FANDOM


Country summary

Capital

Belmopan

Borders

Guatemala 266 km, Mexico 250 km

Government type

parliamentary democracy and a Commonwealth realm

Population

307,899 (July 2010 est.)[1]

Population growth

2.154% (2010 est.)[1]

Life expectancy

68.2 years[1]

Unemployment

8.1% (2008)[1]

Index of Economic Freedom

79[2]

Doing Business ranking

80[3]


Belize was the site of several Mayan city states until their decline at the end of the first millennium A.D. The British and Spanish disputed the region in the 17th and 18th centuries; it formally became the colony of British Honduras in 1854. Territorial disputes between the UK and Guatemala delayed the independence of Belize until 1981. Guatemala refused to recognize the new nation until 1992 and the two countries are involved in an ongoing border dispute. Guatemala and Belize are gearing up for a simultaneous referendum to determine if this dispute will go before the International Court of Justice at The Hague. Tourism has become the mainstay of the economy. Current concerns include an unsustainable foreign debt, high unemployment, growing involvement in the South American drug trade, high crime rates, and increasing incidences of HIV/AIDS.[1]

Economical characteristicsEdit

  • Currency: Belize dollar (ISO code: BZD)
  • Central bank discount rate: 12% (31 December 2008)[1]
  • Commercial banks lending rate: 14.14% (31 December 2008)[1]
  • Stock of money (M1): $345.7 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $653.8 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[4] 733 832 872 933 988 1 056 1 115 1 213 1 277 1 359
Govt. debt (% of GDP)[5]
Govt. revenue (% of GDP)[6]
Govt. expenses (% of GDP)[7]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Belize", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Belize", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Doing Business. "Belize", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  4. World Bank. "Belize: GDP", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Belize: government debt", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Belize: government revenue", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Belize: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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