Montserrat is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Montserrat may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Montserrat exports about US$0 billion and imports about US$0.03 billion each year. 13.7% of the country's population is unemployed. The total number of unemployed in Montserrat is 713. The country's Gini index is 30. Montserrat experiences good equality. The majority of citizens in Montserrat fall within a narrow income bracket, although some cases can show significant disparities.
The currency of Montserrat is the East Caribbean Dollar. The plural form of the word East Caribbean dollar is dollars. The symbol used for this currency is $ and is abbreviated as XCD. The East Caribbean Dollar is divided into cents; there are 100 in an East Caribbean dollar.
According to credit rating agency S&P, Montserrat has a credit rating of BBB- and the outlook for this rating is stable.
In Montserrat, the institution that manages the state's currency, money supply, and interest rates is called the Eastern Caribbean Central Bank.
Montserrat's national debt has not yet been calculated.
Corporate tax in Montserrat is 20%. Personal income tax ranges from 0% to 30% depending on your specific situation and income level. VAT in Montserrat is 15%.
Total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Montserrat is US$0.044 billion. The gross domestic product (GDP) valued as purchasing power parity (PPP) per capita in Montserrat was last recorded at US$0 million. PPP in Montserrat is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Montserrat is 1 billion. Based on this statistic, Montserrat is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Montserrat was last measured at 0 million US dollars. The average citizen in Montserrat has very little wealth.