The economy is expected to grow at a moderate pace in 2023 as the post-pandemic rebound in tourist arrivals wanes. Inflation is projected to decelerate with lowing domestic demand and lower international commodity prices.

The Aruban economy recovered to the pre-pandemic level of real GDP by 2022, supported by a robust rebound in tourism. The fiscal position has been improving but the debt-to-GDP ratio remains above the pre-pandemic level. The banking sector is well capitalized, liquid, and profitable. Restoring macroeconomic balance and bolstering medium-term growth are the principal policy tasks facing the authorities.

Annual GDP: 3,000 million USD

Annual Tourists: approx 1,100,000

Total Population: appprox 0.106766 million

Total Working Population: approx 53,000

Population Density: 593 persons per square kilometre

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