Insurance and financial services in Sint Maarten (Dutch part)
Sint Maarten (Dutch part): Insurance and financial services was 2.0% in 2023. ▲ Rising
Insurance and financial services in Sint Maarten (Dutch part), 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2023, insurance and financial services in Sint Maarten (Dutch part) stood at 2.0%. That is the lowest value across all 13 years on record.
That represents a change of down 26.6% on the previous year and down 27.5% over ten years.
Over the whole period, insurance and financial services in Sint Maarten (Dutch part) peaked at 7.0% in 2020 and was at its lowest, 2.0%, in 2023.
That places Sint Maarten (Dutch part) 178th out of 197 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Insurance and financial services in Sint Maarten (Dutch part), year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2011 | 2.8% | — |
| 2012 | 2.1% | -22.8% |
| 2013 | 2.8% | +30.1% |
| 2014 | 4.7% | +69.4% |
| 2015 | 3.3% | -30.8% |
| 2016 | 3.8% | +16.0% |
| 2017 | 2.4% | -35.6% |
| 2018 | 5.1% | +110.2% |
| 2019 | 3.8% | -26.2% |
| 2020 | 7.0% | +83.9% |
| 2021 | 3.7% | -46.9% |
| 2022 | 2.8% | -25.5% |
| 2023 | 2.0% | -26.6% |
Sint Maarten (Dutch part) compared with similar countries
- Sint Maarten (Dutch part)'s 2.0% is below the median for high income countries, which is 6.4%, 32% of the median. (72 countries reporting)
- Sint Maarten (Dutch part)'s 2.0% is below the median for Latin America & Caribbean, which is 10.1%, 20% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.4% | 2.1% | 5.1% | 9 |
| 2020s | 3.9% | 2.0% | 7.0% | 4 |
Countries ranked near Sint Maarten (Dutch part)
More private sector data for Sint Maarten (Dutch part)
- Merchandise trade 80.7% (2025)
- Merchandise imports 1.30 billion current US$ (2025)
- Merchandise exports 221.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 5,032 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1171 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -2.64 % change on previous year (2025)
- Merchandise imports (current US$), per capita 29,643 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.6897 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), annual growth rate 5.08 % change on previous year (2025)
- Commercial service exports (current US$), per capita 29,666 current US$ per person (2023)
Frequently asked questions
- What is insurance and financial services in Sint Maarten (Dutch part)?
- Insurance and financial services in Sint Maarten (Dutch part) was 2.0% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Sint Maarten (Dutch part)?
- The highest recorded value was 7.0% in 2020.
- What is the lowest insurance and financial services recorded in Sint Maarten (Dutch part)?
- The lowest recorded value was 2.0% in 2023.
- How does Sint Maarten (Dutch part) rank for insurance and financial services?
- Sint Maarten (Dutch part) ranks 178th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in Sint Maarten (Dutch part)?
- Over the last ten years it is down 27.5%. The long-run trend across the full record is rising.
- Where does this Sint Maarten (Dutch part) data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.