M 7, NPP 2

Judicial branch:
Eastern Caribbean Supreme Court (based in Saint Lucia, one judge of
the Supreme Court is a resident of the islands and presides over the
High Court)

Political parties and leaders:
National Progressive Party or NPP [Reuben T. MEADE]; New People's
Liberation Movement or NPLM [John A. OSBORNE]

Political pressure groups and leaders:
NA

International organization participation:
Caricom, CDB, ICFTU, Interpol (subbureau), OECS, UPU

Diplomatic representation in the US:
none (overseas territory of the UK)

Diplomatic representation from the US:
none (overseas territory of the UK)

Flag description:
blue, with the flag of the UK in the upper hoist-side quadrant and
the Montserratian coat of arms centered in the outer half of the
flag; the coat of arms features a woman standing beside a yellow
harp with her arm around a black cross

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 volcano 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 - real growth rate:
-1% (2002 est.)

GDP - per capita:
purchasing power parity - $3,400 (2002 est.)

GDP - composition by sector:
agriculture: 5.4%
industry: 13.6%
services: 81% (1996 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.)

Labor force:
4,521 ; note - lowered by flight of people from volcanic activity
(2000 est.)

Labor force - by occupation:
agriculture NA, industry NA, services NA

Unemployment rate:
6% (1998 est.)

Budget:
revenues: $31.4 million
expenditures: $31