The Kingdom of the Netherlands-Aruba: 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

March 3, 2003

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The Kingdom of the Netherlands-Aruba: 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2003) accessed September 18, 2024

Summary

This 2002 Article IV Consultation for the Kingdom of the Netherlands—Aruba highlights that after growing at more than 4 percent per year in 1996–2000, the Aruba economy experienced two years of retrenchment, with GDP falling an estimated 1.2 percent in 2001 and 3.8 percent in 2002. This downturn reflected a lull in investment activity, but especially weak tourism following the United States recession and the terrorist attacks of September 11, 2001. In 2003, sharply higher private and public investment and a modest revival in tourism should boost economic growth to more than 4 percent.

Subject: Current spending, Expenditure, Fiscal policy, Fiscal stance, Imports, International trade, National accounts, Public debt

Keywords: Caribbean, CR, Current spending, Draft government budget, Fiscal policy plan, Fiscal stance, Fund staff estimate, Imports, ISCR, Middle East, Monetary policy, Plan, Staff projection, Tax boosts revenue

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/042
Stock No:

1ABWEA0012003
ISBN:

9781451800043
ISSN:

1934-7685

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