Aruba: Gross domestic savings (% of GDP)

Key figures

What the numbers say

In 2024, Aruba's gross domestic savings (% of GDP) rose 8.58 percentage points on 2023 (from 24.38% to 32.96%).

Across the 28 yearly changes before that (1996 to 2023), the average change was −0.19 percentage points and a typical year strayed about 3.6 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 8.58 percentage points in 2024 and the biggest yearly fall was 9.8 percentage points in 2020. 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 7% 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 9th highest value of the 36 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

• Zambia — 5th of 36: 39.29%
• Panama — 6th of 36: 38.58%
• Kazakhstan — 7th of 36: 36.93%
• Kuwait — 9th of 36: 32.62%
• Faroe Islands — 10th of 36: 31.53%
• Iraq — 11th of 36: 31.41%

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.

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

All 30 values

Gross domestic savings (% of GDP) in nearby economies

• Argentina — 15.09% (2025)
• Bahamas, The — 22.79% (2024)
• Belize — 19.77% (2024)
• Bolivia — 13.84% (2024)
• Brazil — 17.43% (2025)
• Chile — 28.2% (2025)
• Colombia — 11.32% (2025)
• Costa Rica — 21.99% (2025)
• Cuba — -15.71% (2024)
• Curaçao — 12.29% (2018)
• Dominican Republic — 20.49% (2025)

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

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Questions people ask

What is Aruba's gross domestic savings (% of GDP)?

32.96% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 3.39 percentage points from 29.57% in 1995. The highest value was 32.96% in 2024 and the lowest 8.3% in 2020.

How does Aruba rank?

9th highest of 36 economies with data for 2024.

Is the latest change in gross domestic savings (% of GDP) unusual for Aruba?

In 2024, Aruba's gross domestic savings (% of GDP) rose 8.58 percentage points on 2023 (from 24.38% to 32.96%). Across the 28 yearly changes before that (1996 to 2023), the average change was −0.19 percentage points and a typical year strayed about 3.6 percentage points from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.GDS.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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