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Aruba

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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 characteristicsEdit

  • 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]


StatisticsEdit

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)

ReferencesEdit

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. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Aruba", from The World Facebook. Referenced 2010-09-30.
  2. World Bank. "Aruba: GDP", from World Bank Data. Referenced 2010-09-30.
  3. World Bank. "Aruba: government debt", from World Bank Data. Referenced 2010-09-30.
  4. World Bank. "Aruba: government revenue", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Aruba: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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