Economic outlines and opportunities for innovation
Economic activity declined dramatically following the ongoing eruption of Soufriere Hills Volcano, which started in 1995. Currently the activity is dominated by private and government construction and government services. The anticipated resurgence of the tourism industry is yet to take place whilst mining of volcanic material is beginning to make an impact. Key opportunities for innovation Tourism, ICT, Geothermal energy, agro-processing, light manufacturing, exploitation of volcano ashes.
Member state: United Kingdom
Surface (km2): 102
EEZ (km2): 7 582
Population (2012): 4 936
GDP per capita (€ – year): 9 867
Main economic sectors: Government service, Real Estate-renting-Business Activities, Construction
Government website: www.gov.ms
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