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    Belice Econom�a 2000

      Econom�a - descripci�n: The small, essentially private enterprise economy is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction assuming greater importance. Sugar, the chief crop, accounts for nearly half of exports, while the banana industry is the country's largest employer. The government's tough austerity program in 1997 resulted in an economic slowdown that continued in 1998. The trade deficit has been growing, mostly as a result of low export prices for sugar and bananas. The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The tourist and construction sectors strengthened in early 1999, leading to a preliminary estimate of revived growth at 4%.

      Producto Bruto Interno (PBI): purchasing power parity - $740 million (1999 est.)

      PBI - Indice de Incremento real: 4% (1999 est.)

      PBI - por capital: purchasing power parity - $3,100 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 22%
      industry: 22%
      services: 56% (1998)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): -0.9% (1999 est.)

      Fuerza Laboral: 71,000
      note: shortage of skilled labor and all types of technical personnel (1997 est.)

      Fuerza Laboral - por ocupaci�n: agriculture 38%, industry 32%, services 30% (1994)

      Indice de desempleo: 14.3% (1998)

      Presupuesto:
      revenues: $140 million
      expenditures: $180 million, including capital expenditures of $NA (1997)

      Industrias: garment production, food processing, tourism, construction

      Industrial production growth rate: -4.4% (1998)

      Electricidad - Producci�n: 175 million kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 57.14%
      hydro: 42.86%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 163 million kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: bananas, coca, citrus, sugarcane; lumber; fish, cultured shrimp

      Exportaciones: $150 million (f.o.b., 1998)

      Exporationes - comodidades: sugar, bananas, citrus fruits, clothing, fish products, molasses, wood

      Exportaciones - socios: US 45.5%, UK 30%, EU 10%, Caricom 4.2%, Mexico 3.4%, Canada 3.3% (1997)

      Importaciones: $320 million (c.i.f., 1998)

      Importaciones - comodidades: machinery and transportation equipment, manufactured goods, food, fuels, chemicals, pharmaceuticals

      Importaciones - socios: US 52%, Mexico 13%, UK 5% (1997)

      Deuda - externa: $380 million (1997)

      Ayuda economica - recipiente: $23.4 million (1995)

      Moneda: 1 Belizean dollar (Bz$) = 100 cents

      Indice de intercambio: Belizean dollars (Bz$) per US$1 - 2.0000 (fixed rate)

      A�o Fiscal: 1 April - 31 March

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    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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