The Department of Statistics (STAT) released today main results of its 2018 Labour Force Survey. 

The Department of Statistics (STAT) from the Ministry of Tourism, Economic Affairs, Traffic & Telecommunications, conducted an Economic Census Survey (ECS) from May 2nd to September 7th 2018. An Economic Census involves a count of all economic units actively operating within an economic territory as well as gathering data on their main characteristics.

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.

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.