Aruba is an island of the Lesser Antilles in the southern Caribbean Sea, north of the coast of Venezuela and east of the Guajira Peninsula (Colombia). The climate is tropical, marine, and semi-arid. The official languages are the local Papiamento and Dutch. English and Spanish are also widely spoken. The main religion is Christianity. The economy of Aruba economy is dominated by five main industries: gold mining, phosphate mining, aloe export, petroleum refineries, and tourism. In Aruba business is generally conducted in formal settings, in Dutch and English. Men typically wear lightweight suits for business meetings. Ties are usually only worn at formal meetings. Women hold positions at all levels and usually wear lightweight suits or dresses in the office. The security risk for expatriates in Aruba is low. Risks include street crime and petty theft, and occasional clashes between drug gangs. Other risks include those related to hurricanes. The currency of Aruba is the Aruban Florin (AWG) which is fixed to the US dollar. US dollars are also accepted throughout the Island. Local currency and US dollar ATM machines can be found all over the islands. Major credit cards are generally accepted in most tourist establishments. Medical facilities are limited. Cases of Chikungunya virus have been reported. The population of Aruba is 105,000 (2018 est.), while the inflation rate (CPI) is 5.1% for Aruba as at July 2018. Xpatulator Hypothetical Tax for Aruba is based on the current personal income tax rates which are progressive up to 58.95%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Aruba, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Aruba as at 1 October 2018 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very High 4) Education: Very Low 5) Furniture & Appliances: Low 6) Groceries: Average 7) Healthcare: Very Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: High 13) Transport: Very High Aruba is for example -6.2% cheaper than USA for groceries, 19.3% more expensive for household costs than UK, and 142.6% more expensive for transport costs than India. The hardship premium for Aruba for an expat from Australia, is for example 10%, i.e. host location (Aruba) premium of 20% minus home (Australia) location premium of 10%. Aruba is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Aruba? Register subscribe to your home location and Aruba and run your personalised reports.