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Bank lending and tourism rise as government revenue falls in August
ORANJESTAD — Aruba recorded stronger bank lending and higher tourist arrivals in August 2026, while total government revenue declined compared with a year earlier.
According to the Central Bank of Aruba, the money supply increased by Afl. 123.7 million to Afl. 7.64 billion. The rise was driven mainly by higher bank lending, especially to the private sector. Business loans increased by Afl. 82.1 million, mortgages by Afl. 14.8 million and consumer credit by Afl. 8.6 million.
Annual inflation reached 2.7% in August, with transportation as the main contributor. Average annual inflation rose from 0.7% in July to 1.0% in August.
Total government revenue amounted to Afl. 133.5 million, Afl. 33.9 million less than in August 2025. Tax revenue increased by Afl. 17.2 million, but this was outweighed by a sharp decline in non-tax revenue.
Tourism continued to expand. Aruba received 145,750 tourists in August, 9.8% more than a year earlier. The strongest growth came from Latin America, up 47.8%, followed by Europe at 16.6% and North America at 1.6%.