Tourism is the number one foreign exchange earner for Belize's small economy. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth averaging nearly 4% in 1999-2007.
In January 2013, the government announced it had reached a deal with creditors from pre-recession era to restructure its $544 million commercial external debt, commonly referred to as the "superbond".
A key government objective remains the reduction of poverty and inequality with the help of international donors. Despite that, Belize has the second highest per capita income in Central America.
Composition of GDP (2012)