Kingdom of the Netherlands: Aruba: Statistical Appendix

International Monetary Fund

doi:10.5089/9781451800111.002.A001

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Kingdom of the Netherlands

Aruba: Statistical Appendix

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International Monetary Fund

International Monetary Fund
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Publication Date:: 22 Feb 2008

eISBN:: 9781451800111

Language:: English

Keywords:: ISCR; CR; fixed capital capital formation; goods; gross domestic product; cost; net increase; core inflation; broad money growth; imports of goods; public gross fixed capital capital formation

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The statistical data on indicators of tourism activity, gross domestic product (GDP) and components, real GDP, contributions to real GDP growth, changes in consumer price index and legal minimum wages in Aruba are detailed. Summary of trends in public finance, tax revenue, operational budget of the social insurance bank, government debt, balance of payments summary, non-oil balance of payments summary, monetary survey, monetary developments, and contributions to broad money growth have also been included in the given statistical data.

Abstract

Table A1.

Aruba: Indicators of Tourism Activity, 2002-06

(In millions of Aruban florins at current prices; unless otherwise indicated)

Sources: CBA, Quarterly Bulletin; Aruba Tourism Authority; CBS; Aruba Hotel and Tourism Association; and the Cruise Tourism Authority.

Table A1.

Aruba: Indicators of Tourism Activity, 2002-06

(In millions of Aruban florins at current prices; unless otherwise indicated)

		2002	2003	2004	2005	2006
Total revenue (Af. million)		1480.1	1522.6	1882.5	1951.8	1912.2
	(Change in percent)	1.3	2.9	23.6	3.7	-2.0
	(Change in percent, in real terms)	-1.9	-0.8	20.7	0.3	-5.5
Stay-over visitors (thousands)		642.6	641.9	728.2	732.5	694.4
	(Change in percent)	-7.1	-0.1	13.4	0.6	-5.2
Tourist nights (thousands)		4,863	5,098	5,640	5,695	5,471
	(Change in percent)	-5.5	4.8	10.6	1.0	-3.9
Average stay (nights)		7.6	7.9	7.7	7.8	7.9
Expenditure per tourist per day
	(in Aruban florins)	304.4	298.7	333.8	342.8	349.5
Hotel occupancy rate (percent)		70.5	74.3	83.9	83.9	74.3
Cruise tourists (thousands)		582.2	542.3	576.3	552.8	591.5
	(Change in percent)	19.5	-6.8	6.3	-4.1	7.0

Sources: CBA, Quarterly Bulletin; Aruba Tourism Authority; CBS; Aruba Hotel and Tourism Association; and the Cruise Tourism Authority.

Table A1.

Aruba: Indicators of Tourism Activity, 2002-06

(In millions of Aruban florins at current prices; unless otherwise indicated)

		2002	2003	2004	2005	2006
Total revenue (Af. million)		1480.1	1522.6	1882.5	1951.8	1912.2
	(Change in percent)	1.3	2.9	23.6	3.7	-2.0
	(Change in percent, in real terms)	-1.9	-0.8	20.7	0.3	-5.5
Stay-over visitors (thousands)		642.6	641.9	728.2	732.5	694.4
	(Change in percent)	-7.1	-0.1	13.4	0.6	-5.2
Tourist nights (thousands)		4,863	5,098	5,640	5,695	5,471
	(Change in percent)	-5.5	4.8	10.6	1.0	-3.9
Average stay (nights)		7.6	7.9	7.7	7.8	7.9
Expenditure per tourist per day
	(in Aruban florins)	304.4	298.7	333.8	342.8	349.5
Hotel occupancy rate (percent)		70.5	74.3	83.9	83.9	74.3
Cruise tourists (thousands)		582.2	542.3	576.3	552.8	591.5
	(Change in percent)	19.5	-6.8	6.3	-4.1	7.0

Sources: CBA, Quarterly Bulletin; Aruba Tourism Authority; CBS; Aruba Hotel and Tourism Association; and the Cruise Tourism Authority.

Table A2.

Aruba: GDP and Components, 2002-06

(In millions of Aruban florins at current prices)

Source: CBS.

^{^1/}The activities of the oil refinery are registered on a net basis, namely a refining fee is computed and used as the oil sector's output and export. Other goods and/or services imported or exported by the oil-sector are included in the trade figures. Refinery products delivered to Aruban users are registered as import.

Table A2.

Aruba: GDP and Components, 2002-06

(In millions of Aruban florins at current prices)

		2002	2003	2004	2005	2006
Final consumption expenditure at purchasers' prices		2,695	2,842	2,965	3,130	3,310
	Household final consumption expenditure	1,820	1,947	2,041	2,199	2,322
	Government final consumption expenditure	874	894	925	931	988
Gross capital formation		935	1,057	1,129	1,364	1,495
	Private gross capital formation	912	1,007	1,069	1,300	1,430
	Public gross fixed capital formation	23	50	60	64	65
Exports of goods and services ^1/		2,256	2,283	2,574	2,846	2,824
	Exports of goods	277	201	210	283	298
	Tourism exports of goods and services	1,377	1,387	1,603	1,678	1,661
	Regular exports of services	602	696	761	885	865
Imports of goods and services ^1/		2,411	2,564	2,685	3,181	3,295
	Imports of goods	1,491	1,508	1,584	1,908	1,963
	Imports of services	920	1,056	1,102	1,273	1,331
Gross domestic product at market prices		3,475	3,618	3,983	4,159	4,334
	(Change in percent)	1.1	4.1	10.1	4.4	4.2

Source: CBS.

Table A2.

Aruba: GDP and Components, 2002-06

(In millions of Aruban florins at current prices)

		2002	2003	2004	2005	2006
Final consumption expenditure at purchasers' prices		2,695	2,842	2,965	3,130	3,310
	Household final consumption expenditure	1,820	1,947	2,041	2,199	2,322
	Government final consumption expenditure	874	894	925	931	988
Gross capital formation		935	1,057	1,129	1,364	1,495
	Private gross capital formation	912	1,007	1,069	1,300	1,430
	Public gross fixed capital formation	23	50	60	64	65
Exports of goods and services ^1/		2,256	2,283	2,574	2,846	2,824
	Exports of goods	277	201	210	283	298
	Tourism exports of goods and services	1,377	1,387	1,603	1,678	1,661
	Regular exports of services	602	696	761	885	865
Imports of goods and services ^1/		2,411	2,564	2,685	3,181	3,295
	Imports of goods	1,491	1,508	1,584	1,908	1,963
	Imports of services	920	1,056	1,102	1,273	1,331
Gross domestic product at market prices		3,475	3,618	3,983	4,159	4,334
	(Change in percent)	1.1	4.1	10.1	4.4	4.2

Source: CBS.

Table A3.

Aruba: Components of GDP, 2002-06

(In percent of GDP)

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

^{^3/}Exports less imports of goods and services. The activities of the oil refinery are registered on a net basis, namely a refining fee is computed and used as the oil sector's output and export. Other goods and/or services imported or exported by the oil sector are included in the trade figures. Refinery products delivered to Aruban users are registered as import.

Table A3.

Aruba: Components of GDP, 2002-06

(In percent of GDP)

		2002	2003	2004	2005	2006
Gross domestic product		100.0	100.0	100.0	100.0	100.0
Private absorption		78.7	81.6	78.1	84.1	86.6
	Consumption	52.4	53.8	51.2	52.9	53.6
	Private investment ^1/	26.3	27.8	26.8	31.3	33.0
Government absorption		25.8	26.1	24.7	23.9	24.3
	Consumption	25.2	24.7	23.2	22.4	22.8
	Investment ^2/	0.7	1.4	1.5	1.5	1.5
Exports less imports ^3/		-4.5	-7.7	-2.8	-8.1	-10.9
	Goods	-34.9	-36.1	-34.5	-39.1	-38.4
	Services	30.5	28.4	31.7	31.0	27.6

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A3.

Aruba: Components of GDP, 2002-06

(In percent of GDP)

		2002	2003	2004	2005	2006
Gross domestic product		100.0	100.0	100.0	100.0	100.0
Private absorption		78.7	81.6	78.1	84.1	86.6
	Consumption	52.4	53.8	51.2	52.9	53.6
	Private investment ^1/	26.3	27.8	26.8	31.3	33.0
Government absorption		25.8	26.1	24.7	23.9	24.3
	Consumption	25.2	24.7	23.2	22.4	22.8
	Investment ^2/	0.7	1.4	1.5	1.5	1.5
Exports less imports ^3/		-4.5	-7.7	-2.8	-8.1	-10.9
	Goods	-34.9	-36.1	-34.5	-39.1	-38.4
	Services	30.5	28.4	31.7	31.0	27.6

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A4.

