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

August 9, 2013

Preview Citation

Format: Chicago

Kingdom of the Netherlands: Aruba: 2013 Article IV Consultation: Staff Report, Informational Annex, Press Release, (USA: International Monetary Fund, 2013) accessed November 27, 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:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2013/258
Stock No:

1ABWEA2013001
ISBN:

9781484307540
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports