Aruba

Economy

Main article: Economy of Aruba

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Aruba enjoys one of the highest standards of living in the Caribbean region, with low poverty and unemployment rates. About half of the Aruban Gross National Product is earned with tourism or related activities. Most of the tourists are from the Americas, notably the United States, which is the country's largest trading partner. Oil processing is the dominant industry in Aruba, despite expansion of the tourism sector. The size of the agriculture and manufacturing industries remains minimal.

Related Topics:
Gross National Product - Tourism - Americas - United States

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Deficit spending has been a staple in Aruba's history, and modestly high inflation has been present as well, although recent efforts at tightening monetary policy may correct this. Aruba receives some development aid from the Dutch government each year. The Aruban guilder has a fixed exchange rate with the United States dollar of 1.79:1.

Related Topics:
Development aid - United States dollar

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