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With construction and tourism as main drivers
CBCS: Growth continues across monetary union
WILLEMSTAD/PHILIPSBURG – Growth is set to continue across the monetary union in 2024, although the pace of growth of the countries moves at different speeds. While real GDP growth in Curaçao is projected to accelerate to 4.8%, the pace of expansion in Sint Maarten is set to ease to 3.0%.
In line with the projected price developments in its main trading partners, inflation in Curaçao will decline further to 2.5%. In Sint Maarten, by contrast, inflation is expected to rise to 2.5% reflecting a delayed pass-through of international commodity price increases, according to the March 2024 Economic Bulletin by the Centrale Bank van Curaçao en Sint Maarten (CBCS).