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Home :: Trade Leads By Country : Belize



BELIZE

Belize, Countries by TradeBelize, Countries by Trade

Introduction

The country of Belize was formatted due to the Territorial disputes between the UK and Guatemala and the independence of Belize was delayed (formerly British Honduras) until 1981. Guatemala refused to recognize the new nation until 1992. Tourism has become the mainstay of the economy. The country remains plagued by high unemployment, growing involvement in the South American drug trade, and increased urban crime. This country is located in Central America, bordering the Caribbean Sea, between Guatemala and Mexico.The geographical co-ordinates of this country is 17 .15 N, 88. 45 W.The geographical area of this country is around 22,966 sq km.The climate of this country is tropical; very hot and humid; rainy season (May to November); dry season (February to May).


Business and Economy

The economy of this country hasn’t been very good. This is because of the fact that this is a very small country and there has been absolute derth of foreign investment in this country.The economic policies of this country also haven’t been very promising to attract the foreign investors.Primarily this country has been depending on the forests for its growth.This fact is there in the history books that the economy primarily depende on the forests in the initial phases but as this started decreasing, the country started to depend on the sugar industry which by this time had taken the place of the forests.This sugar industry took the place of the logwood and the mahogany industry and the country was managing depending only on this industry. The soul reason for the economy not doing good was the lack of foreign investment and the policies of the country.


Major Cities

The major cities of this country have nopt been able to attract that sizeable chunk of foreign investment as the policies of this country haven’t been investor friendly.This country is not considered to be a developing country and due to this reason, there is almost zero investment by the foreign investors. Apart from this, even the tourism industry is not doing well because there are not many beautiful sights to see in this country.Some of the major cities of this country are Belmopan,Corozal,Orange walk,Dangriga,Punta Gorda and San Ignacio.


Fact Sheet

Location: One mile west of Belize Barrier Reef
Length: From North to South, 8.2 km (5 Miles)
Width: .25 - 2.0 km (0.15 - 1.2 miles)
Population: Approximately 1,300
Culture: Mestizo, Garifuna, Creole
Hotels: 57...with 887 rooms
GDP: 5.1%
Unemployment: 12%
Death Rate: 6.04 deaths/1,000 population (2005 est.)
Birth Rate: 29.34 births/1,000 population (2005 est.)
Exports: $401.4 million f.o.b. (2005 est.)
Imports: $579.9 million f.o.b. (2005 est.)





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