Kingdom of the Netherlands: Aruba: 2013 Article IV Consultation: Staff Report, Informational Annex, Press Release

August 9, 2013

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Kingdom of the Netherlands: Aruba: 2013 Article IV Consultation: Staff Report, Informational Annex, Press Release, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

This 2013 Article IV Consultation highlights that economic output in Aruba remains 12 percent below its pre-crisis level, with recovery slower than others in the Caribbean region. The non-oil current account (CA) balance, which mostly reflects developments in the tourism sector, has improved since mid-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus for years, showed volatilities in recent years reflecting oil-sector developments. In 2012, it recorded a surplus of 5 percent of GDP. In 2013, real output is projected to grow by 1¼ percent. Robust tourism growth and some pickup in consumption from projected deflation will support the subdued near-term recovery.

Subject: Banking, Economic sectors, Expenditure, External debt, Public debt, Revenue administration, Tourism

Keywords: Aruba, Below-the-line financing, Caribbean, CR, Deficit beginning, Financing, Financing category, Global, Government finance statistics, Holding, ISCR, Money market rate, South America, Tourism

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/258
Stock No:

1ABWEA2013001
ISBN:

9781484307540
ISSN:

1934-7685

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