We are proud to announce that Aruba has once again been recognized as the Caribbean’s leading destination for investment. For the fourth consecutive year, Aruba has claimed the highest rank in the prestigious Caribbean Investment Climate Index (CICI) 2024, published by the Economic Bureau Amsterdam (EBA). This recognition reaffirms Aruba’s commitment to fostering a resilient, dynamic, and investor-friendly environment.
A Strong and Consistent Performer
Aruba’s continued success in the CICI ranking reflects a robust combination of institutional strength, economic resilience, and financial stability. The nation’s score has improved even further compared to 2023, showcasing its dedication to maintaining an attractive and competitive investment climate. Key factors contributing to Aruba’s top position include:
- Strong Institutions: Consistently high scores on institutional indicators such as regulatory quality, rule of law, and government effectiveness.
- Economic Resilience: Rapid recovery from the global pandemic with Gross Domestic Product (GDP) returning to pre-COVID levels as early as 2022, followed by steady growth.
- Low Borrowing Costs: A declining debt-to-GDP ratio coupled with favorable interest rates compared to other Caribbean nations.
These achievements position Aruba as a standout in the region, particularly for international investors seeking stability and opportunity.
The Caribbean Investment Climate Index
Since its inception in 2021, the CICI has become a benchmark for evaluating the investment climate across 17 Caribbean nations. The index assesses 18 indicators grouped into institutional, economic, and financial categories. These include factors such as openness to trade, investment facilitation, public debt, economic growth, and market accessibility. The 2024 results reveal a positive overall trend for the Caribbean, with 12 nations improving their scores compared to 2023. Despite this progress, Aruba remains unparalleled, thanks to its strategic reforms and focus on economic diversification.
Why Choose Aruba for Investment?
Aruba’s success in the CICI rankings is not accidental but the result of deliberate and strategic efforts to enhance its business environment. Highlights for investors include:
- A Thriving Business Ecosystem: Aruba’s ease of doing business is complemented by initiatives to streamline licensing processes and reduce bureaucratic hurdles.
- Sustainability and Innovation: Investments in green energy and technology are creating new opportunities for forward-thinking businesses.
- Geopolitical Stability: As part of the Kingdom of the Netherlands, Aruba offers a secure and stable environment for foreign direct investment.
Looking Ahead
Aruba is committed to building on this success by:
- Implementing reforms to further enhance the ease of doing business.
- Strengthening the local capital market to attract diverse investment opportunities.
- Continuing efforts to reduce public debt and promote sustainable economic growth.
With its unmatched investment climate, Aruba is the ideal destination for investors seeking to be part of a dynamic and prosperous future in the Caribbean.
Contact Us
The Aruba Investment Agency invites you to explore the endless opportunities our island offers. Contact us today to learn more about how Aruba can support your investment ambitions. Together, we can create lasting success in the Caribbean’s leading business destination.