https://www.confiduss.com/en/jurisdictions/aruba/economy/finance/ - Finance of Aruba

The monthly minimum wage in Aruba is $959. When it comes to consumer prices, Aruba's inflation rate is -2%. The currency of Aruba is the Aruba Florin. The plural form of the word Aruba Florin is Florin. The symbol used for this currency is ƒ, abbreviated as AWG. The Aruba florin is divided into cents; there are 100 in a guilder. Consumers spend around $1,450 million every year. The ratio of consumer spending to GDP in Aruba is 56.53% and the ratio of consumer spending to world consumer market is 0.42%. The corporate income tax in Aruba is 28%. Personal income tax ranges from 7% to 58.95% depending on your specific situation and income level. Sales tax in Aruba is 1.5% and is known as the business sales tax.

Gross domestic product
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Aruba is US$3 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) in Aruba was last seen at $23,810. PPP in Aruba is considered good compared to other countries. Good PPP shows that citizens in this country rarely find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with good PPP are relatively safe places to invest. The total gross domestic product (GDP) in Aruba is 3 billion. Based on this statistic, Aruba is considered to be a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Aruba was last recorded at $24,274. The average citizen of Aruba has a high net worth. Countries with high per capita wealth employ highly skilled workers with competitive wages. Working in countries with high levels of prosperity is expensive compared to countries with lower GDP per capita. However, it is easy to find highly qualified employees in Aruba. The annual GDP growth rate in Aruba averaged 2.4% in 2014. According to this percentage, Aruba is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.