Profile
Montserrat is a British Overseas Territory located in the Leeward islands, measuring 16 km long and 11 km wide. Since the devastation of Hurricane Hugo and the eruption of the Soufriere Hills Volcano, the Montserratian economy has been effectively halted and imports include virtually everything available for sale on the island. Half of the island remains uninhabitable, and economic activities particularly in agriculture and tourism, continue to be determined by the volcanic activity as the agriculture sector has been affected by the destruction of crops and limited land for farming.
Investment opportunities
Main Activities
CARDI’s work on the island includes providing technology for the development of their roots and tubers industry and also to enhance the development of the small ruminants sector.
In January, the EU announced the disbursement of a $55.2 million aid package in order to boost the country’s economic recovery.
Main activities
In Montserrat, agriculture contributes 1.6% to the GDP with exports valuing US3.6 million in 2015, in hot peppers, limes and cattle. For imports, Montserrat spent US$30 million in 2015, with food stuffs and manufactured goods being key commodities.
Outside of their current exports, the island’s main products are cabbages, carrots, cucumbers, tomatoes, onions, peppers and livestock.
