Sint Maarten Economy - 2023

Economic overview

high-income, tourism-based Dutch autonomous constituent economy; severe hurricane- and COVID-19-related economic recessions; multilateral trust fund helping offset economic downturn; no property taxation; re-exporter to Saint Martin

Real GDP (purchasing power parity)

$1.44 billion (2018 est.) note: data are in 2017 dollars

$1.538 billion (2017 est.)

Real GDP growth rate

-6.6% (2018 est.)

-5.8% (2017 est.)

1.9% (2012 est.)

Real GDP per capita

$35,300 (2018 est.) note: data are in 2017 dollars

$37,914 (2017 est.)

GDP (official exchange rate)

$304.1 million (2014 est.)

Inflation rate (consumer prices)

2.19% (2017 est.)

0.7% (2009 est.)

GDP - composition, by sector of origin

agriculture: 0.4% (2008 est.)

industry: 18.3% (2008 est.)

services: 81.3% (2008 est.)

Agricultural products

sugar

Industries

tourism, light industry

Labor force

23,200 (2008 est.)

Labor force - by occupation

agriculture: 1.1%

industry: 15.2%

services: 83.7% (2008 est.)

Unemployment rate

12% (2012 est.)

10.6% (2008 est.)

Current account balance

-$294.32 million (2021 est.)

-$290.458 million (2020 est.)

-$165.039 million (2019 est.)

Exports

$787.981 million (2021 est.) note: data are in current year dollars

$527.044 million (2020 est.) note: data are in current year dollars

$1.091 billion (2019 est.)

Exports - commodities

sugar

Imports

$992.658 million (2021 est.) note: data are in current year dollars

$760.824 million (2020 est.) note: data are in current year dollars

$1.237 billion (2019 est.)

Exchange rates

Netherlands Antillean guilders (ANG) per US dollar -

1.79 (2021 est.)

1.79 (2020 est.)

1.79 (2019 est.)

1.79 (2018 est.)

1.79 (2017 est.)