Domestic credit to private sector by banks in Aruba
Aruba: Domestic credit to private sector by banks was 58.0% in 2023. ▲ Rising
Domestic credit to private sector by banks in Aruba, 1986–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Aruba recorded 58.0% for domestic credit to private sector by banks in 2023.
That represents a change of down 4.0% on the previous year and down 1.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Aruba peaked at 82.4% in 2020 and was at its lowest, 39.4%, in 1987.
That places Aruba 56th out of 187 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 38 years of available data.
Domestic credit to private sector by banks in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 39.5% | — |
| 1987 | 39.4% | -0.1% |
| 1988 | 43.8% | +11.0% |
| 1989 | 43.4% | -1.0% |
| 1990 | 44.5% | +2.6% |
| 1991 | 44.2% | -0.6% |
| 1992 | 43.3% | -2.1% |
| 1993 | 40.9% | -5.5% |
| 1994 | 42.4% | +3.8% |
| 1995 | 43.1% | +1.5% |
| 1996 | 45.4% | +5.5% |
| 1997 | 43.2% | -4.8% |
| 1998 | 41.9% | -3.2% |
| 1999 | 44.6% | +6.6% |
| 2000 | 44.8% | +0.4% |
| 2001 | 46.6% | +4.0% |
| 2002 | 50.8% | +9.0% |
| 2003 | 55.0% | +8.3% |
| 2004 | 51.8% | -5.9% |
| 2005 | 54.1% | +4.4% |
| 2006 | 53.9% | -0.3% |
| 2007 | 51.7% | -4.0% |
| 2008 | 50.7% | -2.1% |
| 2009 | 55.9% | +10.3% |
| 2010 | 58.8% | +5.2% |
| 2011 | 56.3% | -4.3% |
| 2012 | 58.7% | +4.3% |
| 2013 | 59.2% | +0.8% |
| 2014 | 60.2% | +1.8% |
| 2015 | 56.6% | -6.0% |
| 2016 | 57.2% | +1.1% |
| 2017 | 57.2% | +0.0% |
| 2018 | 56.0% | -2.2% |
| 2019 | 59.6% | +6.6% |
| 2020 | 82.4% | +38.2% |
| 2021 | 68.4% | -17.0% |
| 2022 | 60.5% | -11.6% |
| 2023 | 58.0% | -4.0% |
Aruba compared with similar countries
- Aruba's 58.0% is below the median for high income countries, which is 64.3%, 90% of the median. (61 countries reporting)
- Aruba's 58.0% is above the median for Latin America & Caribbean, which is 42.9%, 1.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 2020 | +38.2% | 59.6% | 82.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 41.5% | 39.4% | 43.8% | 4 |
| 1990s | 43.4% | 40.9% | 45.4% | 10 |
| 2000s | 51.5% | 44.8% | 55.9% | 10 |
| 2010s | 58.0% | 56.0% | 60.2% | 10 |
| 2020s | 67.4% | 58.0% | 82.4% | 4 |
Countries ranked near Aruba
More financial sector data for Aruba
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.12 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.302 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 12,046 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 4.12 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 12,046 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 11.71 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 14,978 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 12.09 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 15,264 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -16.54 % change on previous year (2023)
Frequently asked questions
- What is domestic credit to private sector by banks in Aruba?
- Domestic credit to private sector by banks in Aruba was 58.0% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Aruba?
- The highest recorded value was 82.4% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Aruba?
- The lowest recorded value was 39.4% in 1987.
- How does Aruba rank for domestic credit to private sector by banks?
- Aruba ranks 56th out of 187 countries with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Aruba?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this Aruba data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.