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Saint Martin:
Economy

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Economy - overview
Definition
The economy of Saint Martin centers around tourism with 85% of the labor force engaged in this sector. Over one million visitors come to the island each year with most arriving through the Princess Juliana International Airport in Sint Maarten. No significant agriculture and limited local fishing means that almost all food must be imported. Energy resources and manufactured goods are also imported, primarily from Mexico and the United States. Saint Martin is reported to have the highest per capita income in the Caribbean.
GDP - composition by sector
Definition
agriculture: 1%
industry: 15%
services: 84% (2000)
Labor force - by occupation
Definition
85% directly or indirectly employed in tourist industry
Industries
Definition
tourism, light industry and manufacturing, heavy industry
Imports - commodities
Definition
crude petroleum, food, manufactured items
Imports - partners
Definition
US, Mexico (2006)
Currency (code)
Definition
euro (EUR); note - US dollar (USD) widely used
Exchange rates
Definition
euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)


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