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Aruba

Constituent country of the ‌Kingdom of the Netherlands
Flag of Aruba Coat of Arms of Aruba
Anthem
Aruba Dushi Tera
Location of Aruba
CapitalOranjestad
Government Autonomous constituent country and parliamentary democracy
Legislature Estates of Aruba
History
January 1, 1986Established
Area180 km²
Population
- 2009103,065
 Density572.5/km²
GDP2009 (PPP)
- TotalUS$ 2.4 billion
- Per capitaUS$ 23,831
CurrencyAruban florin
Flag of the Netherlands Antilles Netherlands Antilles
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Aruba is a constituent country of the Kingdom of the Netherlands, located in the Caribbean. Until 1986 it was a part of the Netherlands Antilles.


Background

Discovered and claimed for Spain in 1499, Aruba was acquired by the Dutch in 1636. The island's economy has been dominated by three main industries. A 19th century gold rush was followed by prosperity brought on by the opening in 1924 of an oil refinery. The last decades of the 20th century saw a boom in the tourism industry. Aruba seceded from the Netherlands Antilles in 1986 and became a separate, autonomous member of the Kingdom of the Netherlands. Movement toward full independence was halted at Aruba's request in 1990.[1]

Economy

Tourism is the mainstay of the small open Aruban economy, together with offshore banking. 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 US. 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. The government has made cutting the budget and trade deficits a high priority.[2]




Nation

Dutch Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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