St Eustatius
Population
Immigration halved in 2020
| Country | 2011 | 2016 | 2021 |
|---|---|---|---|
| Caribbean Netherlands |
1.12 | 1.11 | 1.12 |
| Aruba, Curaçao, St Maarten |
0.57 | 0.65 | 0.71 |
| Other South and Central America |
1.11 | 0.93 | 0.88 |
| North America |
0.40 | 0.11 | 0.08 |
| European Netherlands |
0.15 | 0.20 | 0.20 |
On St Eustatius, the number of inhabitants did not change much in 2020. On 1 January 2021, St Eustatius counted 3,142 inhabitants. This is 469 fewer than in 2011. The number of residents born in the Caribbean Netherlands (1.1 thousand, almost all of them born on the island – has not changed over the past decade. The population decline mainly concerned persons born in the United States; due to clean-ups of the population register, the records of US-born persons showed they had moved back to their home country.
| Population development | 2015/2018 | 2019 | 2020 |
|---|---|---|---|
| Live births | 31 | 30 | 50 |
| Deaths | 16 | 15 | 16 |
In 2020, the total number of live births was relatively high: 50, up from 30 in 2019 and an average of 32 in the period 2015–2019. The birth rate on St Eustatius increased most notably among inhabitants in their thirties. The reason for this increase has not been investigated. A possible explanation is that, due to coronavirus measures, women were more likely to give birth on St Eustatius itself rather than on St Maarten. Mortality in 2020 was comparable to the preceding five years. On average 17 deaths were recorded on Statia each year.
| Migration | Country of origin/destination | 2020 | 2019 | 2016/2018 |
|---|---|---|---|---|
| Immigration, region of origin |
Aruba, Curaçao, St Maarten, Immigration, region of origin |
34 | 32 | 47 |
| Immigration, region of origin |
Other South and Central America, Immigration, region of origin |
24 | 80 | 60 |
| Immigration, region of origin |
North America, Immigration, region of origin |
4 | 19 | 11 |
| Immigration, region of origin |
European Netherlands, Immigration, region of origin |
39 | 41 | 50 |
| Emigration, region of destination |
Aruba, Curaçao, St Maarten, Emigration, region of destination |
11 | 24 | 47 |
| Emigration, region of destination |
Other South and Central America, Emigration, region of destination |
27 | 5 | 8 |
| Emigration, region of destination |
North America, Emigration, region of destination |
0 | 7 | 2 |
| Emigration, region of destination |
European Netherlands, Emigration, region of destination |
63 | 34 | 53 |
Overall, net migration was negative. Compared to previous years, immigration was nearly halved: from around 200 on average to 115 in 2020. The drop in immigration was seen among multiple origin countries, mostly the Dominican Republic. Emigration rose from around 90 in 2016–2019 to 115 in 2020.
| Number of persons | 2015/2018 | 2019 | 2020 |
|---|---|---|---|
| Marrying | 22 | 23 | 19 |
| Divorcing | 21 | 18 | 23 |
In 2020 19 inhabitants of St Eustatius married. This is slightly less than in 2019 and the average for the period 2015–2018 (23 and 22 persons respectively).
St Eustatius: Less thirty+ population due to cleansing of register.
More information about the population of St Eustatius.
Youth
Almost 4 in 10 young people were born on St Eustatius
In early 2021, St Eustatius had more than 900 young residents (0 to 24 years). Almost 4 in 10 were born on the island. An approximately equal proportion of the young people were born on St Maarten, partly due to better childbirth facilities on this island. In addition, 13 percent of the young residents were born in Central or South America, 7 percent in the European Netherlands and 4 percent on Curaçao. Half of those from Central or South America were born in the Dominican Republic. Relative to early 2020, a small decrease was seen in the number of young people born in Central or South America, and a small increase in the number born on St Eustatius. Compared to five years ago, fewer children were born on St Eustatius, in Central or South America or in the European Netherlands; more were born on St Maarten and Curaçao.
