Belize - Income





The US Central Intelligence Agency (CIA) reports that in 2001 Belize's gross domestic product (GDP) was estimated at US $830 million. The per capita GDP was estimated at US $3,250. The annual growth rate of GDP was estimated at 3%. The average inflation rate in 2001 was 1.7%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 18% of GDP, industry 24%, and services 58%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled US $22 million or about US $96 per capita and accounted for approximately 2.9% of GDP. Foreign aid receipts amounted to about US $87 per capita and accounted for approximately 3% of the gross national income (GNI).

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was US $2,235. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. Approximately 27% of household consumption was spent on food, 5% on fuel, 3% on health care, and 13% on education. It was estimated that in 1999 about 33% of the population had incomes below the poverty line.

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Jan 30, 2011 @ 5:17 pm
I would like to know how the national income is distributed among the citizens of belize!!can you guys please answer me this question to the above email address?
maria.g
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Feb 16, 2011 @ 10:10 am
do Belize have circular flow of goods and services? if yes how does it function? I also would like to know how the national income is distributed among our citizens? thank you

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