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monarch, governor, Executive Council (cabinet), chief minister Legislative branch: unicameral Legislative Council Judicial branch: Supreme Court Leaders: Chief of State: Queen ELIZABETH II (since 6 February 1952), represented by Governor David TAYLOR (since NA 1990) Head of Government: Chief Minister Reuben T. MEADE (since October 1991) Member of: CARICOM, CDB, ECLAC (associate), ICFTU, OECS, WCL Diplomatic representation in US: none (dependent territory 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 *Montserrat, Economy Overview: The economy is small and open with economic activity centered on tourism and construction. Tourism is the most important sector and accounts for roughly one-fifth of GDP. Agriculture accounts for about 4% of GDP and industry 10%. 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. National product: GDP - exchange rate conversion - $73 million (1990 est.) National product real growth rate: 13.5% (1990 est.) National product per capita: $5,800 (1990 est.) Inflation rate (consumer prices): 9% (1991) Unemployment rate: 3% (1987) Budget: revenues $12.1 million; expenditures $14.3 million, including capital expenditures of $3.2 million (1988) Exports: $1.6 million (f.o.b., 1989) commodities: electronic parts, plastic bags, apparel, hot peppers, live plants, cattle partners: NA Imports: $31.0 million (c.i.f., 1989) commodities: machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials partners: NA External debt: $2.05 million (1987) Industrial production: growth rate 8.1% (1986); accounts for 10% of GDP Electricity: 5,271 kW capacity; 12 million kWh produced, 950 kWh per capita (1992) Industries: tourism; light manufacturing - rum, textiles, electronic appliances Agriculture: accounts for 4% of GDP; small-scale farming; food crops - tomatoes, onions, peppers; not self-sufficient in food, especially livestock products Economic aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $90 million Curren
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