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| Government Type |
parliamentary democracy |
| Legal System |
English law |
| Currency |
Belizean dollar (BZD) |
| Economic 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. |
| Natural Resources |
arable land potential, timber, fish, hydropower |
| Primary Industries |
garment production, food processing, tourism, construction |
| Agricultural Products |
bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments |
| Import Commodities |
machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco |
| Export Commodities |
sugar, bananas, citrus, clothing, fish products, molasses, wood |
| Export Partners |
US 53.8%, UK 23.0%, Caricom 6.4%, Mexico 1.0% (2001) |
| AIRPORTS of Belize |
| Belize-Phillip SW Goldson Airport |
International, Belize City 16km (9miles), Position 17°18´00"N, 088°33´00"W, Elevation 5m (16ft) |
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