The Economy in Aruba
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 U.S.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.

Labor force: 51,610. Most employment is in wholesale and retail trade and repair, followed by hotels and restaurants.

Exports: $189.2 million (2015 est.)

Export commodities: Live animals and animal products, art and collectibles, machinery and electrical equipment, and transport equipment.

Imports: $1.329 billion (2015 est.)

Import commodities: Machinery and electrical equipment, crude oil for refining and re-export, chemicals, and foodstuffs.

Source: CIA The World Factbook

Get Your Free Aruba Report Now

Learn more about Aruba and other countries in our daily postcard e-letter.

Simply enter your email address below and we’ll send you a FREE REPORT – A Taste of Aruba.

This special guide covers real estate, retirement and more in Aruba and is yours free when you sign up for our postcards below. (We value your privacy. You can unsubscribe at any time.)

Get Your Free Report Here


From the Archives of Caribbean

Antigua and Barbuda, Caribbean

It doesn't matter where you go in life...as long as you go the beach. Live in the sunshine, swim in the sea, and live the good life on Antigua. This jagged edged island is ringed with beaches of the finest white sand, made all the more dramatic by the sapphire waters. The island has warm, steady winds, a complex coastline of safe harbors and a protective, nearly unbroken wall of coral reef...