Aruba: Gross capital formation (% of GDP)

Key figures

What the numbers say

In 2024, Aruba's gross capital formation (% of GDP) rose 7.36 percentage points on 2023 (from 18.38% to 25.75%).

Across the 28 yearly changes before that (1996 to 2023), the average change was −0.46 percentage points and a typical year strayed about 2.2 percentage points from that (the standard deviation). This year's change was 3.6 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 7.36 percentage points in 2024 and the biggest yearly fall was 5.37 percentage points in 2000. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Aruba had the 16th highest value of the 37 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Aruba in the 2024 ranking

• Bahamas, The — 13th of 37: 26.81%
• Tonga — 14th of 37: 26.39%
• Vanuatu — 15th of 37: 26.09%
• Albania — 17th of 37: 24.95%
• Oman — 18th of 37: 24.85%
• Cuba — 19th of 37: 24.21%

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 30 values

Gross capital formation (% of GDP) in nearby economies

• Argentina — 16.11% (2025)
• Bahamas, The — 26.81% (2024)
• Belize — 19.79% (2024)
• Bolivia — 17.95% (2024)
• Brazil — 17.08% (2025)
• Chile — 24.06% (2025)
• Colombia — 16.72% (2025)
• Costa Rica — 15.78% (2025)
• Cuba — 24.21% (2024)
• Curaçao — 41.07% (2018)
• Dominican Republic

More economic policy & debt data for Aruba

• Adjusted savings, education expenditure (% of GNI) — 5.75% (2021)
• Adjusted savings, carbon dioxide damage (current US$) — US$57.5 million (2021)
• Adjusted savings, net forest depletion (current US$) — US$64,588 (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Foreign direct investment, net outflows (BoP, current US$) — US$18.18 million (2025)
• Foreign direct investment, net inflows (BoP, current US$) — US$71.08 million (2025)
• Total reserves, including gold (current US$) — US$2.23 billion (2025)
• Total reserves, excluding gold (current US$) — US$1.79 billion (2025)
• Foreign direct investment, net outflows (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Aruba's gross capital formation (% of GDP)?

25.75% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 5.39 percentage points from 31.13% in 1995. The highest value was 34.52% in 2006 and the lowest 18.38% in 2023.

How does Aruba rank?

16th highest of 37 economies with data for 2024.

Is the latest change in gross capital formation (% of GDP) unusual for Aruba?

In 2024, Aruba's gross capital formation (% of GDP) rose 7.36 percentage points on 2023 (from 18.38% to 25.75%). Across the 28 yearly changes before that (1996 to 2023), the average change was −0.46 percentage points and a typical year strayed about 2.2 percentage points from that (the standard deviation). This year's change was 3.6 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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