Belize

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Location - Belize:
People - Belize:
Government - Belize:
Economy - Belize:
Economy overview	In this small, essentially private-enterprise economy tourism is the number one foreign exchange earner followed by exports of marine products, citrus, cane sugar, bananas, and garments. The governments expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging nearly 4% in 1999-2006. Major concerns continue to be the sizable trade deficit and unsustainable foreign debt. The government in 2006 announced it would seek a restructuring of its sovereign debt and has been negotiating with international creditors to find an acceptable formula for doing so. A key short-term objective remains the reduction of poverty with the help of international donors.

Gdp purchasing power parity	$2.307 billion (2006 est.)

Gdp official exchange rate	$1.141 billion (2006 est.)

Gdp real growth rate	3.5% (2006 est.)

Gdp per capita ppp	$8,400 (2006 est.)

Gdp composition by sector	agriculture: 22.5% industry: 14.8% services: 62.6% (2006 est.)

Labor force	113,000 note: shortage of skilled labor and all types of technical personnel (2006 est.)

Labor force by occupation	agriculture: 22.5% industry: 15.2% services: 62.3% (2005 est.)

Unemployment rate	9.4% (2006)

Population below poverty line	33.5% (2002 est.)

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	4.5% (2006 est.)

Investment gross fixed	18.2% of GDP (2006 est.)

Budget	revenues: $302.5 million expenditures: $357.5 million; including capital expenditures of $70 million (2006 est.)

Agriculture products	bananas, cacao, citrus, sugar; fish, cultured shrimp; lumber; garments

Industries	garment production, food processing, tourism, construction, oil

Industrial production growth rate	4.6% (1999)

Electricity production	175 million kWh (2004)

Electricity consumption	162.8 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	2,413 bbl/day (2006)

Oil consumption	3,000 bbl/day (2006 est.)

Oil exports	1,960 bbl/day (2006)

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$173.4 million (2006 est.)

Exports	$359.5 million f.o.b. (2006 est.)

Exports commodities	sugar, bananas, citrus, clothing, fish products, molasses, wood

Exports partners	US 32.6%, UK 32.3%, Cote dIvoire 3.6% (2006)

Imports	$543 million f.o.b. (2006 est.)

Imports commodities	machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco

Imports partners	US 34.8%, Mexico 14.6%, Cuba 7.5%, Guatemala 7%, China 4.2% (2006)

Reserves of foreign exchange and gold	$78.96 million (2006 est.)

Debt external	$1.2 billion (June 2005 est.)

Economic aid recipient	$NA

Currency code	Belizean dollar (BZD)

Exchange rates	Belizean dollars per US dollar - 2 (2006), 2 (2005), 2 (2004), 2 (2003), 2 (2002)

Communications - Belize:
Transportation - Belize:
Military - Belize:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: South and central America : Developed : Monarchy : Small to 100 000 km2 : Population to 10 000 000 people

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Belize

Belize: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Belize

Economy overview

Gdp purchasing power parity

$2.307 billion (2006 est.)

Gdp official exchange rate

$1.141 billion (2006 est.)

Gdp real growth rate

3.5% (2006 est.)

Gdp per capita ppp

$8,400 (2006 est.)

Gdp composition by sector

agriculture: 22.5% industry: 14.8% services: 62.6% (2006 est.)

Labor force

113,000 note: shortage of skilled labor and all types of technical personnel (2006 est.)

Labor force by occupation

agriculture: 22.5% industry: 15.2% services: 62.3% (2005 est.)

Unemployment rate

9.4% (2006)

Population below poverty line

33.5% (2002 est.)

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

4.5% (2006 est.)

Investment gross fixed

18.2% of GDP (2006 est.)

Budget

revenues: $302.5 million expenditures: $357.5 million; including capital expenditures of $70 million (2006 est.)

Agriculture products

bananas, cacao, citrus, sugar; fish, cultured shrimp; lumber; garments

Industries

garment production, food processing, tourism, construction, oil

Industrial production growth rate

4.6% (1999)

Electricity production

175 million kWh (2004)

Electricity consumption

162.8 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

2,413 bbl/day (2006)

Oil consumption

3,000 bbl/day (2006 est.)

Oil exports

1,960 bbl/day (2006)

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$173.4 million (2006 est.)

Exports

$359.5 million f.o.b. (2006 est.)

Exports commodities

sugar, bananas, citrus, clothing, fish products, molasses, wood

Exports partners

US 32.6%, UK 32.3%, Cote dIvoire 3.6% (2006)

Imports

$543 million f.o.b. (2006 est.)

Imports commodities

machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco

Imports partners

US 34.8%, Mexico 14.6%, Cuba 7.5%, Guatemala 7%, China 4.2% (2006)

Reserves of foreign exchange and gold

$78.96 million (2006 est.)

Debt external

$1.2 billion (June 2005 est.)

Economic aid recipient

$NA

Currency code

Belizean dollar (BZD)

agriculture: 22.5%
industry: 14.8%
services: 62.6% (2006 est.)

113,000
note: shortage of skilled labor and all types of technical personnel (2006 est.)

agriculture: 22.5%
industry: 15.2%
services: 62.3% (2005 est.)

lowest 10%: NA%
highest 10%: NA%

revenues: $302.5 million
expenditures: $357.5 million; including capital expenditures of $70 million (2006 est.)