Aruba: Real GDP, 2002-06

(In millions of Aruban florins at constant 1995 prices)

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A4.

Aruba: Real GDP, 2002-06

(In millions of Aruban florins at constant 1995 prices)

		2002	2003	2004	2005	2006
Gross domestic product		2,793.0	2,834.1	3,045.5	3,075.9	3,092.9
	(Percent change)	-2.5	1.5	7.5	1.0	0.6
Private absorption		2,102.7	2,313.8	2,378.0	2,587.7	2,677.7
	Consumption	1,469.0	1,525.3	1,560.5	1,626.1	1,657.3
	Private investment ^1/	633.7	788.5	817.5	961.6	1,020.5
Government absorption		751.2	739.9	752.6	736.4	751.0
	Consumption	734.4	700.6	707.0	688.9	704.8
	Investment ^2/	16.8	39.3	45.6	47.4	46.2
Exports less imports ^3/		-61.4	-219.6	-85.2	-248.2	-335.8
	Goods	-751.2	-1,023.6	-1,050.6	-1,202.3	-1,188.5
	Services	689.7	804.1	965.4	954.1	852.7

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A4.

Aruba: Real GDP, 2002-06

(In millions of Aruban florins at constant 1995 prices)

		2002	2003	2004	2005	2006
Gross domestic product		2,793.0	2,834.1	3,045.5	3,075.9	3,092.9
	(Percent change)	-2.5	1.5	7.5	1.0	0.6
Private absorption		2,102.7	2,313.8	2,378.0	2,587.7	2,677.7
	Consumption	1,469.0	1,525.3	1,560.5	1,626.1	1,657.3
	Private investment ^1/	633.7	788.5	817.5	961.6	1,020.5
Government absorption		751.2	739.9	752.6	736.4	751.0
	Consumption	734.4	700.6	707.0	688.9	704.8
	Investment ^2/	16.8	39.3	45.6	47.4	46.2
Exports less imports ^3/		-61.4	-219.6	-85.2	-248.2	-335.8
	Goods	-751.2	-1,023.6	-1,050.6	-1,202.3	-1,188.5
	Services	689.7	804.1	965.4	954.1	852.7

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A5.

Aruba: Contributions to Real GDP Growth, 2002-2006

(In percent)

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A5.

Aruba: Contributions to Real GDP Growth, 2002-2006

(In percent)

		2002	2003	2004	2005	2006
Private absorption		1.4	7.6	2.3	6.9	2.9
	Consumption	0.9	2.0	1.2	2.2	1.0
	Private investment ^1/	0.5	5.5	1.0	4.7	1.9
Government absorption		1.7	-0.4	0.5	-0.5	0.5
	Consumption	1.9	-1.2	0.2	-0.6	0.5
	Investment ^2/	-0.2	0.8	0.2	0.1	0.0
Exports less imports ^3/		-5.6	-5.7	4.7	-5.4	-2.8
	Goods	-2.5	-9.8	-1.0	-5.0	0.4
	Services	-3.1	4.1	5.7	-0.4	-3.3
Real GDP growth		-2.5	1.5	7.5	1.0	0.6
Memorandum item:
	Nominal growth rate	0.7	4.1	10.1	4.4	4.2

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A5.

Aruba: Contributions to Real GDP Growth, 2002-2006

(In percent)

		2002	2003	2004	2005	2006
Private absorption		1.4	7.6	2.3	6.9	2.9
	Consumption	0.9	2.0	1.2	2.2	1.0
	Private investment ^1/	0.5	5.5	1.0	4.7	1.9
Government absorption		1.7	-0.4	0.5	-0.5	0.5
	Consumption	1.9	-1.2	0.2	-0.6	0.5
	Investment ^2/	-0.2	0.8	0.2	0.1	0.0
Exports less imports ^3/		-5.6	-5.7	4.7	-5.4	-2.8
	Goods	-2.5	-9.8	-1.0	-5.0	0.4
	Services	-3.1	4.1	5.7	-0.4	-3.3
Real GDP growth		-2.5	1.5	7.5	1.0	0.6
Memorandum item:
	Nominal growth rate	0.7	4.1	10.1	4.4	4.2

Source: CBS.

^{^1/}Private investment is equal to private gross fixed capital formation and private changes in inventories. The investment of the oil sector is included in these figures.

^{^2/}Public investment is equal to public gross fixed capital formation and public changes in inventories.

Table A6.

Aruba: Changes in Consumer Price Index, 2002-06

(Annual percentage change)

Sources: CBA, Quarterly Bulletin; and CBS.

Table A6.

Aruba: Changes in Consumer Price Index, 2002-06

(Annual percentage change)

		2002	2003	2004	2005	2006
Total		3.3	3.7	2.4	3.4	3.6
	Food	3.3	3.1	3.9	3.8	4.6
	Beverage and tobacco	2.4	4.4	0.6	1.4	3.1
	Clothing and footwear	6.8	4.5	3.8	0.7	1.4
	Housing costs	4.1	5.7	2.1	6.8	7.9
	Housekeeping and furnishings	4.0	2.7	1.9	1.8	1.4
	Recreation and education	2.7	2.4	2.5	2.4	2.5
	Miscellaneous	2.5	2.6	1.5	2.1	2.3
	Medical care	0.0	0.0	0.0	0.0	0.0
	Transport and communications	0.9	2.8	2.4	2.8	1.2
	United States	1.6	2.3	2.7	3.4	3.2
	Netherlands Antilles	0.4	1.6	1.4	4.1	3.1
Core inflation		3.0	2.2	2.0	1.7	1.9

Sources: CBA, Quarterly Bulletin; and CBS.

Table A6.

Aruba: Changes in Consumer Price Index, 2002-06

(Annual percentage change)

		2002	2003	2004	2005	2006
Total		3.3	3.7	2.4	3.4	3.6
	Food	3.3	3.1	3.9	3.8	4.6
	Beverage and tobacco	2.4	4.4	0.6	1.4	3.1
	Clothing and footwear	6.8	4.5	3.8	0.7	1.4
	Housing costs	4.1	5.7	2.1	6.8	7.9
	Housekeeping and furnishings	4.0	2.7	1.9	1.8	1.4
	Recreation and education	2.7	2.4	2.5	2.4	2.5
	Miscellaneous	2.5	2.6	1.5	2.1	2.3
	Medical care	0.0	0.0	0.0	0.0	0.0
	Transport and communications	0.9	2.8	2.4	2.8	1.2
	United States	1.6	2.3	2.7	3.4	3.2
	Netherlands Antilles	0.4	1.6	1.4	4.1	3.1
Core inflation		3.0	2.2	2.0	1.7	1.9

Sources: CBA, Quarterly Bulletin; and CBS.

Table A7.

Aruba: Legal Minimum Wages, 2002-06

(In Aruban florins per month)

Source: Aruban Department of Labor.

Table A7.

Aruba: Legal Minimum Wages, 2002-06

(In Aruban florins per month)

		2002	2003	2004	2005	2006
Category:
	Construction and industry	1,200.0	1,200.0	1,236.0	1,236.0	1,360.0
	Household personnel	560.0	560.0	576.8	576.8	634.5

Source: Aruban Department of Labor.

Table A7.

Aruba: Legal Minimum Wages, 2002-06

(In Aruban florins per month)

		2002	2003	2004	2005	2006
Category:
	Construction and industry	1,200.0	1,200.0	1,236.0	1,236.0	1,360.0
	Household personnel	560.0	560.0	576.8	576.8	634.5

Source: Aruban Department of Labor.

Table A8.

Aruba: Summary of Trends in Public Finance, 2002-06

(In millions of Aruban florins)

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A8.

