The CIA World Factbook Every edition, 1990 to 2025 Central America and the Caribbean
Economic overview Aruba, in 36 editions.
The entry for Aruba published Economic overview in 36 editions of 36, from 1990 to 2025. The text changed in 24 editions. Each is shown as published. Economic overview in every entry.
- editions changed the text
- 24
- the first edition with it
- 1990
- the latest edition with it
- 2025
Published as “Overview” (1990 to 1995), “Economic overview” (1996 to 2025), “Economy - overview” (1997 to 2019), “Economy-overview” (1998) and “Economy--overview” (1999).
field in that editiontext changed from the edition beforenot in that editionthe edition shownChoose an edition on the strip beside the text, or step through them with the arrows. Mark changes compares it with the edition before: the marks are ours, words added and words removed.
2025 edition
Same as 2024Published as “Overview”
Tourism is the mainstay of the economy. In 1985 the economy suffered a severe blow when Exxon closed its refinery, a major source of employment and foreign exchange earnings. Economic collapse was prevented by soft loans from the Dutch Government and by a booming tourist industry. Hotel capacity expanded by 20% between 1985 and 1987 and is projected to more than double by 1990. Unemployment has steadily declined from about 20% in 1986 to about 3% in 1988.
Tourism is the mainstay of the economy. In 1985 the economy suffered a severe blow when Exxon closed its refinery, a major source of employment and foreign exchange earnings. Economic collapse was prevented by soft loans from the Dutch Government and by a booming tourist industry. Hotel capacity expanded by 20% between 1985 and 1987 and is projected to more than double by 1990. Unemployment has steadily declined from about 20% in 1986 to about 3% in 1988.
Published as “Overview”
Tourism is the mainstay of the economy, although offshore banking and oil refining and storage are also important. Hotel capacity expanded rapidly between 1985 and 1989 and nearly doubled in 1990 alone. Unemployment has steadily declined from about 20% in 1986 to about 2% in 1990. The reopening of the local oil refinery, once a major source of employment and foreign exchange earnings, promises to give the economy an additional boost.
Rewritten: too little of the 1990 text remains to mark the changes.
Tourism is the mainstay of the economy, although offshore banking and oil refining and storage are also important. Hotel capacity expanded rapidly between 1985 and 1989 and nearly doubled in 1990 alone. Unemployment has steadily declined from about 20% in 1986 to about 2% in 1990. The reopening of the local oil refinery, once a major source of employment and foreign exchange earnings, promises to give the economy an additional boost.
The same text in 1992 and 1993.
Published as “Overview”
Tourism is the mainstay of the economy, although offshore banking and oil refining and storage are also important. Hotel capacity expanded rapidly between 1985 and 1989 and nearly doubled in 1990 alone. Unemployment has steadily declined from about 20% in 1986 to about 3% in 1991. The reopening of the local oil refinery, once a major source of employment and foreign exchange earnings, promises to give the economy an additional boost.
Tourism is the mainstay of the economy, although offshore banking and oil
refining and storage are also important. Hotel capacity expanded rapidly
between 1985 and 1989 and nearly doubled in 1990 alone. Unemployment has
steadily declined from about 20% in 1986 to about 2% 3% in 1990. 1991. The reopening
of the local oil refinery, once a major source of employment and foreign
exchange earnings, promises to give the economy an additional boost.
Published as “Overview”
Tourism is the mainstay of the economy, although offshore banking and oil refining and storage are also important. Hotel capacity expanded rapidly between 1985 and 1989 and nearly doubled in 1990 alone. Unemployment has steadily declined from about 20% in 1986 to about 3% in 1991 and to less than 1% in 1992. The reopening of the local oil refinery, once a major source of employment and foreign exchange earnings, promises to give the economy an additional boost.
Tourism is the mainstay of the economy, although offshore banking and oil
oil refining and storage are also important. Hotel capacity expanded rapidly
rapidly between 1985 and 1989 and nearly doubled in 1990 alone.
Unemployment has
in 1991. 1991 and to less than 1% in 1992. The reopening
refinery, once a major source of employment and foreign
earnings, promises to give the economy an additional boost.
Published as “Overview”
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. Additionally, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies despite sharp rises in wage rates in recent years.
Rewritten: too little of the 1994 text remains to mark the changes.
Tourism is the mainstay of the Aruban economy, although
offshore banking and oil refining and storage are also important. The
rapid growth of the tourism sector over the last decade has resulted
in a substantial expansion of other activities. Construction has
boomed, with hotel capacity five times the 1985 level. Additionally,
the reopening of the country's oil refinery in 1993, a major source of
employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and less than 1% unemployment rate have led
to a large number of unfilled job vacancies despite sharp rises in
wage rates in recent years.
