A mechanism is provided for multi-part aggregated variables in structured external storage. The shared external storage provides a serialized, aggregated structure update capability. The shared external storage identifies each local value for which a group value is needed by name. Each time a member writes out its value, the member specifies the name of the object, the member's current value, and the type of aggregate function to apply (e.g., minimum, maximum, etc.). The structured external storage in one atomic operation updates the member's value, recalculates the aggregate of all of the individual values, and returns the aggregate to the member. The advantage of this approach is that it requires only one write operation to the structured external storage. The update operation does not require locking, because the operation is atomic.