Saint Martin Economy - 2023

Economic overview

high-income French Caribbean territorial economy; extremely reliant on tourism, with severe COVID-19 impacts; near-total destruction from Hurricane Irma in 2017; some offshore banking; import-dependent; duty-free commerce; yachting destination

Real GDP (purchasing power parity)

$561.5 million (2005 est.)

Real GDP per capita

$19,300 (2005 est.)

GDP (official exchange rate)

$561.5 million (2005 est.)

GDP - composition, by sector of origin

agriculture: 1% (2000)

industry: 15% (2000)

services: 84% (2000)

Industries

tourism, light industry and manufacturing, heavy industry

Labor force

17,300 (2008 est.)

Labor force - by occupation

85 directly or indirectly employed in tourist industry

Exports - partners

United States 35%, Netherlands 26%, Antigua and Barbuda 21%, France 10% (2019)

Exports - commodities

gold, special use vessels, furniture, scrap aluminum, rum (2019)

Imports - partners

United States 76%, Netherlands 7%, France 7% (2019)

Imports - commodities

jewelry, diamonds, pearls, recreational boats, cars (2019)

Exchange rates

euros (EUR) per US dollar -

0.885 (2017 est.)

0.903 (2016 est.)

0.9214 (2015 est.)

0.885 (2014 est.)

0.7634 (2013 est.)

NOTE: The information regarding Saint Martin on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Saint Martin 2023 information contained here. All suggestions for corrections of any errors about Saint Martin 2023 should be addressed to the CIA or the source cited on each page.