Aruba: Summary of Trends in Public Finance, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Revenue				754.7	989.0	836.1	909.1	985.2
	Taxes			609.6	687.4	707.1	779.4	850.2
	Nontax revenue			107.7	271.2	97.7	101.0	102.3
	Grants			37.4	30.5	31.2	28.6	32.7
Expenditure				866.0	919.7	1180.4	1034.0	1097.6
	Current expenditure			848.9	876.7	1113.4	969.6	1031.1
		Wage costs		431.3	437.8	566.3	505.1	542.1
			Wages	261.7	265.6	286.2	304.7	309.2
			Employers contributions ^1/	66.0	66.3	157.4	65.4	92.4
			Wage subsidies	103.7	105.9	122.7	135.1	140.6
		Goods and services ^2/		149.4	153.5	191.1	152.9	203.1
		Interest		49.6	45.6	85.9	84.4	97.4
		Items not included elsewhere ^3/		218.7	239.9	270.1	227.1	188.5
	Capital expenditure			17.0	43.0	67.0	64.4	66.5
		Investment		13.3	26.4	34.2	43.2	32.0
		Capital transfers		3.7	16.6	32.7	21.2	34.5
Balance				-111.3	69.3	-344.3	-124.9	-112.4
Statistical discrepancy				-7.5	-17.1	-171.4	-19.1	44.8
Financing				103.8	-86.4	172.9	105.8	157.2
	Nonmonetary sectors			98.5	-191.7	332.3	102.8	167.6
		Net foreign capital		96.0	-200.7	95.6	47.1	58.2
		Net domestic capital		2.5	9.0	236.7	55.7	109.4
	Monetary sectors			-36.2	-19.3	-21.3	-22.8	48.1
	Net lending			-38.4	-103.1	9.3	0.7	7.1
	Change in domestic payment obligations			3.1	21.5	-128.8	26.5	-51.4
Memorandum item:
	Health care fund balance ^4/			-46.0	-31.6	-28.8	-33.9	-3.8

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A8.

Aruba: Summary of Trends in Public Finance, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Revenue				754.7	989.0	836.1	909.1	985.2
	Taxes			609.6	687.4	707.1	779.4	850.2
	Nontax revenue			107.7	271.2	97.7	101.0	102.3
	Grants			37.4	30.5	31.2	28.6	32.7
Expenditure				866.0	919.7	1180.4	1034.0	1097.6
	Current expenditure			848.9	876.7	1113.4	969.6	1031.1
		Wage costs		431.3	437.8	566.3	505.1	542.1
			Wages	261.7	265.6	286.2	304.7	309.2
			Employers contributions ^1/	66.0	66.3	157.4	65.4	92.4
			Wage subsidies	103.7	105.9	122.7	135.1	140.6
		Goods and services ^2/		149.4	153.5	191.1	152.9	203.1
		Interest		49.6	45.6	85.9	84.4	97.4
		Items not included elsewhere ^3/		218.7	239.9	270.1	227.1	188.5
	Capital expenditure			17.0	43.0	67.0	64.4	66.5
		Investment		13.3	26.4	34.2	43.2	32.0
		Capital transfers		3.7	16.6	32.7	21.2	34.5
Balance				-111.3	69.3	-344.3	-124.9	-112.4
Statistical discrepancy				-7.5	-17.1	-171.4	-19.1	44.8
Financing				103.8	-86.4	172.9	105.8	157.2
	Nonmonetary sectors			98.5	-191.7	332.3	102.8	167.6
		Net foreign capital		96.0	-200.7	95.6	47.1	58.2
		Net domestic capital		2.5	9.0	236.7	55.7	109.4
	Monetary sectors			-36.2	-19.3	-21.3	-22.8	48.1
	Net lending			-38.4	-103.1	9.3	0.7	7.1
	Change in domestic payment obligations			3.1	21.5	-128.8	26.5	-51.4
Memorandum item:
	Health care fund balance ^4/			-46.0	-31.6	-28.8	-33.9	-3.8

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A9.

Aruba: Summary of Trends in Public Finance, 2002-06

(In percent of GDP)

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A9.

Aruba: Summary of Trends in Public Finance, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Revenue				21.7	27.3	21.0	21.9	22.7
	Taxes			17.5	19.0	17.8	18.7	19.6
	Nontax revenue			3.1	7.5	2.5	2.4	2.4
	Grants			1.1	0.8	0.8	0.7	0.8
Expenditure				24.9	25.4	29.6	24.9	25.3
	Current expenditure			24.4	24.2	28.0	23.3	23.8
		Wage costs		12.4	12.1	14.2	12.1	12.5
			Wages	7.5	7.3	7.2	7.3	7.1
			Employers contributions ^1/	1.9	1.8	4.0	1.6	2.1
			Wage subsidies	3.0	2.9	3.1	3.2	3.2
		Goods and services ^2/		4.3	4.2	4.8	3.7	4.7
		Interest		1.4	1.3	2.2	2.0	2.2
		Items not included elsewhere ^3/		6.3	6.6	6.8	5.5	4.3
	Capital expenditure			0.5	1.2	1.7	1.5	1.5
		Investment		0.4	0.7	0.9	1.0	0.7
		Capital transfers		0.1	0.5	0.8	0.5	0.8
Balance				-3.2	1.9	-8.6	-3.0	-2.6
Statistical discrepancy				-0.2	-0.5	-4.3	-0.5	1.0
Financing				3.0	-2.4	4.3	2.5	3.6
	Nonmonetary sectors			2.8	-5.3	8.3	2.5	3.9
		Net foreign capital		2.8	-5.5	2.4	1.1	1.3
		Net domestic capital		0.1	0.2	5.9	1.3	2.5
	Monetary sectors			-1.0	-0.5	-0.5	-0.5	1.1
	Net lending			-1.1	-2.8	0.2	0.0	0.2
	Change in domestic payment obligations			0.1	0.6	-3.2	0.6	-1.2
Memorandum item:
	Health care fund balance ^4/			-1.3	-0.9	-0.7	-0.8	-0.1

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A9.

Aruba: Summary of Trends in Public Finance, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Revenue				21.7	27.3	21.0	21.9	22.7
	Taxes			17.5	19.0	17.8	18.7	19.6
	Nontax revenue			3.1	7.5	2.5	2.4	2.4
	Grants			1.1	0.8	0.8	0.7	0.8
Expenditure				24.9	25.4	29.6	24.9	25.3
	Current expenditure			24.4	24.2	28.0	23.3	23.8
		Wage costs		12.4	12.1	14.2	12.1	12.5
			Wages	7.5	7.3	7.2	7.3	7.1
			Employers contributions ^1/	1.9	1.8	4.0	1.6	2.1
			Wage subsidies	3.0	2.9	3.1	3.2	3.2
		Goods and services ^2/		4.3	4.2	4.8	3.7	4.7
		Interest		1.4	1.3	2.2	2.0	2.2
		Items not included elsewhere ^3/		6.3	6.6	6.8	5.5	4.3
	Capital expenditure			0.5	1.2	1.7	1.5	1.5
		Investment		0.4	0.7	0.9	1.0	0.7
		Capital transfers		0.1	0.5	0.8	0.5	0.8
Balance				-3.2	1.9	-8.6	-3.0	-2.6
Statistical discrepancy				-0.2	-0.5	-4.3	-0.5	1.0
Financing				3.0	-2.4	4.3	2.5	3.6
	Nonmonetary sectors			2.8	-5.3	8.3	2.5	3.9
		Net foreign capital		2.8	-5.5	2.4	1.1	1.3
		Net domestic capital		0.1	0.2	5.9	1.3	2.5
	Monetary sectors			-1.0	-0.5	-0.5	-0.5	1.1
	Net lending			-1.1	-2.8	0.2	0.0	0.2
	Change in domestic payment obligations			0.1	0.6	-3.2	0.6	-1.2
Memorandum item:
	Health care fund balance ^4/			-1.3	-0.9	-0.7	-0.8	-0.1

Source: Data provided by the Aruban authorities.

^{^1/}Includes payments of arrears to the public employee pension fund (APFA) and to the health care fund (AZV).

^{^2/}Includes payments of arrears to suppliers.

^{^3/}Includes the balance of the health care fund (AZV).

^{^4/}The health care fund (AZV) was introduced in 2001.

Table A10.

Aruba: Tax Revenue, 2002-06 ^1/

(In millions of Aruban florins)

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax, stamp duties, and succession tax.

Table A10.

Aruba: Tax Revenue, 2002-06 ^1/

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Taxes				609.6	687.4	707.1	779.4	850.2
	Direct taxes			370.6	424.3	410.3	463.2	497.3
		Wage taxes		220.1	234.9	247.2	266.2	296.4
		Income taxes		3.0	-0.6	0.3	2.9	10.7
		Profit taxes		78.3	105.6	74.4	95.6	90.1
		Solidarity tax		0.0	0.0	0.0	0.0	0.0
		Other		69.3	84.4	88.4	98.5	100.2
			Land tax	12.3	27.5	19.0	24.9	26.6
			Hotel room taxes	24.8	25.1	30.5	33.9	32.8
			Gambling taxes	17.1	17.2	23.7	22.2	23.2
			Motor vehicle taxes	15.2	14.7	15.1	17.5	17.7
Indirect taxes				239.0	263.0	296.8	316.3	352.9
	Excises			109.0	119.5	122.9	124.2	113.7
		Gasoline		65.2	68.7	70.0	68.9	58.4
		Tobacco		10.4	12.6	12.0	12.5	13.9
		Beer		20.3	24.3	25.1	25.3	25.8
		Liquor		13.1	13.9	15.8	17.5	15.5
	Import duties			104.5	114.9	132.5	140.7	162.7
	Foreign exchange tax			14.4	14.0	26.2	36.8	62.0
	Other taxes ^2/			11.1	14.6	15.3	14.5	14.5

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax, stamp duties, and succession tax.

