Montserrat
Montserrat: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online
Back to Countries, Click to read the whole article: Montserrat
Introduction - Montserrat: | Location - Montserrat: | People - Montserrat: | Government - Montserrat: | Economy - Montserrat: | 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 | $29 million (2002 est.) | | Gdp official exchange rate | NA | | Gdp real growth rate | -1% (2002 est.) | | Gdp per capita ppp | $3,400 (2002 est.) | | Gdp composition by sector | agriculture: 1.2%
industry: 23.1%
services: 75.7% (1999 est.) | | Labor force | 4,521
note: lowered by flight of people from volcanic activity (2000 est.) | | Unemployment rate | 6% (1998 est.) | | Population below poverty line | NA% | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 2.6% (2002 est.) | | Budget | revenues: $31.4 million
expenditures: $31.6 million; including capital expenditures of $8.4 million (1997 est.) | | Agriculture products | cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products | | Industries | tourism, rum, textiles, electronic appliances | | Industrial production growth rate | NA% | | Electricity production | 2 million kWh (2003) | | Electricity consumption | 1.86 million kWh (2003) | | Electricity exports | 0 kWh (2003) | | Electricity imports | 0 kWh (2003) | | Oil production | 0 bbl/day (2003 est.) | | Oil consumption | 380 bbl/day (2003 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Exports | $700,000 (2001) | | Exports commodities | electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle | | Exports partners | US, Antigua and Barbuda (2006) | | Imports | $17 million (2001) | | Imports commodities | machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials | | Imports partners | US, UK, Trinidad and Tobago, Japan, Canada (2006) | | Debt external | $8.9 million (1997) | | Economic aid recipient | Country Policy Plan (2001) is a three-year program for spending $122.8 million in British budgetary assistance (2002 est.) | | Currency code | East Caribbean dollar (XCD) | | Exchange rates | East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
note: fixed rate since 1976 | |
Communications - Montserrat: | Transportation - Montserrat: | Military - Montserrat: |
This page was last updated on 16 September, 2007 Source: CIA >>> |