| Country of birth | 2021 | 2020 | 2016 |
|---|---|---|---|
| St Eustatius | 340 | 332 | 382 |
| St Maarten | 311 | 308 | 266 |
| Central and South America | 118 | 126 | 150 |
| European Netherlands | 68 | 71 | 78 |
| Curaçao | 33 | 30 | 23 |
| Other | 54 | 41 | 46 |
The number of young adults (20 to 24 years) on the island is relatively small compared to the younger age categories. This is partly due to migration processes. In the category 20–24 years, the numbers born on St Eustatius, St Maarten, European Netherlands and Curaçao are smaller than in the younger categories, while a larger number was born in Central or South America.
| Country of birth | St Eustatius | St Maarten | Central and South America | European Netherlands | Curaçao | Other |
|---|---|---|---|---|---|---|
| 0 to 4 yrs | 56 | 85 | 9 | 7 | 11 | 19 |
| 5 to 9 yrs | 71 | 79 | 14 | 11 | 6 | 11 |
| 10 to 14 yrs | 78 | 79 | 25 | 25 | 8 | 9 |
| 15 to 19 yrs | 80 | 44 | 33 | 22 | 7 | 7 |
| 20 to 24 yrs | 55 | 24 | 37 | 3 | 1 | 8 |
More information about youth on St Eustatius.
Please also visit also our Youth Monitor with information on the Caribbean Netherlands
Nature
Reef Health Index
The health of coral reefs is measured through the Reef Health Index on a scale from 1 (critical) to 5 (very good). The index is determined by coral cover, microalgae cover (growing partly on the corals), herbivorous fish (that eat algae) and, large groupers and snappers (that eat smaller fish).
| Observation | |
|---|---|
| 1999 | no data available |
| 2000 | no data available |
| 2001 | no data available |
| 2002 | no data available |
| 2003 | no data available |
| 2004 | no data available |
| 2005 | 43% |
| 2006 | no data available |
| 2007 | 18% |
| 2008 | 14% |
| 2009 | no data available |
| 2010 | no data available |
| 2011 | no data available |
| 2012 | no data available |
| 2013 | no data available |
| 2014 | no data available |
| 2015 | 25% |
| 2016 | no data available |
| 2017 | 24% |
| 2018 | 24% |
| 2019 | 32% |
| 2020 | 17% |
| Source: Kitson-Walters, K. (the Ministry of Agriculture, Nature and Food Quality & CNSI-NIOZ) | |
| and Dutch Caribbean Biodiversity Database | |
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Herbivorous fish mainly consist of parrotfish and surgeonfish.
| Number | |
|---|---|
| 1999 | 4,977 |
| 2000 | no data available |
| 2001 | no data available |
| 2002 | no data available |
| 2003 | no data available |
| 2004 | no data available |
| 2005 | no data available |
| 2006 | no data available |
| 2007 | no data available |
| 2008 | 2,100 |
| 2009 | no data available |
| 2010 | no data available |
| 2011 | no data available |
| 2012 | no data available |
| 2013 | no data available |
| 2014 | 2,514 |
| 2015 | 9,411 |
| 2016 | no data available |
| 2017 | 10,482 |
| 2018 | 15,225 |
| 2019 | 20,047 |
| 2020 | 18,328 |
| Source: Kitson-Walters, K. (the Ministry of Agriculture, Nature and Food Quality & CNSI-NIOZ) | |
| and Dutch Caribbean Biodiversity Database | |
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Groupers and snappers are commercially important fish species for human consumption.
| Number | |
|---|---|
| 1999 | 921 |
| 2000 | no data available |
| 2001 | no data available |
| 2002 | no data available |
| 2003 | no data available |
| 2004 | 1,132 |
| 2005 | no data available |
| 2006 | no data available |
| 2007 | no data available |
| 2008 | 2,261 |
| 2009 | no data available |
| 2010 | no data available |
| 2011 | no data available |
| 2012 | no data available |
| 2013 | no data available |
| 2014 | 1,144 |
| 2015 | 2,195 |
| 2016 | no data available |
| 2017 | 3,106 |
| 2018 | 11,897 |
| 2019 | 7,941 |
| 2020 | 7,379 |
| Source: Kitson-Walters, K. (the Ministry of Agriculture, Nature and Food Quality & CNSI-NIOZ) | |
| and Dutch Caribbean Biodiversity Database | |
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The coral cover has declined sharply since 1999.
