Sint Maarten Economy - 2023

GEOGRAPHICAL NAMES 

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.)

NOTE: The information regarding Sint Maarten 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 Sint Maarten 2023 information contained here. All suggestions for corrections of any errors about Sint Maarten 2023 should be addressed to the CIA or the source cited on each page.