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Central America and the Caribbean > Montserrat > Economy

MONTSERRATIAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
cabbages, carrots, cucumbers, tomatoes, onions, peppers, livestock products
Budget > Expenditures $31,600,000.00 Time series [13th of 165]
Budget > Revenues $31,400,000.00 Time series [13th of 166]
Debt > External $8,900,000.00 Time series [6th of 136]
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.
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000)
Exports $700,000.00 Time series [32nd of 189]
Exports > Commodities
electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle
Exports to US $100,000.00 [208th of 224]
GDP $29,000,000.00 Time series [203rd of 203]
GDP (purchasing power parity) $29,000,000.00 Time series [19th of 187]
GDP > Composition by sector > Agriculture 1.2% Time series [12th of 146]
GDP > Composition by sector > Industry 23.1% Time series [7th of 146]
GDP > Composition by sector > Services 75.7% Time series [2nd of 146]
GDP > Real growth rate -1% Time series [177th of 198]
Imports $17,000,000.00 Time series [38th of 185]
Inflation rate (consumer prices) 2.6% Time series [106th of 192]
Tourist arrivals by region of origin > Europe 3,196 Time series [168th of 195]
Trade balance with US $1,100,000.00 [83rd of 224]
Trade with US > US exports of textile, sewing machines 17 [141st of 183]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau

ALTERNATIVE NAMES: Montserrat

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