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Agriculture > products
bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments |
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Aid as % of GDP
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1.8% |
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[69th of 129]
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Debt > External
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$1,200,000,000.00 |
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[121st of 136]
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Economic freedom
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2.25 |
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[55th of 156]
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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 government's expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging nearly 4% in 1999-2007. Oil discoveries in 2006 bolstered the economic growth in 2006 and 2007. Major concerns continue to be the sizable trade deficit and unsustainable foreign debt. In February 2007, the government restructured nearly all of its public external commercial debt, which will reduce interest payments and relieve liquidity concerns. A key short-term objective remains the reduction of poverty with the help of international donors. |
Exchange rates
Belizean dollars per US dollar - 2 (2004), 2 (2003), 2 (2002), 2 (2001), 2 (2000) |
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Exports
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$429,000,000.00 |
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[144th of 189]
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Exports to US
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$26,900,000.00 |
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[119th of 224]
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GDP
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$1,217,000,000.00 |
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[143rd of 203]
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GDP (purchasing power parity)
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$2,444,000,000.00 |
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[166th of 187]
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GDP > PPP
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$1,894,000,000.00 |
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[149th of 163]
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GDP > Real growth rate
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2.2% |
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[162nd of 198]
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GDP growth > annual %
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3.1 annual %
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[120th of 187]
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GDP per capita, PPP > current international $
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7,108.91 PPP $
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[72nd of 169]
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Gross National Income
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$727,076,000.00 |
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[142nd of 172]
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Gross national income > constant LCU
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1733497000 |
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Human Development Index
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0.753 |
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[89th of 178]
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Inflation rate (consumer prices)
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2.3% |
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[144th of 192]
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Population below poverty line
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33.5% |
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[19th of 46]
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Tourist arrivals
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146,000 |
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[107th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Belize, Belizeee
Related links:
More facts and figures on Belize
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