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Summary:
A quick note about the current real estate investing environment in that area
People:
Population:287,730
Ethnic Groups:mestizo 48.7%, Creole 24.9%, Maya 10.6%, Garifuna 6.1%, other 9.7%
Religions:Roman Catholic 49.6%, Protestant 27% (Pentecostal 7.4%, Anglican 5.3%, Seventh-Day Adventist 5.2%, Mennonite 4.1%, Methodist 3.5%, Jehovah's Witnesses 1.5%), other 14%, none 9.4% (2000)
Languages:English (official), Spanish, Mayan, Garifuna (Carib), Creole
Literacy:definition: age 15 and over can read and write
total population: 94.1%
male: 94.1%
female: 94.1% (2003 est.)
Government:
Government type:parliamentary democracy
Economy:
Economy Overview:In this small, essentially private-enterprise economy the tourism industry is the number one foreign exchange earner followed by marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging nearly 5% in 1999-2005. 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 (PPP):$1.778 billion (2004 est.)
GDP (Official Exchange rate):$908 million (2005 est.)
GDP (Real Growth Rate):3.8% (2005 est.)
GDP Per capita:$6,800 (2005 est.)
GDP Composition by sector:agriculture: 14.2%
industry: 15.2%
services: 61.2% (2004 est.)
Unemployment Rate: 12.9% (2003)
Population below poverty line: 33% (1999 est.)
Budget: (revenue and expenditures):revenues: $262 million
expenditures: $329 million; including capital expenditures of $70 million (2005 est.)
Industrial production growth rate:4.6% (1999)
Exchange rates:Belizean dollars per US dollar - 2 (2005), 2 (2004), 2 (2003), 2 (2002), 2 (2001)
Source: C I A Fact Files
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