Belize
Economy
Introduction
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues
| Economy | Belize |
|
Economy - overview:
|
In this small, essentially private enterprise economy the tourism industry is the number one foreign exchange earner followed by cane sugar, citrus, marine products, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth of 6.5% in 1999, 10.8% in 2000, 4.6% in 2001, and 3.7% in 2002. Major concerns continue to be the sizable trade deficit and foreign debt. A key short-term objective remains the reduction of poverty with the help of international donors. |
|
GDP:
|
purchasing power parity - $1.28 billion (2002 est.) |
|
GDP - real growth rate:
|
3.7% (2002 est.) |
|
GDP - per capita:
|
purchasing power parity - $4,900 (2002 est.) |
|
GDP - composition by sector:
|
agriculture: 18%
industry: 24% services: 58% (2001 est.) |
|
Population below poverty line:
|
33% (1999 est.) |
|
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
|
Inflation rate (consumer prices):
|
1.9% (2002 est.) |
|
Labor force:
|
90,000
note: shortage of skilled labor and all types of technical personnel |
|
Labor force - by occupation:
|
agriculture 27%, industry 18%, services 55% (2001 est.) |
|
Unemployment rate:
|
9.1% (2002) |
|
Budget:
|
revenues: $224 million
expenditures: $209 million, including capital expenditures of $70 million (2002 est.) |
|
Industries:
|
garment production, food processing, tourism, construction |
|
Industrial production growth rate:
|
4.6% (1999) |
|
Electricity - production:
|
199.5 million kWh (2001) |
|
Electricity - production by source:
|
fossil fuel: 59.9%
hydro: 40.1% other: 0% (2001) nuclear: 0% |
|
Electricity - consumption:
|
185.5 million kWh (2001) |
|
Electricity - exports:
|
0 kWh (2001) |
|
Electricity - imports:
|
0 kWh (2001) |
|
Oil - production:
|
0 bbl/day (2001 est.) |
|
Oil - consumption:
|
5,000 bbl/day (2001 est.) |
|
Oil - exports:
|
NA (2001) |
|
Oil - imports:
|
NA (2001) |
|
Agriculture - products:
|
bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments |
|
Exports:
|
$290 million f.o.b. (2002 est.) |
|
Exports - commodities:
|
sugar, bananas, citrus, clothing, fish products, molasses, wood |
|
Exports - partners:
|
US 40.5%, UK 23.2%, Peru 8.3% (2002) |
|
Imports:
|
$430 million c.i.f. (2002 est.) |
|
Imports - commodities:
|
machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco |
|
Imports - partners:
|
US 35.7%, Mexico 10.1%, Netherlands Antilles 6.1%, Japan 5.9%, Cuba 5.7%, UK 5.4% (2002) |
|
Debt - external:
|
$475 million (2001 est.) |
|
Economic aid - recipient:
|
$NA |
|
Currency:
|
Belizean dollar (BZD) |
|
Currency code:
|
BZD |
|
Exchange rates:
|
Belizean dollars per US dollar - 2 (2002), 2 (2001), 2 (2000), 2 (1999), 2 (1998) |
|
Fiscal year:
|
1 April - 31 March |
Historic Times in Belize/Guatemala Relations: Limiting incursions into ... - The Guardian, Belize Historic Times in Belize/Guatemala Relations: Limiting incursions into ...The Guardian, BelizeOn November 22, 2004, the Minister of Foreign Trade of Belize and the Minister of Economy of Guatemala launched negotiations for a Partial Scope Trade ...and more » Waste of Time - The Guardian, Belize Waste of TimeThe Guardian, BelizeIn an effort to put this poverty issue into proper perspective, using quotes and all, I tried to locate a copy of the PUP's 1998 Manifesto, ?Set Belize ... PM Douglas meets with CARICOM Heads in Dominica - SKNVibes.com Dominica News OnlinePM Douglas meets with CARICOM Heads in DominicaSKNVibes.comFive leaders are expected to be absent for these discussions, namely the Prime Ministers of Belize, Trinidad and Tobago and St. Vincent and the Grenadines, ...SUMMIT TIME: CARICOM leaders knock heads in DominicaDominica News Onlineall 45 news articles » |
| Home | | Country List | | Privacy Policy |