charts & trends centrale bank of aruba aug 29, 2012

CENTRALE BANK VAN ARUBA

CHARTS &

TRENDS

Research Department August 29, 2012

Contents

1 Real sector 1.37 Nominal revenue per available room-total 1-91.1 Nominal turnover tax (BBO) 1-3 1.38 Real revenue per available room-total 1-91.2 Real turnover tax (BBO) - lagged one month 1-3 1.39 Nominal revenue per available room-hotel 1-91.3 Nominal wage tax 1-3 1.40 Real revenue per available room-hotel 1-91.4 Real wage tax - lagged one month 1-3 1.41 Nominal revenue per available room-timeshare 1-91.5 Inflation Aruba 1-4 1.42 Real revenue per available room-timeshare 1-9

(Twelve-month average) 1.43 Nominal average daily rate-total 1-91.6 Inflation Aruba 1-4 1.44 Real average daily rate-total 1-9

(End of period) 1.45 Nominal average daily rate-hotel 1-101.7 Inflation differential 12-month average and 1-4 1.46 Real average daily rate-hotel 1-10

end of period 1.47 Nominal average daily rate-timeshare 1-101.8 Inflation USA 1-4 1.48 Real average daily rate-timeshare 1-10

(Twelve-month average) 1.49 Nominal tourism receipts 1-111.9 Inflation differential Aruba with USA 1-4 1.50 Real tourism receipts 1-11

(Twelve-month average) 1.51 Nominal tourism expenditure 1-111.10 Aruba inflation excluding energy and food 1-4 1.52 Real tourism expenditure 1-11

(Twelve-month average) 1.53 Nominal tourism receipts 1-111.11 Aruba inflation excluding energy 1-4 (Commercial banks and CBA)

(Twelve-month average) 1.54 Real tourism receipts 1-111.12 USA inflation excluding energy 1-4 (Commercial banks and CBA)

(Twelve-month average) 1.55 Nominal hotel room tax/tourist levy 1-111.13 Aruba-Food and non-alcoholic beverage 1-5 1.56 Real hotel room tax/tourist levy - lagged one month 1-11

(Twelve-month average) 1.57 Nominal gambling licenses 1-121.14 Aruba-Housing 1-5 1.58 Real gambling licenses - lagged on month 1-12

(Twelve-month average) 1.59 Water 1-131.15 Aruba-Household operation 1-5 1.60 Electricity 1-13

(Twelve-month average) 1.61 Gas 1-131.16 Aruba-Transport 1-5 1.62 Container transport ASTEC 1-13

(Twelve-month average) 1.63 Unleaded premium gasoline prices 1-131.17 Aruba-Food component 1-5 1.64 Diesel prices 1-13

(Twelve-month average) 1.65 New commercial water connection 1-131.18 USA-Food component 1-5 1.66 New commercial water disconection 1-13

(Twelve-month average) 1.67 Index of construction 1-141.19 Aruba-Maintenance and repair of the dwelling 1-5

(Twelve-month average) 2 Monetary sector1.20 Unemployment rate 1-6 2.1 Nominal money supply 2-31.21 Severance insurance payments 1-6 (End of period)1.22 Workers' remittances payments 1-6 2.2 Real money supply 2-31.23 Population 1-6 (End of period)1.24 AZV-receipts 1-6 2.3 Nominal net domestic assets 2-31.25 AOV/AWW-receipts 1-6 (End of period)1.26 Stay-over visitors 1-7 2.4 Real net domestic assets 2-31.27 Visitor's nights 1-7 (End of period)1.28 Airport arrivals corrected for resident arrivals 1-7 2.5 Nominal net foreign assets 2-31.29 Resident arrivals 1-7 Including revaluation differences1.30 Airline load factor 1-7 (End of period)1.31 Average nights stayed 1-7 2.6 Real net foreign assets 2-31.32 Cruise passengers 1-7 Including revaluation differences 151.33 Ship calls 1-7 (End of period)1.34 Occupancy rate-total 1-8 2.7 Nominal net foreign assets 2-31.35 Occupancy rate-hotels 1-8 Excluding revaluation differences1.36 Occupancy rate-timeshare 1-8 (End of period)

2.8 Real net foreign assets 2-3 2.34 Real average new commercial term loan 2-7Excluding revaluation differences per lender (During period)(End of period) 2.35 Nominal savings deposits 2-7

2.9 Nominal total credit according to CMR 2-4 (End of period)(End of period) 2.36 Real savings deposits 2-7

2.10 Real total credit according to CMR 2-4 (End of period)(End of period) 2.37 Number of new savings deposits 2-7

2.11 Nominal consumer credit 2-4 (During period)(End of period) 2.38 Total of amount of new savings deposits 2-7

2.12 Real consumer credit 2-4 (During period)(End of period) 2.39 Weighted average rate on interest on deposits 2-7

2.13 Number of new consumer credit 2-4 (During period)(During period) 2.40 Weighted average rate on interest on loans 2-7

