Montserrat - Economy
How is the economy of Montserrat? Based on the information we have, Montserrat has a formerly high-income economy; volcanic activity destroyed much of original infrastructure and economy; new capital and port is being developed; key geothermal and solar power generation; key music recording operations. Key agricultural products in this country include: cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products.
More about the economy of Montserrat
Labor force
Industrial production growth rate -21% (2017 est.)
Industries tourism, rum, textiles, electronic appliances
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency East Caribbean dollars (XCD) per US dollar -
Exchange rates 2023 2.7 (2023 est.)
Exchange rates 2022 2.7 (2022 est.)
Exchange rates 2021 2.7 (2021 est.)
Exchange rates 2020 2.7 (2020 est.)
Exchange rates 2019 2.7 (2019 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 31 December 2017 $47.58 million (31 December 2017 est.)
Reserves of foreign exchange and gold 31 December 2015 $51.47 million (31 December 2015 est.)
Current account balance
Current account balance 2017 -$15.4 million (2017 est.)
Current account balance 2016 -$12.2 million (2016 est.)
Budget
Revenues $55.651 million (2014 est.)
Expenditures $43.652 million (2014 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2021 $15.3 million (2021 est.)
Imports 2017 $39.44 million (2017 est.)
Imports 2016 $36.1 million (2016 est.)
Imports (partners) US 54%, UK 8%, Singapore 4%, Antigua and Barbuda 4%, Trinidad and Tobago 4% (2022)
Comodities Imports force refined petroleum, machine parts, plastic products, machinery, natural gas (2022)
Exports
Imports 2021 $15.3 million (2021 est.)
Imports 2017 $39.44 million (2017 est.)
Imports 2016 $36.1 million (2016 est.)
Exports (partners) US 23%, France 21%, Antigua and Barbuda 19%, Ireland 15%, UK 7% (2022)
Comodities Exports force sand, gravel and crushed stone, packaged medicine, lead products, liquid pumps (2022)
GDP (official exchange rate)
GDP - composition, by sector of origin
Agriculture 1.9% (2017 est.)
Industry 7.8% (2017 est.)
Services 90.3% (2017 est.)
GDP - composition, by end use
Household consumption 90.8% (2017 est.)
Government consumption 50.4% (2017 est.)
Investment in fixed capital 17.9% (2017 est.)
Investment in inventories -0.1% (2017 est.)
Exports of goods and services 29.5% (2017 est.)
Imports of goods and services -88.6% (2017 est.)
Unemployment rate
Unemployment rate 2017 5.6% (2017 est.)
All Important Facts about Montserrat

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Montserrat is found in Caribbean