Aruba

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Location - Aruba:
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Economy - Aruba:
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 countrys 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.)

Gdp official exchange rate	$2.258 billion (2005 est.)

Gdp real growth rate	2.4% (2005 est.)

Gdp per capita ppp	$21,800 (2004 est.)

Gdp composition by sector	agriculture: 0.4% industry: 33.3% services: 66.3% (2002 est.)

Labor force	41,500 (2004 est.)

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.)

Population below poverty line	NA%

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	3.4% (2005)

Budget	revenues: $507.9 million expenditures: $577.9 million; including capital expenditures of $NA (2005 est.)

Public debt	46.3% of GDP (2005)

Agriculture products	aloes; livestock; fish

Industries	tourism, transshipment facilities, oil refining

Industrial production growth rate	NA%

Electricity production	770 million kWh (2004)

Electricity consumption	716.1 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	2,363 bbl/day (2004)

Oil consumption	7,000 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Exports	$80 million f.o.b.; note - includes oil reexports (2004 est.)

Exports commodities	live animals and animal products, art and collectibles, machinery and electrical equipment, transport equipment

Exports partners	Netherlands 27.7%, Panama 25.5%, Colombia 12.8%, Venezuela 11.1%, US 9.4%, Netherlands Antilles 7.1% (2006)

Imports	$875 million f.o.b. (2004 est.)

Imports commodities	machinery and electrical equipment, crude oil for refining and reexport, chemicals; foodstuffs

Imports partners	US 53.6%, Netherlands 12.9%, UK 3.6% (2006)

Debt external	$478.6 million (2005 est.)

Economic aid recipient	$11.3 million (2004)

Currency code	Aruban guilder/florin (AWG)

Exchange rates	Aruban guilders/florins per US dollar - 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003), 1.79 (2002)

Communications - Aruba:
Transportation - Aruba:
Military - Aruba:

This page was last updated on 16 September, 2007
Source: CIA >>>

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An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

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Aruba

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Aruba

Aruba: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Aruba

Economy overview

Gdp purchasing power parity

$2.258 billion (2005 est.)

Gdp official exchange rate

$2.258 billion (2005 est.)

Gdp real growth rate

2.4% (2005 est.)

Gdp per capita ppp

$21,800 (2004 est.)

Gdp composition by sector

agriculture: 0.4% industry: 33.3% services: 66.3% (2002 est.)

Labor force

41,500 (2004 est.)

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.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

3.4% (2005)

Budget

revenues: $507.9 million expenditures: $577.9 million; including capital expenditures of $NA (2005 est.)

Public debt

46.3% of GDP (2005)

Agriculture products

aloes; livestock; fish

Industries

tourism, transshipment facilities, oil refining

Industrial production growth rate

NA%

Electricity production

770 million kWh (2004)

Electricity consumption

716.1 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

2,363 bbl/day (2004)

Oil consumption

7,000 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$80 million f.o.b.; note - includes oil reexports (2004 est.)

Exports commodities

live animals and animal products, art and collectibles, machinery and electrical equipment, transport equipment

Exports partners

Netherlands 27.7%, Panama 25.5%, Colombia 12.8%, Venezuela 11.1%, US 9.4%, Netherlands Antilles 7.1% (2006)

Imports

$875 million f.o.b. (2004 est.)

Imports commodities

machinery and electrical equipment, crude oil for refining and reexport, chemicals; foodstuffs

Imports partners

US 53.6%, Netherlands 12.9%, UK 3.6% (2006)

Debt external

$478.6 million (2005 est.)

Economic aid recipient

$11.3 million (2004)

Currency code

Aruban guilder/florin (AWG)

Exchange rates

Aruban guilders/florins per US dollar - 1.79 (2006), 1.79 (2005), 1.79 (2004), 1.79 (2003), 1.79 (2002)

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agriculture: 0.4%
industry: 33.3%
services: 66.3% (2002 est.)

agriculture: NA%
industry: NA%
services: NA%
note: most employment is in wholesale and retail trade and repair, followed by hotels and restaurants; oil refining

lowest 10%: NA%
highest 10%: NA%

revenues: $507.9 million
expenditures: $577.9 million; including capital expenditures of $NA (2005 est.)