The Central Bank of Aruba. Annual Report 2010

In 2010 much of the Aruban economy continued to encounter challenges and uncertainties. Relying largely on external sources of income, Aruba's economy historically has been vulnerable to changes in world economic conditions. Consequently, the global economic and financial crisis of 2008-2010, combined with the temporary shutdown of the refinery, the slowdown in the tourism sector and a significant drop in foreign direct investment had a severe impact on the Aruban economy, as nominal gross domestic product (GDP) fell by 3.8 percent to Afl.4,306.1 million in 2010