Constant GDP per capita for Aruba
NYGDPPCAPKDABW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,178.47
Year-over-Year Change
11.20%
Date Range
1/1/1986 - 1/1/2023
Summary
The Constant GDP per capita for Aruba measures the total economic output of Aruba divided by its population, adjusted for inflation. This metric is widely used by economists and policymakers to assess Aruba's economic development and living standards.
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
Constant GDP per capita is a key indicator of a country's economic performance and standard of living. It represents the average income or wealth within a population, providing insights into economic growth, productivity, and resource distribution.
Methodology
The data is calculated by the World Bank using national accounts and population estimates.
Historical Context
Constant GDP per capita is a valuable tool for comparing economic performance across countries and over time.
Key Facts
- Aruba's Constant GDP per capita was $34,642 in 2021.
- Aruba has seen steady economic growth, with Constant GDP per capita increasing by over 30% since 2000.
- Aruba's Constant GDP per capita is among the highest in the Caribbean region.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Aruba measures the total economic output of Aruba divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of a country's economic performance and standard of living, providing insights into economic growth, productivity, and resource distribution.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population estimates.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a valuable tool for comparing economic performance across countries and over time, informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Aruba (NYGDPPCAPKDABW), retrieved from FRED.