Economy of Belize

Imports

Imports commoditiesmachinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco

Import partnersUS 23.6%, Germany 15%, Mexico 11.5%, Cuba 8.4%, Guatemala 4.8%, China 4.7%, Singapore 4% (2012)

Exports

Exports commoditiessugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil

Export partnersUS 31.8%, UK 21.9%, Nigeria 4.8%, Japan 4.1%, Netherlands 4.1% (2012)

Economy sectors

Agriculture productsbananas, cacao, citrus, sugar; fish, cultured shrimp; lumber

Industrial productsgarment production, food processing, tourism, construction, oil

Economy

Unemployment15.5 % (2013)11.3 % (2012)8.40 % (2011)

Unemployment of Belize

GDP - Official Exchange Rate1.64 Billion $ (2013)1.56 Billion $ (2012)1.49 Billion $ (2011)

GDP - Official Exchange Rate of Belize

GDP growth rate2.50 % (2013)5.30 % (2012)2.00 % (2011)

GDP growth rate of Belize

GDP per Capita (PPP)8,800 $ (2013)8,700 $ (2012)8,400 $ (2011)

GDP per Capita (PPP) of Belize

GDP - Purchasing Power Parity3.08 Billion $ (2013)2.97 Billion $ (2012)2.83 Billion $ (2011)

GDP - Purchasing Power Parity of Belize

GDP PPP per land area134 Thousand $ per square kilometer (2013)129 Thousand $ per square kilometer (2012)123 Thousand $ per square kilometer (2011)

GDP PPP per land area of Belize

Electricity

Electricity - installed generating capacity178 Thousand kW

Banking

Central bank discount rate18.0 % (2010)12.0 % (2009)12.0 % (2008)

Central bank discount rate of Belize

Commercial bank prime lending rate11.8 % (2013)12.4 % (2012)13.4 % (2011)

Commercial bank prime lending rate of Belize

GDP decomposition by sector

Agriculture % of GDP13.0 % (2012)

Industry % of GDP23.0 % (2012)

Services % of GDP64.0 % (2012)

Tourism

International tourism, number of arrivals277 Thousand (2012)250 Thousand (2011)242 Thousand (2010)

International tourism, number of arrivals of Belize

Yearly Tourist arrivals to residents ratio84.5 % (2012)77.9 % (2011)78.4 % (2010)

Yearly Tourist arrivals to residents ratio of Belize

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)75.1 % of GDP (2013)84.6 % of GDP (2012)88.5 % of GDP (2011)

Public debt (Percentage of GDP) of Belize

Current Account Balance (Percentage of GDP)-2.11 % of GDP (2012)-1.34 % of GDP (2011)-3.27 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Belize

External Debt Stocks (Percentage of GNI)95.4 % of GNI (2011)104 % of GNI (2010)102 % of GNI (2009)

External Debt Stocks (Percentage of GNI) of Belize

Short-term debt (percentage of total external debt)1.50 % of total external debt (2012)0.62 % of total external debt (2011)0.54 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Belize

Current Account Balance (Total)-32.00 Million $ (2013)-27.50 Million $ (2012)-31.30 Million $ (2011)

Current Account Balance (Total) of Belize

External Debt (Total)1.05 Billion $ (2013)1.47 Billion $ (2012)1.40 Billion $ (2011)

External Debt (Total) of Belize

External Debt (Percentage of GDP)64.0 % of GDP (2013)94.5 % of GDP (2012)93.9 % of GDP (2011)

External Debt (Percentage of GDP) of Belize

External Debt per Capita3,135 $ (2013)4,495 $ (2012)4,354 $ (2011)

External Debt per Capita of Belize