The economy of Belize is a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. The cultivation of newly discovered oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation.[15] Belize‘s 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.
Be the first to comment