|Belize Table of Contents
Four fishing cooperatives--Caribeņa, the Northern, the National, and Placencia--dominated the fishing industry, which began to flourish in the 1960s. In 1990 fishing accounted for about 2 percent of GDP; 30 percent of the sector's output was for domestic consumption and the remainder was exported. The primary catches were lobster, shrimp, conch, red snapper, and other fin fish. Overfishing and out-of-season fishing were problems. Shrimp farming, begun with little initial success in the late 1970s, has recently contributed to a boost in shrimp exports (up 43 percent in 1989).
Forestry lost its role as the biggest sector of the Belizean economy decades ago. Its contribution to GDP averaged 2.3 percent during 1980-90. Production rose from 1987 to 1990 because of a high domestic demand for construction materials. Exports consisted primarily of sawn cedar wood. In 1990 volume dropped by 40 percent.
Source: U.S. Library of Congress