Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil.
The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth averaging nearly 4% in 1999-2007, but GPD growth has averaged only 2.1% from 2007-2016, with 2.5% growth estimated for 2017. Belize’s dependence on energy imports makes it susceptible to energy price shocks.
Although Belize has the third highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor, and a key government objective remains reducing poverty and inequality with the help of international donors. High unemployment, a growing trade deficit and heavy foreign debt burden continue to be major concerns. Belize faces continued pressure from rising sovereign debt, and a growing trade imbalance.
Agriculture: 10.2%
Industry: 18.1%
Services: 71.7% (2007 est.)
2017: 9%
2016: 8%
Lowest 10: NA
Highest 10: NA
Revenues: 553.5 million (2017 est.)
Expenditures: 572 million (2017 est.)
2017: 99% of GDP
2016: 95.9% of GDP
1 November 2017: 9.58%
1 November 2016: 9.14%
31 December 2017: 9.46%
31 December 2016: 9.84%
31 December 2017: $768.8 million
31 December 2016: $735.9 million
31 December 2017: $768.8 million
31 December 2016: $735.9 million
31 December 2017: $1.323 billion
31 December 2016: $1.278 billion
31 December 2017: $312.1 million
31 December 2016: $376.7 million
31 December 2017: $1.315 billion
31 December 2016: $1.338 billion
Currency: Belizean dollars (BZD) per US dollar -
Exchange rates:
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