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1 2010 International Monetary Fund October 2010 IMF Country Report No. 10/335 October 6, 2010 January 29, 2001 January 29, 2001 January 29, 2001 January 29, 2001 Kingdom of the Netherlands Aruba: Statistical Appendix This statistical appendix on the Kingdom of the Netherlands Aruba was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on October 6, The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Aruba or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund Publication Services th Street, N.W. Washington, D.C Telephone: (202) Telefax: (202) publications@imf.org Internet: International Monetary Fund Washington, D.C.

2 INTERNATIONAL MONETARY FUND KINGDOM OF THE NETHERLANDS ARUBA Statistical Appendix Prepared by Johannes Wiegand and Vladimir Munteanu Approved by the European Department October 6, 2010 Contents Page A1. Aruba: Indicators of Tourism Activity, A2. Aruba: Components of GDP, A3. Aruba: Real GDP, A4. Aruba: Contributions to Real GDP Growth, A5. Aruba: Changes in Consumer Price Index, A6. Aruba: Legal Minimum Wages, A7. Aruba: Operations of the Central Government, A8. Aruba: Operational Budget of the Social Insurance Bank (SVB), A9. Aruba: Financial Balance of AZV, A10. Aruba: Balance of Payments Summary, A11. Aruba: Balance of Payments Summary, A12. Aruba: Non-Oil Balance of Payments Summary, A13. Aruba: Non-Oil Balance of Payments Summary, A14. Aruba: Bank-Like Institutions Balance Sheet, A15. Aruba: Life Insurance Companies Balance Sheet, A16. Aruba: Pension Funds Balance Sheet, A17. Aruba: Construction Indicators, A18. Aruba: Utilities, A19. Aruba: Housing Mortgages,

3 2 Table A1. Aruba: Indicators of Tourism Activity, (Millions of Aruban florins at current prices; unless otherwise indicated) Total revenue 1,953 1,926 2,244 2,523 2,320 (percent change) (percent change, in real terms) Stay-over visitors (thousands) (percent change) Tourist nights (thousands) 5,695 5,471 5,880 6,265 6,173 (percent change) Average stay (nights) Expenditure per tourist (Aruban florins) Hotel occupancy rate (percent) Cruise tourists (thousands) (percent change) Sources: CBA, Quarterly Bulletin; Aruba Tourism Authority; CBS; Aruba Hotel and Tourism Association; and the Cruise Tourism Authority. Table A2. Aruba: Components of GDP, (Percent of GDP) Gross domestic product Private absorption Consumption Private investment 1/ Government absorption Consumption Investment 2/ Net exports 3/ Export of goods and services Import of goods and services 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 delivere to Aruban users are registered as import.

4 3 Table A3. Aruba: Real GDP, (Millions of Aruban florins at constant 1995 prices) Gross domestic product 2,973 3,006 3,048 3,069 2,832 (percent change) Private absorption 2,732 2,847 2,963 2,959 2,610 Consumption 1,633 1,665 1,773 1,743 1,645 Private investment 1/ 1,099 1,182 1,190 1, Government absorption Consumption Investment 2/ Net exports 3/ Export of goods and services 2,164 2,103 2,180 2,334 2,018 Import of goods and services 2,656 2,676 2,786 2,938 2,540 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 A4. Aruba: Contributions to Real GDP Growth, (Percent) Private absorption Consumption Private investment 1/ Government absorption Consumption Investment 2/ Exports less imports 3/ Goods Services Real GDP growth Memorandum item: Nominal growth rate / 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.

5 4 Table A5. Aruba: Changes in Consumer Price Index, (Annual percentage change) Total index Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing Household operation Health Transport Communications Recreation and culture Education Restaurants and hotels Miscellaneous goods and services Aruba Aruba (excl. energy-related components) Aruba (excl. energy- & food-related components) United States Curacao The Netherlands Real exchange rate index (1995=100) 1/ Sources: CBA; CBS Aruba; CBS Netherlands; CBS Netherlands Antilles; Bureau of Labor Statistics. 1/ Relative to the U.S.A. Based on CPI 12-month averages Category Construction and industry 1,360 1,460 1,505 1,543 Household personnel Source: Aruban Department of Labor. Table A6. Aruba: Legal Minimum Wages, (Aruban florins per month)

