Aruba
| Country summary | |
|---|---|
|
Capital |
Oranjestad |
|
Borders |
(N/A) |
|
Government type |
parliamentary democracy |
|
Population |
103,065[1] |
|
Population growth |
1.478% (2010 est.)[1] |
|
Life expectancy |
75.28 years[1] |
|
Unemployment |
6.9% (2005 est.)[1] |
Discovered and claimed for Spain in 1499, Aruba was acquired by the Dutch in 1636. The island's economy has been dominated by three main industries. A 19th century gold rush was followed by prosperity brought on by the opening in 1924 of an oil refinery. The last decades of the 20th century saw a boom in the tourism industry. Aruba seceded from the Netherlands Antilles in 1986 and became a separate, autonomous member of the Kingdom of the Netherlands. Movement toward full independence was halted at Aruba's request in 1990.[1]
Economical characteristics
- Currency: Aruban florin (ISO code: AWG)
- Central bank discount rate: 5% (31 December 2008)[1]
- Commercial banks lending rate: 11.23% (31 December 2008)[1]
- Stock of money (M1): $781 million (31 December 2008)[1]
- Quasi money (with M1 makes M2): $890.3 million (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 1 723 | 1 859 | 1 899 | 1 911 | ||||||
| Govt. debt (% of GDP)[3] | ||||||||||
| Govt. revenue (% of GDP)[4] | ||||||||||
| Govt. expenses (% of GDP)[5] | ||||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Aruba", from The World Factbook. Referenced 2010-09-30.
- ↑ World Bank. "Aruba: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Aruba: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Aruba: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Aruba: government expenses", from World Bank Data. Referenced 2010-09-30.
Links
- Aruba on Wikipedia
- Central bank of Aruba
- BBC country profile
