Investment-levels lag behind Caribbean average
PHILIPSBURG — The International Monetary fund (IMF) observes in its 2022 Article IV Consultation that public investments levels in St. Maarten are too low compared to the Caribbean region. The average Caribbean investment level is 4 percent of Gross Domestic Product (GDP), but up to 2016 St. Maarten invested just 1 percent. This year, St. Maarten More...
Almost one in five households live under the poverty line
PHILIPSBURG — At least 19 percent of St. Maarten’s population has a monthly income of 1,000 guilders ($558.66) or less, it appears from an analysis of the local labor market by the Economic Bureau Amsterdam More...
Dutch-side economy twice the size of that on the French side
PHILIPSBURG — The economy of St. Maarten is roughly twice the size of that of the French part of the island, it appears from the Economic Bulletin of September, published by the Central Bank of Curacao and More...
Central Bank: economic recovery continues
PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...
Statistics department optimistic about economic recovery
PHILIPSBURG — St. Maarten’s economic recovery is moving in the right direction, according to the recently completed economic indicators table from the Department of Statistics (STAT). The numbers used for More...
Enterprise Support Program extended until 2028
PHILIPSBURG — The Enterprise Support Project (ESP) will remain in place until June 2028, the National Recovery Project Bureau (NRPB) announced in a press release. Micro, small and medium enterprises can More...
Business incubators
Cdr. Bud Slabbaert floated an interesting concept in a column that describes the benefits of business incubators. Incubators have a strong resemblance with the business centers that were all the rage in the eighties More...
Economic growth slows down in 2023
PHILIPSBURG – Real growth of St. Maarten’s Gross Domestic Product will drop from 9.8 percent in 2022 to 3.2 percent this year, the Central Bank of Curacao and St. Maarten (CBCS) reports in its Monetary More...
St. Maarten second on investment climate index
PHILIPSBURG — St. Maarten is for the first time since its introduction in 2021 placed on the Caribbean Investment Climate Index, an initiative of the Economic Bureau Amsterdam. The index measures the investment More...
Consumer Price Index: life is becoming more expensive
PHILIPSBURG – The Consumer Price Index increased by 0.44 percent in the first quarter of 2023 compared to the last quarter in 2022. Compared to the first quarter of 2022, the increase is 3.48 percent. In More...
