Sint Maarten: Economy#

The economy of Sint Maarten centers around tourism with nearly four-fifths of the labor force engaged in this sector. Nearly 1.8 million visitors came to the island by cruise ship and roughly 500,000 visitors arrived through Princess Juliana International Airport in 2013. Cruise ships and yachts also call on Sint Maarten's numerous ports and harbors. Limited agriculture and local fishing means that almost all food must be imported. Energy resources and manufactured goods are also imported. Sint Maarten had the highest per capita income among the five islands that formerly comprised the Netherlands Antilles.

Economic Facts#

GDP (purchasing power parity)$798.3 million (2010 est.)
$794.7 million (2008 est.)
$748.9 million (2007 est.)
GDP - real growth rate4% (2012 est.)
1.6% (2008 est.)
4.5% (2007 est.)
GDP - per capita (PPP)$15,400 (2008 est.)
GDP - composition, by sector of originagriculture: 0.4%
industry: 18.3%
services: 81.3% (2008 est.)
Labor force - by occupationagriculture: 1.1%
industry: 15.2%
services: 83.7% (2008 est.)
Exports - commoditiessugar
Agriculture - productssugar
Exchange ratesNetherlands Antillean guilders (ANG) per US dollar -
1.79 (2012)
1.79 (2011)
1.79 (2009)
1.79 (2008)
1.79 (2007)
note: The Netherland Antillean guilder was replaced by the newly created Caribbean guilder in 2013
Industriestourism, light industry
Inflation rate (consumer prices)4% (2012 est.)
0.7% (2009 est.)
Labor force23,200 (2008 est.)
Unemployment rate12% (2012 est.)
10.6% (2008 est.)
GDP (official exchange rate)$794.7 million (2008)