2.14 Total amount of new consumer credit 2-4 (During period)(During period) 2.41 Interest rate margin 2-8

2.15 Nominal average new consumer credit per 2-4 (During period)lender (During period) 2.42 Weighted average yield on treasury bonds 2-8

2.16 Real average new consumer credit per 2-4 2.43 Weighted average yield on treasury bills 2-8lender (During period) 2.44 Gross business loans on a weekly basis 2-9

2.17 Nominal housing mortgages 2-5 2.45 Gross individual loans on a weekly basis 2-9(End of period)

2.18 Real housing mortgages 2-5 3 Public finance(End of period) 3.1 Government revenue 3-3

2.19 Number of new housing mortgages 2-5 3.2 Government expenditure 3-3(During period) 3.3 Government financial deficit (-) 3-3

2.20 Total amount of new housing mortgages 2-5 3.4 Government financial deficit (-) incl. change in 3-3(During period) unmet financing requirements

2.21 Nominal average new housing mortgages 2-5 3.5 Outstanding dometic government debt 3-3per lender (During period) 3.6 Outstanding foreign governmnet debt 3-3

2.22 Real average new housing mortgages 2-5 3.7 Outstanding government debt 3-3per lender (During period) 3.8 Outstanding government debt to GDP ratio 3-3

2.23 Nominal car loans 2-5 3.9 Taxes on income 3-4(End of period) 3.10 Taxes on commodities 3-4

2.24 Real car loans 2-5 3.11 Foreign exchange tax 3-4(End of period) 3.12 Nontax revenue 3-4

2.25 Nominal commercial loans 2-6 3.13 Wage expenditures 3-4(End of period) 3.14 Number of government employees 3-4

2.26 Real commercial loans 2-6 3.15 Goods and services 3-4(End of period) 3.16 Interest 3-4

2.27 Number of new commercial mortgages 2-6 3.17 Investments (Incl. development fund spending) 3-5(During period) 3.18 Transfer to AZV 3-5

2.28 Total amount of new commercial mortgages 2-6 3.19 Expenditure cash adjusted basis 3-5(During period)

2.29 Nominal average new commercial mortgages 2-6 4 External sectorper lender (During period) 4.1 Overall balance of payments 4-3

2.30 Real average new commercial mortgages 2-6 4.2 Overall balance of payments-Oil sector 4-3per lender (During period) 4.3 Overall balance of payments-Non-oil secter 4-3

2.31 Number of new commercial term loans 2-6 4.4 Current account 4-3(During period) 4.5 Current account-Oil sector 4-3

2.32 Total amount of new commercial term loans 2-6 4.6 Current account-Non-oil sector 4-3(During period) 4.7 Capital and financial account 4-3

2.33 Nominal average new commercial term loan 2-7 4.8 Capital and financial account-Oil sector 4-3per lender 4.9 Capital and financial account-Non-oil sector 4-4

4.10 Import payments of goods 4-4

4.11 Import payments of goods-Oil sector 4-4 7.5 Euro exchange rate (period average) 7-34.12 Import payments of goods-Non-oil sector 4-4 7.6 Consumer confidence index-USA 7-34.13 Import payments of services 4-4 7.7 Unemployment rate-USA 7-34.14 Import payments of services-Oil sector 4-4 7.8 USA index of leading economic indicators 7-34.15 Import payments of services-Non-oil sector 4-4 7.9 Gold prices 7-44.16 Import payments of goods and services 4-4 7.10 Food price index 7-44.17 Import payments of goods and services- 4-5

Oil sector4.18 Import payments of goods and services- 4-5

Non-oil sector4.19 Merchandise import coverage ratio 4-5

(End of period)4.20 Merchandise import coverage ratio 4-5

(Twelve-month average)4.21 Current account import coverage ratio 4-5

(End of period)4.22 Current account import coverage ratio 4-5

(Twelve-month average)

5 Macro prudential indicators5.1 Capital/risk-weighted assets ratio 5-35.2 Loan/deposit ratio 5-35.3 Prudential liquidity ratio 5-35.4 Nonperforming loans-commercial 5-4

current account5.5 Nonperforming loans-commercial term loans 5-45.6 Nonperforming loans-commercial mortgages 5-45.7 Nonperforming loans-individual mortgages 5-45.8 Nonperforming loans-individual other 5-45.9 Nonperforming loans-total loans 5-45.10 Commercial banks-nonperforming loans 5-4

(Monthly figures)5.11 Nonperforming loans - Commercial banks &

banklike institutions 5-5

6 Composite indicators6.1 Index monthly indicators of consumption 6-36.2 Index quarterly indicators of consumption 6-36.3 Index monthly indicators of investment 6-36.4 Index quarterly indicators of investment 6-36.5 Index of export indicators 6-36.6 Index of indicators of imports 6-36.7 Index of Economic Indicators 6-36.8 Partial economic activity index 6-36.9 Current business perception index 6-46.10 Short-term business perception index 6-46.11 Business perception index 6-4

