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Airline ticket Belize

Economy

According to the CIA World Factbook, Belize has the highest unemployment rate in Central America at 9.4%. The population living in poverty is at 33.5%.

The small, essentially private enterprise economy is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction assuming greater importance. Tourism has been, along with the sugar industry, the most important financial stronghold for Belize for decades. With the building of the port in Belize City, tourists can take cruises to the country and solely visit the tourist village that was built primarily for them. Sugar, the chief crop, accounts for nearly half of exports, while the banana industry is the country's largest employer. Citrus production has become a major industry along the Hummingbird Highway. More recently, discoveries of petroleum deposits in the Cayo District and possible deposits in the Toledo District have radically altered Belize's previously untapped mining and manufacturing capabilities.

The ruling government's big monetary and fiscal policies, initiated in September 1998, led to GDP growth of 6.4% in 1999 and 10.5% in 2000. Growth decelerated in 2001 to 3% because of the global slowdown and severe hurricane damage to agriculture, fishing and tourism. Growth in 2005 was 3.8%. Major concerns continue to be the rapidly expanding trade deficit and foreign debt. A key short-term objective remains the reduction of poverty with the help of international donors.

Demographics

Colonisation, slavery, and immigration have played major roles in affecting the ethnic composition of the population and as a result, Belize is a country of numerous cultures, languages, and ethnic groups. According to the latest census, the country's population is a little over 300,000.

The Mayan are thought to have been in Belize and the Yucatán region since the 500s AD. However, much of Belize's original Maya population was wiped out by disease and conflicts between tribes and with Europeans. Three Maya groups now inhabit the country: Yucatecs (who came from Yucatán, Mexico to escape the Caste War), Mopans (indigenous to Belize, but were forced out by the British; they returned from Guatemala to evade slavery), and Kekchi (also fled from slavery in Guatemala).

White English and Scottish settlers entered the area in the 1630s to cut logwood for export and began settling. The first African slaves began arriving from Africa elsewhere in the Caribbean and began intermarrying with many of the other ethnic groups in the country; intermingling with whites was not common, however, this mixture created the Belizean Kriol people ethnic grouping. After 1800, Mestizo settlers from Mexico and Guatemala began to settle in the north; the Garifuna, a mix of African, Arawak and Carib ancestry, settled in the south by way of Honduras not long after that. During the 1860s a large influx of Indians and American Civil War veterans from Louisiana and other Southern states established Confederate settlements in British Honduras and introduced commercial sugar cane production to the colony, establishing eleven settlements in the interior.