National Accounts 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.
Bi-monthly price index up slightly and annual inflation rates steadily increase
The Consumer Price Index for Sint Maarten has increased in the month of December 2017 by 0.6 percent compared to that of October 2017.
When comparing average consumer prices over a twelve month period (December 2016 to December 2017), an increase of 2.2% was recorded compared to the same period one year earlier. Inflation has shown an overall increase in 2017 (2.2%) compared to the rate of inflation recorded in 2016 (0.1%).
Prices have increased compared to December 2017
The Consumer Price Index for Sint Maarten has increased in the month of December 2017 by 0.6 percent compared to that of October 2017.
Prices have increased compared to August 2017
The Consumer Price Index for Sint Maarten has increased in the month of October 2017 by 0.9 percent compared to that of August 2017.
When comparing average consumer prices over a twelve month period (October 2016 to October 2017) an inflation rate of 1.9% is recorded.