FATF Status

Aruba is not on the FATF List of Countries that have been identified as having strategic AML deficiencies.

Aruba's economy is predominantly driven by tourism, which constitutes about 75% of its gross national product, alongside petroleum refining and offshore banking. The island boasts a high standard of living, with a GDP per capita of approximately $42,300 in 2022, although it faces challenges such as high public debt exceeding 80% of GDP and vulnerability to external economic shocks.

Aruba presents a favorable investment climate, marked by a stable political environment and a legal framework that safeguards foreign investments. The government has established free trade zones with tax incentives to encourage business operations, although the economy's heavy reliance on tourism poses risks to investor confidence amid external shocks.