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Montserrat Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Montserrat Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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 airport 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. Half of the island remains uninhabitable.

GDP (purchasing power parity):
$29 million (2002 est.)
country comparison to the world: 223
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-1% (2002 est.)
country comparison to the world: 204
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$3,400 (2002 est.)
country comparison to the world: 161
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23%
[see also: GDP - composition by sector - industry country ranks ]
services: 75.3% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
NA
[see also: Labor force country ranks ]

Unemployment rate:
6% (1998 est.)
country comparison to the world: 58
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
45.7% of GDP (2011 est.)
country comparison to the world: 4
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $31.4 million
[see also: Budget revenues country ranks ]
expenditures: $37.04 million (2011 est.)
[see also: Budget expenditures country ranks ]

Inflation rate (consumer prices):
2% (2011 est.)
country comparison to the world: 22

0.6% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
10.99% (31 December 2010 est.)
country comparison to the world: 55

6.5% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
8.6% (31 December 2011 est.)
country comparison to the world: 117

8.728% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$15.86 million (31 December 2011 est.)
country comparison to the world: 192

$16.97 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$64 million (31 December 2011 est.)
country comparison to the world: 191

$70.26 million (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$12.59 million (31 December 2010 est.)
country comparison to the world: 190

$9.93 million (31 December 2008 est.)
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products

Industries:
tourism, rum, textiles, electronic appliances

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
22 million kWh (2008 est.)
country comparison to the world: 208
[see also: Electricity - production country ranks ]

Electricity - consumption:
20.46 million kWh (2008 est.)
country comparison to the world: 209
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 196
[see also: Oil - production country ranks ]

Oil - consumption:
1,000 bbl/day (2010 est.)
country comparison to the world: 201
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 188
[see also: Oil - exports country ranks ]

Oil - imports:
564.4 bbl/day (2009 est.)
country comparison to the world: 200
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 95
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 202
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 140
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 91
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 163
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$16.7 million (2011 est.)
country comparison to the world: 62

-$18.1 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$3.3 million (2011 est.)
country comparison to the world: 217

$3.4 million (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle

Imports:
$29 million (2011 est.)
country comparison to the world: 218

$31.5 million (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials

Debt - external:
$8.9 million (1997)
country comparison to the world: 196
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar -

2.7 (2011 est.)
2.7 (2010 est.)
2.7 (2009)


NOTE: 1) The information regarding Montserrat on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Montserrat Economy 2012 information contained here. All suggestions for corrections of any errors about Montserrat Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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