Table A10.

Aruba: Tax Revenue, 2002-06 ^1/

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Taxes				609.6	687.4	707.1	779.4	850.2
	Direct taxes			370.6	424.3	410.3	463.2	497.3
		Wage taxes		220.1	234.9	247.2	266.2	296.4
		Income taxes		3.0	-0.6	0.3	2.9	10.7
		Profit taxes		78.3	105.6	74.4	95.6	90.1
		Solidarity tax		0.0	0.0	0.0	0.0	0.0
		Other		69.3	84.4	88.4	98.5	100.2
			Land tax	12.3	27.5	19.0	24.9	26.6
			Hotel room taxes	24.8	25.1	30.5	33.9	32.8
			Gambling taxes	17.1	17.2	23.7	22.2	23.2
			Motor vehicle taxes	15.2	14.7	15.1	17.5	17.7
Indirect taxes				239.0	263.0	296.8	316.3	352.9
	Excises			109.0	119.5	122.9	124.2	113.7
		Gasoline		65.2	68.7	70.0	68.9	58.4
		Tobacco		10.4	12.6	12.0	12.5	13.9
		Beer		20.3	24.3	25.1	25.3	25.8
		Liquor		13.1	13.9	15.8	17.5	15.5
	Import duties			104.5	114.9	132.5	140.7	162.7
	Foreign exchange tax			14.4	14.0	26.2	36.8	62.0
	Other taxes ^2/			11.1	14.6	15.3	14.5	14.5

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax, stamp duties, and succession tax.

Table A11.

Aruba: Tax Revenue, 2002-06 ^1/

(In percent of GDP)

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax and stamp duties.

Table A11.

Aruba: Tax Revenue, 2002-06 ^1/

(In percent of GDP)

				2002	2003	2004	2005	2006
Taxes				17.5	19.0	17.8	18.7	19.6
	Direct taxes			10.7	11.7	10.3	11.1	11.5
		Wage taxes		6.3	6.5	6.2	6.4	6.8
		Income taxes		0.1	0.0	0.0	0.1	0.2
		Profit taxes		2.3	2.9	1.9	2.3	2.1
		Solidarity tax		0.0	0.0	0.0	0.0	0.0
		Other		2.0	2.3	2.2	2.4	2.3
			Land tax	0.4	0.8	0.5	0.6	0.6
			Hotel room taxes	0.7	0.7	0.8	0.8	0.8
			Gambling taxes	0.5	0.5	0.6	0.5	0.5
			Motor vehicle taxes	0.4	0.4	0.4	0.4	0.4
Indirect taxes				6.9	7.3	7.5	7.6	8.1
	Excises			3.1	3.3	3.1	3.0	2.6
		Gasoline		1.9	1.9	1.8	1.7	1.3
		Tobacco		0.3	0.3	0.3	0.3	0.3
		Beer		0.6	0.7	0.6	0.6	0.6
		Liquor		0.4	0.4	0.4	0.4	0.4
	Import duties			3.0	3.2	3.3	3.4	3.8
	Foreign exchange tax			0.4	0.4	0.7	0.9	1.4
	Other taxes ^2/			0.3	0.4	0.4	0.3	0.3

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax and stamp duties.

Table A11.

Aruba: Tax Revenue, 2002-06 ^1/

(In percent of GDP)

				2002	2003	2004	2005	2006
Taxes				17.5	19.0	17.8	18.7	19.6
	Direct taxes			10.7	11.7	10.3	11.1	11.5
		Wage taxes		6.3	6.5	6.2	6.4	6.8
		Income taxes		0.1	0.0	0.0	0.1	0.2
		Profit taxes		2.3	2.9	1.9	2.3	2.1
		Solidarity tax		0.0	0.0	0.0	0.0	0.0
		Other		2.0	2.3	2.2	2.4	2.3
			Land tax	0.4	0.8	0.5	0.6	0.6
			Hotel room taxes	0.7	0.7	0.8	0.8	0.8
			Gambling taxes	0.5	0.5	0.6	0.5	0.5
			Motor vehicle taxes	0.4	0.4	0.4	0.4	0.4
Indirect taxes				6.9	7.3	7.5	7.6	8.1
	Excises			3.1	3.3	3.1	3.0	2.6
		Gasoline		1.9	1.9	1.8	1.7	1.3
		Tobacco		0.3	0.3	0.3	0.3	0.3
		Beer		0.6	0.7	0.6	0.6	0.6
		Liquor		0.4	0.4	0.4	0.4	0.4
	Import duties			3.0	3.2	3.3	3.4	3.8
	Foreign exchange tax			0.4	0.4	0.7	0.9	1.4
	Other taxes ^2/			0.3	0.4	0.4	0.3	0.3

Source: Ministry of Finance, Tax Department.

^{^1/}Cash basis.

^{^2/}Includes property transfer tax and stamp duties.

Table A12.

Aruba: Operational Budget of the Social Insurance Bank (SVB), 2002-06

Source: SVB.

^{^1/}Concerns the same category of insured as those insured for accidents.

Table A12.

Aruba: Operational Budget of the Social Insurance Bank (SVB), 2002-06

						2002	2003	2004	2005	2006
						(In millions of Aruban florins)
Total contributions						180.7	198.9	196.3	186.4	194.8
Total benefits						152.0	157.2	165.3	193	197.8
Administrative and interest costs						11.5	12.0	15.1	15.3	14
		Administrative costs				9.3	9.5	11.5	11.3	10.7
		Interest costs				2.2	2.5	3.6	4	3.3
Overall balance						17.3	29.6	15.9	-21.9	-17
Old age and widowers and orphans insurance
	Contributions					150.2	158.9	154.5	139.8	165.2
	Benefits					136.7	138.4	145.9	169.5	173.1
	Administrative and interest costs					1.6	2.6	4.2	2.5	1.7
		Administrative costs				2.4	2.7	3.8	2.2	1.9
		Interest costs				-0.8	-0.1	0.4	0.3	-0.2
	Balance					11.9	17.9	4.4	-32.2	-9.6
Sickness and accident insurance
	Contributions					29.9	39.1	39.7	44.8	28.0
	Benefits					14.7	18.5	18.9	22.6	24.2
	Administrative and interest costs					10.4	9.9	11.1	13	12.6
		Administrative costs				6.5	6.4	7.3	8.7	8.3
		Interest costs				3.9	3.5	3.8	4.3	4.3
	Balance					4.8	10.7	9.7	9.2	-8.8
Severance insurance
	Contributions					0.6	0.9	2.1	1.8	1.6
	Interest revenues					0.9	0.9	0.6	0.6	0.8
	Benefits					0.6	0.3	0.5	0.9	0.5
	Administrative costs					0.4	0.4	0.4	0.4	0.5
	Balance					0.6	1.0	1.8	1.1	1.4
						(Overall balances in percent of GDP)
Total contributions						5.2	5.5	4.9	4.5	4.5
Total benefits						4.4	4.3	4.2	4.6	4.6
Administrative and interest costs						0.3	0.3	0.4	0.4	0.3
		Administrative costs				0.3	0.3	0.3	0.3	0.2
		Interest costs				0.1	0.1	0.1	0.1	0.1
Overall balance						0.5	0.8	0.4	-0.5	-0.4
Old age and widowers and orphans insurance
	Contributions					4.3	4.4	3.9	3.4	3.8
	Benefits					3.9	3.8	3.7	4.1	4.0
	Administrative and interest costs					0.0	0.1	0.1	0.1	0.0
		Administrative costs				0.1	0.1	0.1	0.1	0.0
		Interest costs				0.0	0.0	0.0	0.0	0.0
	Balance					0.3	0.5	0.1	-0.8	-0.2
						(Overall balances in percent of GDP)
Sickness and accident insurance
	Contributions					0.9	1.1	1.0	1.1	0.6
	Benefits					0.4	0.5	0.5	0.5	0.6
	Administrative and interest costs					0.3	0.3	0.3	0.3	0.3
		Administrative costs				0.2	0.2	0.2	0.2	0.2
		Interest costs				0.1	0.1	0.1	0.1	0.1
	Balance					0.1	0.3	0.2	0.2	-0.2
Severance insurance
	Contributions					0.02	0.02	0.05	0.04	0.04
	Interest revenues					0.03	0.02	0.02	0.01	0.02
	Benefits					0.02	0.01	0.01	0.02	0.01
	Administrative costs					0.01	0.01	0.01	0.01	0.01
	Balance					0.02	0.03	0.05	0.03	0.03
Memorandum items:						(Number of beneficiaries or insured)
			Number of beneficiaries per category
				Old age and widowers and orphans insurance		11,465	11,949	…	14,208	15,193
					Old age	10,225	10,640	…	13,159	14,112
					Widowers and orphans	1,240	1,309	…	1,049	1,081
				Sickness and accident insurance		10,166	11,383	…	…	…
					Sickness	9,413	10,797	…	…	…
					Accident	753	586	…	…	…
				Severance insurance		174	59	…	…	…
			Number of insured per category
					Old age and widowers and orphans insurance	145,032	156,889	…	…	…
					Old age	61,938	73,475	…	…	…
					Widowers and orphans	83,094	83,414	…	…	…
				Sickness and accident insurance		62,278	63,733	…	…	…
					Sickness	29,233	29,310	…	…	…
					Accident	33,045	34,423	…	…	…
				Severance insurance ^1/		33,045	34,423	…	…	…

