Montserrat is a British Overseas Territory located in the Caribbean. The name Montserrat is derived from the Spanish word "montes"), meaning "mountain." The territory was originally acquired by Britain in 1639 as part of the Treaty of London, and was later named after James II's daughter, Princess Montserrat. The island is home to approximately 11,000 people and has a GDP of $2 million. Montserrat has a long history as an Overseas Territory. It was originally acquired by Britain in 1639 as part of the Treaty of London, and was later named after James II's daughter, Princess Montserrat. The island is home to approximately 11,000 people and has a GDP of $2 million. Today, Montserrat's economy relies heavily on tourism - which forms the backbone of the territory's income - with visitors coming primarily for its beautiful scenery and relaxed lifestyle. Additionally, the government participates in a number of services including banking, telecommunications, and health care provision. There are also significant opportunities for business development and investment within the territory.