Saint Martin: Economy#

The economy of Saint Martin centers around tourism with 85% of the labor force engaged in this sector. Over one million visitors come to the island each year with most arriving through the Princess Juliana International Airport in Sint Maarten. No significant agriculture and limited local fishing means that almost all food must be imported. Energy resources and manufactured goods are also imported, primarily from Mexico and the United States. Saint Martin is reported to have the highest per capita income in the Caribbean.

Economic Facts#

GDP (purchasing power parity)$561.5 million (2005 est.)
GDP - per capita (PPP)$19,300 (2005 est.)
GDP - composition, by sector of originagriculture: 1%
industry: 15%
services: 84% (2000)
Labor force - by occupation85% directly or indirectly employed in tourist industry
Imports - commoditiescrude petroleum, food, manufactured items
Exchange rateseuros (EUR) per US dollar -
0.7107 (2011 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)
Industriestourism, light industry and manufacturing, heavy industry
Labor force17,300 (2008 est.)
GDP (official exchange rate)$561.5 million (2005 est.)