Kingdom of the Netherlands—Aruba: Recent Economic Developments
July 1, 1999
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This Background Paper describes economic and financial developments in Aruba during 1997–98. The paper highlights that in the mid-1990s, the boom in the hotel sector came to an end, and the economy started to grow at a more sustainable pace. The paper reviews real economic activity, employment, and domestic price movements. It covers public finances and fiscal policy, including the budget for 1999, and also addresses monetary and exchange policy and developments. An analysis of recent trends in the external current and capital accounts is also presented.
Subject: Banking, Commercial banks, Customs unions, Expenditure, Financial institutions, Foreign exchange, Insurance, Labor, Pension spending, Pensions
Keywords: Aruba, balance of payments, banking system, broad money, Caribbean, central bank, Commercial banks, company, coverage ratio, CR, foreign exchange, Insurance, ISCR, monetary policy, net, Pension spending, Pensions, private sector, trade balance, U.S. dollar
Pages:
65
Volume:
1999
DOI:
Issue:
051
Series:
Country Report No. 1999/051
Stock No:
1ABWEA0021999
ISBN:
9781451800050
ISSN:
1934-7685
