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Real growth down by 6.6% in 2018

The Department of Statistics estimates that the real Gross Domestic Product (GDP) as measured by the GDP in constant prices, dropped by 6.6% in 2018, a deceleration in  comparison with the 2017 real GDP estimate which recorded a decrease of 5.8%. Real GDP decreased from ANG 2,117 million in 2017 to ANG 1,977 million in 2018.

Real growth down by 8.4% in 2017

The Department of Statistics estimates that in 2017 real GDP growth dropped by 8.4%. This decrease is not surprising given the anticipated negative impact of hurricane Irma on the economy of St.Maarten.

GDP in current prices decreased from ANG 1,919 million to ANG 1,815 million in 2017. Whereas, real GDP decreased from ANG 1,765 million in 2016 to ANG 1,616 million in 2017. Values for real GDP are adjusted for inflation to remove the impact of changes in price levels, providing a more accurate figure of economic growth.

Economic growth down to 0.4% in 2016

The Department of Statistics released today its preliminary estimate of real growth, at 0.4% for the year 2016 and final estimate of 0.5% for 2015. This is the second year running that real economic growth has remained under 1 percent, with a slightly worsening position in 2016 than the year before.

STAT announces start of 2014 National Accounts Survey

The Department of Statistics (STAT), informs the business community about the start of its National Accounts Survey on July 16th 2014.
This annual survey seeks to collect financial data from all industries operating on the island, such that the performance of the local economy can be measured.