Belize GDP Data & Country Report

Belize Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Belize; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Belize

International Reserves

US$ 218 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 1.468 billion (2009 estimate)

GDP (Purchasing Power Parity)

2.74 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
13.1%	5%	5.1%	9.3%	4.6%	3%	4.7%	1.2%
2008	2009	2010	2011*
3.8%	0%	2%	2.3%

*Estimate

GDP per capita - current prices

US$ 4,276 (2008 estimate)

GDP per capita - PPP

$7,983 International Dollars (2008 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0%	0%	0%	0%	0%

**Forecast

GDP - composition by sector

agriculture: 9.7%
industry: 19.8%
services: 58.7% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
6.4%(2008)	2%	0.5%	2.9%

*Estimate

Unemployment rate

2008	2009	2010	2011*
10.8%	12.7%	12.9%(2009)	12.9%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
84.8%	78.2%	80.3%	81.7%	79.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-0.7%	0.4%	-1.6%	-2.5%	-2.8%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: B/Stable/B

Moody's rating: B3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Belize

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.1 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-8.1% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

62.1% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$404 million f.o.b. (2010 estimate)

Export commodities

sugar, bananas, citrus, clothing, fish products, molasses, wood

Total imports

US$718 million f.o.b. (2008 estimate)

Import commodities

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

Exports - major partners

US 28.7%, UK 16.3%, Thailand 5.8%, Cote d'Ivoire 5.4%, Finland 4.2%, Spain 4% (2007)

Imports - major partners

US 31.2%, Mexico 13.6%, Cuba 8.5%, Guatemala 8%, Russia 4.6% (2007)

FDI inflows

2008	2009	2010
US$170 million	US$109 million(2009)	US$97 million(2009)

FDI outflows

2008	2009	2010
US$3 million	US$0 million	US$1 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	US$2 million(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 99 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 148 out of 183 countries(2009)

Registering property: 134 out of 183 countries

Paying Taxes: 69 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 120 out of 183 countries

Trading across border: 119 out of 183 countries

Enforcing Contracts: 168 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

123

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 71 Score: 63.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-6

Total area

22,966 km² (2006)

Capital

Belmopan (2009)

Currency

Belizean dollars (BZD) (2009)

Government type

parliamentary democracy and a Commonwealth realm (2009)

Languages

Spanish 46%, Creole 32.9%, Mayan dialects 8.9%, English 3.9% (official), Garifuna 3.4% (Carib), German 3.3%, other 1.4%, unknown 0.2% (2000 census)

Religions

Roman Catholic 49.6%, Protestant 27% (Pentecostal 7.4%, Anglican 5.3%, Seventh-Day Adventist 5.2%, Mennonite 4.1%, Methodist 3.5%, Jehovah's Witnesses 1.5%), other 14%, none 9.4% (2000)

Total population

1980	1990	2000	2010*	2015**
0.15 million	0.19 million	0.25 million	0.34 million	0.38 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
54%	49.4%	47.8%	52.2%

Population median age

21.0 years (2006)

Population growth rate

3.4% (2009)

Life expectancy

76 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

72.04% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

14% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.4136 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Belize Bank (National, 2012)

2011:

COUNTRY WINNERS Belize Bank (National, 2011)

2010:

COUNTRY WINNERS Belize Bank (National, 2010)

2009:

COUNTRY WINNERS Belize Bank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Belize GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009: