Business
Sint Maarten minimum wage rose to Naf 10.40 an hour on April 1, 2024
Under AB 2023 no. 69, Sint Maarten's minimum hourly wage was set at Naf 10.40 from April 1, 2024. Grant Thornton put the previous rate at Naf 9.95 and the monthly full-time figure at about Naf 1,801.
By SXM Daily ยท
Reported 2 April 2024
Sint Maarten's statutory minimum hourly wage was set at Naf 10.40 from April 1, 2024, under the ministerial regulation published in the official gazette as AB 2023 no. 69 (Regeling vaststelling minimumuurloon 2024).
The increase
According to accounting firm Grant Thornton, the new rate replaced a minimum of Naf 9.95 an hour, a rise of 4.5%. Grant Thornton said the government announced the increase in December 2023, and calculated that the new rate came to about Naf 1,801 a month for a full-time worker, or roughly US$1,000.
Note on currency
These are 2024 figures in Netherlands Antillean guilders (Naf). The Caribbean guilder (XCG) replaced the Netherlands Antillean guilder at a rate of 1:1 on July 1, 2025. The figures here describe the minimum wage as it stood in April 2024 and should not be read as the current rate.
Sources
- https://www.grantthornton.sx/contentassets/4e3f54bd79d04fb39a2ca0017b7f079f/ab-2023-no.-69-regeling-vaststelling-minimumuurloon-2024.pdf
- https://www.grantthornton.sx/insights/minimum-wage-increase/
Source: https://www.grantthornton.sx/insights/minimum-wage-increase/