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
Economy Belize
Economy - overview:
In this small, essentially private enterprise economy the tourism
industry is the number one foreign exchange earner followed by cane
sugar, citrus, marine products, bananas, and garments. The
government's expansionary monetary and fiscal policies, initiated in
September 1998, led to GDP growth of 6.5% in 1999, 10.8% in 2000,
4.6% in 2001, and 3.7% in 2002. Major concerns continue to be the
sizable trade deficit and foreign debt. A key short-term objective
remains the reduction of poverty with the help of international
donors.
GDP:
purchasing power parity - $1.28 billion (2002 est.)
GDP - real growth rate:
3.7% (2002 est.)
GDP - per capita:
purchasing power parity - $4,900 (2002 est.)
GDP - composition by sector: agriculture: 22.7% industry: 24.5% services: 52.8% (2003 est.)
Investment (gross fixed):
33% of GDP (2003)
Population below poverty line:
33% (1999 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA