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Kingdom of the Netherlands—Aruba: Staff Report for the 2015 Article IV Consultation Discussions

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  • International Monetary Fund

Abstract

This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years—the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The tourism sector—the mainstay of the Aruban economy—is envisaged to grow, albeit at a slower rate. Moreover, domestic demand is slated to recover notably amid subsiding policy uncertainty and as key public-private partnership projects move forward.

Suggested Citation

  • International Monetary Fund, 2015. "Kingdom of the Netherlands—Aruba: Staff Report for the 2015 Article IV Consultation Discussions," IMF Staff Country Reports 2015/116, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/116
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