Diplomatic representation in the US: none (dependent territory of the
UK)
Diplomatic representation from the US: none (dependent 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
@Montserrat:Economy
Economy-overview: The economy of this volcanic island is small and
open, with economic activity centered on tourism and related services.
Tourism accounts for roughly one-quarter of Montserrat's national
income. The island's main export is electronic components, which are
mainly shipped to the US. The agriculture sector is small; cabbages,
carrots, cucumbers, and onions are grown for the domestic market;
additionally, some hot peppers and live plants are exported to the US
and Europe. Volcanic activity in mid-1997 led to a substantial
evacuation of the southern half of the island, including the capital,
Plymouth. Volcanic activity since July 1995 has resulted in the
departure of an estimated 8,000 people, mainly to Antigua and
Guadeloupe.
GDP: purchasing power parity-$43 million (1996 est.)
GDP-real growth rate: -20.2% (1996 est.)
GDP-per capita: purchasing power parity-$5,000 (1996 est.)
GDP-composition by sector:
agriculture: 4.8%
industry: 18.4%
services: 76.8% (1990 est.)
Inflation rate-consumer price index: 6.2% (1996 est.)
Labor force:
total: 4,521 (1992); note-later substantially lowered by flight of
people from volcanic activity
by occupation: community, social, and personal services 40.5%,
construction 13.5%, trade, restaurants, and hotels 12.3%,
manufacturing 10.5%, agriculture, forestry, and fishing 8.8%, other
14.4% (1983 est.)
Unemployment rate: 6% (1995)
Budget:
revenues: $NA
expenditures: $NA
Industries: tourism, rum, textiles, electronic appliances
Industrial production growth rate: NA%
Electricity-capacity: 4,000 kW (1995)
Electricity-production: 15 million kWh (1995)
Electricity-consumption per capita: 1,178 kWh (1995)
Agriculture-products: cabbages, carrots, cucumbers, tomatoes, onions,
peppers; livestock products
Exports:
total value: $12.1 million (f.o.b., 1995 est.)
commodities: electronic components, plastic bags, apparel, hot
peppers, live plants, cattle
partners: US, Ireland
Imports:
total value: $29.9 million (f.o.b., 1994
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