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Belize, Economy

subsistence crops, Belize City, unit of currency, Lumbering, citrus fruits

The main economic resource is Belize’s arable land, although only 3 percent of the total land area is under cultivation. Agricultural exports include sugar, citrus fruits, and bananas. Rice, beans, and corn are grown as subsistence crops. Lumbering, formerly the chief economic activity, has declined in importance. Major manufactures are processed food, wood products, and clothing. A road network of 2,872 km (1,785 mi) links the major urban centers, but some areas remain inaccessible. An international airport serves Belize City. The unit of currency is the Belize dollar (2 Belize dollars equal U.S.$1; 2000 fixed rate). In 2000 exports earned $194 million, and imports cost $450 million. The government’s budget included $133 million in revenue and $179.8 million in expenditure in 1995.



Article key phrases:

subsistence crops, Belize City, unit of currency, Lumbering, citrus fruits, bananas, processed food, cultivation, international airport, beans, wood products, road network, corn, Rice, revenue, sugar, clothing, fixed rate, percent, importance, areas

 
 

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