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Quarterly Bulletin 2021-II

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According to estimates of the CBCS, the monetary union of Curaçao and Sint Maarten has experienced moderate growth in 2021 following an unprecedented contraction in 2020 caused by the COVID-19 pandemic. During 2021, real GDP grew by 4.0% in Sint Maarten, while Curaçao recorded a smaller expansion of 1.7% as the country went into a 6-week lockdown in March–April 2021 due to a surge in COVID-19 cases. The current growth estimates for the monetary union for 2021 are predicated primarily on continuation of a strong rebound in stay-over tourism, which started in the second quarter of 2021. Still, stay-over tourism has remained below pre-pandemic levels.


Last updated: 10.07.2024 17:07