l Democracy
or PDR [Andin BIKKER]; RED [Rudy LAMPE]; Workers Political Platform
or PTT [Gregorio WOLFF]
Political pressure groups and leaders:
other: environmental groups
International organization participation:
Caricom (observer), ILO, IMF, Interpol, IOC, ITUC, UNESCO
(associate), UNWTO (associate), UPU, WCL, WFTU, WMO
Diplomatic representation in the US:
none (represented by the Kingdom of the Netherlands); note - Mr.
Henry BAARH, Minister Plenipotentiary for Aruba at the Embassy of
the Kingdom of the Netherlands
Diplomatic representation from the US:
the US does not have an embassy in Aruba; the Consul General to
Netherlands Antilles is accredited to Aruba
Flag description:
blue, with two narrow, horizontal, yellow stripes across the lower
portion and a red, four-pointed star outlined in white in the upper
hoist-side corner
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 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.
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 con
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