Sint Maarten (Dutch part) Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Sint Maarten (Dutch part)'s current account balance was -6.92% in 2023, ranked 44th globally. This represents a 93.4% decrease from 2022. Data from World Bank, covering 2011–2023.
Overview
Sint Maarten (Dutch part)'s current account balance stood at -6.92% in 2023, a decline of +3.34% from 2022. Sint Maarten (Dutch part) ranked 44th globally.
Sint Maarten's current account balance has been significantly affected by external factors, exhibiting a volatile trend over the past 13 years. The country's all-time peak of 9.40 in 2012 was followed by a steep decline, reaching an all-time trough of -23.49 in 2020. While the balance has shown some improvement in recent years, it still remains in the negative, with a current account balance of -6.92 in 2023, ranking 44th globally. This is comparable to that of the Bahamas, which reported a current account balance of -7.00 in 2023. Greece, another peer country, also experienced a decline in its current account balance, reaching -6.78 in 2023. The negative balance suggests that Sint Maarten relies heavily on foreign capital to finance its trade deficit, making the country vulnerable to fluctuations in global markets. A strengthening of the local economy, particularly in tourism and manufacturing sectors, could potentially alter this trajectory and lead to a more sustainable balance.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2023 | -6.92% | −3.34% | #44 |
| 2022 | -3.58% | +19.44% | #86 |
| 2021 | -23.02% | +0.47% | #5 |
| 2020 | -23.49% | −11.77% | #8 |
| 2019 | -11.72% | −17.65% | #22 |
| 2018 | 5.93% | +2.45% | #160 |
| 2017 | 3.48% | +5.34% | #159 |
| 2016 | -1.86% | −3.15% | #119 |
| 2015 | 1.28% | +9.42% | #144 |
| 2014 | -8.14% | −8.56% | #39 |
| 2013 | 0.42% | −8.97% | #133 |
| 2012 | 9.40% | +9.88% | #172 |
| 2011 | -0.48% | – | #135 |
Analysis
Sint Maarten (Dutch part)'s current account balance was -6.92% in 2023, a decline of −3.34% from 2022.
Frequently Asked Questions
Sint Maarten (Dutch part)'s current account balance was -6.92% in 2023. Ranked 44th globally. This represents a 93.4% decrease from the previous year.
Sint Maarten (Dutch part)'s current account balance peaked at 9.40% in 2012.
The lowest current account balance in Sint Maarten (Dutch part) was -23.49% in 2020.
Sint Maarten (Dutch part) ranks 44th globally in current account balance as of 2023.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
The current account balance of Sint Maarten (Dutch part) in 2023 was -6.92%. This ranks 44th in the world.
Cite this page
@misc{historysaid_sint-maarten-dutch-part_current-account,
title = {Sint Maarten (Dutch part) Current Account Balance},
url = {https://historysaid.com/sint-maarten-dutch-part/current-account/},
publisher = {HistorySaid},
year = {2026}
}