Aruba's total reserves in months of imports was 5.82 in 2023, the latest year in the World Bank's World Development Indicators. That is up 83.05% from 3.18 in 2013 (6.23% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.82 | 2023 |
| Five years earlier | 4.62 | 2018 |
| Ten years earlier | 3.18 | 2013 |
| Highest | 8.61 | 2021 |
| Lowest | 0.7 | 2005 |
| Average since 2014 | 5.64 | 2014–2023 |
| First recorded | 4.93 | 1986 |
What the numbers say
In 2023, Aruba's total reserves in months of imports fell 16.5% on 2022 (from 6.98 to 5.82).
Across the 30 yearly changes before that (1993 to 2022), the average change was +14% and a typical year strayed about 45.1% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 159.9% in 2012 and the biggest yearly fall was 68.8% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 0.42 a year. A straight line explains 54% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Aruba | 5.82 | 2023 |
| World | 8.62 | 2025 |
| Latin America & Caribbean | 6.62 | 2025 |
| High income | 7.91 | 2025 |
Closest to Aruba in the 2023 ranking
- Libya — 1st of 9: 31.57
- Lebanon — 2nd of 9: 13.6
- Comoros — 3rd of 9: 7.61
- Hong Kong SAR, China — 5th of 9: 5.69
- Congo, Dem. Rep. — 6th of 9: 1.69
- Guyana — 7th of 9: 0.85
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].
Regional and income-group figures are computed by the World Bank as a weighted average.
All 38 values
| Year | Total reserves in months of imports |
|---|---|
| 2023 | 5.82 |
| 2022 | 6.98 |
| 2021 | 8.61 |
| 2020 | 8.13 |
| 2019 | 4.74 |
| 2018 | 4.62 |
| 2017 | 4.8 |
| 2016 | 5.04 |
| 2015 | 4.24 |
| 2014 | 3.39 |
| 2013 |
Total reserves in months of imports in nearby economies
- Antigua and Barbuda — 3 (2025)
- Argentina — 4.03 (2025)
- Bahamas, The — 3.95 (2024)
- Barbados — 1.26 (2017)
- Belize — 3.49 (2025)
- Bolivia — 0.51 (2025)
- Brazil — 8.42 (2025)
- Chile — 4.22 (2025)
- Colombia — 7.27 (2025)
- Costa Rica — 4.66 (2025)
- Dominica
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
Questions people ask
- What is Aruba's total reserves in months of imports?
- 5.82 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1986?
- It is up 18.25% from 4.93 in 1986 (0.45% a year on average, compounded). The highest value was 8.61 in 2021 and the lowest 0.7 in 2005.
- Is the latest change in total reserves in months of imports unusual for Aruba?
- In 2023, Aruba's total reserves in months of imports fell 16.5% on 2022 (from 6.98 to 5.82). Across the 30 yearly changes before that (1993 to 2022), the average change was +14% and a typical year strayed about 45.1% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator FI.RES.TOTL.MO, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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