monarch, governor, Executive Council (cabinet), chief minister
Legislative branch:
unicameral Legislative Council
Judicial branch:
Supreme Court
Leaders:
Chief of State:
Queen ELIZABETH II (since 6 February 1952), represented by Governor David
TAYLOR (since NA 1990)
Head of Government:
Chief Minister Reuben T. MEADE (since October 1991)
Member of:
CARICOM, CDB, ECLAC (associate), ICFTU, OECS, WCL
Diplomatic representation in US:
none (dependent territory of the UK)
Flag:
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
Overview:
The economy is small and open with economic activity centered on tourism and
construction. Tourism is the most important sector and accounts for roughly
one-fifth of GDP. Agriculture accounts for about 4% of GDP and industry 10%.
The economy is heavily dependent on imports, making it vulnerable to
fluctuations in world prices. Exports consist mainly of electronic parts
sold to the US.
National product:
GDP - exchange rate conversion - $73 million (1990 est.)
National product real growth rate:
13.5% (1990 est.)
National product per capita:
$5,800 (1990 est.)
Inflation rate (consumer prices):
9% (1991)
Unemployment rate:
3% (1987)
Budget:
revenues $12.1 million; expenditures $14.3 million, including capital
expenditures of $3.2 million (1988)
Exports:
$1.6 million (f.o.b., 1989)
commodities:
electronic parts, plastic bags, apparel, hot peppers, live plants, cattle
partners:
NA
Imports:
$31.0 million (c.i.f., 1989)
commodities:
machinery and transportation equipment, foodstuffs, manufactured goods,
fuels, lubricants, and related materials
partners:
NA
External debt:
$2.05 million (1987)
Industrial production:
growth rate 8.1% (1986); accounts for 10% of GDP
Electricity:
5,271 kW capacity; 12 million kWh produced, 950 kWh per capita (1992)
Industries:
tourism; light manufacturing - rum, textiles, electronic appliances
Agriculture:
accounts for 4% of GDP; small-scale farming; food crops - tomatoes, onions,
peppers; not self-sufficient in food, especially livestock products
Economic aid:
Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $90
million
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