| Economy | Aruba |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
Tourism is the mainstay of the small, open Aruban economy, with offshore banking and oil refining and storage also important. 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. In addition, the country's oil refinery reopened in 1993 providing a major source of employment, foreign exchange earnings, and growth. Tourist arrivals have rebounded strongly following a dip after the 11 September 2001 attacks. The island experiences only a brief low season, and hotel occupancy in 2004 averaged 80% compared to 68% throughout the rest of the Caribbean. The government has made cutting the budget and trade deficits a high priority. |
GDP (purchasing power parity):
|
$2.258 billion (2005 est.)
$2.205 billion (2004) |
GDP - per capita (PPP):
|
$21,800 (2004 est.) |
GDP (official exchange rate):
|
$2.258 billion (2005 est.) |
GDP - real growth rate:
|
2.4% (2005 est.) |
GDP - composition by sector:
|
agriculture: 0.4%
industry: 33.3%
services: 66.3% (2002 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3.4% (2005) |
Central bank discount rate:
|
5% (31 December 2007) |
Commercial bank prime lending rate:
|
11.01% (31 December 2007) |
Stock of money:
|
$640.9 million (31 December 2007) |
Stock of money - per capita:
|
6,219 USD per capita |
Stock of quasi money:
|
$792.9 million (31 December 2007) |
Stock of quasi money - per capita:
|
7,694 USD per capita |
Stock of domestic credit:
|
$1.348 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
13,080 USD per capita |
Labor force:
|
41,500 (2004 est.) |
Labor force participation rate:
|
40.27 % of population |
Labor force - by occupation:
|
agriculture: NA%
industry: NA%
services: NA%
note: most employment is in wholesale and retail trade and repair, followed by hotels and restaurants; oil refining |
Unemployment rate:
|
6.9% (2005 est.) |
Budget:
|
revenues: $507.9 million
expenditures: $577.9 million (2005 est.) |
Budget revenues per capita:
|
4,928 USD per capita |
Public debt:
|
46.3% of GDP (2005) |
Industries:
|
tourism, transshipment facilities, oil refining |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
800 million kWh (2006 est.) |
Electricity - production per capita:
|
7,763 kWh per capita |
Electricity - consumption:
|
744 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
7,219 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
2,356 bbl/day (2007 est.) |
Oil - production per capita:
|
22,860 bbl/day per capita |
Oil - consumption:
|
7,102 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
25.15 bbl/year per capita |
Oil - exports:
|
233,300 bbl/day (2005) |
Oil - imports:
|
238,200 bbl/day (2005) |
Oil - proved reserves:
|
NA |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006) |
Agriculture - products:
|
aloes; livestock; fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$124 million f.o.b.; note - includes oil reexports (2006) |
Exports per capita:
|
1,204 USD per capita |
Exports - commodities:
|
live animals and animal products, art and collectibles, machinery and electrical equipment, transport equipment |
Exports - partners:
|
Panama 29.7%, Colombia 17%, Netherlands Antilles 13.2%, US 11.3%, Venezuela 10.9%, Netherlands 9.2% (2007) |
Imports:
|
$1.054 billion f.o.b. (2006) |
Imports per capita:
|
10,227 USD per capita |
Imports - commodities:
|
machinery and electrical equipment, crude oil for refining and reexport, chemicals; foodstuffs |
Imports - partners:
|
US 54.6%, Netherlands 12%, UK 4.7% (2007) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$478.6 million (2005 est.) |
Debt - external - per capita:
|
4,644 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$11.3 million (2004) |
Economic aid - recipient per capita:
|
110 USD per capita |
Currency (code):
|
Aruban guilder/florin (AWG) |
Exchange rates:
|
Aruban guilders/florins (AWG) per US dollar - NA (2007), 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
