OAS, OPANAL, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO,
WMO, WTrO
Diplomatic representation in the US:
chief of mission: Ambassador James Schofield MURPHY
chancery: 2535 Massachusetts Avenue NW, Washington, DC 20008
telephone: (202) 332-9636
FAX: (202) 332-6888
consulate(s) general: Los Angeles
Diplomatic representation from the US:
chief of mission: Ambassador Carolyn CURIEL
embassy: Gabourel Lane and Hutson Street, Belize City
mailing address: P. O. Box 286, Unit 7401, APO AA 34025
telephone: (2) 77161 through 77163
FAX: (2) 30802
Flag description: blue with a narrow red stripe along the top and the
bottom edges; centered is a large white disk bearing the coat of arms;
the coat of arms features a shield flanked by two workers in front of
a mahogany tree with the related motto SUB UMBRA FLOREO (I Flourish in
the Shade) on a scroll at the bottom, all encircled by a green garland
@Belize:Economy
Economy - overview: 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%.
GDP: purchasing power parity - $740 million (1999 est.)
GDP - real growth rate: 4% (1999 est.)
GDP - per capita: purchasing power parity - $3,100 (1999 est.)
GDP - composition by sector:
agriculture: 22%
industry: 22%
services: 56% (1998)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): -0.9% (1999 est.)
Labor force: 71,000
note: shortage of skilled labor and all types of technical personnel
(1997 est.)
Labor force - by occupation: agriculture 38%, industry 32%, services
30% (1994)
Unemployment rate: 14.3% (1998)
Budget
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