Belize Economic information

Belize is a country located in Central America. Its economy is based on agriculture, tourism and the service sector. The agricultural sector forms an important part of Belize's economy. Products such as bananas, sugar cane, citrus fruits, rice, beans, corn and cocoa are grown in the country. Agriculture provides approximately 30% of total employment. The tourism industry is also important to Belize's economy. The country's natural beauties, reefs, beaches and Mayan ruins attract tourists. The tourism sector accounts for approximately 25% of the country's national income. Another important sector is the service sector. Belize operates in areas such as financial services, business services and free zone services. These sectors generate a large portion of the country's income. Weaknesses of the Belize economy include high unemployment rate, income inequality and foreign dependency. The country meets many of its basic needs through imports. The currency of Belize is the Belize dollar. The USA, Mexico and Caribbean countries are important trading partners in the country's foreign trade. Belize's main exports include bananas, sugar, citrus fruits, fish, oil and petroleum products. As a result, Belize's economy is based on agriculture, tourism and the service sector. While agriculture and tourism sectors constitute the country's main sources of income, the service sector also contributes to the economy. However, the country has some economic difficulties.