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@Aruba:Economy

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.

GDP: purchasing power parity - $1.6 billion (1998 est.)

GDP - real growth rate: 3% (1998)

GDP - per capita: purchasing power parity - $22,800 (1998 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

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

Inflation rate (consumer prices): 2% (1999 est.)

Labor force: 41,501 (1997 est.)

Labor force - by occupation: most employment is in wholesale and
retail trade and repair, followed by hotels and restaurants (1997
est.)

Unemployment rate: 0.6% (1996 est.)

Budget:
revenues: $NA
expenditures: $541 million, including capital expenditures of $NA
(2000 est.)

Industries: tourism, transshipment facilities, oil refining

Industrial production growth rate: NA%

Electricity - production: 475 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 442 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: aloes; livestock; fish

Exports: $1.17 billion (including oil reexports)(1998)

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

Exports - partners: US 53.2%, Colombia 14.9%, Netherlands 8.8% (1998)

Imports: $1.52 billion (1998)

Imports - commodities: machinery and transport equipment, crude oil
for refining and reexport; foodstuffs

Imports - partners: US 55.5%, Netherlands 12.3%, Japan 3.5% (1998)

Debt - external: $285 million (1996)

Economic aid - recipient: $26 million (1995); note - the Netherlands
provid