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Joined: Mar 2001
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Originally Posted by Mike Campbell
If you put in all the tourism generated income it is probably closer to 45% of the economy or more.


Good points, Mike. But maybe Belize would not need that revenue, jobs, etc. generated by those "US resort owners" if it only had a few more San Pedro Dailys with their contributions to the GDP. laugh

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Originally Posted by SFJeff
Even more confused now...

...if "Services" is responsible for 70.5% of the GDP of Belize (2011), yet "Tourism" contributes to less than 10% of the GDP (2010), there must be some all but invisible yet lucrative, important and viable "Services" that are the true bread and butter of the Belize economy...??? Silly me thought it was tourism. Heck, if that's true, we could pretty much ELIMINATE "tourism" in Belize and it would be merely a hiccup as far as the GDP is concerned!!! Someone clue me in on what it is so we can close this place down (resort/restaurant) and get in on the real action!!!!


Because you're confusing GDP with GNP. GDP refers to the market value of all officially recognized final goods and services produced within a country in a given period.
GNP (now usually referred to as GNI) is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. Basically, GNP measures the value of goods and services that the country's citizens produced regardless of their location.

As for the rise in Services GDP don't consider that income - it can be attributed to Government spending large amounts of money on employees, social programs, etc. I think that Tourism (allegedly at 45% of GNI) has eclipsed Agriculture (around 30%) as the leading (legal) moneymaker in Belize.


Joined: Sep 2002
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BW, you put it much nicer than I would have.

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