Economy - overview:
Severe volcanic activity, which began in July 1995, has put a damper on this small, open economy. A catastrophic eruption in June 1997 closed the airports and seaports, causing further economic and social dislocation. Two-thirds of the 12,000 inhabitants fled the island. Some began to return in 1998 but lack of housing limited the number. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops. Prospects for the economy depend largely on developments in relation to the volcanic activity and on public sector construction activity. The UK has launched a three-year $122.8 million aid program to help reconstruct the economy. Half of the island is expected to remain uninhabitable for another decade.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: The information regarding Montserrat on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Montserrat Economy 2011 information contained here. All suggestions for corrections of any errors about Montserrat Economy 2011 should be addressed to the CIA.
$29 million (2002 est.)
country comparison to the world: 225
[see also: GDP (purchasing power parity) country ranks ]
$NA
[see also: GDP (official exchange rate) country ranks ]
-1% (2002 est.)
country comparison to the world: 201
[see also: GDP - real growth rate country ranks ]
$3,400 (2002 est.)
country comparison to the world: 165
[see also: GDP - per capita country ranks ]
agriculture: 1.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
23.1%
[see also: GDP - composition by sector - industry country ranks ]
services:
75.7% (1999 est.)
[see also: GDP - composition by sector - services country ranks ]
NA
[see also: Labor force country ranks ]
6% (1998 est.)
country comparison to the world: 58
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $31.4 million
[see also: Budget - revenues country ranks ]
expenditures:
$31.6 million (1997 est.)
[see also: Budget - expenditures country ranks ]
2.6% (2002 est.)
country comparison to the world: 83
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2009)
country comparison to the world: 67
[see also: Central bank discount rate country ranks ]
9.04% (31 December 2009 est.)
country comparison to the world: 94
[see also: Commercial bank prime lending rate country ranks ]
$14.13 million (31 December 2009)
[see also: Stock of narrow money country ranks ]
$69.63 million (31 December 2009)
[see also: Stock of broad money country ranks ]
$9.93 million (31 December 2008 est.)
country comparison to the world: 184
[see also: Stock of domestic credit country ranks ]
cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products
tourism, rum, textiles, electronic appliances
NA%
[see also: Industrial production growth rate country ranks ]
22 million kWh (2007 est.)
country comparison to the world: 206
[see also: Electricity - production country ranks ]
20.46 million kWh (2007 est.)
country comparison to the world: 206
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 146
[see also: Oil - production country ranks ]
1,000 bbl/day (2009 est.)
country comparison to the world: 199
[see also: Oil - consumption country ranks ]
0 bbl/day (2007 est.)
country comparison to the world: 192
[see also: Oil - exports country ranks ]
521 bbl/day (2007 est.)
country comparison to the world: 197
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 156
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 142
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 135
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 92
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 153
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 116
[see also: Natural gas - proved reserves country ranks ]
$700,000 (2001 est.)
country comparison to the world: 220
[see also: Exports country ranks ]
electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle
$17 million (2001); $17 million
country comparison to the world: 220
[see also: Imports country ranks ]
machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials
$8.9 million (1997)
country comparison to the world: 192
[see also: Debt - external country ranks ]
East Caribbean dollars (XCD) per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)
note:
fixed rate since 1976
This page was last modified 09-Feb-11