| ARUBA
ECONOMY |
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About half of the Aruban Gross National Product is earned with tourism or
related activities. Most of the tourists are from the Americas, notably the
United States which is the country's largest trading partner. Oil processing
is the dominant industry in Aruba, despite the expansion of the tourism
sector. The size of the agriculture and manufacturing industries remain
minimal. |
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| Deficit spending has been a staple in Aruba's history and modestly high
inflation has been present as well, although recent efforts at tightening
monetary policy may correct this. Aruba receives some development aid from
the Dutch government each year. The Aruban guilder has a fixed exchange rate
with the United States dollar of 1.78:1. |
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