6 5 Table A7. Aruba: Operations of the Central Government, (Millions of Aruban florins) Total revenue , , ,108.9 Tax revenue Income and profit Commodities Property Services Turnover (B.B.O.) Foreign exchange Non tax revenue Grants Other Total expenditure , , ,149.3 Current expenditure ,024.1 Wage related costs Wages Employers contributions Wage subsidies Goods and services Transfer to AZV Other Subsidies Transfers Contributions/settlements Capital expenditure Investment Development fund spending Lending Lending Repayments Primary balance Interest Domestic External Overall balance Financing Domestic Banks Loans Disbursed Repaid Deposits Non-Bank Disbursed Repaid Central bank Loans Deposits Foreign Disbursed Repaid Unmet financing requirements (arrears) Memorandum items: Gross debt 2,012 2,140 2,050 2,180 Domestic debt 1,078 1,158 1,005 1,113 Foreign debt ,045 1,066 Gross assets (govt. deposits) Net debt 1,824 1,945 1,753 1,882 Sources: Aruban authorities; and IMF staff estimates.

7 6 Table A8. Aruba: Operational Budget of the Social Insurance Bank (SVB), (Millions of Aruban florins) Total contributions Total benefits Administrative and interest costs Administrative costs Interest costs Overall balance Old age and widowers and orphans insurance Contributions Benefits Administrative and interest costs Administrative costs Interest costs Balance Sickness and accident insurance Contributions Benefits Administrative and interest costs Administrative costs Interest costs Balance Severance insurance Contributions Interest revenues Benefits Administrative costs Balance (Overall balances, percent of GDP) Total contributions Total benefits Administrative and interest costs Administrative costs Interest costs Overall balance Old age and widowers and orphans insurance Contributions Benefits Administrative and interest costs Administrative costs Interest costs Balance Sickness and accident insurance Contributions Benefits Administrative and interest costs Administrative costs Interest costs Balance Severance insurance Contributions Interest revenues Benefits Administrative costs Balance Memorandum items: Number of beneficiaries per category Old age and widowers and orphans insurance 27,367 15,193 16,355 17,113 17,880 Old age 14,208 14,112 14,582 15,312 16,081 Widowers and orphans 13,159 1,081 1,773 1,801 1,799 Sickness and accident insurance... 33,901 31,682 35,820 35,321 Sickness... 31,372 29,414 33,440 33,589 Accident... 2,529 2,268 2,380 1,732 Severance insurance Number of insured per category Old age and widowers and orphans insurance , , , ,766 Old age... 68,573 69,103 70,121 70,883 Widowers and orphans... 68,573 69,103 70,121 70,883 Sickness and accident insurance... 65,821 67,376 69,893 67,176 Sickness... 30,048 30,589 31,917 30,716 Accident... 35,773 36,787 37,976 36,460 Severance insurance 1/... 35,773 36,787 37,976 36,460 Source: SVB. 1/ Concerns the same category of insured as those insured for accidents.

8 7 Table A9. Aruba: Financial Balance of AZV, (Percent of GDP) Revenue Expenditures Health Management Other Costs Deficit Transfer from Central Govt Primary Transfer Additional Transfer Sources: Aruban authorities; and IMF staff estimates. Current account Merchandise trade balance Exports of goods 6,235 6,564 4,817 6,632 2,588 Imports of goods 6,197 6,777 5,107 7,520 3,434 Services ,018 1,009 1,387 Exports of services 2,334 2,373 2,709 3,029 2,866 Imports of services 1,633 1,792 1,691 2,019 1,479 Of which: Travel and tourism 1,606 1,553 1,778 1,988 1,800 Income and current transfers -1, Income Current transfers Financial and capital account Financial account Direct investment 214 1, Portfolio investment (including banking transactions) Loans to general government Banking sector (net increase in liabilities) Other Capital account Errors and omissions Change in reserves (-=increase) 1/ Sources: Central Bank of Aruba; and staff estimates. 1/ Including gold, excluding revaluation differences. Table A10. Aruba: Balance of Payments Summary, (Millions of Aruban florins)

9 8 Table A11. Aruba: Balance of Payments Summary, (Percent of GDP) Current account Merchandise trade balance Exports of goods Imports of goods Services Exports of services Imports of services Of which: Travel and tourism Income and current transfers Income Current transfers Financial and capital account Financial account Direct investment Portfolio investment Loans to general government Banking sector (net increase in liabilities) Other Capital account Errors and omissions Change in reserves (-=increase) 1/ Sources: Central Bank of Aruba; and staff estimates. 1/ Including gold, excluding revaluation differences.

