Statistica

Date:June
Thecurre
Thecurre
to an Afl.
goodsacc
in 2013, d
decline in
thenono
thegoods
in 2013 b
othergoo

Theincom
Afl. 55.6
hotels. Fu
financiali
In contras
bytransa
millionsu
grosstou
Afl. 70.3
2
2
1
1
1
1
2
2
alNewsRel
e16,2014
entaccount
entaccounto
184.9 millio
countoftheo
due to the cl
n exports of g
oilsectorexp
sandincome
because of hig
ods.
meaccountd
million rise in
urthermore,
nstrumentsi
st, the service
ctionsofthe
urplus,i.e.,Af
rismreceipts
million comp
2,500.0
2,000.0
1,500.0
1,000.0
500.0
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
Goods

CE
lease
ofthebala
fthebalance
n surplus in
oilsectorfrom
losure of the
goods, than t
andedbyAfl
accounts.Th
gher import
eficitwidene
n dividend pa
income paym
ncreasedby,
e account su
nonoilsecto
fl.110.6millio
(7.1percent
pared to a y
2009
Services
ENTRALE

nceofpaym
eofpayment
2012 (Chart
manAfl.325.
e refinery in
that of impor
.42.1million
hegoodsacco
payments rel
edbyAfl.92.
ayments by d
ments on dir
respectively,
rplus rose by
or.Theservic
on(6.3perce
t).Additional
year earlier. T
2010
Chart1:Cur
(In
Income
1
BANK VA

mentsrecord
spostedanA
1). This shift
.4millionsur
March 2012.
rts of goods.
ntoAfl.86.9
ountdeficitro
lated to mac
3milliontoA
domestic corp
ect investme
Afl.19.2mill
y Afl. 180.9 m
ceaccountof
ent)higherth
ly,theservice
This resulted
20
rrentaccountb
nAfl.million)
Currentt

AN ARUBA

dedanAfl.4
Afl.458.9mil
was caused
plusin2012
This outcom
Additionally,
millionin201
osebyAfl.83
hinery and e
Afl.291.0mil
porations ma
ent loans and
lionandAfl.1
million to Afl.
fthenonoil
hanin2012,l
eaccountde
d from an Af
011
balance
transfers
A

458.9million
lliondeficitin
mainly by a
intoanAfl.3
me was attrib
, the current
13,reflecting
.1milliontoA
electrotechnic
llion,stemmi
ainly to foreig
d portfolio in
14.5million.
1,866.9 milli
sectorrecord
largelyonacc
eficitoftheo
fl. 20.8 millio
2012
Currentacco

ndeficitin2
n2013,inco
turnaround i
57.3milliond
buted to a st
account def
ghigherdefic
Afl.1,575.4m
cal equipmen
nglargelyfro
gn sharehold
nvestment re
ion, mostly ca
dedanAfl.1,
countofincr
ilsectorshra
on rise in se
2013
ountbalances

2013.
ntrast
in the
deficit
eeper
icit of
citson
million
nt and

oman
ers of
elated
aused
873.0
eased
ankby
rvices

receipts,largelyowingtoitstransshipmentactivities.Also,theservicespaymentsfellbyAfl.49.6million
mainlybecauseofsubstantiallylowerimportrelatedfreightpayments.
ThecurrenttransfersaccountdeficitofthenonoilsectorfellbyAfl.22.7milliontoAfl.93.5million,due
partially to higher current transfers receipts by the government. These were related to grants received
fromtheEuropeanDevelopmentFundassociatedwiththebudgetsupporttowardstheimplementation
oftheNationalEducationPlan20072017.
ThecapitalandfinancialaccountturnedfromanAfl.174.3millionnetoutflowin2012intoanAfl.310.5
millionnetinflowin2013.Contributoryfactorstothisturnaroundweredirectinvestmentandportfolio
investmentrelatedtransactions.DirectinvestmentpostedanAfl.283.2millionnetinflowcomparedto
an Afl. 588.4 million net outflow in 2012. This shift resulted mainly from lower intercompany trade
creditrelatedtransactionsoftheoilsectorandhigherintercompanyloansreceivedbythenonoilsector
inparticularthehotels.Inaddition,theportfolioinvestmentregisteredanetinflowofAfl.116.8million,
which is Afl. 144.0 million lower than the preceding year. This drop was mainly caused by higher
payments on matured government bonds that were issued on the international capital market in the
years2003and2008andadvancepaymentsontheairportrevenuebondsduein2015issuedbyAruba
AirportAuthorityN.V.OtherinvestmentrecordedanAfl.95.6millionnetoutflowin2013,comparedto
anAfl.148.3millionnetinflowin2012,reflectingahugedropinthetradecreditrelatedtransactionsof
theoilsectorwithnotaffiliatedforeigncompanies.Incontrast,netoutflowofotherinvestmentofthe
nonoil sector shrank by 24.3 percent, compared to a year earlier, largely attributed to higher loans
received.
Overall, the balance of payments posted an Afl. 157.0 million deficit in 2013, compared to a mere Afl.
1.6millionsurplusin2012(Chart2).Thisoutcomereflecteddecreasesinboththeofficialreservesand
thenetforeignassetsofthecommercialbankof,respectively,Afl.77.2millionandAfl.79.8million.A
netsaleofAfl.326.1millioninforeignexchangetotheoilsectorandanetpurchaseofAfl.246.3million
in foreign exchange from the nonoil sector contributed to the fall in the net foreign assets of the
commercialbanks.

200.0
100.0
0.0
100.0
200.0
300.0
2009 2010 2011 2012 2013
Chart2:Overallbalance
(inAfl.million)