Senior Capstone- Gdp

IV. Finance and Economic Characteristics A.General Economic Conditions 1.gross domestic product The GDP of Belize is without delay estimated at 1.383 billion as of 2008, and the overall economic experimental condition of the country seems to steadily be on the rise. YearGDP (purchasing power parity) (Billion $) 20000.74 20010.79 20020.83 20031.28 20041.28 20051.778 20061.778 20072.307 20082.336 Based on the chart we can break up that the economy of Belize consent slowly been rising over the yesteryear five years despite obstacles such as twain tropical storms damaging the country and private creditors from whom financial avail was awarded to rebuild the country. Due to the recession, Belize, similar to all other countries, has forecasted a slowdown, drastically hurting the economy which to date has been proven accurate. However, by the year 2010, the government predicts that the GDP will again be on the rise based on their implementation their invention to attract higher numbers of tourist and exporting big amounts of agricultural products. Which based on the chart below, we see ar the two leading sectors of the country. GDP- composition by sector Agriculture: 29% Industry: 16.9% Services: 54.1% 2. Per Capita GDP.

Compared at number 115 in the world, the GDP per capita of Belize is $8,600 (PPP), an increase from the previous year after a slight decrease the year before. But the country itself in truth cannot be held accountable for such decline, since many sectors worldwide have been struggling and experiencing similar decreases in their economy also. 3. Inflation browse and CL 2. M one(a)tary Policy The official unit of currency of Belize is the Belize dollar sign. Divided into ascorbic acid cents, the Belize dollar has a fixed rate of $2 per one U.S dollar since 1978. But depending on the need for the American dollar, some(a) companies are known to pay more than the set BZ$2 per $1US, sometimes as much as $2.75. Although the US dollar is accepted throughout Belize, the same... If you want to get a generous essay, order it on our website: Orderessay

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