Source: SVB.

^{^1/}Concerns the same category of insured as those insured for accidents.

Table A12.

Aruba: Operational Budget of the Social Insurance Bank (SVB), 2002-06

						2002	2003	2004	2005	2006
						(In millions of Aruban florins)
Total contributions						180.7	198.9	196.3	186.4	194.8
Total benefits						152.0	157.2	165.3	193	197.8
Administrative and interest costs						11.5	12.0	15.1	15.3	14
		Administrative costs				9.3	9.5	11.5	11.3	10.7
		Interest costs				2.2	2.5	3.6	4	3.3
Overall balance						17.3	29.6	15.9	-21.9	-17
Old age and widowers and orphans insurance
	Contributions					150.2	158.9	154.5	139.8	165.2
	Benefits					136.7	138.4	145.9	169.5	173.1
	Administrative and interest costs					1.6	2.6	4.2	2.5	1.7
		Administrative costs				2.4	2.7	3.8	2.2	1.9
		Interest costs				-0.8	-0.1	0.4	0.3	-0.2
	Balance					11.9	17.9	4.4	-32.2	-9.6
Sickness and accident insurance
	Contributions					29.9	39.1	39.7	44.8	28.0
	Benefits					14.7	18.5	18.9	22.6	24.2
	Administrative and interest costs					10.4	9.9	11.1	13	12.6
		Administrative costs				6.5	6.4	7.3	8.7	8.3
		Interest costs				3.9	3.5	3.8	4.3	4.3
	Balance					4.8	10.7	9.7	9.2	-8.8
Severance insurance
	Contributions					0.6	0.9	2.1	1.8	1.6
	Interest revenues					0.9	0.9	0.6	0.6	0.8
	Benefits					0.6	0.3	0.5	0.9	0.5
	Administrative costs					0.4	0.4	0.4	0.4	0.5
	Balance					0.6	1.0	1.8	1.1	1.4
						(Overall balances in percent of GDP)
Total contributions						5.2	5.5	4.9	4.5	4.5
Total benefits						4.4	4.3	4.2	4.6	4.6
Administrative and interest costs						0.3	0.3	0.4	0.4	0.3
		Administrative costs				0.3	0.3	0.3	0.3	0.2
		Interest costs				0.1	0.1	0.1	0.1	0.1
Overall balance						0.5	0.8	0.4	-0.5	-0.4
Old age and widowers and orphans insurance
	Contributions					4.3	4.4	3.9	3.4	3.8
	Benefits					3.9	3.8	3.7	4.1	4.0
	Administrative and interest costs					0.0	0.1	0.1	0.1	0.0
		Administrative costs				0.1	0.1	0.1	0.1	0.0
		Interest costs				0.0	0.0	0.0	0.0	0.0
	Balance					0.3	0.5	0.1	-0.8	-0.2
						(Overall balances in percent of GDP)
Sickness and accident insurance
	Contributions					0.9	1.1	1.0	1.1	0.6
	Benefits					0.4	0.5	0.5	0.5	0.6
	Administrative and interest costs					0.3	0.3	0.3	0.3	0.3
		Administrative costs				0.2	0.2	0.2	0.2	0.2
		Interest costs				0.1	0.1	0.1	0.1	0.1
	Balance					0.1	0.3	0.2	0.2	-0.2
Severance insurance
	Contributions					0.02	0.02	0.05	0.04	0.04
	Interest revenues					0.03	0.02	0.02	0.01	0.02
	Benefits					0.02	0.01	0.01	0.02	0.01
	Administrative costs					0.01	0.01	0.01	0.01	0.01
	Balance					0.02	0.03	0.05	0.03	0.03
Memorandum items:						(Number of beneficiaries or insured)
			Number of beneficiaries per category
				Old age and widowers and orphans insurance		11,465	11,949	…	14,208	15,193
					Old age	10,225	10,640	…	13,159	14,112
					Widowers and orphans	1,240	1,309	…	1,049	1,081
				Sickness and accident insurance		10,166	11,383	…	…	…
					Sickness	9,413	10,797	…	…	…
					Accident	753	586	…	…	…
				Severance insurance		174	59	…	…	…
			Number of insured per category
					Old age and widowers and orphans insurance	145,032	156,889	…	…	…
					Old age	61,938	73,475	…	…	…
					Widowers and orphans	83,094	83,414	…	…	…
				Sickness and accident insurance		62,278	63,733	…	…	…
					Sickness	29,233	29,310	…	…	…
					Accident	33,045	34,423	…	…	…
				Severance insurance ^1/		33,045	34,423	…	…	…

Source: SVB.

^{^1/}Concerns the same category of insured as those insured for accidents.

Table A13.

Aruba: Government Debt, 2002-06

Sources: Data provided by the authorities, and IMF staff estimates.

^{^1/}Includes debt of AZV from 2003 onward.

Table A13.

Aruba: Government Debt, 2002-06

				2002	2003	2004	2005	2006
				(In millions of Aruban florins)
Total				1,614.5	1,477.6	1,716.5	1,881.6	1,994.7
	Domestic debt ^1/			720.9	753.5	880.2	1,024.7	1,060.9
		Tradable		189.1	218.5	320.9	377.1	352.8
			Short term	48.0	48.0	48.0	48.0	48.0
			Long term	141.1	170.5	272.9	329.1	304.8
		Nontradable		531.8	535.0	559.3	647.6	708.1
			Short term	279.6	304.7	166.7	193.2	141.8
			Long term	252.2	230.3	392.6	454.4	566.3
	Foreign debt			893.7	724.2	836.3	856.9	933.8
		Netherlands		199.6	217.0	213.1	171.6	169.7
		European investment bank		15.0	13.6	14.3	12.0	12.8
		Other		679.0	493.6	608.9	673.4	751.3
				(In percent of GDP)
Total				46.5	40.8	43.1	45.2	46.0
	Domestic debt ^1/			20.7	20.8	22.1	24.6	24.5
		Tradable		5.4	6.0	8.1	9.1	8.1
			Short term	1.4	1.3	1.2	1.2	1.1
			Long term	4.1	4.7	6.9	7.9	7.0
		Nontradable		15.3	14.8	14.0	15.6	16.3
			Short term	8.0	8.4	4.2	4.6	3.3
			Long term	7.3	6.4	9.9	10.9	13.1
	Foreign debt			25.7	20.0	21.0	20.6	21.5
		Netherlands		5.7	6.0	5.3	4.1	3.9
		European investment bank		0.4	0.4	0.4	0.3	0.3
		Other		19.5	13.6	15.3	16.2	17.3

Sources: Data provided by the authorities, and IMF staff estimates.

^{^1/}Includes debt of AZV from 2003 onward.

Table A13.

