ORANJESTAD — In July 2026, Aruba recorded growth in tourism and government revenue, while the amount of money in circulation declined and inflation rose modestly.
The money supply fell by Afl. 201.9 million compared with June, to Afl. 7.5209 billion. The decline was mainly caused by a drop in net foreign reserves, partly offset by an increase in net domestic assets.
Bank lending to the private sector increased, mainly through more business loans, housing mortgages and consumer credit. At the same time, higher government deposits contributed to lower net bank credit to the public sector.
Annual inflation stood at 2.2% in July 2026, with transportation as the main contributor to higher prices. The annual average inflation rate reached 0.7%.
Total government revenue amounted to Afl. 139.5 million, Afl. 5.5 million more than in July 2025. The increase was driven mainly by higher tax revenue, including transfer tax, turnover tax and property tax.
Tourism showed strong growth. Aruba received 160,858 visitors, 18,954 more than in July 2025, an increase of 13.4%. The Latin American market grew by 44.1%, North America by 7.2% and Europe by 7.9%.