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies despite sharp rises in wage rates in recent years.
Tourism is the mainstay of the Aruban economy, although
although offshore banking and oil refining and storage are also
important. The
decade has resulted
Construction haslevel. Additionally,
level. In addition, the reopening of the country's oil refinery in
1993, a major source of
has further spurred growth.
1% unemployment rate have led
vacancies despite sharp rises in
Published as “Economy - overview”
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies despite sharp rises in wage rates in recent years.
Tourism is the mainstay of the Aruban economy,
although offshore banking and oil refining and storage are also
important. The rapid growth of the tourism sector over the last
has resulted in a substantial expansion of other activities.
Construction has boomed, with hotel capacity five times the 1985
level. In addition, the reopening of the country's oil refinery in
1993, a major source of employment and foreign exchange earnings,
further spurred growth. Aruba's small labor force and less than
unemployment rate have led to a large number of unfilled job
despite sharp rises in wage rates in recent years.
Published as “Economy-overview”
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies despite sharp rises in wage rates in recent years.
Tourism is the mainstay of the Aruban economy,
although offshore banking and oil refining and storage are also
important. The rapid growth of the tourism sector over the last decade
has resulted in a substantial expansion of other activities.
Construction has boomed, with hotel capacity five times the 1985
level. In addition, the reopening of the country's oil refinery in
1993, a major source of employment and foreign exchange earnings, has
further spurred growth. Aruba's small labor force and less than 1%
unemployment rate have led to a large number of unfilled job vacancies
despite sharp rises in wage rates in recent years.
Published as “Economy--overview”
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years.
Tourism is the mainstay of the Aruban economy,
although offshore banking and oil refining and storage are also
important. The rapid growth of the tourism sector over the last decade
decade has resulted in a substantial expansion of other activities.
Construction has boomed, with hotel capacity five times the 1985
level. In addition, the reopening of the country's oil refinery in
1993, a major source of employment and foreign exchange earnings, has
has further spurred growth. Aruba's small labor force and less than 1%
1% unemployment rate have led to a large number of unfilled job vacancies
vacancies, despite sharp rises in wage rates in recent years.
The same text in 2000 and 2001.
Published as “Economy - overview”
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years.
Tourism is the mainstay of the Aruban economy,
Published as “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. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. The government's goal of balancing the budget within two years will hamper expenditures, as will the decline in stopover tourist arrivals following the 11 September terrorist attacks.
Tourism is the mainstay of the small, open Aruban economy, although with offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. The government's goal of balancing the budget within two years will hamper expenditures, as will the decline in stopover tourist arrivals following the 11 September terrorist attacks.
The same text in 2003 and 2004.
Published as “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. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. Tourist arrivals have declined in the aftermath of the 11 September 2001 terrorist attacks on the US. The government now must deal with a budget deficit and a negative trade balance.
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. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. The government's goal of balancing the budget within two years will hamper expenditures, as will the decline in stopover tourist Tourist arrivals following have declined in the aftermath of the 11 September 2001 terrorist attacks. attacks on the US. The government now must deal with a budget deficit and a negative trade balance.
Published as “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. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and exceptionally low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. Tourist arrivals have declined in the aftermath of the 11 September 2001 terrorist attacks on the US. The government now must deal with a budget deficit and a negative trade balance.
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. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and exceptionally low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. Tourist arrivals have declined in the aftermath of the 11 September 2001 terrorist attacks on the US. The government now must deal with a budget deficit and a negative trade balance.
Published as “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 reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred 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 newly re-elected government has made cutting the budget and trade deficits a high priority.
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 has boomed, continues to boom, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and exceptionally low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. Tourist arrivals have declined in the aftermath of rebounded strongly following a dip after the 11 September 2001 terrorist attacks on attacks. The island experiences only a brief low season, and hotel occupancy in 2004 averaged 80%, compared to 68% throughout the US. rest of the Caribbean. The newly re-elected government now must deal with a has made cutting the budget deficit and a negative trade balance. deficits a high priority.
The same text in 2007 and 2008.
Published as “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.
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 reopening of the country's oil refinery reopened in 1993, providing a major source of employment and employment, foreign exchange earnings, has further spurred 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 newly re-elected government has made cutting the budget and trade deficits a high priority.
Published as “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. 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.
