Diplomatic representation: none (colony 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
- Economy Overview: The economy is small and open with economic activity centered on tourism and construction. Tourism is the most important sector and accounted for 20% of GDP in 1986. Agriculture accounted for about 4% of GDP and industry 9%. 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.
GDP: $45.4 million, per capita $3,780; real growth rate 12% (1988 est.)
Inflation rate (consumer prices): 3.7% (1987)
Unemployment rate: 3.0% (1987)
Budget: revenues $10.0 million; expenditures $9.4 million, including capital expenditures of $3.2 million (1987)
Exports: $3.0 million (f.o.b., 1987); commodities—plastic bags, electronic parts, apparel, hot peppers, live plants, cattle; partners—NA
Imports: $25.3 million (c.i.f., 1987); commodities—machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials; partners—NA
External debt: $3.7 million (1985)