7 International environment7.1 All commodities index-World 7-37.2 Non fuel commodity index-World 7-37.3 Energy index-World 7-37.4 Oil prices 7-3

1. Real sector

Chart 1.1 Chart 1.2Nominal turnover tax (BBO)

(Excl. receipts from Valero: June 2009 $8 million and June 2010 Afl. 211.6 million )

5.05.56.06.57.07.58.08.59.09.5

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011 2012

In A

fl. m

illio

nReal turnover tax (BBO) - lagged one month

(In January 2007 prices)

4.44.85.25.66.06.46.87.27.68.0


2010 2011 2012

In A

fl. m

illio

n

Chart 1.3 Chart 1.4Nominal wage tax

14

16

18

20

22

2426

28


2010 2011 2012

In A

fl. m

illio

n

Real wage tax - lagged one month(In January 2007 prices)

12

14

16

18

20

22


2010 2011 2012

In A

fl. m

illio

n

1-3

Chart 1.5 Chart 1.6Inflation Aruba


-2.0-1.00.01.02.03.04.05.06.0


2010 2011 2012

Perc

enta

ge c

hang

eInflation Aruba(End of period)

-2.0-1.00.01.02.03.04.05.06.07.08.0


2010 2011 2012

In p

erce

nt

Chart 1.7 Chart 1.8Inflation differential 12-month average and end of period

-10.0-8.0-6.0-4.0-2.00.02.04.06.0


2010 2011 2012

Perc

enta

ge p

oint

s

Inflation USA(Twelve-month average)

-0.50.00.51.01.52.02.53.03.5


2010 2011 2012

Perc

enta

ge c

hang

e

Chart 1.9 Chart 1.10Inflation differential Aruba with USA


-1.5-1.0-0.50.00.51.01.52.02.5


2010 2011 2012

Perc

enta

ge p

oint

s

Aruba inflation excluding energy and food (Twelve-month average)

-0.8-0.40.00.40.81.21.62.0


2010 2011 2012

Perc

enta

ge c

hang

e

Chart 1.11 Chart 1.12Aruba inflation excluding energy


-1.2-0.8-0.40.00.40.81.21.62.02.4


2010 2011 2012

Perc

enta

ge c

hang

e

USA inflation excluding energy(Twelve-month average)

0.81.01.21.41.61.82.02.22.42.6


2010 2011 2012

Perc

enta

ge c

hang

e

1-4

Chart 1.13 Chart 1.14Aruba - Food and non-alcoholic beverages - Weight 1,489


-0.6-0.4-0.20.00.20.40.60.8


2010 2011 2012

Perc

enta

ge c

hang

eAruba - Housing - Weight 1,815


-2.0-1.5-1.0-0.50.00.51.01.52.02.53.03.5


2010 2011 2012

Perc

enta

ge c

hang

e

Chart 1.15 Chart 1.16Aruba - Household operation - Weight 980


-0.25-0.20-0.15-0.10-0.050.000.050.100.150.20


2010 2011 2012

Perc

enta

ge c

hang

e

Aruba - Transport - Weight 1,741(Twelve-month average)

-1.2-0.8-0.40.00.40.81.21.6


2010 2011 2012

Perc

enta

ge c

hang

e

Chart 1.17 Chart 1.18Aruba - Food component - Weight 1,263


-0.6-0.4-0.20.00.20.40.60.8


2010 2011 2012

Perc

enta

ge c

hang

e

USA - Food component(Twelve-month average)

-0.2-0.10.00.10.20.30.40.5


2010 2011 2012

Perc

enta

ge c

hang

e

Chart 1.19Aruba - Maintenance and repair of the dwelling - Weight 504


-0.12

-0.08

-0.04

0.00

0.04

0.08

0.12


2010 2011 2012

Perc

enta

ge c

hang

e

1-5

Chart 1.20 Chart 1.21Unemployment rate

8.68.89.09.29.49.69.8

10.010.210.410.610.8

2010 III 2011 IV

2010 2011

In p

erce

ntag

eSeverance insurance payments

0

200

400

600

800

1,000

I II III IV

2010 2011

In A

fl. th

ousa

nd

Chart 1.22 Chart 1.23Worker's remittances payments

252626262728282829303030

I II III IV

2010 2011 2012

In A

fl. m

illio

n

Population

101.2

101.6

102.0

102.4

102.8

103.2

103.6

I II III IV

2010 2011

In th

ousa

nd

Chart 1.24 Chart 1.25AOV/AWW-receipts

10

12

14

16

18

20


2010 2011 2012

In A

fl. m

illio

n

AZV-receipts

12

14

16

18

20

22

24


2010 2011 2012

In A

fl. m

illio

n

1-6

Chart 1.26 Chart 1.27Stay-over visitors

56

60

64

68

72

7680

84


2010 2011 2012

Num

ber

of v

isito

rs in

thou

sand

Visitor's nights

400440480520560600640680720


2010 2011 2012

Num

ber

of v

isito

r's n

ight

s in

thou

sand

Chart 1.28 Chart 1.29Airport arrivals corrected for resident arrivals

56

60

64

68

72

7680

84


2010 2011 2012

Num

ber

of a

rriv

als i

n th

ousa

nd

Resident arrivals

3456789

101112


2010 2011 2012

Num

ber

of a

rriv

als i

n th

ousa

nd

Chart 1.30 Chart 1.31Airline load factor

(Including transfer, transit, diplomats, inactive crew etc.)