| Observation | |
|---|---|
| 1999 | 23% |
| 2000 | no data available |
| 2001 | no data available |
| 2002 | no data available |
| 2003 | no data available |
| 2004 | no data available |
| 2005 | 27% |
| 2006 | no data available |
| 2007 | 26% |
| 2008 | 6,5% |
| 2009 | no data available |
| 2010 | no data available |
| 2011 | no data available |
| 2012 | no data available |
| 2013 | no data available |
| 2014 | no data available |
| 2015 | 5% |
| 2016 | no data available |
| 2017 | 5% |
| 2018 | 4% |
| 2019 | 5% |
| 2020 | 3% |
| Source: Kitson-Walters, K. (the Ministry of Agriculture, Nature and Food Quality & CNSI-NIOZ) | |
| and Dutch Caribbean Biodiversity Database | |
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The Reef Health Index remained stable for the last four years and is considered fair due to the ‘very good’ biomass levels of key herbivorous fish and commercially important fish. The health of the coral reefs themselves is critically low.
More information about the reef health index of St Eustatius.
Energy and water
| Year | Fossil | Renewable |
|---|---|---|
| 2007 | 11.3 | 0.0 |
| 2008 | 11.1 | 0.0 |
| 2009 | 11.4 | 0.0 |
| 2010 | 12.8 | 0.0 |
| 2011 | 12.6 | 0.0 |
| 2012 | 13.7 | 0.0 |
| 2013 | 13.5 | 0.0 |
| 2014 | 13.4 | 0.0 |
| 2015 | 13.9 | 0.0 |
| 2016 | 11.6 | 2.3 |
| 2017 | 10.2 | 3.8 |
| 2018 | 7.8 | 6.5 |
| 2019 | 8.7 | 6.3 |
| 2020 | 10.4 | 4.8 |
Over a period of fourteen years, electricity production on St. Eustatius increased by 34 percent, from 11.3 million kilowatt hours (kWh) in 2007 to 15.2 million kilowatt hours in 2020. Of the total electricity production in 2020, 4.8 million kilowatt hours (31 percent) came from renewable sources. In 2019 the share of renewable electricity production was 41.9 percent and this was generated by solar panels.
The generation of sustainable energy started in 2016 when the first solar farm was constructed. In November 2017 that farm was expanded, resulting in a doubling of solar electricity production.
| Year | Water production |
|---|---|
| 2014 | 47.3 |
| 2015 | 56.6 |
| 2016 | 64.6 |
| 2017 | 68.0 |
| 2018 | 75.0 |
| 2019 | 97.3 |
| 2020 | 93.1 |
In 2020, water production on St Eustatius was 0.0931 million cubic metres (m3). In 2014 the total was just 0.0473 million cubic metres, so this represents an increase of 97 percent over a 7‑year period. In 2020 water production decreased by 0.0042 million cubic metres on 2019. Normally, water production increases every year. One explanation for the decrease could be that, due to the lockdown, no tourists were able to visit St. Eustatius during most of 2020.
More information about water and electricity production on St Eustatius.
Tourism and transport
In 2020, the number of visitors (non-residents) arriving by air on St Eustatius stood at 3.3 thousand. This represents a decrease of 69 percent on 2019. After two normal months, the tourism sector on St Eustatius was clearly affected by the coronavirus crisis. From April through October, hardly any visitors arrived on St Eustatius. The main countries of origin of the visitors by air in 2020 were the European Netherlands (22 percent) and Aruba, Curaçao or St Maarten (31 percent). In December 2020, F.D. Roosevelt Airport was given a new hub function enabling direct flights between Bonaire and St Eustatius next to its connection to and from St Maarten. St Eustatius does not have a regular ferry connection with St Maarten.
| Year | Number of visitors |
|---|---|
| 2014 | 11.3 |
| 2015 | 10.7 |
| 2016 | 11.0 |
| 2017 | 10.3 |
| 2018 | 10.5 |
| 2019 | 10.5 |
| 2020* | 3.3 |
| * Provisional figures | |
| Nationality | 2020* | 2019 | 2018 |
|---|---|---|---|
| Dutch (Aruba, Curaçao, St Maarten) |
31 | 32 | 31 |
| Dutch (Europe) | 22 | 21 | 20 |
| US | 10 | 11 | 13 |
| Dominican | 7 | 6 | 6 |
| Other European (excl. Dutch) | 10 | 11 | 10 |
| Other | 20 | 20 | 20 |
| * Provisional figures | |||
More information about inbound tourism by air on St Eustatius.
Traffic and Transport
In 2020, there were 3.0 thousand aircraft movements to and from St Eustatius, down 53 percent on the previous year. The number of passengers visiting St Eustatius in 2020 declined even further, by 68 percent. Air traffic on St Eustatius was halted for some time due to COVID-19 restrictions. In the fourth quarter of 2020, air traffic decreased by 59 percent on the previous year. In that quarter, the number of passengers also remained far behind (82 percent) the level of one year previously.
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2014 | 1.4 | 1.5 | 1.4 | 1.5 |
| 2015 | 1.5 | 1.4 | 1.3 | 1.4 |
| 2016 | 1.4 | 1.4 | 1.5 | 1.5 |
| 2017 | 1.5 | 1.5 | 1.4 | 1.8 |
| 2018 | 1.8 | 1.7 | 1.7 | 1.7 |
| 2019 | 1.6 | 1.6 | 1.6 | 1.6 |
| 2020 * | 1.4 | 0.3 | 0.7 | 0.7 |
| 2021 * | 0.8 | . | . | . |
| * Provisional figures | ||||
More information about monthly airport data on St Eustatius.
Labour
In 2020, the size of the working age population (15 to 74 years) on St Eustatius was 2.4 thousand, with 71.0 percent in employment. Male labour force participation was slightly above average: 71.8 percent, against 70.1 percent of the women. Participation was relatively low among young people. Two-thirds (65.6 percent) of the lower educated were in employment, versus 78.8 percent of those with an intermediate education level and 89.8 percent of the highly educated.
In 2020, Statia’s unemployment rate was 2.3 percent of the labour force, equivalent to 40 unemployed.
Of all Statian residents, 660 were not in the local labour force. They were not looking for work or not immediately available; in most cases, a combination of both. A large group (42 percent) were those not prepared or unable to work due to old age or retirement. At 27 percent, education was also an important reason for local – mainly young – residents not to be working. Other, smaller groups include those unable to work due to a disability or poor health (3 percent) or people who have to take care of a family (4 percent).
| Net labour participation rate | |
|---|---|
| Total | 71.0 |
| Male | 71.8 |
| Female | 70.1 |
| 15-24 yrs | 31.9 |
| 25-44 yrs | 87.4 |
| 45-74 yrs | 68.7 |
| Low education level | 65.6 |
| Intermediate education level | 78.8 |
| High education level | 89.8 |
| Population not in labour force | |
|---|---|
| Not available or not looking | . |
| Available but not looking for work | 110 |
| Looking but not available for work | . |
| Not available and not looking | . |
| Willing to work | 10 |
| Not willing/able to work because of | . |
| Care | 30 |
| Education | 180 |
| Retirement or old age | 280 |
| Illness, disability, poor health | 20 |
| Other reason | 30 |
The average annual wage of employee jobs on St Eustatius was 36.4 thousand US dollars in 2019. This is 7 percent more compared with 2018. Women’s wages were 26 percent lower than men’s. Over a third of employee jobs (36 percent) had earnings less than 20 thousand US dollars.
