The 2008 CIA World Factbook. United States. Central Intelligence Agency
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12 February 2008) cabinet: Cabinet appointed by the governor general on the advice of the prime minister elections: the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; prime minister recommends the deputy prime minister
Legislative branch:
bicameral National Assembly consists of the Senate (12 seats; members appointed by the governor general - 6 on the advice of the prime minister, 3 on the advice of the leader of the opposition, and 1 each on the advice of the Belize Council of Churches and Evangelical Association of Churches, the Belize Chamber of Commerce and Industry and the Belize Better Business Bureau, and the National Trade Union Congress and the Civil Society Steering Committee; to serve five-year terms) and the House of Representatives (31 seats; members are elected by direct popular vote to serve five-year terms) elections: House of Representatives - last held 6 February 2008 (next to be held in 2013) election results: percent of vote by party - NA; seats by party - UDP 25, PUP 6
Judicial branch:
Supreme Court of Judicature (the chief justice is appointed by the governor general on the advice of the prime minister); Court of Appeal
Political parties and leaders:
National Alliance for Belizean Rights or NABR; National Reform Party
or NRP [Cornelius DUECK]; People's National Party or PNP [Wil
MAHEIA]; People's United Party or PUP [Said MUSA]; United Democratic
Party or UDP [Dean BARROW]; Vision Inspired by the People or VIP
[Paul MORGAN]; We the People Reform Movement or WTP [Hipolito
BAUTISTA]
Political pressure groups and leaders:
Society for the Promotion of Education and Research or SPEAR
[Gustavo PERERA]; Association of Concerned Belizeans or ACB [David
VASQUEZ]; National Trade Union Congress of Belize or NTUC/B [Rene
GOMEZ]
International organization participation:
ACP, C, Caricom, CDB, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM,
IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITU, ITUC,
LAES, MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO,
UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Nestor MENDEZ chancery: 2535 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 332–9636 FAX: [1] (202) 332–6888 consulate(s) general: Los Angeles
Diplomatic representation from the US:
chief of mission: Ambassador Robert J. DIETER embassy: Floral Park Road, Belmopan City, Cayo District mailing address: P.O. Box 497, Belmopan City, Cayo District, Belize telephone: [501] 822–4011 FAX: [501] 822–4012
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, tourism is the number one foreign exchange earner followed by exports of 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 4% in 1999–2007. Oil discoveries in 2006 bolstered the economic growth in 2006 and 2007. Major concerns continue to be the sizable trade deficit and unsustainable foreign debt. In February 2007, the government restructured nearly all of its public external commercial debt, which will reduce interest payments and relieve liquidity concerns. A key short-term objective remains the reduction of poverty with the help of international donors.
GDP (purchasing power parity):
$2.444 billion (2007 est.)
GDP (official exchange rate):
$1.274 billion (2007 est.)
GDP - real growth rate:
2.2% (2007 est.)
GDP - per capita (PPP):
$7,900 (2007 est.)
GDP - composition by sector:
agriculture: 21.3% industry: 13.7% services: 65% (2007 est.)
Labor force:
113,000 note: shortage of skilled labor and all types of technical personnel (2006 est.)
Labor force - by occupation:
agriculture: 22.5% industry: 15.2% services: 62.3% (2005 est.)
Unemployment rate:
9.4% (2006)
Population below poverty line:
33.5% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Investment (gross fixed):
19.7% of GDP (2007 est.)
Budget:
revenues: $307 million expenditures: $344 million (2007 est.)
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
2.3% (2007 est.)
Central bank discount rate:
12% (31 December 2007)
Commercial bank prime lending rate:
14.33% (31 December 2007)
Stock of money:
$323.9 million (31 December 2007)
Stock of quasi money:
$549 million (31 December 2007)
Stock of domestic credit:
$877.6 million (31 December 2007)
Agriculture - products:
bananas, cacao, citrus, sugar; fish, cultured shrimp; lumber; garments
Industries:
garment production, food processing, tourism, construction, oil
Industrial production growth rate:
0.5% (2007 est.)
Electricity - production:
213.5 million kWh (2007 est.)
Electricity - consumption:
193.3 million kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Electricity - production by source:
fossil fuel: 59.9% hydro: 40.1% nuclear: 0% other: 0% (2001)
Oil - production:
3,000 bbl/day (2007 est.)
Oil - consumption:
7,000 bbl/day (2006 est.)
Oil - exports: