Gross domestic savings (% of GDP) in Aruba
Aruba: Gross domestic savings (% of GDP) was 33.0% in 2024. ▼ Falling
Gross domestic savings in Aruba, 1995–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Aruba stood at 33.0%. That is the highest value across all 30 years on record.
That represents a change of up 35.2% on the previous year and up 88.0% over ten years.
Over the whole period, gross domestic savings in Aruba peaked at 33.0% in 2024 and was at its lowest, 8.3%, in 2020.
Aruba ranks 36th of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Gross domestic savings (% of GDP) in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 29.6% | — |
| 1996 | 26.4% | -10.7% |
| 1997 | 26.6% | +0.6% |
| 1998 | 27.7% | +4.4% |
| 1999 | 26.2% | -5.4% |
| 2000 | 29.2% | +11.4% |
| 2001 | 25.6% | -12.3% |
| 2002 | 22.5% | -12.0% |
| 2003 | 21.5% | -4.3% |
| 2004 | 25.4% | +17.6% |
| 2005 | 24.3% | -4.3% |
| 2006 | 22.7% | -6.6% |
| 2007 | 21.9% | -3.4% |
| 2008 | 24.1% | +9.8% |
| 2009 | 17.9% | -25.5% |
| 2010 | 13.3% | -26.0% |
| 2011 | 12.5% | -5.8% |
| 2012 | 13.1% | +4.8% |
| 2013 | 15.2% | +16.5% |
| 2014 | 17.5% | +15.0% |
| 2015 | 21.7% | +23.7% |
| 2016 | 21.6% | -0.3% |
| 2017 | 21.1% | -2.4% |
| 2018 | 20.4% | -3.4% |
| 2019 | 18.1% | -11.3% |
| 2020 | 8.3% | -54.2% |
| 2021 | 15.4% | +85.6% |
| 2022 | 20.6% | +33.6% |
| 2023 | 24.4% | +18.5% |
| 2024 | 33.0% | +35.2% |
Aruba compared with similar countries
- Aruba's 33.0% is above the median for high income countries, which is 25.7%, 1.3× the median. (67 countries reporting)
- Aruba's 33.0% is above the median for Latin America & Caribbean, which is 16.3%, 2.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 |
|---|---|---|---|
| 2021 | +85.6% | 8.3% | 15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.3% | 26.2% | 29.6% | 5 |
| 2000s | 23.5% | 17.9% | 29.2% | 10 |
| 2010s | 17.5% | 12.5% | 21.7% | 10 |
| 2020s | 20.3% | 8.3% | 33.0% | 5 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Real gdp growth, annual growth rate -16.76 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Exports of goods and services (current US$), per capita 33,176 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.8597 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 19.75 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 64,094 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 9.8 % change on previous year (2024)
- Final consumption expenditure (current LCU), annual growth rate -1.38 % change on previous year (2024)
- Final consumption expenditure (current LCU), per unit of GDP 1.2 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic savings in Aruba?
- Gross domestic savings in Aruba was 33.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Aruba?
- The highest recorded value was 33.0% in 2024.
- What is the lowest gross domestic savings recorded in Aruba?
- The lowest recorded value was 8.3% in 2020.
- How does Aruba rank for gross domestic savings?
- Aruba ranks 36th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Aruba?
- Over the last ten years it is up 88.0%. The long-run trend across the full record is falling.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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.