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. Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. The government has also made cutting the budget and international development high priorities.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
NOTE: 1) The information regarding Aruba on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Aruba Economy 2014 information contained here. All suggestions for corrections of any errors about Aruba Economy 2014 should be addressed to the CIA.
$2.516 billion (2009 est.)
country comparison to the world: 186
[see also: GDP country ranks ]
$2.516 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
2.4% (2005 est.)
country comparison to the world: 126
[see also: GDP - real growth rate country ranks ]
$25,300 (2011 est.)
country comparison to the world: 59
[see also: GDP - per capita country ranks ]
agriculture: 0.4%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
33.3%
services:
66.3% (2002 est.)
aloes; livestock; fish
tourism, transshipment facilities, banking
NA%
[see also: Industrial production growth rate country ranks ]
51,610
country comparison to the world: 190
note:
of the 51,610 workers aged 15 and over in the labor force, 32,252 were born in Aruba and 19,353 came from abroad; foreign workers are 38% of the employed population (2007 est.)
[see also: Labor force country ranks ]
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
6.9% (2005 est.)
country comparison to the world: 73
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
revenues: $568.3 million
[see also: Budget revenues country ranks ]
expenditures:
$815.3 million (2012 est.)
22.6% of GDP (2012 est.)
country comparison to the world: 148
[see also: Taxes and other revenues country ranks ]
-9.8% of GDP (2012 est.)
country comparison to the world: 198
[see also: Budget surplus (+) or deficit (-) country ranks ]
46.3% of GDP (2005)
country comparison to the world: 72
[see also: Public debt country ranks ]
calendar year
0.6% (2012 est.)
country comparison to the world: 9
[see also: Inflation rate (consumer prices) country ranks ]
1% (31 December 2010 est.)
country comparison to the world: 102
[see also: Central bank discount rate country ranks ]
8.4% (31 December 2012 est.)
country comparison to the world: 99
[see also: Commercial bank prime lending rate country ranks ]
$1.022 billion (31 December 2012 est.)
country comparison to the world: 149
[see also: Stock of narrow money country ranks ]
$1.765 billion (31 December 2011 est.)
country comparison to the world: 153
[see also: Stock of broad money country ranks ]
$1.594 billion (31 December 2012 est.)
country comparison to the world: 137
[see also: Stock of domestic credit country ranks ]
$1.389 billion (2012 est.)
country comparison to the world: 148
[see also: Exports country ranks ]
live animals and animal products, art and collectibles, machinery and electrical equipment, transport equipment
Colombia 39.4%, Venezuela 29.3%, US 13%, Netherlands Antilles 4.1% (2012)
$2.039 billion (2012 est.)
country comparison to the world: 163
[see also: Imports country ranks ]
machinery and electrical equipment, crude oil for refining and reexport, chemicals; foodstuffs
US 46.4%, Netherlands 11.5%, UK 5.4% (2012)
$533.4 million (2005 est.)
country comparison to the world: 174
[see also: Debt - external country ranks ]
Aruban guilders/florins per US dollar -
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
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This page was last modified 06-Nov-14