| Year | Male | Female |
|---|---|---|
| 2011 | 36.13 | 24.05 |
| 2012 | 39.82 | 26.23 |
| 2013 | 39.44 | 26.7 |
| 2014 | 41.88 | 29.62 |
| 2015 | 43.63 | 30.63 |
| 2016 | 43.19 | 30.75 |
| 2017 | 46.74 | 31.04 |
| 2018 | 38.92 | 29.51 |
| 2019* | 42.32 | 31.17 |
| * Provisional figures | ||
More information about jobs and wages on St Eustatius.
Income
Households on St Eustatius have the highest median disposable income of the Caribbean Netherlands. In 2019, households in median had 26.9 thousand US dollars to spend. This was 3.5 thousand US dollars less than in 2017, when the median income was at its peak. The same pattern is visible among households with incomes primarily from labour. Peaking at 35.1 thousand US dollars in 2017, their median income dropped to 31.8 thousand US dollars in 2019. The median income for households receiving social benefits grew substantially in 2019, to 9.5 thousand US dollars.
| All households | Main income from work | Main income from social benefits | |
|---|---|---|---|
| 2011 | 27.9 | 31.4 | 7.9 |
| 2012 | 28.5 | 32.4 | 8.3 |
| 2013 | 27.8 | 31.7 | 8.3 |
| 2014 | 28 | 32 | 7 |
| 2015 | 29.7 | 34.1 | 7.8 |
| 2016 | 26.4 | 31.4 | 8.4 |
| 2017 | 30.4 | 35.1 | 8.1 |
| 2018 | 27 | 32.2 | 8.4 |
| 2019* | 26.9 | 31.8 | 9.5 |
| * Provisional figures | |||
More information about the income of households on St Eustatius.
Purchasing power development
The purchasing power for people on St Eustatius has increased each year since 2012. In 2019 the median growth of 4.9 percent was at its highest level, as wages increased and both minimum wages and social benefits received a structural increase of 5.0 percent on top of the regular indexation. For working people, the purchasing power rose by 4.8 percent in 2019. People in households on social benefits saw the greatest improvement: their median purchasing power rose by 5.4 percent. Fewer than 1 out of 6 persons in this group were negatively affected.
| All households | Main income from work | Main income from social benefits | |
|---|---|---|---|
| 2012 | 4.5 | 3.9 | 5.7 |
| 2013 | 2.3 | 3.1 | 2.2 |
| 2014 | 1.1 | 1.6 | -0.9 |
| 2015 | 4.6 | 5.4 | 4.5 |
| 2016 | 2.0 | 1.2 | 8.7 |
| 2017 | 2.7 | 1.5 | 6.3 |
| 2018 | 2.5 | 2.0 | 3.4 |
| 2019* | 4.9 | 4.8 | 5.4 |
| * Provisional figures | |||
In 2019, as in the previous year, the median purchasing power grew for every type of household. Due to a higher child benefit, people in households with (minor) children gained the most. One-parent households experienced the largest growth in spending power, namely 7.4 percent. Fewer than 1 out of 3 persons in these households were negatively affected. Among couples with children, the purchasing power increased by 5.8 percent.
| 2019* | 2018 | |
|---|---|---|
| Single person households | 5.3 | 1.7 |
| One parent households | 7.4 | 3.1 |
| Couples, without child(ren) | 2.0 | 1.8 |
| Couples, with child(ren) | 5.8 | 2.9 |
| Multiperson housholds nec | 3.2 | 2.4 |
| * Provisional figures | ||
More information about the purchasing power on St Eustatius.
Income inequality
St Eustatius has the largest income inequality of the three islands. In 2019 the Gini coefficient had a value of 0.43. In terms of the Gini coefficient 0 means total equality: every household has the same income, and 1 means total inequality: one household has all the income, the rest has none. In the period 2011 to 2014 and in 2017, there was less income inequality than in the other years.
| Gini coefficient | |
|---|---|
| 2011 | 0.42 |
| 2012 | 0.41 |
| 2013 | 0.41 |
| 2014 | 0.41 |
| 2015 | 0.43 |
| 2016 | 0.43 |
| 2017 | 0.41 |
| 2018 | 0.43 |
| 2019* | 0.43 |
| * Provisional figures | |
More information about the income inequality on St Eustatius.