Tourism is the mainstay of the small, small open Aruban economy, 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, Aruba with 75% of those from the US. Construction continues to boom, boom with hotel capacity five times the 1985 level. In addition, the country's oil refinery reopened in 1993, 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 season. Hotel occupancy in 2004 averaged 80%, 80% compared to 68% throughout the rest of the Caribbean. The government has made cutting the budget and trade deficits a high priority.
The same text in 2010 and 2011.
Published as “Economy - overview”
Tourism is the mainstay of the small open Aruban economy, together with offshore banking. Oil refining and storage ended in 2009. 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. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. The government has made cutting the budget and trade deficits a high priority.
Tourism is the mainstay of the small open Aruban economy economy, together with offshore banking and oil banking. Oil refining and storage also important. ended in 2009. 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. 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.
Published as “Economy - overview”
Tourism and offshore banking are the mainstays of the small open Aruban economy. Oil refining and storage ended in 2009. 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. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. The government has made cutting the budget and trade deficits a high priority.
Tourism is and offshore banking are the mainstay mainstays of the small open Aruban economy, together with offshore banking. economy. Oil refining and storage ended in 2009. 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. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. The government has made cutting the budget and trade deficits a high priority.
Published as “Economy - overview”
Tourism and offshore banking are the mainstays of the small open Aruban economy. Oil refining and storage ended in 2009. 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. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks.
Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. The government has also made cutting the budget and international development high priorities.
Tourism and offshore banking are the mainstays of the small open Aruban economy. Oil refining and storage ended in 2009. 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. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. The government has also made cutting the budget and trade deficits a international development high priority. priorities.
Published as “Economy - overview”
Tourism and offshore banking are the mainstays of the small open Aruban economy. Tourist arrivals have rebounded strongly following a dip after the 11 September 2001 attacks. Tourism now accounts for over 80 % of economic activity. Over 1.5 million tourists per year visit Aruba, with 75% of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times the 1985 level.
Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. Aruba weathered two major shocks in recent years: fallout from the global financial crisis, which had its largest impact on tourism, and the closure of its oil refinery in 2009. Economic recovery is progressing gradually, but output is still 12% below its pre-crisis level. Aruba’s banking sector withstood the recession well, and unemployment has significantly decreased.
Tourism and offshore banking are the mainstays of the small open Aruban economy. Oil refining and storage ended in 2009. The rapid growth of Tourist arrivals have rebounded strongly following a dip after the tourism sector 11 September 2001 attacks. Tourism now accounts for over the last decade has resulted in a substantial expansion 80 % of other activities. economic activity. Over 1.5 million tourists per year visit Aruba Aruba, with 75% of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times the 1985 level. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. The government has also made cutting Aruba weathered two major shocks in recent years: fallout from the budget global financial crisis, which had its largest impact on tourism, and international development high priorities. the closure of its oil refinery in 2009. Economic recovery is progressing gradually, but output is still 12% below its pre-crisis level. Aruba’s banking sector withstood the recession well, and unemployment has significantly decreased.
Published as “Economy - overview”
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy. Tourist arrivals have rebounded strongly following a dip after the 2008 global financial crisis. Tourism now accounts for over 80% of economic activity. Over 1.5 million tourists per year visit Aruba, with 75% of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities.
Construction continues to boom with hotel capacity five times the 1985 level. Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers. Aruba weathered two major shocks in recent years: fallout from the global financial crisis, which had its largest impact on tourism, and the closure of its oil refinery in 2009.
However, tourism and related industries have continued to grow, and the Aruban government is working to attract more diverse industries. Aruba's banking sector withstood the recession well, and unemployment has significantly decreased.
Tourism Tourism, petroleum bunkering, hospitality, and offshore banking financial and business services are the mainstays of the small open Aruban economy. Tourist arrivals have rebounded strongly following a dip after the 11 September 2001 attacks. 2008 global financial crisis. Tourism now accounts for over 80 % 80% of economic activity. Over 1.5 million tourists per year visit Aruba, with 75% of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times the 1985 level. Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers. Aruba weathered two major shocks in recent years: fallout from the global financial crisis, which had its largest impact on tourism, and the closure of its oil refinery in 2009. Economic recovery is progressing gradually, but output However, tourism and related industries have continued to grow, and the Aruban government is still 12% below its pre-crisis level. Aruba’s working to attract more diverse industries. Aruba's banking sector withstood the recession well, and unemployment has significantly decreased.
Published as “Economy - overview”
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.
