Gross savings in Aruba
Aruba: Gross savings was 13.9% in 2023. ◆ Volatile
Gross savings in Aruba, 1995–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, gross savings in Aruba stood at 13.9%.
The figure is down 5.6% on the previous year and up 92.9% over ten years.
Over the whole period, gross savings in Aruba peaked at 31.0% in 1995 and was at its lowest, -1.7%, in 2005.
That places Aruba 139th out of 177 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Aruba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 31.0% | — |
| 1996 | 24.8% | -19.8% |
| 1997 | 24.3% | -2.1% |
| 1998 | 27.1% | +11.4% |
| 1999 | 20.7% | -23.8% |
| 2000 | 23.7% | +14.8% |
| 2001 | 19.2% | -19.1% |
| 2002 | 12.2% | -36.4% |
| 2003 | 14.6% | +20.0% |
| 2004 | 17.2% | +17.8% |
| 2005 | -1.7% | -109.6% |
| 2006 | 13.1% | -892.8% |
| 2007 | 2.9% | -77.7% |
| 2008 | 15.3% | +426.0% |
| 2009 | 11.2% | -27.2% |
| 2010 | 4.6% | -58.4% |
| 2011 | -1.2% | -126.7% |
| 2012 | 5.8% | -563.7% |
| 2013 | 7.2% | +25.2% |
| 2014 | 11.5% | +59.2% |
| 2015 | 15.3% | +33.2% |
| 2016 | 15.2% | -0.6% |
| 2017 | 13.6% | -10.5% |
| 2018 | 11.0% | -18.7% |
| 2019 | 11.2% | +1.0% |
| 2020 | 3.6% | -67.9% |
| 2021 | 9.0% | +150.7% |
| 2022 | 14.7% | +63.6% |
| 2023 | 13.9% | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.6% | 20.7% | 31.0% | 5 |
| 2000s | 12.8% | -1.7% | 23.7% | 10 |
| 2010s | 9.4% | -1.2% | 15.3% | 10 |
| 2020s | 10.3% | 3.6% | 14.7% | 4 |
Countries ranked near Aruba
More economy & growth data for Aruba
- Services, value added (current LCU), per capita 47,650 current LCU per person (2023)
- Services, value added (current LCU), per unit of GDP 1.37 current LCU per US$ of GDP (2023)
- Services, value added (current LCU), annual growth rate 8.72 % change on previous year (2023)
- Services, value added (current US$), per capita 26,620 current US$ per person (2023)
- Services, value added (current US$), per unit of GDP 0.7628 current US$ per US$ of GDP (2023)
- Services, value added (current US$), annual growth rate 8.72 % change on previous year (2023)
- Industry (including construction), value added (constant LCU), per 5,502 constant LCU per person (2023)
- Industry (including construction), value added (constant LCU), per 0.1576 constant LCU per US$ of GDP (2023)
- Industry (including construction), value added (constant LCU), annual 0.6249 % change on previous year (2023)
- Industry (including construction), value added (constant 2015 US$) 3,539 constant 2015 US$ per person (2023)
Frequently asked questions
- What is gross savings in Aruba?
- Gross savings in Aruba was 13.9% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Aruba?
- The highest recorded value was 31.0% in 1995.
- What is the lowest gross savings recorded in Aruba?
- The lowest recorded value was -1.7% in 2005.
- How does Aruba rank for gross savings?
- Aruba ranks 139th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Aruba?
- Over the last ten years it is up 92.9%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.