Improved method of and apparatus for aggregating data elements in multidimensional databases (MDDB). In the preferred embodiment, the apparatus is realized in the form of a high-performance stand-alone (i.e. external) aggregation server which can be plugged-into conventional MOLAP systems to achieve significant improvements in system performance. In accordance with the principles of the present invention, the stand-alone aggregation server contains a scalable MDDB and a high-performance aggregation engine that are integrated into the modular architecture of the aggregation server. The stand-alone aggregation server of the present invention can uniformly distribute data elements among a plurality of processors, for balanced loading and processing, and therefore is highly scalable.