Aruba: Government Debt, 2002-06

				2002	2003	2004	2005	2006
				(In millions of Aruban florins)
Total				1,614.5	1,477.6	1,716.5	1,881.6	1,994.7
	Domestic debt ^1/			720.9	753.5	880.2	1,024.7	1,060.9
		Tradable		189.1	218.5	320.9	377.1	352.8
			Short term	48.0	48.0	48.0	48.0	48.0
			Long term	141.1	170.5	272.9	329.1	304.8
		Nontradable		531.8	535.0	559.3	647.6	708.1
			Short term	279.6	304.7	166.7	193.2	141.8
			Long term	252.2	230.3	392.6	454.4	566.3
	Foreign debt			893.7	724.2	836.3	856.9	933.8
		Netherlands		199.6	217.0	213.1	171.6	169.7
		European investment bank		15.0	13.6	14.3	12.0	12.8
		Other		679.0	493.6	608.9	673.4	751.3
				(In percent of GDP)
Total				46.5	40.8	43.1	45.2	46.0
	Domestic debt ^1/			20.7	20.8	22.1	24.6	24.5
		Tradable		5.4	6.0	8.1	9.1	8.1
			Short term	1.4	1.3	1.2	1.2	1.1
			Long term	4.1	4.7	6.9	7.9	7.0
		Nontradable		15.3	14.8	14.0	15.6	16.3
			Short term	8.0	8.4	4.2	4.6	3.3
			Long term	7.3	6.4	9.9	10.9	13.1
	Foreign debt			25.7	20.0	21.0	20.6	21.5
		Netherlands		5.7	6.0	5.3	4.1	3.9
		European investment bank		0.4	0.4	0.4	0.3	0.3
		Other		19.5	13.6	15.3	16.2	17.3

Sources: Data provided by the authorities, and IMF staff estimates.

^{^1/}Includes debt of AZV from 2003 onward.

Table A14.

Aruba: Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A14.

Aruba: Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Current Account				-600.6	-282.5	96.9	-373.8	-116.3
	Merchandise trade balance			-959.1	-622.7	-422.1	-10.0	-308.3
		Exports of goods		2,663.2	3,673.2	4,875.1	6,234.6	6,566.5
		Imports of goods		3,622.3	4,295.9	5,297.2	6,244.7	6,874.8
	Services			706.0	568.7	820.1	708.0	597.0
		Exports of services		1,791.3	1,871.1	2,233.7	2,334.2	2,356.9
		Imports of services		1,085.3	1,302.4	1,413.6	1,626.2	1,759.9
			Of which: Travel and tourism	1,207.9	1,199.0	1,499.1	1,567.9	1,503.2
	Income and current transfers			-347.5	-228.5	-301.1	-1,071.8	-405.0
		Income		-224.0	-75.3	-116.2	-846.1	-188.3
		Current transfers		-123.5	-153.2	-184.9	-225.7	-216.7
Financial and capital account				645.8	172.2	-102.6	321.3	215.2
	Financial account			607.7	-7.3	-136.5	288.1	177.4
			Direct investment	602.3	274.6	272.7	240.2	1,097.7
			Portfolio investment	135.2	74.8	58.8	-14.1	-72.0
			Loans to general government	-39.0	82.0	-23.4	-5.7	-24.7
			Banking sector (net increase in liabilities)	32.9	-3.8	-17.1	20.1	42.8
			Other	-123.7	-434.9	-427.5	47.6	-866.4
	Capital account			38.1	179.5	33.9	33.2	37.8
Errors and omissions				26.7	45.3	8.5	12.8	-0.3
Change in reserves (-=increase) ^1/				-71.9	65.0	-2.8	39.7	-98.6

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A14.

Aruba: Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Current Account				-600.6	-282.5	96.9	-373.8	-116.3
	Merchandise trade balance			-959.1	-622.7	-422.1	-10.0	-308.3
		Exports of goods		2,663.2	3,673.2	4,875.1	6,234.6	6,566.5
		Imports of goods		3,622.3	4,295.9	5,297.2	6,244.7	6,874.8
	Services			706.0	568.7	820.1	708.0	597.0
		Exports of services		1,791.3	1,871.1	2,233.7	2,334.2	2,356.9
		Imports of services		1,085.3	1,302.4	1,413.6	1,626.2	1,759.9
			Of which: Travel and tourism	1,207.9	1,199.0	1,499.1	1,567.9	1,503.2
	Income and current transfers			-347.5	-228.5	-301.1	-1,071.8	-405.0
		Income		-224.0	-75.3	-116.2	-846.1	-188.3
		Current transfers		-123.5	-153.2	-184.9	-225.7	-216.7
Financial and capital account				645.8	172.2	-102.6	321.3	215.2
	Financial account			607.7	-7.3	-136.5	288.1	177.4
			Direct investment	602.3	274.6	272.7	240.2	1,097.7
			Portfolio investment	135.2	74.8	58.8	-14.1	-72.0
			Loans to general government	-39.0	82.0	-23.4	-5.7	-24.7
			Banking sector (net increase in liabilities)	32.9	-3.8	-17.1	20.1	42.8
			Other	-123.7	-434.9	-427.5	47.6	-866.4
	Capital account			38.1	179.5	33.9	33.2	37.8
Errors and omissions				26.7	45.3	8.5	12.8	-0.3
Change in reserves (-=increase) ^1/				-71.9	65.0	-2.8	39.7	-98.6

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A15.

Aruba: Balance of Payments Summary, 2002-06

(In percent of GDP)

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A15.

Aruba: Balance of Payments Summary, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Current Account				-17.3	-7.8	2.4	-9.0	-2.7
	Merchandise trade balance			-27.6	-17.2	-10.6	-0.2	-7.1
		Exports of goods		76.6	101.5	122.4	149.9	151.5
		Imports of goods		104.3	118.7	133.0	150.2	158.6
	Services			20.3	15.7	20.6	17.0	13.8
		Exports of services		34.8	33.1	37.6	37.7	34.7
		Imports of services		51.6	51.7	56.1	56.1	54.4
			Of which: Travel and tourism	31.2	36.0	35.5	39.1	40.6
	Income and current transfers			-10.0	-6.3	-7.6	-25.8	-9.3
		Income		-6.4	-2.1	-2.9	-20.3	-4.3
		Current transfers		-3.6	-4.2	-4.6	-5.4	-5.0
Financial and capital account				18.6	4.8	-2.6	7.7	5.0
	Financial account			17.5	-0.2	-3.4	6.9	4.1
			Direct investment	17.3	7.6	6.8	5.8	25.3
			Portfolio investment	3.9	2.1	1.5	-0.3	-1.7
			Loans to general government	-1.1	2.3	-0.6	-0.1	-0.6
			Banking sector (net increase in liabilities)	0.9	-0.1	-0.4	0.5	1.0
			Other	-3.6	-12.0	-10.7	1.1	-20.0
	Capital account			1.1	5.0	0.9	0.8	0.9
Errors and omissions				0.8	1.3	0.2	0.3	0.0
Change in reserves (-=increase) ^1/				-2.1	1.8	-0.1	1.0	-2.3

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A15.

Aruba: Balance of Payments Summary, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Current Account				-17.3	-7.8	2.4	-9.0	-2.7
	Merchandise trade balance			-27.6	-17.2	-10.6	-0.2	-7.1
		Exports of goods		76.6	101.5	122.4	149.9	151.5
		Imports of goods		104.3	118.7	133.0	150.2	158.6
	Services			20.3	15.7	20.6	17.0	13.8
		Exports of services		34.8	33.1	37.6	37.7	34.7
		Imports of services		51.6	51.7	56.1	56.1	54.4
			Of which: Travel and tourism	31.2	36.0	35.5	39.1	40.6
	Income and current transfers			-10.0	-6.3	-7.6	-25.8	-9.3
		Income		-6.4	-2.1	-2.9	-20.3	-4.3
		Current transfers		-3.6	-4.2	-4.6	-5.4	-5.0
Financial and capital account				18.6	4.8	-2.6	7.7	5.0
	Financial account			17.5	-0.2	-3.4	6.9	4.1
			Direct investment	17.3	7.6	6.8	5.8	25.3
			Portfolio investment	3.9	2.1	1.5	-0.3	-1.7
			Loans to general government	-1.1	2.3	-0.6	-0.1	-0.6
			Banking sector (net increase in liabilities)	0.9	-0.1	-0.4	0.5	1.0
			Other	-3.6	-12.0	-10.7	1.1	-20.0
	Capital account			1.1	5.0	0.9	0.8	0.9
Errors and omissions				0.8	1.3	0.2	0.3	0.0
Change in reserves (-=increase) ^1/				-2.1	1.8	-0.1	1.0	-2.3

