Aruba Reort

Aruba Reort - ARUBA 1 ARUBA I. INTRODUCTION: Aruba is an...

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1 ARUBA
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2 ARUBA I. INTRODUCTION : Aruba is an island in the Caribbean Sea, 19 miles north of the Venezuelan coast. This member country of the Kingdom of the Netherlands has a total area of 193 square kilometers, which is 19.6 miles long and 6 miles across. It is a flat, riverless island with scant vegetation and renowned for its white sand beaches. Its tropical climate is moderated by constant trade winds from the Atlantic Ocean. There is little seasonal temperature variation so the temperature is almost constant at about 81 degrees Fahrenheit. Although hurricanes frequent the Caribbean, Aruba lies outside the Caribbean hurricane belt and is rarely threatened. ( www.cia.gov ). Aruba is on Atlantic Standard Time year round (equivalent to Eastern Daylight Savings Time). II. SOCIOECONOMIC AND CULTURAL FACTORS According to the Central Intelligence Agency, in December 2008, Aruba had an estimated population of 101,541 people. The estimated average age of the population is 37.6 years old; however, the estimated average age of males is 35.8 years old, and the estimated average age of females is 39.3 years old. About 70% of the population is between the ages of 15-64 years old, which is good for the Aruban labor force that stimulates Aruba's economy. The table below, which was obtained from the Central Bureau of Statistics, illustrates the level of education of Aruba’s labor force in the years 1991 and 2000. As of February 2008, the estimated unemployment rate was 3.8% ( www.imf.org ).
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3 Education characteristics of the labor force (in percentages), 1991 and 2000 1991 2000 Basic level (primary education or lower, first level of secondary education, second level of secondary education) 84.2 80.4 Intermediate level (higher education but not university degree) 7.3 10.3 High level ( university degree, post graduate university degree) 8.5 9.2 TOTAL : 100.0 100.0 Source: CBS ( www.cbaruba.org ) The Aruban population’s ethnic background is 80% mixed white/Caribbean Amerindian, and 20% other. Their religions consist of Roman Catholic 80.8%, Protestant 9%, other (includes Hindu, Muslim, Confucian, Jewish) 5.6%, and none or unspecified 4.6%. According to a 2000 census, these islanders speak a variety of languages such as Papiamento (a Spanish-Portuguese-Dutch-English dialect) 66.3%, Spanish 12.6%, English (widely spoken) 7.7%, Dutch (official) 5.8%, other 2.2%, and unspecified or unknown 5.3%. ( www.cia.gov ) With so many different countries that have migrated to Aruba, it is no wonder that they have a culture of intermingling values, customs, and traditions. The Aruban people are the product of these cultural fusions and their stability, constancy, and fun-loving philosophy is reflected by the people’s love for music and celebration. Even though the islanders are laid back and casual, any form of public nudity is banned in Aruba; and, although topless sunbathing and swimming is not against the law, most resort owners won’t permit visitors to do it in their premises. ( http://www.associatedcontent.com
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This note was uploaded on 02/29/2012 for the course FIN 4604 taught by Professor Samiquemarch during the Spring '11 term at FIU.

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Aruba Reort - ARUBA 1 ARUBA I. INTRODUCTION: Aruba is an...

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