Support for companies
As of March 2020, a package of emergency measures has been in place in the Caribbean Netherlands to tackle the economic consequences of the coronavirus crisis. On St Eustatius, 47 percent of businesses availed of a financial contribution towards their wage costs and/or fixed charges last year, with a total of 2.7 million US dollars being paid out for wage costs and 0.7 million for fixed charges. Of all contributions, 19 percent were intended for the accommodation and food services sector.
| Categorie | Total companies | Companies receiving support |
|---|---|---|
| Accommodation and food services | 50 | 30 |
| Other services | 50 | 20 |
| Construction | 40 | 10 |
| Trade | 40 | 20 |
| Rental and other business services | 30 | 10 |
| Transport and storage | 20 | 10 |
| Health care and welfare | 10 | 10 |
| Culture, sports and recreation | 10 | 10 |
Applications were made for wage and living cost allowances related to 320 jobs of both employees and self-employed. Almost one-fifth of these applications were made in the accommodation and food services sector.
More information about companies that received support via the emergency package on St Eustatius.
Consumer prices
In 2020, prices for consumer goods and services on St Eustatius fell by 1.5 percent compared to the previous year. Prices went up by 0.7 percent in 2019.
| Year | Quarter | Year-on-year change |
|---|---|---|
| 2017 | Q1, 2017 | 1.1 |
| 2017 | Q2, 2017 | 2.6 |
| 2017 | Q3, 2017 | 2.1 |
| 2017 | Q4, 2017 | 1.8 |
| 2018 | Q1, 2018 | 2.0 |
| 2018 | Q2, 2018 | 1.2 |
| 2018 | Q3, 2018 | 1.1 |
| 2018 | Q4, 2018 | 1.1 |
| 2019 | Q1, 2019 | 0.7 |
| 2019 | Q2, 2019 | 0.4 |
| 2019 | Q3, 2019 | 0.7 |
| 2019 | Q4, 2019 | 1.0 |
| 2020 | Q1, 2020 | 1.2 |
| 2020 | Q2, 2020 | -0.8 |
| 2020 | Q3, 2020 | -3.3 |
| 2020 | Q4, 2020 | -3.2 |
| 2021 | Q1, 2021 | -4.1 |
| 2021 | Q2, 2021 | -1.2 |
Prices of housing, water and energy dropped by 5.4 percent and communication prices by 9.2 percent. This was mainly caused mainly by government subsidies on electricity, water and internet (relief measures in the context of the coronavirus epidemic).
| Year | Quarter | Food and non-alcoholic beverages | Housing, water and energy |
|---|---|---|---|
| 2017 | Q1, 2017 | 96.7 | 100.5 |
| 2017 | Q2, 2017 | 98.3 | 101.0 |
| 2017 | Q3, 2017 | 102.9 | 99.1 |
| 2017 | Q4, 2017 | 102.0 | 99.4 |
| 2018 | Q1, 2018 | 103.5 | 98.8 |
| 2018 | Q2, 2018 | 104.3 | 99.1 |
| 2018 | Q3, 2018 | 102.6 | 101.9 |
| 2018 | Q4, 2018 | 101.6 | 102.2 |
| 2019 | Q1, 2019 | 102.5 | 100.4 |
| 2019 | Q2, 2019 | 101.8 | 100.4 |
| 2019 | Q3, 2019 | 101.8 | 101.3 |
| 2019 | Q4, 2019 | 102.0 | 101.8 |
| 2020 | Q1, 2020 | 102.5 | 101.7 |
| 2020 | Q2, 2020 | 102.8 | 98.0 |
| 2020 | Q3, 2020 | 103.1 | 91.3 |
| 2020 | Q4, 2020 | 104.5 | 91.2 |
| 2021 | Q1, 2021 | 104.5 | 93.0 |
| 2021 | Q2, 2021 | 104.7 | 94.0 |
Prices of food and non-alcoholic beverages rose by 1.2 percent whereas prices of clothing and footwear fell by 4.4 percent.
