Belize is a country on the eastern coast of Central America bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Belize has a small, mostly private enterprise economy that is based primarily on export of petroleum and crude oil, agriculture, agro-based industry, and merchandising, with tourism and construction recently assuming greater importance.[1] As of 2007[update], oil production was 3,000 bbl/d (480 m3/d) and as of 2006[update] oil exports were 1,960 bbl/d (312 m3/d). The country is also a producer of industrial minerals.[2] In agriculture, sugar, like in colonial times, remains the chief crop, accounting for nearly half of exports, while the banana industry is the largest employer.[1]
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