666870727476788082


2010 2011 2012

In p

erce

nt o

f tot

al se

ats

Average nights stayed

6.87.07.27.47.67.88.08.28.48.68.89.0


2010 2011 2012

Ave

rage

day

s

Chart 1.32 Chart 1.33Cruise passengers

0

20

40

60

80

100

120


2010 2011 2012

Pass

enge

rs in

thou

sand

s

Ship calls

0

10

20

30

40

5060

70


2010 2011 2012

Ship

cal

ls

1-7

Chart 1.34 Chart 1.35Occupancy rate - total

64

68

72

76

80

8488

92


2010 2011 2012

In p

erce

ntOccupancy rate - hotels

60

64

68

72

76

8084

88


2010 2011 2012

In p

erce

nt

Chart 1.36Occupancy rate - timeshare

68

72

76

80

84

88

92


2010 2011 2012

In p

erce

nt

1-8

Chart 1.37 Chart 1.38Nominal revenue per available room - total

80100120140160180200220240


2010 2011 2012

In A

fl.Real revenue per available room - total


6080

100120140160180200220


2010 2011 2012

In A

fl.

Chart 1.39 Chart 1.40Nominal revenue per available room - hotels

120

160

200

240

280

320360

400


2010 2011 2012

In A

fl.

Real revenue per available room - hotels(In January 2007 prices)

120

160

200

240

280

320

360


2010 2011 2012

In A

fl.

Chart 1.41 Chart 1.42Nominal revenue per available room - timeshare

15202530354045505560


2010 2011 2012

In A

fl.

Real revenue per available room - timeshare(In January 2007 prices)

12162024283236404448


2010 2011 2012

In A

fl.

Chart 1.43 Chart 1.44Nominal average daily rate - total

200

240

280

320

360

400440

480


2010 2011 2012

In A

fl.

Real average daily rate - total(In January 2007 prices)

160

200

240

280

320

360

400


2010 2011 2012

In A

fl.

1-9

Chart 1.45 Chart 1.46Nominal average daily rate - hotel

200240280320360400440480520


2010 2011 2012

In A

fl.Real average daily rate - hotel


160200240280320360400440


2010 2011 2012

In A

fl.

Chart 1.47 Chart 1.48Nominal average daily rate - timeshare

200

240

280

320

360

400440

480


2010 2011 2012

In A

fl.

Real average daily rate - timeshare(In January 2007 prices)

160200240280320360400440


2010 2011 2012

In A

fl.

1-10

Chart 1.49 Chart 1.50Nominal tourism receipts

480

520

560

600

640

680720

760

I II III IV

2010 2011 2012

In A

fl. m

illio

nReal tourism receipts

(In the first quarter of 2007 prices)

440

480520

560

600

640680

I II III IV

2010 2011 2012

In A

fl. m

illio

n

Chart 1.51 Chart 1.52Nominal tourism expenditure

320

340

360

380

400

420

440

I II III IV

2010

In A

fl. m

illio

n

Real tourism expenditure(In the first quarter of 2007 prices)

280

300

320

340

360

380

400

I II III IV

2010 2011 2012

In A

fl. m

illio

n

Chart 1.53 Chart 1.54Nominal tourism receipts

(Commercial banks and CBA)

100120140160180200220240


2010 2011 2012

In A

fl. m

illio

n

Real tourism receipts - commercial banks and CBA(In January 2007 prices)

100110120130140150160170180190


2010 2011 2012

In A

fl.

Chart 1.55 Chart 1.56Nominal hotel room tax/Tourist Levy

2.02.53.03.54.04.55.05.56.06.57.0


2010 2011 2012

In A

fl. m

illio

n

Real hotel room tax/Tourist levy - lagged one month(In January 2007 prices)

2.02.53.03.54.04.55.05.56.0


2010 2011 2012

In A

fl. m

illio

n

1-11

Chart 1.57 Chart 1.58Nominal gambling licenses

1.01.21.41.61.82.02.22.42.62.83.0


2010 2011 2012

In A

fl. m

illio

nReal gambling linceses - lagged one month


0.81.01.21.41.61.82.02.22.4


2010 2011 2012

In A

fl. m

illio

n

1-12

Chart 1.59 Chart 1.60Water

(Household)