10 9 Table A12. Aruba: Non-Oil Balance of Payments Summary, (Millions of Aruban florins) Current account Merchandise trade balance -1,335-1,415-1,407-1,478-1,335 Exports of goods Imports of goods 1,360 1,441 1,425 1,505 1,357 Services 1,293 1,148 1,469 1,650 1,604 Exports of services 2,325 2,365 2,704 3,021 2,859 Imports of services 1,032 1,217 1,235 1,370 1,256 Of which: Travel and tourism (net) 1,598 1,548 1,774 1,983 1,794 Income and current transfers Income Current transfers Financial and capital account Financial account Direct investment Portfolio investment Loans to general government Banking sector (net increase in liabilities) Other Capital account Errors and omissions Change in reserves (-=increase) 1/ Sources: Central Bank of Aruba; and staff estimates. 1/ Including gold, excluding revaluation differences. Table A13. Aruba: Non-Oil Balance of Payments Summary, (Percent of GDP) Current Account Merchandise trade balance Exports of goods Imports of goods Services Exports of services Imports of services Of which: Travel and tourism (net) Income and current transfers Income Current transfers Financial and capital account Financial account Direct investment Portfolio investment Loans to general government Banking sector (net increase in liabilities) Other Capital account Errors and omissions Change in reserves (-=increase) 1/ Sources: Central Bank of Aruba; and staff estimates. 1/ Including gold, excluding revaluation differences.

11 10 Table A14. Aruba: Bank-Like Institutions Balance Sheet, (Millions of Aruban florins, end of period) 1/ Assets Cash and due from banks Investments Loans Commercial 2/ Individuals 3/ Government Other assets Total assets Capital and liabilities Deposits Borrowings Commercial Individuals Government Other liabilities Capital and reserves 4/ Total capital and liabilities Source: Central Bank of Aruba. 1/ Preliminary figures 2/ Corrected for loan loss provisions. 3/ Corrected for unearned income. 4/ Including general (unallocated) reserves. Table A 15: Aruba: Life Insurance Companies Balance Sheet, (Millions of Aruban florins, end of period) Assets Investments Shares Bonds Real estate Time deposits Mortgage loans Other loans Fixed assets Due from affiliated companies Current assets Total assets Capital and liabilities Technical provisions Long-term liabilities Due to affiliated companies Current liabilities Capital and reserves Total capital and liabilities Source: Central Bank of Aruba.

12 11 Table A 16: Aruba: Pension Funds Balance Sheet, (Millions of Aruban florins, end of period) 1/ Assets Investments Shares Bonds Real estate Time deposits Mortgage loans Other investments Fixed assets Current assets Total assets Capital and liabilities Technical provisions Long-term liabilities Current liabilities Capital and reserves Total capital and liabilities Source: Central Bank of Aruba. 1/ Preliminary figures Table A17. Aruba: Construction Indicators, Number of construction permits granted 1,584 1,303 1, Houses 1, Apartments Office buildings Stores and shopping malls Others Total value of construction permits (Afl. million) Houses Apartments Office buildings Stores and shopping malls Others Total cement imported (x 1,000 Kg) 88,719 78,413 77,832 67,040 49,746 Number of electrical installations approved 2,763 2,463 2,138 2,272 2,021 Houses Apartments Enterprises Others 1,352 1,321 1,028 1,120 1,124 Sources: Department of Public Works; Department of Technical Inspection; CBS.

13 12 Table A18. Aruba: Utilities, Water Quantity (x 1,000 m3) 11,399 11,474 11,750 11,445 11,383 Value (Afl. million) Connected premises 34,905 35,989 36,824 37,992 38,857 Electricity Quantity (x 1,000 KWH) 759, , , , ,909 Value (Afl. million) Connections 40,765 41,502 42,419 43,062 43,635 Number of users 36,737 37,630 38,495 39,207 39,743 Gas Quantity (x 1,000 pounds) 19,133 19,275 19,979 20,486 20,511 Value (Afl. million) Households 7,416 7,387 7,355 7,496 7,654 Commercial users 11,717 11,888 12,624 12,990 12,857 Utilities index Sources: WEB Aruba N.V.; N.V. ELMAR; Arugas N.V.

14 Table A19. Aruba: Housing Mortgages, (Millions of Aruban florins, end of period) Commercial Mortgage Pension Life insurance Other Total banks banks funds companies (1) (2) (3) (4) (5) (6) Source: Central Bank of Aruba.