Belize - Balance of payments

Follow City-Data.com founder on our Forum or


The visible trade deficit is counterbalanced by overseas aid, British military expenditures, foreign remittances from expatriates, and receipts from tourism. In 1999, Belize's current account deficit was the largest on record for the country, at US $62.2 million. It subsequently increased. Since the end of 1998, the trade deficit has widened, due to an increase in manufactured good purchases for the industrial and construction sectors.

The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Belize's exports was US $239.6 million while imports totaled US $505 million resulting in a trade deficit of US $265.4 million.

The International Monetary Fund (IMF) reports that in 2000 Belize had exports of goods totaling US $212 million and imports totaling US $404 million. The services credit totaled US $172 million and debit US $120 million. The following table summarizes Belize's balance of payments as reported by the IMF for 2000 in millions of US dollars.

Belize

Current Account -140
Balance on goods -191
Balance on services 53
Balance on income -54
Current transfers 53
Capital Account -1
Financial Account 88
Direct investment abroad
Direct investment in Belize 18
Portfolio investment assets
Portfolio investment liabilities 27
Other investment assets -39
Other investment liabilities 83
Net Errors and Omissions 7
Reserves and Related Items 43
Also read article about Belize from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA