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"Airport at full capacity is vital for broader economic activity”
CBCS expects growth to continue in Sint Maarten in 2024
WILLEMSTAD/PHILIPSBURG - Economic growth is set to ease in Sint Maarten in 2024. Following an expansion of 3.8% in 2023, growth is expected to fall slightly to 3.5% in 2024 and moderate to 2.3% in 2025, according to estimates of the Centrale Bank van Curaçao en Sint Maarten (CBCS) in its September 2024 Economic Bulletin. Still, the outlook for 2024 represents an upward adjustment of 0.3 percentage point from June on account of a more optimistic growth forecast for both cruise and stay-over tourism. Domestic and net foreign demand are expected to contribute positively to Sint Maarten’s real GDP expansion in 2024. The increase in domestic demand is sustained primarily by a gain in private investments, particularly ongoing large commercial and residential projects, while the positive contribution of net foreign demand is attributed to the increase in exports outpacing the higher import bill.