Montserrat Profile:
- Montserrat is a Caribbean island, specifically in the Leeward Islands and is a British Overseas Territory (BOT).
- Montserrat is an internally self-governing overseas territory of the United Kingdom.
- Montserrat is nicknamed “The Emerald Isle of the Caribbean” both for its resemblance to coastal Ireland and for the Irish ancestry of many of its inhabitants.
- Montserrat is the most studied volcano in the world and Montserrat has been regarded as a “Modern-Day Pompeii” in the Caribbean.
- Montserrat deals primarily in the selling and shipping of aggregate for construction.
Montserrat Economy:
- Montserrat has a limited, small and open economy
- Half of the island remains uninhabitable. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops.
- 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.
- Prospects for the economy depend largely on developments in relation to the volcanic activity and on public sector construction activity.
- In January 2013, the EU announced the disbursement of a $55.2 million aid package to Montserrat in order to boost the country’s economic recovery, with a specific focus on public finance management, public sector reform, and prudent economic management.
Montserrat Facts:
- Population: 5,292
- Capital: Plymouth
- Largest city: Brades
- Area: 102 sq km
- Major language: English
- Major religion: Protestant 67.1%, Roman Catholic 11.6%, Rastafarian 1.4%, other 6.5%
- Life expectancy: 75.9 years (Male), 73.2 years (Female)
- Monetary unit: 1 East Caribbean Dollar(EC$, XCD) = 100 Cents
- Main exports: Electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle
- GNI per Capita: $11,363.3
Our Market Research Services in Montserrat:
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We Employ A Wide Range of Research Techniques in Montserrat:
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