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 service imports, BoP.
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.
The figure is down 26.4% on the previous year and down 28.1% over ten years.
Over the whole period, insurance and financial services in Sint Maarten (Dutch part) peaked at 6.8% in 2020 and was at its lowest, 2.0%, in 2023.
Sint Maarten (Dutch part) ranks 178th of 197 countries on this measure, 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 service imports, BoP | Change |
|---|---|---|
| 2011 | 2.8% | — |
| 2012 | 2.1% | -23.3% |
| 2013 | 2.8% | +31.2% |
| 2014 | 4.7% | +69.2% |
| 2015 | 3.3% | -31.0% |
| 2016 | 3.8% | +15.7% |
| 2017 | 2.4% | -35.2% |
| 2018 | 5.1% | +108.8% |
| 2019 | 3.8% | -26.0% |
| 2020 | 6.8% | +80.5% |
| 2021 | 3.6% | -46.9% |
| 2022 | 2.7% | -24.7% |
| 2023 | 2.0% | -26.4% |
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 6.2%, 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 | 3.8% | 2.0% | 6.8% | 4 |
Countries ranked near Sint Maarten (Dutch part)
More economy & growth data for Sint Maarten (Dutch part)
- GNI (current LCU), per capita 71,778 current LCU per person (2024)
- Taxes less subsidies on products (current US$), per capita 1,910 current US$ per person (2021)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0587 current US$ per US$ of GDP (2021)
- Industry (including construction), value added (current LCU), per 3,512 current LCU per person (2021)
- Taxes less subsidies on products (current US$), annual growth rate 10.58 % change on previous year (2021)
- Net primary income (Net income from abroad) (current LCU), annual -19.97 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual -19.97 % change on previous year (2024)
- GNI (current LCU), annual growth rate 6.19 % change on previous year (2024)
- GNI (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2024)
- GNI (current US$), per capita 40,099 current US$ per person (2024)
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 6.8% 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 28.1%. 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 service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.