Sint Maarten is a constituent country of the Kingdom of the Netherlands in the Caribbean Sea. With a population of 40,120 on an area of 37 km2 (14 sq mi), it encompasses the southern 40% of the divided island of Saint Martin, while the northern 60% of the island constitutes the French overseas collectivity of Saint-Martin, the only place that France borders the Netherlands.
St. Maarten's economy is mostly based on tourism, either from tourists staying on the island or day tourists from the many cruise lines that dock in the Philipsburg Harbour.
In the 2014/2015 cruise year, an estimated 1.85 million cruise passengers visited St. Maarten. In 2017, U.S. exports to Sint Maarten were valued at $545 million, while U.S. imports from Sint Maarten totaled $71 million, mostly sugar. The Netherlands Antillean guilder (ANG) is the official currency in Sint Maarten and it is pegged to the U.S. dollar. The U.S. dollar is also widely accepted.
After Hurricane Irma hit the island in 2017, Sint Maarten's economy has decreased significantly. In a 2019 report, it was revealed that the island's GDP dropped by 4.7%, with an increase in inflation. This drastic hit to the economy was due to lessened tourism, real estate, trade, and business activities.
MISCELLANEOUS INVESTMENT FACTS
Sint Maarten has the 14th largest GDP per capita in the world (including territories) when measured by purchasing power parity, over three times as high as its French counterpart
In 2014, St. Maarten had more gaming machines per resident than any other country in the world.
Overview of Opportunities in Sint Maarten
Relevant Industries to Focus On
Travel and Tourism