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Aruba Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Aruba Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 11, 2013

Economy - overview:
Tourism and offshore banking are the mainstays of the small open Aruban economy. Oil refining and storage ended in 2009. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Over 1.5 million tourists per year visit Aruba with 75% of those from the US. Construction continues to boom with hotel capacity five times the 1985 level. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. The government has made cutting the budget and trade deficits a high priority.

GDP (purchasing power parity):
$2.258 billion (2005 est.)
country comparison to the world: 188

$2.205 billion (2004 est.)
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.258 billion (2005 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.4% (2005 est.)
country comparison to the world: 134
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$21,800 (2004 est.)
country comparison to the world: 59
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 0.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 33.3%
services: 66.3% (2002 est.)

Labor force:
41,500 (2004 est.)
country comparison to the world: 195
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
services: NA%
note: most employment is in wholesale and retail trade and repair, followed by hotels and restaurants

Unemployment rate:
6.9% (2005 est.)
country comparison to the world: 75
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $568.4 million
[see also: Budget revenues country ranks ]
expenditures: $735 million (2012 est.)

Taxes and other revenues:
25.2% of GDP (2012 est.)
country comparison to the world: 125
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-7.4% of GDP (2012 est.)
country comparison to the world: 186
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
46.3% of GDP (2005)
country comparison to the world: 73
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
2.3% (2012 est.)
country comparison to the world: 44

4.4% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1% (31 December 2010 est.)
country comparison to the world: 103

3% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10.4% (31 December 2012 est.)
country comparison to the world: 101

9% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$868.5 million (31 December 2011 est.)
country comparison to the world: 152

$868.5 million (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.765 billion (31 December 2011 est.)
country comparison to the world: 153

$1.762 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.448 billion (31 December 2011 est.)
country comparison to the world: 147

$1.42 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
aloes; livestock; fish

Industries:
tourism, transshipment facilities, banking

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$2.758 billion (2012 est.)
country comparison to the world: 132

$5.179 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
live animals and animal products, art and collectibles, machinery and electrical equipment, transport equipment

Exports - partners:
Colombia 40.8%, Venezuela 20.5%, the former Netherlands Antilles 15.6%, US 8.9%, Netherlands 4.5% (2011)

Imports:
$3.476 billion (2012 est.)
country comparison to the world: 142

$5.892 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and electrical equipment, crude oil for refining and reexport, chemicals; foodstuffs

Imports - partners:
US 50.6%, Netherlands 11.6%, UK 4.7% (2011)

Debt - external:
$478.6 million (2005 est.)
country comparison to the world: 170
[see also: Debt - external country ranks ]

Exchange rates:
Aruban guilders/florins (AWG) per US dollar -

1.79 (2012 est.)
1.79 (2011 est.)
1.79 (2010 est.)

Fiscal year:
calendar year


NOTE: 1) The information regarding Aruba on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Aruba Economy 2013 information contained here. All suggestions for corrections of any errors about Aruba Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
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