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In this small, essentially private-enterprise economy, tourism is the number one foreign exchange earner followed by exports of 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 1999-2007, though growth slipped to 2.1% in 2008 and -1.5% in 2009 as a result of the global slowdown, natural disasters, and the drop in the price of oil. Oil discoveries in 2006 bolstered economic growth. Exploration efforts continue and production increased a small amount in 2009. Major concerns continue to be the sizable trade deficit and sizable foreign debt. In February 2007, the government restructured nearly all of its public external commercial debt, which helped reduce interest payments and relieve some of the country's liquidity concerns. A key short-term objective remains the reduction of poverty with the help of international donors.
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$2.555 billion (2009 est.)
country comparison to the world: 178
$2.578 billion (2008 est.)
$2.485 billion (2007 est.)
note:
data are in 2009 US dollars
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$1.336 billion (2009 est.)
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-0.9% (2009 est.)
country comparison to the world: 126
3.8% (2008 est.)
1.2% (2007 est.)
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$8,300 (2009 est.)
country comparison to the world: 117
$8,600 (2008 est.)
$8,400 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 29%
industry:
16.9%
services:
54.1% (2008 est.)
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122,300
country comparison to the world: 178
note:
shortage of skilled labor and all types of technical personnel (2008 est.)
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agriculture: 10.2%
industry:
18.1%
services:
71.7% (2007 est.)
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8.1% (2008)
country comparison to the world: 87
9.4% (2006)
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33.5% (2002 est.)
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lowest 10%: NA%
highest 10%:
NA%
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24.4% of GDP (2009 est.)
country comparison to the world: 48
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revenues: $359.1 million
expenditures:
$399.9 million (2009 est.)
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0.3% (2009 est.)
country comparison to the world: 31
6.4% (2008 est.)
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12% (31 December 2008)
country comparison to the world: 24
12% (31 December 2007)
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14.14% (31 December 2008)
country comparison to the world: 53
14.33% (31 December 2007)
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$345.7 million (31 December 2008)
country comparison to the world: 135
$323.9 million (31 December 2007)
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$653.8 million (31 December 2008)
country comparison to the world: 132
$549 million (31 December 2007)
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$955 million (31 December 2008)
country comparison to the world: 113
$877.6 million (31 December 2007)
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$NA
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bananas, cacao, citrus, sugar; fish, cultured shrimp; lumber
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garment production, food processing, tourism, construction, oil
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0.5% (2009 est.)
country comparison to the world: 68
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213.5 million kWh (2007 est.)
country comparison to the world: 176
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198.5 million kWh (2007 est.)
country comparison to the world: 178
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0 kWh (2008 est.)
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248.4 million kWh (2005)
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3,990 bbl/day (2009 est.)
country comparison to the world: 98
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7,000 bbl/day (2009 est.)
country comparison to the world: 158
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2,260 bbl/day (2007 est.)
country comparison to the world: 113
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7,204 bbl/day (2007 est.)
country comparison to the world: 147
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6.7 million bbl (1 January 2009 est.)
country comparison to the world: 92
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0 cu m (2008 est.)
country comparison to the world: 96
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0 cu m (2008 est.)
country comparison to the world: 207
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0 cu m (2008 est.)
country comparison to the world: 56
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0 cu m (2008 est.)
country comparison to the world: 83
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0 cu m (1 January 2009 est.)
country comparison to the world: 200
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-$39 million (2009 est.)
country comparison to the world: 67
-$144.4 million (2008 est.)
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$385 million (2009 est.)
country comparison to the world: 172
$471.9 million (2008 est.)
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sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil
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US 30.7%, UK 29.77%, Nigeria 4.9%, Cote d'Ivoire 4.45% (2009)
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$616 million (2009 est.)
country comparison to the world: 183
$788.1 million (2008 est.)
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machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco
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US 33.65%, Mexico 14.17%, Cuba 8.51%, Guatemala 6.75%, Spain 6.07%, China 4.12% (2009)
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$199 million (31 December 2009 est.)
country comparison to the world: 147
$166.2 million (31 December 2008 est.)
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$954.1 million (2008 est.)
country comparison to the world: 149
$1.2 billion (June 2005 est.)
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Belizean dollars (BZD) per US dollar - 2 (2009), 2 (2008), 2 (2007), 2 (2006), 2 (2005)
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