| People | Montserrat |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
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.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
2.6% (2002 est.) |
Labor force:
|
4,521
note: lowered by flight of people from volcanic activity (2000 est.) |
Labor force participation rate:
|
46.91 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
6% (1998 est.) |
Budget:
|
revenues: $31.4 million
expenditures: $31.6 million (1997 est.) |
Budget revenues per capita:
|
3,258 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, rum, textiles, electronic appliances |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
20 million kWh (2005) |
Electricity - production per capita:
|
2,076 kWh per capita |
Electricity - consumption:
|
18.6 million kWh (2005) |
Electricity - consumption - per capita:
|
1,930 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
480 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
18.18 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
458 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$700,000 (2001) |
Exports per capita:
|
73 USD per capita |
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 per capita:
|
1,764 USD per capita |
Imports - commodities:
|
machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials |
Imports - partners:
|
US, UK, Trinidad and Tobago, Japan, Canada (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$8.9 million (1997) |
Debt - external - per capita:
|
924 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
Country Policy Plan (2001) is a three-year program for spending $122.8 million in British budgetary assistance (2002 est.) |
Economic aid - recipient per capita:
|
12,742 USD per capita |
Currency (code):
|
East Caribbean dollar (XCD) |
Exchange rates:
|
East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)
note: fixed rate since 1976 |
Fiscal year:
|
1 April - 31 March |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
