:Aruba Economy
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.
GDP:
exchange rate conversion - $854 million, per capita $13,600; real growth
rate l0% (1990 est.)
Inflation rate (consumer prices):
8% (1990 est.)
Unemployment rate:
3% (1991 est.)
Budget:
revenues $145 million; expenditures $185 million, including capital
expenditures of $42 million (1988)
Exports:
$134.4 million (f.o.b., 1990)
commodities:
mostly petroleum products
partners:
US 64%, EC
Imports:
$488 million (f.o.b., 1990)
commodities:
food, consumer goods, manufactures
partners:
US 8%, EC
External debt:
$81 million (1987)
Industrial production:
growth rate NA
Electricity:
310,000 kW capacity; 945 million kWh produced, 15,000 kWh per capita (1990)
Industries:
tourism, transshipment facilities, oil refining
Agriculture:
poor quality soils and low rainfall limit agricultural activity to the
cultivation of aloes, some livestock, and fishing
Economic aid:
Western (non-US) countries ODA and OOF bilateral commitments (1980-89), $220
million
Currency:
Aruban florin (plural - florins); 1 Aruban florin (Af.) = 100 cents
Exchange rates:
Aruban florins (Af.) per US$1 - 1.7900 (fixed rate since 1986)
Fiscal year:
calendar year
:Aruba Communications
Highways:
Aruba has a system of all-weather highways
Ports:
Oranjestad, Sint Nicolaas
Civil air:
Air Aruba has a fleet of 3 intermediate-range Boeing aircraft
Airports:
government-owned airport east of Oranjestad accepts transatlantic flights
Telecommunications:
generally adequate; extensive interisland radio relay links; 72,168
telephones; broadcast stations - 4 AM, 4 FM, 1 TV; 1 sea cable to Sint
Maarten
:Aruba Defense Forces
Note: defense is the responsibility of the Netherlands
:Ashmore and Cartier Islands Geography
Total area:
5 km2
Land area:
5 km2; includes Ashmore Reef (West, Middle, and East Islets) and Cartier
Island
Comparative area:
about 8.5 times the size of The Mall in Washington, DC
Land boundaries:
none
Coastline:
74.1 km
Maritime claims:
Contiguous zone:
12 nm
Continental shelf:
200 m (depth) or to depth of exploration
Exclusive fishing zone:
200 nm
Territorial sea:
3 nm
Disputes:
none
Climate:
tropical
Terrain:
low with sand and coral
Natural resources:
fish
Land use:
arable land 0%; permanent crops 0%; meadows and pastures 0%; forest and
woodland 0%; other - grass and sand 100%
Environment:
surrounded by shoals and reefs; Ashmore Reef National Nature Reserve
established in August 1983
Note:
located in extreme eastern Indian Ocean between Australia and Indonesia, 320
km off the northwest coast of Australia
:Ashmore and Cartier Islands People
Population: no permanent inhabitants; seasonal caretakers
:Ashmore and Cartier Islands Government
Long-form name:
Territory of Ashmore and Cartier Islands
Type:
territory of Australia administered by the Australian Minister for Arts,
Sports, the Environment, Tourism, and Territories - Roslyn KELLY
Capital:
none; administered from Canberra, Australia
Administrative divisions:
none (territory of Australia)
Legal system:
relevant laws of the Northern Territory of Australia
Diplomatic representation:
none (territory of Australia)
:Ashmore and Cartier Islands Economy
Overview: no economic activity
:Ashmore and Cartier Islands Communications
Ports: none; offshore anchorage only
:Ashmore and Cartier Islands Defense Forces
Note:
defense is the responsibility of Australia; periodic visits by the Royal
Australian Navy and Royal Australian Air Force
:Atlantic Ocean Geography
Total area:
82,217,000 km2
Land area:
82,217,000 km2; includes Baltic Sea, Black Sea, Caribbean Sea, Davis Strait,
Denmark Strait, Drake Passage, Gulf of Mexico, Mediterranean Sea, North Sea,
Norwegian Sea, Weddell Sea,