Tourist arrivals have rebounded strongly following a dip after the 2008 global financial crisis. Tourism now accounts for a majority of economic activity. Over 1 million tourists per year visit Aruba, with the large majority of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times the 1985 level.
Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.
- Aruba weathered two major shocks in recent years:
- fallout from the global financial crisis, which had its largest impact on tourism, and the closure of its oil refinery in 2009. However, tourism and related industries have continued to grow, and the Aruban government is working to attract more diverse industries. Aruba's banking sector withstood the recession well, and unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.
Tourist arrivals have rebounded strongly following a dip after the 2008 global financial crisis. Tourism now accounts for over 80% a majority of economic activity. Over 1.5 1 million tourists per year visit Aruba, with 75% the large majority of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times the 1985 level.
Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.
Aruba weathered two major shocks in recent years: fallout from the global financial crisis, which had its largest impact on tourism, and the closure of its oil refinery in 2009. However, tourism and related industries have continued to grow, and the Aruban government is working to attract more diverse industries. Aruba's banking sector withstood the recession well, and unemployment has significantly decreased.
Published as “Economy - overview”
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.
Tourism accounts for a majority of economic activity; as of 2014, over 1.7 million tourists visited Aruba annually, with the large majority of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hotel sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.
In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery . Tourism and related industries have continued to grow, and the Aruban government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.Tourist arrivals have rebounded strongly following a dip after the 2008 global financial crisis. Tourism now accounts for a majority of economic activity. Over 1 activity; as of 2014, over 1.7 million tourists per year visit Aruba, visited Aruba annually, with the large majority of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom with hotel capacity five times boom, especially in the 1985 level. hotel sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to achieve a more desirable improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.Aruba weathered two major shocks in recent years: fallout from the global financial crisis, which had its largest impact on tourism, In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the closure Government of its oil Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery in 2009. However, tourism . Tourism and related industries have continued to grow, and the Aruban government is working to attract more diverse industries. Aruba's banking sector withstood the recession well, and continues to be a strong sector; unemployment has significantly decreased.
The same text in 2018 and 2019.
Published as “Economy - overview”
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy. Tourism accounts for a majority of economic activity; as of 2017, over 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hospitality sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers. In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery.
Tourism and related industries have continued to grow, and the Aruban Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.2014, 2017, over 1.7 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hotel hospitality sector.refinery . refinery. Tourism and related industries have continued to grow, and the Aruban government Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy. Tourism accounts for a majority of economic activity; as of 2017, over 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hospitality sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers. In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery.
Tourism and related industries have continued to grow, and the Aruban Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy. Tourism accounts for a majority of economic activity; as of 2017, over 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hospitality sector. Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers. In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery. Tourism and related industries have continued to grow, and the Aruban Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
The same text in 2021 and 2022.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.
Tourism accounts for a majority of economic activity; as of 2017, over 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hospitality sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.
In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery. Tourism and related industries have continued to grow, and the Aruban Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
Tourism, petroleum bunkering, hospitality, and financial and business services are the mainstays of the small open Aruban economy.
Tourism accounts for a majority of economic activity; as of 2017, over 2 million tourists visited Aruba annually, with the large majority (80-85%) of those from the US. The rapid growth of the tourism sector has resulted in a substantial expansion of other activities. Construction continues to boom, especially in the hospitality sector.
Aruba is heavily dependent on imports and is making efforts to expand exports to improve its trade balance. Almost all consumer and capital goods are imported, with the US, the Netherlands, and Panama being the major suppliers.
In 2016, Citgo Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela SA, and the Government of Aruba signed an agreement to restart Valero Energy Corp.'s former 235,000-b/d refinery. Tourism and related industries have continued to grow, and the Aruban Government is working to attract more diverse industries. Aruba's banking sector continues to be a strong sector; unemployment has significantly decreased.
The same text in 3 editions, 2023 to 2025.
- small, tourism-dependent, territorial-island economy;
- very high public debt;
- COVID-19 crippled economic activity;
- partial recovery underway via tourism, benefitting from its high amount of timeshare residences;
- considering reopening oil refinery
Rewritten: too little of the 2022 text remains to mark the changes.
small, tourism-dependent, territorial-island economy; very high public debt; COVID-19 crippled economic activity; partial recovery underway via tourism, benefitting from its high amount of timeshare residences; considering reopening oil refinery
No edition has those words. Try a shorter word.
Cite this page
Central Intelligence Agency. “Aruba: Economic overview.” The World Factbook, 1990–2025 editions. Archived by The Factbook, thefactbook.org/aruba/economic-overview.