Economy of Belize

Belize has a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered crude oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Besides petroleum, Belize's other primary exports are citrus, sugar, and bananas. Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas.

The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The Belize Dollar is fixed to the U.S. dollar at a rate of 2:1.

Domestic industry is limited, constrained by relatively high-cost labour and energy and a small domestic market. Tourism attracts the most foreign direct investment although significant foreign investment is also found in the energy, telecommunications, and agricultural sectors.

Belize

Belize (ⁱ/bəˈliːz/) is a country on the eastern coast of Central America. It is the only country in Central America whose official language is English, though Belizean Creole (Kriol) and Spanish are also commonly spoken. Belize is bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Its mainland is about 290 km (180 mi) long and 110 km (68 mi) wide.

With an area of 22,966 kilometers squared (8,867 square miles) making it the world's 147th largest country by area and also Belize has a population of 368,310 which makes it the world's 173rd most populous country in the world

(8,867) a population of Belize has the lowest population density in Central America. The country's population growth rate of 1.87% per year (2015) is the second highest in the region and one of the highest in the Western Hemisphere.

Belize's abundance of terrestrial and marine species and its diversity of ecosystems give it a key place in the globally significant Mesoamerican Biological Corridor.

Cabinda Province

Cabinda (also spelled Kabinda, formerly Portuguese Congo, known locally as Tchiowa) is an exclave and province of Angola, a status that has been disputed by many political organizations in the territory. The capital city is also called Cabinda. The province is divided into four municipalities—Belize, Buco Zau, Cabinda and Landana.

Modern Cabinda is the result of a fusion of three kingdoms: N'Goyo, Loango and Kakongo. It has an area of 7,270 km² (2,810 sq mi) and a population of 688,285 (2014 census). According to 1988 United States government statistics, the total population of the province was 147,200, with a near even split between total rural and urban populations. At one point an estimated one third of Cabindans were refugees living in the Democratic Republic of the Congo; however, after the 2007 peace agreement, refugees started returning home.

Cabinda is separated from the rest of Angola by a narrow strip of territory belonging to the Democratic Republic of the Congo, which bounds the province on the south and the east. Cabinda is bounded on the north by the Republic of the Congo, and on the west by the Atlantic Ocean. Adjacent to the coast are some of the largest offshore oil fields in the world. Petroleum exploration began in 1954 by the Cabinda Gulf Oil Company, when the territory was under Portuguese rule. Cabinda also produces hardwoods, coffee, cacao, rubber, and palm oil products, however, petroleum production accounts for most of Cabinda's domestic product. Cabinda produces 700,000 barrels (110,000 m³) of crude oil per day. Cabinda Oil is associated with Sonangol, Agip Angola Lda (41%), Chevron (39.2%), Total (10%) and Eni (9.8%).

Belize, Angola

For the country, see Belize

Belize is a town and municipality in Cabinda Province in Angola.

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