The 2010 CIA World Factbook. United States. Central Intelligence Agency
type:
parliamentary democracy
Capital:
name: Oranjestad
geographic coordinates: 12 31 N, 70 02 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Administrative divisions:
none (part of the Kingdom of the Netherlands)
Independence:
none (part of the Kingdom of the Netherlands)
National holiday:
Flag Day, 18 March (1976)
Constitution:
1 January 1986
Legal system:
based on Dutch civil law system with some English common law influence
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen BEATRIX of the Netherlands (since 30 April 1980); represented by Governor General Fredis REFUNJOL (since 11 May 2004)
head of government: Prime Minister Michiel Godfried (Mike) EMAN (since 30 October 2009)
cabinet: Council of Ministers elected by the Staten (For more information visit the World Leaders website ) elections: the monarchy is hereditary; governor general appointed for a six-year term by the monarch; prime minister and deputy prime minister elected by the Staten for four-year terms; election last held in 2009 (next to be held by 2013)
election results: Mike EMAN elected prime minister; percent of legislative vote - NA
Legislative branch:
unicameral Legislature or Staten (21 seats; members elected by direct popular vote to serve four-year terms)
elections: last held on 25 September 2009 (next to be held in 2013)
election results: percent of vote by party - AVP 48%, MEP 35.9%, PDR 5.7%; seats by party - AVP 12, MEP 8, PDR 1
Judicial branch:
Common Court of Justice, Joint High Court of Justice (judges appointed by the monarch)
Political parties and leaders:
Aliansa/Aruban Social Movement or MSA [Robert WEVER]; Aruban Liberal Organization or OLA [Glenbert CROES]; Aruban Patriotic Movement or MPA [Monica ARENDS-KOCK]; Aruban Patriotic Party or PPA [Benny NISBET]; Aruban People's Party or AVP [Mike EMAN]; People's Electoral Movement Party or MEP [Nelson O. ODUBER]; Real Democracy or PDR [Andin BIKKER]; RED [Rudy LAMPE]; Workers Political Platform or PTT [Gregorio WOLFF]
Political pressure groups and leaders:
other: environmental groups
International organization participation:
Caricom (observer), FATF, ILO, IMF, Interpol, IOC, ITUC, UNESCO (associate), UNWTO (associate), UPU
Diplomatic representation in the US:
none (represented by the Kingdom of the Netherlands); note - Mr. Henry BAARH, Minister Plenipotentiary for Aruba at the Embassy of the Kingdom of the Netherlands
Diplomatic representation from the US:
the US does not have an embassy in Aruba; the Consul General to Curacao is accredited to Aruba
Flag description:
blue, with two narrow, horizontal, yellow stripes across the lower portion and a red, four-pointed star outlined in white in the upper hoist-side corner; the star represents Aruba and its red soil and white beaches, its four points the four major languages (Papiamento, Dutch, Spanish, English) as well as the four points of a compass, to indicate that its inhabitants come from all over the world; the blue symbolizes Caribbean waters and skies; the stripes represent the island's two main "industries": the flow of tourists to the sun-drenched beaches and the flow of minerals from the earth
National anthem:
name: "Aruba Deshi Tera" (Aruba Precious Country)
lyrics/music: Juan Chabaya 'Padu' LAMPE/Rufo Inocencio WEVER
note: local anthem adopted 1986; as part of the Kingdom of the Netherlands, "Het Wilhelmus" is official (see Netherlands)
Economy ::Aruba
Economy - overview:
Tourism is the mainstay of the small open Aruban economy, together with offshore banking. Oil refining and storage ended in 2009. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Over 1.5 million tourists per year visit Aruba with 75% of those from the US. Construction continues to boom with hotel capacity five times the 1985 level. Tourist arrivals rebounded strongly following a dip after the 11 September 2001 attacks. The government has made cutting the budget and trade deficits a high priority.
GDP (purchasing power parity):
$2.258 billion (2005 est.) country comparison to the world: 181 $2.205 billion (2004 est.)
GDP (official exchange rate):
$2.258 billion (2005 est.)
GDP - real growth rate:
2.4% (2005 est.) country comparison to the world: 141
GDP - per capita (PPP):
$21,800 (2004 est.) country comparison to the world: 59
GDP - composition by sector:
agriculture: 0.4%
industry: 33.3%
services: 66.3% (2002 est.)
Labor force:
41,500 (2004 est.) country comparison to the world: 194
Labor force - by occupation:
agriculture: NA%
industry: NA%
services: NA%
note: most employment is in wholesale and retail trade and repair, followed by hotels and restaurants; oil refining
Unemployment rate:
6.9% (2005 est.) country comparison to the world: 67
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Public debt:
46.3% of GDP (2005) country comparison to the world: 57
Inflation rate (consumer prices):
3.4% (2005) country comparison to the world: 100
Central bank discount rate:
3% (31 December 2009) country comparison to the world: 85 5% (31 December 2008)
Commercial bank prime lending rate:
10.77% (31 December 2009 est.) country comparison to the world: 80 11.23% (31 December 2008 est.)
Stock of narrow money:
$865 million (31 December 2009) country comparison to the world: 140 $781 million (31 December 2008)
Stock of broad money:
$1.771 billion (31 December 2009 est.) country comparison to the world: 146 $1.671 billion (31 December 2008 est.)
Stock of domestic credit:
$1.333 billion (31 December