Saint Martin Economy - 2024

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.)

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 -

Exchange rates:
0.885 (2017 est.)
0.903 (2016 est.)
0.9214 (2015 est.)
0.885 (2014 est.)
0.7634 (2013 est.)