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A16.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A16.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Current Account				-323.5	-347.0	-243.8	-315.1	-566.5
	Merchandise trade balance			-994.6	-1,105.3	-1,225.9	-1,318.4	-1,389.9
		Exports of goods		150.1	114.2	103.2	110.4	139.7
		Imports of goods		1,144.7	1,219.5	1,329.1	1,428.8	1,529.6
	Services			991.1	952.0	1,239.0	1,297.7	1,169.0
		Exports of services		1,783.9	1,863.1	2,223.9	2,325.0	2,352.5
		Imports of services		792.8	911.1	984.9	1,027.3	1,183.5
			Of which: Travel and tourism	1,207.9	1,199.0	1,499.1	1,567.9	1,503.2
	Income and current transfers			-320.0	-193.7	-256.9	-294.4	-345.6
		Income		-224.0	-74.8	-116.2	-137.2	-188.4
		Current transfers		-96.0	-118.9	-140.7	-157.2	-157.2
Financial and capital account				368.7	236.7	238.1	262.6	665.4
	Financial account			330.6	57.2	204.2	229.4	627.6
			Direct investment	180.2	224.8	197.1	247.8	587.6
			Portfolio investment	136.1	76.3	59.4	-13.5	-70.7
			Loans to general government	-39.0	82.0	-23.4	-5.7	-24.7
			Banking sector (net increase in liabilities)	84.7	140.2	52.2	71.7	160.7
			Other	-31.4	-466.1	-81.1	-70.9	-25.3
	Capital account			38.1	179.5	33.9	33.2	37.8
Errors and omissions				26.7	45.3	8.5	12.8	-0.3
Change in reserves (-=increase) ^1/				-71.9	65.0	-2.8	39.7	-98.6

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A16.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In millions of Aruban florins)

				2002	2003	2004	2005	2006
Current Account				-323.5	-347.0	-243.8	-315.1	-566.5
	Merchandise trade balance			-994.6	-1,105.3	-1,225.9	-1,318.4	-1,389.9
		Exports of goods		150.1	114.2	103.2	110.4	139.7
		Imports of goods		1,144.7	1,219.5	1,329.1	1,428.8	1,529.6
	Services			991.1	952.0	1,239.0	1,297.7	1,169.0
		Exports of services		1,783.9	1,863.1	2,223.9	2,325.0	2,352.5
		Imports of services		792.8	911.1	984.9	1,027.3	1,183.5
			Of which: Travel and tourism	1,207.9	1,199.0	1,499.1	1,567.9	1,503.2
	Income and current transfers			-320.0	-193.7	-256.9	-294.4	-345.6
		Income		-224.0	-74.8	-116.2	-137.2	-188.4
		Current transfers		-96.0	-118.9	-140.7	-157.2	-157.2
Financial and capital account				368.7	236.7	238.1	262.6	665.4
	Financial account			330.6	57.2	204.2	229.4	627.6
			Direct investment	180.2	224.8	197.1	247.8	587.6
			Portfolio investment	136.1	76.3	59.4	-13.5	-70.7
			Loans to general government	-39.0	82.0	-23.4	-5.7	-24.7
			Banking sector (net increase in liabilities)	84.7	140.2	52.2	71.7	160.7
			Other	-31.4	-466.1	-81.1	-70.9	-25.3
	Capital account			38.1	179.5	33.9	33.2	37.8
Errors and omissions				26.7	45.3	8.5	12.8	-0.3
Change in reserves (-=increase) ^1/				-71.9	65.0	-2.8	39.7	-98.6

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A17.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In percent of GDP)

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A17.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Current Account				-9.3	-9.6	-6.1	-7.6	-13.1
	Merchandise trade balance			-28.6	-30.5	-30.8	-31.7	-32.1
		Exports of goods		4.3	3.2	2.6	2.7	3.2
		Imports of goods		32.9	33.7	33.4	34.4	35.3
	Services			28.5	26.3	31.1	31.2	27.0
		Exports of services		34.8	33.1	37.6	37.7	34.7
		Imports of services		51.3	51.5	55.8	55.9	54.3
			Of which: Travel and tourism	22.8	25.2	24.7	24.7	27.3
	Income and current transfers			-9.2	-5.4	-6.5	-7.1	-8.0
		Income		-6.4	-2.1	-2.9	-3.3	-4.3
		Current transfers		-2.8	-3.3	-3.5	-3.8	-3.6
Financial and capital account				10.6	6.5	6.0	6.3	15.4
	Financial account			9.5	1.6	5.1	5.5	14.5
			Direct investment	5.2	6.2	4.9	6.0	13.6
			Portfolio investment	3.9	2.1	1.5	-0.3	-1.6
			Loans to general government	-1.1	2.3	-0.6	-0.1	-0.6
			Banking sector (net increase in liabilities)	2.4	3.9	1.3	1.7	3.7
			Other	-0.9	-12.9	-2.0	-1.7	-0.6
	Capital account			1.1	5.0	0.9	0.8	0.9
Errors and omissions				0.8	1.3	0.2	0.3	0.0
Change in reserves (-=increase) ^1/				-2.1	1.8	-0.1	1.0	-2.3

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A17.

Aruba: Non Oil Balance of Payments Summary, 2002-06

(In percent of GDP)

				2002	2003	2004	2005	2006
Current Account				-9.3	-9.6	-6.1	-7.6	-13.1
	Merchandise trade balance			-28.6	-30.5	-30.8	-31.7	-32.1
		Exports of goods		4.3	3.2	2.6	2.7	3.2
		Imports of goods		32.9	33.7	33.4	34.4	35.3
	Services			28.5	26.3	31.1	31.2	27.0
		Exports of services		34.8	33.1	37.6	37.7	34.7
		Imports of services		51.3	51.5	55.8	55.9	54.3
			Of which: Travel and tourism	22.8	25.2	24.7	24.7	27.3
	Income and current transfers			-9.2	-5.4	-6.5	-7.1	-8.0
		Income		-6.4	-2.1	-2.9	-3.3	-4.3
		Current transfers		-2.8	-3.3	-3.5	-3.8	-3.6
Financial and capital account				10.6	6.5	6.0	6.3	15.4
	Financial account			9.5	1.6	5.1	5.5	14.5
			Direct investment	5.2	6.2	4.9	6.0	13.6
			Portfolio investment	3.9	2.1	1.5	-0.3	-1.6
			Loans to general government	-1.1	2.3	-0.6	-0.1	-0.6
			Banking sector (net increase in liabilities)	2.4	3.9	1.3	1.7	3.7
			Other	-0.9	-12.9	-2.0	-1.7	-0.6
	Capital account			1.1	5.0	0.9	0.8	0.9
Errors and omissions				0.8	1.3	0.2	0.3	0.0
Change in reserves (-=increase) ^1/				-2.1	1.8	-0.1	1.0	-2.3

Sources: Central Bank of Aruba; and staff estimates.

^{^1/}Including gold, excluding revaluation differences.

Table A18.

Aruba: Monetary Survey, 2002-06

(In millions of Aruban florins, end of period)

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A18.

Aruba: Monetary Survey, 2002-06

(In millions of Aruban florins, end of period)

				2002	2003	2004	2005	2006
Net foreign assets				699	638	658	598	651
	Central bank ^1/			611	546	549	510	608
	Commercial banks			88	91	109	88	43
Net domestic assets				1,335	1,576	1,628	1,829	1,841
	Domestic credit			1,703	1,922	2,039	2,256	2,305
		Public sector		-62	-43	-21	1	-47
			Central government	9	37	79	120	90
			Development aid	-71	-79	-100.7	-118.1	-136.3
		Private sector		1,765	1,964	2,060	2,255	2,352
			Enterprises	836	926	952	967	1,026
			Consumer credit	409	435	479	529	534
			Housing mortgages	491	550	587	710	753
			Other	28	54	42	50	38
	Other items (net)			-368	-345	-410.9	-427.1	-463.9
Money supply (M2)				2,034	2,214	2,285	2,427	2,492
	Money (M1)			845	933	961	965	1,055
	Quasi-money			1,189	1,281	1,325	1,462	1,437

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A18.

Aruba: Monetary Survey, 2002-06

(In millions of Aruban florins, end of period)

				2002	2003	2004	2005	2006
Net foreign assets				699	638	658	598	651
	Central bank ^1/			611	546	549	510	608
	Commercial banks			88	91	109	88	43
Net domestic assets				1,335	1,576	1,628	1,829	1,841
	Domestic credit			1,703	1,922	2,039	2,256	2,305
		Public sector		-62	-43	-21	1	-47
			Central government	9	37	79	120	90
			Development aid	-71	-79	-100.7	-118.1	-136.3
		Private sector		1,765	1,964	2,060	2,255	2,352
			Enterprises	836	926	952	967	1,026
			Consumer credit	409	435	479	529	534
			Housing mortgages	491	550	587	710	753
			Other	28	54	42	50	38
	Other items (net)			-368	-345	-410.9	-427.1	-463.9
Money supply (M2)				2,034	2,214	2,285	2,427	2,492
	Money (M1)			845	933	961	965	1,055
	Quasi-money			1,189	1,281	1,325	1,462	1,437

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A19.

Aruba: Monetary Developments, 2002-06

(Percent change)

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

^{^2/}Stock series is typically low and contains negative values; percent change calculations based on the convention that a less negative number or a change to a positive number constitute an increase in domestic credit to the public sector.

Table A19.

Aruba: Monetary Developments, 2002-06

(Percent change)

				2001	2002	2003	2004	2005	2006
Net foreign assets				24.4	5.9	-8.8	3.1	-9.1	8.9
	Central bank ^1/			37.8	13.3	-10.6	0.5	-7.2	19.3
	Commercial banks			-13.3	-27.3	4.3	18.7	-18.5	-51.1
Net domestic assets				-2.3	13.1	18.1	3.2	12.4	0.7
	Domestic credit			2.1	10.3	12.8	6.1	10.7	2.2
		Public sector ^2/		-2,236.4	-141.2	31.3	50.0	106.6	-3,435.7
			Central government ^2/	-74.0	60.7	306.7	116.9	50.5	-25.0
			Development aid ^2/	-38.5	-126.8	-11.5	-27.1	-17.3	-15.4
		Private sector		3.7	12.4	11.3	4.9	9.5	4.3
			Enterprises	1.4	13.0	10.8	2.8	1.5	6.2
			Consumer credit	2.6	11.6	6.2	10.2	10.5	1.0
			Housing mortgages	11.1	10.4	11.9	6.7	21.0	6.1
			Other	-28.3	55.5	89.8	-21.8	17.9	-23.0
	Other items (net)			19.4	1.3	-6.3	19.1	3.9	8.6
Money supply (M2)				5.9	10.5	8.9	3.2	6.2	2.7
	Money (M1)			17.6	20.5	10.5	3.0	0.4	9.4
	Quasi-money			-0.2	4.3	7.7	3.4	10.4	-1.7

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A19.

Aruba: Monetary Developments, 2002-06

(Percent change)

				2001	2002	2003	2004	2005	2006
Net foreign assets				24.4	5.9	-8.8	3.1	-9.1	8.9
	Central bank ^1/			37.8	13.3	-10.6	0.5	-7.2	19.3
	Commercial banks			-13.3	-27.3	4.3	18.7	-18.5	-51.1
Net domestic assets				-2.3	13.1	18.1	3.2	12.4	0.7
	Domestic credit			2.1	10.3	12.8	6.1	10.7	2.2
		Public sector ^2/		-2,236.4	-141.2	31.3	50.0	106.6	-3,435.7
			Central government ^2/	-74.0	60.7	306.7	116.9	50.5	-25.0
			Development aid ^2/	-38.5	-126.8	-11.5	-27.1	-17.3	-15.4
		Private sector		3.7	12.4	11.3	4.9	9.5	4.3
			Enterprises	1.4	13.0	10.8	2.8	1.5	6.2
			Consumer credit	2.6	11.6	6.2	10.2	10.5	1.0
			Housing mortgages	11.1	10.4	11.9	6.7	21.0	6.1
			Other	-28.3	55.5	89.8	-21.8	17.9	-23.0
	Other items (net)			19.4	1.3	-6.3	19.1	3.9	8.6
Money supply (M2)				5.9	10.5	8.9	3.2	6.2	2.7
	Money (M1)			17.6	20.5	10.5	3.0	0.4	9.4
	Quasi-money			-0.2	4.3	7.7	3.4	10.4	-1.7

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A20.

Aruba: Contributions to Broad Money Growth, 2002-06

(Change in percent of broad money at the beginning of the period)

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A20.

Aruba: Contributions to Broad Money Growth, 2002-06

(Change in percent of broad money at the beginning of the period)

				2002	2003	2004	2005	2006
Net foreign assets				2.1	-3.0	0.9	-2.6	2.2
	Central bank ^1/			3.9	-3.2	0.1	-1.7	4.1
	Commercial banks			-1.8	0.2	0.8	-0.9	-1.9
Net domestic assets				8.4	11.9	2.3	8.8	0.5
	Net domestic credit			8.6	10.7	5.3	9.5	2.0
		Public sector		-2.0	1.0	1.0	1.0	-2.0
			Central government	0.2	1.4	1.9	1.8	-1.2
			Development aid	-2.2	-0.4	-1.0	-0.8	-0.7
		Private sector		10.6	9.8	4.3	8.5	4.0
			Enterprises	5.2	4.4	1.2	0.6	2.5
			Consumer credit	2.3	1.2	2.0	2.2	0.2
			Housing mortgages	2.5	2.9	1.7	5.4	1.8
			Other	0.5	1.2	-0.5	0.3	-0.5
	Other items (net)			-0.3	1.1	-3.0	-0.7	-1.5
Broad money				10.5	8.9	3.2	6.2	2.7
	Money (M1)			7.8	4.4	1.2	0.2	3.7
	Quasi-money			2.7	4.5	2.0	6.0	-1.0

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

Table A20.

Aruba: Contributions to Broad Money Growth, 2002-06

(Change in percent of broad money at the beginning of the period)

				2002	2003	2004	2005	2006
Net foreign assets				2.1	-3.0	0.9	-2.6	2.2
	Central bank ^1/			3.9	-3.2	0.1	-1.7	4.1
	Commercial banks			-1.8	0.2	0.8	-0.9	-1.9
Net domestic assets				8.4	11.9	2.3	8.8	0.5
	Net domestic credit			8.6	10.7	5.3	9.5	2.0
		Public sector		-2.0	1.0	1.0	1.0	-2.0
			Central government	0.2	1.4	1.9	1.8	-1.2
			Development aid	-2.2	-0.4	-1.0	-0.8	-0.7
		Private sector		10.6	9.8	4.3	8.5	4.0
			Enterprises	5.2	4.4	1.2	0.6	2.5
			Consumer credit	2.3	1.2	2.0	2.2	0.2
			Housing mortgages	2.5	2.9	1.7	5.4	1.8
			Other	0.5	1.2	-0.5	0.3	-0.5
	Other items (net)			-0.3	1.1	-3.0	-0.7	-1.5
Broad money				10.5	8.9	3.2	6.2	2.7
	Money (M1)			7.8	4.4	1.2	0.2	3.7
	Quasi-money			2.7	4.5	2.0	6.0	-1.0

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

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Kingdom of the Netherlands: Aruba: Statistical Appendix

Author:

International Monetary Fund

Volume/Issue:: Volume 2008: Issue 079

Publisher:: International Monetary Fund

ISBN:: 9781451800111

ISSN:: 1934-7685

Pages:: 23

DOI:: https://doi.org/10.5089/9781451800111.002

Keywords

Table A20.

Aruba: Contributions to Broad Money Growth, 2002-06

(Change in percent of broad money at the beginning of the period)

				2002	2003	2004	2005	2006
Net foreign assets				2.1	-3.0	0.9	-2.6	2.2
	Central bank ^1/			3.9	-3.2	0.1	-1.7	4.1
	Commercial banks			-1.8	0.2	0.8	-0.9	-1.9
Net domestic assets				8.4	11.9	2.3	8.8	0.5
	Net domestic credit			8.6	10.7	5.3	9.5	2.0
		Public sector		-2.0	1.0	1.0	1.0	-2.0
			Central government	0.2	1.4	1.9	1.8	-1.2
			Development aid	-2.2	-0.4	-1.0	-0.8	-0.7
		Private sector		10.6	9.8	4.3	8.5	4.0
			Enterprises	5.2	4.4	1.2	0.6	2.5
			Consumer credit	2.3	1.2	2.0	2.2	0.2
			Housing mortgages	2.5	2.9	1.7	5.4	1.8
			Other	0.5	1.2	-0.5	0.3	-0.5
	Other items (net)			-0.3	1.1	-3.0	-0.7	-1.5
Broad money				10.5	8.9	3.2	6.2	2.7
	Money (M1)			7.8	4.4	1.2	0.2	3.7
	Quasi-money			2.7	4.5	2.0	6.0	-1.0

Source: CBA, Quarterly and Monthly Bulletins.

^{^1/}Including gold, excluding revaluation differences.

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