Country Report Belize October 1996 Main report

Economic structure.

Economic structure Latest available figures Economic indicators 1991 1992 1993 1994 1995 GDP at current prices Bz$ m 863.0 961.1 1,050.8 1,087.3 1,155.7 Real GDP growth % 3.0 7.7 4.2 2.2 3.7 Consumer price inflation % 2.3 2.3 1.4 2.6 2.8 Population '000 194 198 202 206 210 Exports fob US$ m 121.7 140.5 136.5 151.0 161.7 Imports fob US$ m 233.02 249.1 255.4 236.3 235.0 Current account US$ m -25.8 -28.6 -48.5 -27.5 -30.0(a) Reserves excl gold US$ m 53.0 52.9 38.8 34.5 37.6 Total external debt US$ m 168.9 172.3 184.5 176.9 183.9(b) Debt-service ratio % 7.3 6.4 7.0 n/a n/a Exchange rate (av) Bz$:US$ 2 2 2 2 2 October 4, 1996 Bz$2:US$1 Origins of gross domestic product 1995 % of total Agriculture, fisheries & forestry 20.9 Commerce 17.3 Manufacturing & mining 14.4 Transport & communications 10.2 Construction 6.6 GDP at factor cost incl others 100.0 Components of gross domestic product 1995 % of total Private consumption 66.0 Government consumption 16.1 Gross domestic investment 23.4 Change in stocks -1.1 Exports of goods & services 51.4 Imports of goods & services -55.8 GDP at market prices 100.0 Principal exports 1995 US$ m Principal imports cif 1994 US$ m Sugar 47.7 Machinery 66.7 Citrus concentrate 29.2 Food 45.9 Bananas 22.1 Fuels 29.3 Marine products 15.6 Chemicals 27.9 Garments 14.6 Other manufactured goods 86.1 Main destinations of % of Main origins of imports % of exports 1995 total 1994 total UK 42.0 USA 54.1 USA 36.4 Mexico 11.2 EU excl UK 8.6 UK 6.2 Canada 4.3 Caricom 5.0 Caricom 3.1 EU excl UK 4.6 (a) EIU estimate. (b) Public-sector debt only; preliminary estimate from the Caribbean Development Bank.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
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