% | -10.8% |
| 2020 | 3.5% | +232.6% |
| 2021 | 1.9% | -44.9% |
| 2022 | 1.2% | -36.3% |
| 2023 | 1.4% | +10.2% |
Aruba compared with similar countries
- Aruba's 1.4% is below the median for high income countries, which is 5.3%, 26% of the median. (69 countries reporting)
- Aruba's 1.4% is below the median for Latin America & Caribbean, which is 2.7%, 50% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +797.3% | 0.4% | 3.3% |
| 2020 | +232.6% | 1.0% | 3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3% | 0.3% | 0.4% | 4 |
| 1990s | 2.3% | 0.2% | 4.1% | 10 |
| 2000s | 0.4% | 0.2% | 0.9% | 10 |
| 2010s | 0.9% | 0.7% | 1.2% | 10 |
| 2020s | 2.0% | 1.2% | 3.5% | 4 |
Countries ranked near Aruba
More private sector data for Aruba
- Merchandise trade 39.7% (2024)
- Food imports 30.7% (2023)
- Manufactures imports 61.5% (2023)
- Merchandise imports 1.60 billion current US$ (2025)
- Food exports 67.3% (2023)
- Manufactures exports 21.9% (2023)
- Merchandise exports 216.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,986 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0391 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 32.52 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Aruba?
- Insurance and financial services in Aruba was 1.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Aruba?
- The highest recorded value was 4.1% in 1992.
- What is the lowest insurance and financial services recorded in Aruba?
- The lowest recorded value was 0.2% in 2001.
- How does Aruba rank for insurance and financial services?
- Aruba ranks 132nd out of 190 countries with data for 2023.
- Is insurance and financial services rising or falling in Aruba?
- Over the last ten years it is up 77.6%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.