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

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

August 9, 2013

Electronic Access:

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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.

Series:

Country Report No. 13/258

Subject:

English

Publication Date:

August 9, 2013

ISBN/ISSN:

9781484307540/1934-7685

Stock No:

1ABWEA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

45

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