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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.

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%).