ARUBA


ECONOMY:
Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years.

DESCRIPTION
Aruba's first inhabitants were the Caquetios Indians from the Arawak tribe. Fragments of the earliest known Indian settlements date back to about 1000 A.D, as do the ancient painted symbols still visible on limestone caves found at Fontein, Ayo and elsewhere. Pottery remnants can still be seen at the Museum of Archaeology.

Some centuries later, the first European landed on Aruban shores. Spanish explorer Alonso de Ojeda is thought to have arrived about 1499. The Spanish promptly exported the Indians to Santo Domingo in the Do,inican Republic, where they were put to work in the copper mines.

In 1636, near the culmination of the Eighty Years' War between Spain and Holland, the Dutch took possession of Aruba and remained in control for nearly two centuries. In 1805, during the Napoleonic Wars, the English briefly took control over the island, but it was returned to Dutch control in 1816. Although Aruba continues to exist within the Kingdom of the Netherlands, it functions independently.