440460480500520540560580


2010 2011 2012

In th

ousa

nd m

3Electricity

(Household)

6062646668707274767880

I II III IV

2010 2011 2012

In K

WH

mill

ion

Chart 1.61 Chart 1.62Gas

(Household)

450500550600650700750800850900950


2010 2011 2012

In th

ousa

nd p

ound

Container transport ASTEC

800900

1,0001,1001,2001,3001,4001,5001,600


2010 2011 2012

Tot

al c

onta

iner

s

Chart 1.63 Chart 1.64Unleaded premium gasoline prices

180190200210220230240250260


2010 2011 2012

In c

ents

per

lite

r

Diesel prices

150160170180190200210220230


2010 2011 2012

In c

ents

per

lite

r

Chart 1.65 Chart 1.66New commercial water connection

5101520253035404550


2010 2011 2012

Tot

al

New commercial water disconnection

5

10

15

20

25

3035

40


2010 2011 2012

Tot

al

1-13

Chart 1.67Index of construction


64.068.072.076.080.084.088.092.0

I II III IV

2010 2011 2012

1-14

2. Monetary sector

Chart 2.1 Chart 2.2Nominal money supply

(End of period)

3,1403,1603,1803,2003,2203,2403,2603,2803,3003,320


2010 2011 2012

In A

fl. m

illio

nReal money supply

(In January 2007 prices, end of period)

2,6002,6402,6802,7202,7602,8002,8402,8802,9202,960


2010 2011 2012

In A

fl. m

illio

n

Chart 2.3 Chart 2.4Nominal net domestic assets

(End of period)

1,6501,7001,7501,8001,8501,9001,9502,0002,0502,100


2010 2011 2012

In A

fl. m

illio

n

Real net domestic assets(In January 2007 prices, end of period)

1,4801,5201,5601,6001,6401,6801,7201,7601,800


2010 2011 2012

In A

fl. m

illio

n

Chart 2.5 Chart 2.6Nominal net foreign assets-Incl. revaluation differences

(End of period)

1,2501,3001,3501,4001,4501,5001,5501,6001,6501,7001,750


2010 2011 2012

In A

fl. m

illio

n

Real net foreign assets-Incl. revaluation differences(In January 2007 prices, end of period)

1,0501,1001,1501,2001,2501,3001,3501,4001,4501,5001,550


2010 2011 2012

In A

fl. m

illio

n

Chart 2.7 Chart 2.8Nominal net foreign assets-Excl. revaluation differences

(End of period)

1,000

1,100

1,200

1,300

1,400

1,500

1,600


2010 2011 2012

In A

fl. m

illio

n

Real net foreign assets-Excl. revaluation differences(In January 2007 prices, end of period)

800900

1,0001,1001,2001,3001,400


2010 2011 2012

In A

fl. m

illio

n

2-3

Chart 2.9 Chart 2.10Nominal total credit according to CMR

(End of period)

2,6002,6502,7002,7502,8002,8502,9002,9503,000


2010 2011 2012

In A

fl. m

illio

nReal total credit according to CMR(In January 2007 prices, end of period)

2,3202,3402,3602,3802,4002,4202,4402,4602,4802,5002,520


2010 2011 2012

In A

fl. m

illio

n

Chart 2.11 Chart 2.12Nominal consumer credit

(End of period)

565570575580585590595600605


2010 2011 2012

In A

fl. m

illio

n

Real consumer credit(In January 2007 prices, end of period)

470480490500510520530540


2010 2011 2012

In A

fl. m

illio

n

Chart 2.13 Chart 2.14Number of new consumer credit

(During period)

200

400

600

800

1,000

1,200

1,400


2010 2011 2012

Total amount of new consumer credit(During period)

68

10121416182022242628


2010 2011 2012

In A

fl. m

illio

n

Chart 2.15 Chart 2.16Nominal average new consumer credit per loan granted

(During period)

16

18

20

22

24

26

28


2010 2011 2012

In A

fl. th

ousa

nd

Real average new concumer credit per loan granted(In January 2007 prices, during period)

1415161718192021222324


2010 2011 2012

In A

fl. th

ousa

nd

2-4

Chart 2.17 Chart 2.18Nominal housing mortgages

(End of period)

800820840860880900920940


2010 2011 2012

In A

fl. m

illio

nReal housing mortgages


720730740750760770780790


2010 2011 2012

In A

fl. m

illio

n

Chart 2.19 Chart 2.20Number of new housing mortgages

(During period)

20

40

60

80

100

120

140


2010 2011 2012

Total amount of new housing mortgages(During period)

468

1012141618202224


2010 2011 2012

In A

fl. m

illio

n

Chart 2.21 Chart 2.22Nominal average new housing mortgages per loan

granted(During period)

120140160180200220240260


2010 2011 2012

In A

fl. th

ousa

nd

Real average new housing mortgages per loan granted(In January 2007 prices, during period)

