World Factbook
Montserrat
Last updated: 2026-03-28 (today)
Budget
note
note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
revenues
$55.651 million (2014 est.)
expenditures
$43.652 million (2014 est.)
Imports
Imports 2016
$36.1 million (2016 est.)
Imports 2017
$39.44 million (2017 est.)
Imports 2021
$15.3 million (2021 est.)
Industries
tourism, rum, textiles, electronic appliances
Exchange rates
Currency
East Caribbean dollars (XCD) per US dollar -
Exchange rates 2020
2.7 (2020 est.)
Exchange rates 2021
2.7 (2021 est.)
Exchange rates 2022
2.7 (2022 est.)
Exchange rates 2023
2.7 (2023 est.)
Exchange rates 2024
2.7 (2024 est.)
Economic overview
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
Exports - partners
USA 25%, Antigua & Barbuda 13%, Guyana 13%, Egypt 12%, France 10% (2023)
note: top five export partners based on percentage share of exports
Imports - partners
USA 62%, Antigua & Barbuda 6%, UK 5%, Belgium 4%, Trinidad & Tobago 3% (2023)
note: top five import partners based on percentage share of imports
Real GDP per capita
note
note: data in 2015 dollars
Real GDP per capita 2022
$16,200 (2022 est.)
Real GDP per capita 2023
$18,200 (2023 est.)
Real GDP per capita 2024
$19,300 (2024 est.)
Agricultural products
cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products
Exports - commodities
gravel and crushed stone, sand (2023)
note: top export commodities based on value in dollars over $500,000
Imports - commodities
refined petroleum, electric generating sets, cars, stone processing machines, x-ray equipment (2023)
note: top five import commodities based on value in dollars
GDP (official exchange rate)
$84.537 million (2024 est.)
note: data in current dollars at official exchange rate
GDP - composition, by end use
household consumption
90.8% (2017 est.)
government consumption
50.4% (2017 est.)
investment in inventories
-0.1% (2017 est.)
investment in fixed capital
17.9% (2017 est.)
exports of goods and services
29.5% (2017 est.)
imports of goods and services
-88.6% (2017 est.)
Inflation rate (consumer prices)
note
note: annual % change based on consumer prices
Inflation rate (consumer prices) 2020
-1.9% (2020 est.)
Inflation rate (consumer prices) 2021
1.7% (2021 est.)
Inflation rate (consumer prices) 2022
4% (2022 est.)
Real GDP (purchasing power parity)
note
note: data in 2015 dollars
Real GDP (purchasing power parity) 2022
$80.972 million (2022 est.)
Real GDP (purchasing power parity) 2023
$86.875 million (2023 est.)
Real GDP (purchasing power parity) 2024
$89.254 million (2024 est.)