Names: conventional long form: none conventional short form: Belize former: British Honduras
Capital City: Belmopan
Population: 287,730 (July 2006 est.)
GDP Per Capita: $8,400 (2006 est.)
Currency: Belizean dollar (BZD)
Languages: English (official), Spanish, Mayan, Garifuna (Carib), Creole
Total Area: total: 22,966 sq km land: 22,806 sq km water: 160 sq km slightly smaller than Massachusetts
Region: South America
Industries: garment production, food processing, tourism, construction
Agriculture: bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments
Resources: arable land potential, timber, fish, hydropower
Labor Force:
90,000 note: shortage of skilled labor and all types of technical personnel (2001 est.)
agriculture: 27% industry: 18% services: 55% (2001 est.)
Exports:
$359.5 million f.o.b. (2006 est.)
sugar, bananas, citrus, clothing, fish products, molasses, wood
Imports:
$543 million f.o.b. (2006 est.)
machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco
Overview:
In this small, essentially private-enterprise economy the tourism industry is the number one foreign exchange earner followed by 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 1999-2006. 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.
In 2007 Missouri exported $658,288 in goods to Belize. This ranks Belize 115th among the 223 international buyers of Missouri goods. Missouri exports to Belize increased from the previous year by $424,464 a change of 181.56%. State exports to Belize have increased over the last 5 years by $442,322 a change of 204.81%. Missouri exports account for .00%. of all 2007 US exports to Belize.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 215,966 | 371,171 | 543,040 | 303,027 | 233,804 | 658,288 | |
| 000 - Total All Industries US | 137,334,504 | 199,444,041 | 151,675,421 | 216,914,294 | 238,814,568 | 234,327,297 | |