100

120

140

160

180

200

220


2010 2011 2012

In A

fl. th

ousa

nd

Chart 2.23 Chart 2.24Nominal car loans

(End of period)

156160164168172176180184


2010 2011 2012

In A

fl. m

illio

n

Real car loans(In January 2007 prices, end of period)

128132136140144148152156160164


2010 2011 2012

In A

fl. m

illio

n

2-5

Chart 2.25 Chart 2.26Nominal commercial loans

(End of period)

1,0401,0601,0801,1001,1201,1401,1601,1801,2001,220


2010 2011 2012

In A

fl. m

illio

nReal commercial loans


900

920

940

960

980

1,000

1,020


2010 2011 2012

In A

fl. m

illio

n

Chart 2.27 Chart 2.28Number of new commercial mortgages

(During period)

0

2

4

6

8

10

12


2010 2011 2012

Total amount of new commercial mortgages(During period)

048

121620242832


2010 2011 2012

In A

fl. m

illio

n

Chart 2.29 Chart 2.30Nominal average new commercial mortgages per loan


0500

1,0001,5002,0002,5003,0003,5004,0004,5005,000


2010 2011 2012

In A

fl. th

ousa

nd

Real average new commercial mortgages per loan granted

(In January 2007 prices, during period)

0500

1,0001,5002,0002,5003,0003,5004,0004,500


2010 2011 2012

In A

fl. th

ousa

nd

Chart 2.31 Chart 2.32Number of new commercial term loans

(During period)

020406080

100120140


2010 2011 2012

Total amount of new commercial term loans(During period)

05

101520253035


2010 2011 2012

In A

fl. m

illio

n

2-6

Chart 2.33 Chart 2.34Nominal average new commercial term loan per loan


0

200

400

600

800

1,000


2010 2011 2012

In A

fl. th

ousa

ndReal average new commercial term loan per loan granted

(In January 2007 prices, during period)

0100200300400500600700800


2010 2011 2012

In A

fl. th

ousa

nd

Chart 2.35 Chart 2.36Nominal savings deposits

(End of period)

820

840

860

880

900

920

940


2010 2011 2012

In A

fl. m

illio

n

Real savings deposit(In January 2007 prices, end of period)

730740750760770780790800


2010 2011 2012

In A

fl. m

illio

n

Chart 2.37 Chart 2.38Number of new savings deposits

(During period)

320360400440480520560600640680


2010 2011 2012

Total amount of new savings deposits(During period)

12345678


2010 2011 2012

In A

fl. m

illio

n

Chart 2.39 Chart 2.40Weighted average rate of interest on deposits

(During period)

0.81.21.62.02.42.83.23.64.04.4


2010 2011 2012

In p

erce

nt

Weighted average rate of interest on loans(During period)

8.08.59.09.5

10.010.511.011.512.0


2010 2011 2012

In p

erce

nt

2-7

Chart 2.41 Chart 2.42Interest rate margin

(During period)

5.56.06.57.07.58.08.59.09.5


2010 2011 2012

In p

erce

ntWeighted average yield on treasury bonds

4.24.44.64.85.05.25.45.65.86.06.26.4


2010 2011

Chart 2.43Weighted average yield on treasury bills

0.00.40.81.21.62.02.42.83.2

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010



Advance rate Weighted average yield on 3-month treasury bills

2-8

Chart 2.44Gross business loans on a weekly basis

1,040

1,060

1,080

1,100

1,120

1,140

1,160

1,180

1,200

1,220

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52

2010 2011 2012

In A

fl. m

illio

n

Chart 2.45Gross individual loans on a weekly basis

1,400

1,420

1,440

1,460

1,480

1,500

1,520

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52

2010 2011 2012

In A

fl. m

illio

n

2-9

3. Public finance

Chart 3.1 Chart 3.2Government revenue

(During period)

200240280320360400440480520

I II III IV

2010 2011

In A

fl. m

illio

nGovernment expenditure

(During period)

240260280300320340360380400420440

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 3.3 Chart 3.4Government financial deficit (-)

(During period)

-140-120-100

-80-60-40-20

0204060

I II III IV

2010 2011

In A

fl. m

illio

n

Government financial deficit (-) incl. change in unmet financing requirements

(During period)

-160-120

-80-40

04080

120

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 3.5 Chart 3.6Outstanding domestic government debt

(End of period)

1,1501,2001,2501,3001,3501,4001,4501,5001,5501,6001,650

I II III IV

2010 2011

In A

fl. m

illio

n

Outstanding foreign government debt(End of period)

1,0401,0601,0801,1001,1201,1401,1601,180

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 3.7 Chart 3.8Outstanding government debt

(End of period)

2,200

2,300

2,400

2,500

2,600

2,700

2,800

I II III IV

2010 2011

In A

fl. m

illio

n

Outstanding government debt to GDP ratio(End of period)

50515253545556575859

I II III IV

2010 2011

In %

of G

DP

3-3

Chart 3.9 Chart 3.10Taxes on income(During period)

