Agriculture > products
bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments |
|
Aid as % of GDP
|
1.8% |
|
[69th of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$1,200,000,000.00 |
|
[121st of 136]
|
|
Source: 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 |
|
Economic freedom
|
2.25 |
|
[55th of 156]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
|
Source: The Heritage Foundation |
Exchange rates
Belizean dollars per US dollar - 2 (2004), 2 (2003), 2 (2002), 2 (2001), 2 (2000) |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$429,000,000.00 |
|
[144th of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports to US
|
$26,900,000.00 |
|
[119th of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$1,217,000,000.00 |
|
[143rd of 203]
|
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$2,444,000,000.00 |
|
[166th of 187]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > PPP
|
$1,894,000,000.00 |
|
[149th of 163]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Real growth rate
|
2.2% |
|
[162nd of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GDP growth > annual %
|
3.1 annual %
|
|
[120th of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP per capita, PPP > current international $
|
7,108.91 PPP $
|
|
[72nd of 169]
|
|
Source: World Development Indicators database |
|
Gross National Income
|
$727,076,000.00 |
|
[142nd of 172]
|
|
Source: World Development Indicators database |
|
Gross national income > constant LCU
|
1733497000 |
|
|
|
Human Development Index
|
0.753 |
|
[89th of 178]
|
|
Source: World Development Indicators database |
|
Inflation rate (consumer prices)
|
2.3% |
|
[144th of 192]
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Population below poverty line
|
33.5% |
|
[19th of 46]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals
|
146,000 |
|
[107th of 152]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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