Montserrat:
Economy

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Economy - overview	Definition 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)	Definition - World rank and map $29 million (2002 est.)
GDP (official exchange rate)	Definition $NA
GDP - real growth rate	Definition - World rank and map -1% (2002 est.)
GDP - per capita	Definition - World rank and map $3,400 (2002 est.)
GDP - composition by sector	Definition agriculture: 1.2% industry: 23.1% services: 75.7% (1999 est.)
Labor force	Definition 4,521 note: lowered by flight of people from volcanic activity (2000 est.)
Unemployment rate	Definition - World rank and map 6% (1998 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 2.6% (2002 est.)
Budget	Definition revenues: $31.4 million expenditures: $31.6 million (1997 est.)
Agriculture - products	Definition cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products
Industries	Definition tourism, rum, textiles, electronic appliances
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 20 million kWh (2005)
Electricity - consumption	Definition - World rank and map 18.6 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 1,929.9 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 480 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 49.8 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 458 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $700,000 (2001)
Exports - commodities	Definition electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle
Exports - partners	Definition US, Antigua and Barbuda (2006)
Imports	Definition - World rank and map $17 million (2001)
Imports - commodities	Definition machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials
Imports - partners	Definition US, UK, Trinidad and Tobago, Japan, Canada (2006)
Debt - external	Definition - World rank and map $8.9 million (1997)
Economic aid - recipient	Definition Country Policy Plan (2001) is a three-year program for spending $122.8 million in British budgetary assistance (2002 est.)
Currency (code)	Definition East Caribbean dollar (XCD)
Exchange rates	Definition 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	Definition 1 April - 31 March

Montserrat: Economy

Montserrat:
Economy