Aruba

Aruba is an island in the Caribbean Sea located north of Venezuela with a total population of approximately 119,428 inhabitants.

The island covers an area of approximately 180 sq. km, almost all of which is land, averaging some 663 persons per sq. km. Of the total land available 11.1% or 20 sq. km is arable. Almost 2.3% of the total land available or 4 sq. km is covered with forests.

The island’s total GDP is valued at 2.7 billion. The services sector is the island’s largest GDP contributor accounting for 66.3% of total GDP or 1.79 billion. The services sector is followed by industry which accounts for 33.3% or 0.90 billion of total GDP and agriculture which accounts for 0.4% or 0.01 billion of total GDP.

The island’s total labor force is estimated at 51,610 or 43.21% of the total population. The island’s main industries are tourism, petroleum transshipment facilities and banking. 

The island’s main agricultural produce include aloes, livestock and fish. The island’s primary exports are life animals and animal products, art and collectibles, machinery and electrical equipment, and transport equipment.

Aruba’s biggest trading partner is the United States which accounts for 20.2% of all exports and 53.7% of all imports. The island shares very good ties with the United States. Other export partners include Colombia 17.6%, Venezuela 13%, Netherlands 9.1%, Thailand 8.4%, and Panama 4.8%. Other major import partners include the Netherlands 13.1%.