The Department of Statistics has released preliminary estimates of
economic growth in 2013 as measured by the Gross Domestic Product
by production at 1.0% in real terms.
Compared to 2012, when final estimates show growth of 1.4%, the 2013
results confirm a deceleration of economic activities particularly with a
slower pace growth in the government sector and decrease in gross value
added of the Financial intermediation sector.
Economic activities increased by 3.5 percent in nominal terms from
about Ang. 1,764 in 2012 to Ang. 1,825 million in 2013. Overall 10 of
the 15 industries recorded growth in gross value added in 2013. The
highest growth rates were recorded in the Construction (8%), Trade
(6.5%) and Real estate, renting & Business activities industries (7.8%).2
The Construction industry saw a major improvement in 2013, with a
single-digit increase in gross value added in contrast to the negative
development experienced in 2012.
Although the Trade and ‘Hotels & Restaurants’ industries saw growth in
value added in 2013, this was less pronounced than in 2012.
For a breakdown of nominal figures by industry visit www.stat.gov.sx3
Gross Domestic Product (GDP) by Sector and Industry, St.Maarten (mln ANG)
2009 2010 2011 2012 2013
Non-Financial Corporations, Households & Non-profits serving households
A+B Agriculture and fishing 4.4 3.4 2.0 2.1 2.4
D Manufacturing 24.5 32.2 34.3 32.8 29.8
E Electricity, gas and water 60.7 56.8 53.7 52.4 53.7
F Construction 99.3 104.6 118.1 108.6 117.3
G Trade 180.2 234.1 212.0 246.1 262.0
H Hotels and restaurants 115.9 110.2 116.5 123.1 128.9
I Transport,storage and communications 177.7 191.4 171.7 180.4 189.1
K +M Real estate, renting and business activities, education 297.6 322.6 367.0 381.0 414.0
N Health and social work 56.1 41.2 36.9 44.7 40.9
O + P Other community, social and personal service act., private households 98.4 82.4 95.8 87.8 87.0
Toegevoegde waarde van bedrijven Gross Value Added, marketprices 1114.9 1178.9 1207.9 1258.9 1325.0
Financial corporations
J Financial intermediation 166.6 172.3 180.0 173.0 162.1
Gross Value Added, marketprices 166.6 172.3 180.0 173.0 162.1
Government
Gross Value Added, marketprices 145.4 143.6 167.1 187.9 194.3
Total Gross Value Added, market prices 1426.8 1494.7 1554.9 1619.9 1681.4
Taxes less subsidies on products 139.5 137.7 154.1 179.6 179.2
minus financial intermediation indirectly measured 35.9 35.2 34.1 35.1 35.2
Gross Domestic Product, market prices 1530.4 1597.2 1675.0 1764.4 1825.4
Nominal growth 5.0 4.4 4.9 5.3 3.5
Inflation 0.7 3.2 4.6 4.0 2.5
Real growth -0.2 1.1 0.3 1.4 1.0