8

12

16

20

24

28


2010 2011 2012

In A

fl. m

illio

nTaxes on commodities

(During period)

812162024283236


2010 2011 2012

In A

fl. m

illio

n

Chart 3.11 Chart 3.12Foreign exchange tax

(During period)

123456789


2010 2011 2012

In A

fl. m

illio

n

Nontax revenue(During period)

2468

10121416182022


2010 2011 2012

In A

fl. m

illio

n

Chart 3.13 Chart 3.14Wage expenditures - consisting of wages, employer's

contribution and wage subsidies(During period)

130140150160170180190

I II III IV

2010 2011

In A

fl. m

illio

n

Number of government employees(End of period)

4,0804,1004,1204,1404,1604,1804,2004,2204,240

I II III IV

2010 2011

Chart 3.15 Chart 3.16Goods and services

(During period)

354045505560657075

I II III IV

2010 2011

In A

fl. m

illio

n

Interest(During period)

24

28

32

36

40

44

48

I II III IV

2010 2011

In A

fl. m

illio

n

3-4

Chart 3.17 Chart 3.18Investments (incl. development fund spending)

(During period)

101214161820222426

I II III IV

2010 2011

In A

fl. m

illio

nTransfer to AZV(During period)

1520253035404550556065

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 3.19Expenditure on a cash adjusted basis

(During period)

300310320330340350360370380390

I II III IV

2010 2011

In A

fl. m

illio

n

3-5

4. External sector

Chart 4.1 Chart 4.2Overall balance of payments

-160

-120

-80

-40

0

40

80

I II III IV

2010 2011

In A

fl. m

illio

nOverall balance of payments - oil sector

-140-120-100

-80-60-40-20

02040

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.3 Chart 4.4Overall balance of payments - non-oil sector

-160-140-120-100

-80-60-40-20

0204060

I II III IV

2010 2011

In A

fl. m

illio

n

Current account

-600-500-400-300-200-100

0100200

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.5 Chart 4.6Current account - oil sector

-600

-400

-200

0

200

400

600

I II III IV

2010 2011

In A

fl. m

illio

n

Current account - non-oil sector

-350-300-250-200-150-100

-500

50100150200

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.7 Chart 4.8Capital and financial account

-300-200-100

0100200300400500600

I II III IV

2010 2011

In A

fl. m

illio

n

Capital and financial account - oil sector

-600

-400

-200

0

200

400

600

I II III IV

2010 2011

In A

fl. m

illio

n

4-3

Chart 4.9 Chart 4.10Capital and financial account - non-oil sector

-200

-100

0

100

200

300

400

I II III IV

2010 2011

In A

fl. m

illio

nImport payments of goods

0400800

1,2001,6002,0002,4002,8003,2003,6004,000

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.11 Chart 4.12Import payments of goods - oil sector

0400800

1,2001,6002,0002,4002,8003,2003,600

I II III IV

2010 2011

In A

fl. m

illio

n

Import payments of goods - non-oil sector

300320340360380400420440460480500

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.13 Chart 4.14Import payments of services

260280300320340360380400420

I II III IV

2010 2011

In A

fl. m

illio

n

Import payments of services - oil sector

0

10

20

30

40

5060

70

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.15 Chart 4.16Import payments of services - non-oil sector

260270280290300310320330340350

I II III IV

2010 2011

In A

fl. m

illio

n

Import payments of goods and services

5001,0001,5002,0002,5003,0003,5004,0004,500

I II III IV

2010 2011

In A

fl. m

illio

n

4-4

Chart 4.17 Chart 4.18Import payments of goods and services - oil sector

0

500

1,000

1,500

2,000

2,5003,000

3,500

I II III IV

2010 2011

In A

fl. m

illio

nImport payments of goods and services - non-oil sector

600

640

680

720

760

800

840

I II III IV

2010 2011

In A

fl. m

illio

n

Chart 4.19 Chart 4.20Merchandise import coverage ratio

(End of period)

89

101112131415

I II III IV

2010 2011

In m

onth

s

Merchandise import coverage ratio(Twelve month average)

8.89.29.6

10.010.410.811.211.612.012.4

I II III IV

2010 2011

In m

onth

s

Chart 4.21 Chart 4.22Current account import coverage ratio

(End of period)

3.03.54.04.55.05.56.06.57.07.5

I II III IV

2010 2011

In m

onth

s

Current account import coverage ratio(Twelve month average)

