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Country Report St Maarten March 2011
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HTMLEconomic structure: Quarterly indicators
| 2008 | 2009 | 2010 | ||||||||
| 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | |
| Prices | ||||||||||
| Consumer prices (2006=100) | 112.3 | 115.4 | 116.8 | 114.2 | 114.5 | 116.3 | 117.3 | 117.8 | 118.5 | n/a |
| Consumer prices (% change, year on year) | 6.4 | 8.0 | 8.1 | 4.0 | 2.0 | 0.7 | 0.4 | 3.2 | 3.5 | n/a |
| Financial indicators | ||||||||||
| Exchange rate Naf:US$ (av) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Exchange rate Naf:US$ (end-period) | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Deposit rate (av; %) | 2.3 | 2.3 | 2.2 | 2.2 | 2.3 | 2.2 | 2.0 | 1.8 | 1.5 | 1.2 |
| Government bond yield rate (av; %) | 5.0 | 5.0 | 5.3 | 5.7 | 4.9 | 4.5 | 4.3 | 4.0 | 3.3 | 3.3 |
| Lending rate (av; %) | 8.4 | 8.4 | 8.2 | 8.0 | 7.7 | 7.3 | 7.1 | 7.3 | 7.5 | 7.5 |
| Treasury bill rate (av; %) | 4.5 | 4.0 | 4.0 | 3.0 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| M1 (end-period; Naf m) | 2,245.0 | 2,245.0 | 2,245.0 | 2,262.2 | 2,557.1 | 2,400.7 | 2,758.2 | 2,964.6 | 2,893.0 | 3,051.9 |
| M1 (% change, year on year) | 14.5 | 20.1 | 29.8 | 2.1 | 13.9 | 6.9 | 22.9 | 31.0 | 13.1 | 27.1 |
| M2 (end-period; Naf m) | 6,561.2 | 6,561.2 | 6,561.2 | 7,097.5 | 7,322.3 | 7,353.5 | 7,714.3 | 7,978.5 | 7,949.5 | 8,101.3 |
| M2 (% change, year on year) | 12.9 | 15.4 | 17.4 | 10.1 | 11.6 | 12.1 | 17.6 | 12.4 | 8.6 | 10.2 |
| Sectoral trends in tourism | ||||||||||
| Stay-over visitors (‘000) | ||||||||||
| Curaçao | 83.7 | 84.2 | 135.9 | 94.0 | 85.7 | 88.1 | 98.9 | 84.8 | 75.6 | 87.4 |
| St Maarten | 115.6 | 103.7 | 102.3 | 129.0 | 106.6 | 96.3 | 108.2 | 138.0 | 105.6 | 92.8 |
| Cruise tourism (‘000) | ||||||||||
| Curaçao | 45.0 | 25.2 | 126.0 | 199.7 | 55.2 | 35.0 | 133.1 | 161.3 | 61.5 | 17.4 |
| St Maarten | 254.6 | 176.3 | 397.0 | 541.0 | 240.0 | 122.8 | 311.3 | 542.8 | 307.7 | 231.8 |
| Net tourism receipts (current account; US$ m) | 186.4 | 153.0 | 231.8 | 275.4 | 155.3 | 139.0 | n/a | n/a | n/a | n/a |
| Foreign trade and payments (transaction basis; US$ m) | ||||||||||
| Goods: exports fob | 486.4 | 543.5 | 438.8 | 375.9 | 344.7 | 350.4 | 379.0 | 375.5 | 314.2 | 353.3 |
| Goods: imports fob | 1,349.7 | 1,441.3 | 1,356.9 | 1,132.7 | 1,076.3 | 1,161.6 | 1,295.9 | 1204.2 | 1159.8 | 1,248.1 |
| Merchandise trade balance fob-fob | -863.4 | -897.8 | -918.1 | -756.7 | -731.6 | -811.2 | -916.9 | -828.7 | -845.6 | -894.8 |
| Services balance | 472.2 | 394.1 | 550.0 | 618.8 | 470.0 | 371.5 | 518.8 | 598.20 | 450.10 | 378.5 |
| Income balance | -25.0 | -9.3 | -31.3 | -41.9 | -28.8 | -44.2 | -57.9 | -9.10 | -43.70 | -17.4 |
| Net transfer payments | 1.5 | -42.1 | 0.4 | 113.4 | 246.7 | 133.5 | 247.3 | 205.20 | 24.70 | 84.40 |
| Workers' remittances | 15.0 | 16.8 | 38.4 | 26.9 | 25.3 | 23.4 | 29.7 | n/a | n/a | n/a |
| Current-account balance | -414.7 | -555.0 | -399.1 | -66.4 | -43.7 | -350.5 | -208.7 | -34.4 | -414.5 | -449.3 |
| Reserves excl gold (end-period) | 739 | 783 | 819 | 862 | 895 | 900 | 867 | 871 | 839 | 1089 |
| All data refer to the Netherlands Antilles. | ||||||||||
| Sources: IMF, International Financial Statistics; Centrale Bank van Curaçao en Sint Maarten. | ||||||||||
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