More information about the consumer price index (CPI) for St Eustatius.
Macroeconomics
The gross domestic product (GDP) of St Eustatius contracted from 142 million US dollars in 2017 to 128 million US dollars in 2018.noot1 This represents an annual decrease of 9.8 percent.
| Year | GDP |
|---|---|
| 2012 | 133 |
| 2013 | 137 |
| 2014 | 131 |
| 2015 | 134 |
| 2016 | 131 |
| 2017 | 142 |
| 2018 | 128 |
In volume terms, GDP decreased by 11.8 percent. The volume growth of GDP is calculated by adjusting value growth for inflation on the basis of the consumer price index.
| Year | Year-on-year change |
|---|---|
| 2013 | 0.8 |
| 2014 | -6.8 |
| 2015 | 3.2 |
| 2016 | -1.0 |
| 2017 | 6.6 |
| 2018 | -11.8 |
The contraction is linked to a few large companies on the island. Their production is mainly export-oriented and dependent on regional developments in the oil sector. They were affected by the hurricanes Irma and Maria, which moved along the Windward Islands in September 2017. These companies have a substantial effect on GDP; on national income, the effect is much more limited. The profits of these companies are not included in the national income as they are wholly foreign-owned enterprises.
GDP per capita decreased from 43.0 thousand US dollars in 2017 to 39.5 thousand US dollars in 2018.
| Year | GDP per capita |
|---|---|
| 2012 | 34.5 |
| 2013 | 34.6 |
| 2014 | 33.1 |
| 2015 | 37.8 |
| 2016 | 40.6 |
| 2017 | 43 |
| 2018 | 39.5 |
More information on the Gross Domestic Product of St Eustatius.
Definitions
Gross domestic product (market prices) (GDP):
The final result of productive activities of production units in the Netherlands. It equals the sum of value added in all sectors of industry, and includes some transactions that are not classified by sector of industry.
Volume change:
The weighted average of the changes in the volume and quality of the parts of particular goods or service transactions or the value added.
GDP per capita (as defined by Eurostat):
The indicator is calculated as the ratio of real GDP to the average population of a specific year.
International trade
Since little manufacturing or production takes place on St Eustatius, most goods need to be imported. Over a span of three years, the island’s trade deficit decreased by one-quarter. In 2020, it stood at 39 million US dollars, i.e. 11 percent smaller than in the previous year. Imports fell by 10 percent, reaching 41 million US dollars in 2020. Goods exports (1 million US dollars) were up by 13 percent year-on-year.
| Import value | Export value | Trade balance | |
|---|---|---|---|
| 2016 | 36.5 | 1.6 | -34.9 |
| 2017 | 54.8 | 2.5 | -52.3 |
| 2018 | 50.8 | 3.9 | -46.8 |
| 2019 | 45.3 | 1.3 | -44.0 |
| 2020 | 40.6 | 1.4 | -39.2 |
There is no indication that St Eustatius’ smaller trade deficit in 2020 was a direct result of the coronavirus crisis. Furthermore, there were no significant decreases in the numbers of customs declarations between the separate quarters of 2020 and 2019.
St Eustatius’ goods imports reached their highest value (12 million US dollars) in the third quarter and their lowest (8 million US dollars) in the first quarter of 2020.
| Import value | |
|---|---|
| Q1 | 7.8 |
| Q2 | 8.5 |
| Q3 | 12.3 |
| Q4 | 12.0 |
More information about international trade on St Eustatius.
Noten
Statistics Netherlands publishes GDP figures for the Caribbean Netherlands two years following the reporting period. Earlier publication has not been feasible due to data availability.