4.44.64.85.05.25.45.65.86.06.26.46.6

I II III IV

2010 2011

In m

onth

s

4-5

5. Macroprudential indicators

Chart 5.1 Chart 5.2Capital/risk-weighted assets ratio

16

17

18

19

20

2122

23


2010 2011 2012

Rat

ioLoan/deposit ratio

62

64

66

68

70

72

74


2010 2011 2012

Rat

io

Chart 5.3Prudential liquidity ratio

242526272829303132


2010 2011 2012

Rat

io

5-3

Chart 5.4 Chart 5.5Nonperforming loans-commercial current account

Commercial banks

15.016.017.018.019.020.021.022.023.024.0

I II III IV

2010 2011 2012

In p

erce

ntNonperforming loans-commercial term loans

Commercial banks

2.04.06.08.0

10.012.014.016.0

I II III IV

2010 2011 2012

In p

erce

nt

Chart 5.6 Chart 5.7Nonperforming loans-commercial mortgages

Commercial banks

6.08.0

10.012.014.016.018.020.0

I II III IV

2010 2011 2012

In p

erce

nt

Nonperforming loans-individuals mortgageCommercial banks

3.8

4.0

4.2

4.4

4.6

4.8

5.0

I II III IV

2010 2011 2012

In p

erce

nt

Chart 5.8 Chart 5.9Nonperforming loans-individual other

Commercial banks

6.87.27.68.08.48.89.29.6

10.0

I II III IV

2010 2011 2012

In p

erce

nt

Nonperforming loans-total loansCommercial banks

7.07.58.08.59.09.5

10.010.511.0

I II III IV

2010 2011 2012

In p

erce

nt

Chart 5.10Commercial banks - nonperforming loans

(Monthly figures)

0.0

4.0

8.0

12.0

16.0

20.0

24.0

Jan Mar May Jul Sep Nov2009




Commercial current accountCommercial term loanCommercial mortgagesIndividual mortgagesIndividual otherTotal gross loans

In p

erce

nt

5-4

Chart 5.11Nonperforming loans

Commercial banks & banklike institutions

0.04.08.0

12.016.020.024.028.032.0

I II III IV2009

I II III IV2010

I II III IV2011

I2012

Commercial current accountCommercial term loanCommercial mortgagesInidividual mortgagesInidividual otherTotal gross loans

In p

erce

nt

5-5

6. Composite indicators

Chart 6.1 Chart 6.2Index monthly indicators of consumption

40

44

48

52

56

60

64


2009 2010 2011

Inde

xIndex quarterly indicators of consumption

52

56

60

64

68

7276

80

I II III IV

2009 2010 2011

Inde

x

Chart 6.3 Chart 6.4Index monthly indicators of investment

6065707580859095

100105


2009 2010 2011

Inde

x

Index quarterly indicators of investment

828486889092949698

100102

I II III IV

2009 2010 2011

Inde

x

Chart 6.5 Chart 6.6Index of export indicators

100

104

108

112

116

120124

128

I II III IV

2009 2010 2011

Inde

x

Index of indicators of imports

96

98

100

102

104

106

108

I II III IV

2009 2010 2011

Inde

x

Chart 6.7 Chart 6.8Index of Economic Indicators

72

76

80

84

88

92

96

I II III IV

2009 2010 2011

Inde

x

Partial economic activity index(Percentage change compared to the corresponding period a

year earlier)

-6.0-4.0-2.00.02.04.06.0

I II III IV

2009 2010 2011

Perc

enta

ge c

hang

e

6-3

Chart 6.9 Chart 6.10Current business perception index

92

94

96

98

100

102104

106

I II III IV

2009 2010 2011

Inde

xShort-term perception index

9092949698

100102104106108

I II III IV

2009 2010 2011

Inde

x

Chart 6.11Business perception index

92

94

96

98

100

102104

106

I II III IV

2009 2010 2011

Inde

x

6-4

7. Internationalenvironment

Chart 7.1 Chart 7.2All commodities index - World

(2000 = 100)

130140150160170180190200210220


2010 2011 2012

Inde

xNon fuel commodity index - World

(2000 = 100)

140150160170180190200210


2010 2011 2012

Inde

x

Chart 7.3 Chart 7.4Energy index - World

(2000 = 100)

130140150160170180190200210220


2010 2011 2012

Inde

x

Oil prices(WTI)

707580859095

100105110115


2010 2011 2012

US$

per

bar

rel

Chart 7.5 Chart 7.6Euro exchange rate

(Period average)

215220225230235240245250255260


2010 2011 2012

In h

undr

ed

Consumer confidence index - USA

52

56

60

64

68

7276

80


2010 2011 2012

Inde

x

Chart 7.7 Chart 7.8Unemployment rate - USA

(Seasonally adjusted)

7.6

8.0

8.4

8.8

9.2

9.6

10.0


2010 2011 2012

Perc

ent o

f lab

or lo

rce

US index of leading economic indicators(2004 = 100)

106108110112114116118120


2010 2011 2012

Inde

x

7-3

Chart 7.9 Chart 7.10Gold prices

1,0001,1001,2001,3001,4001,5001,6001,7001,800


2010 2011 2012

In U

S$ p

er tr

oy o

unce

Food price index(2000-2004 = 100)

160170180190200210220230240


2010 2011 2012

Inde

x

7-4

charts & trends centrale bank of aruba aug 29, 2012

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