Agriculture and mining are the principal economic activities. Sugarcane and rice are the leading crops, and wheat, corn, coconuts, and citrus fruit are also grown. Cattle and other livestock are raised. Bauxite, gold, diamonds, and manganese are mined. There are large forest resources (notably greenheart and balatá) that have been exploited.
The chief exports are sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, and timber. Imports include manufactures, machinery, petroleum, and foodstuffs. Reforms were instituted in the late 1980s to liberalize the country's economy and to attract foreign aid and investment, and the economy grew in the 1990s and early 2000s. The United States, Trinidad and Tobago, Canada, and Great Britain are the most important trading partners.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
See more Encyclopedia articles on: South American Political Geography
Browse by Subject
- Earth and the Environment +-
- History +-
- Literature and the Arts +-
- Medicine +-
- People +-
- Philosophy and Religion +-
- Places +-
- Australia and Oceania
- Britain, Ireland, France, and the Low Countries
- Commonwealth of Independent States and the Baltic Nations
- Germany, Scandinavia, and Central Europe
- Latin America and the Caribbean
- Oceans, Continents, and Polar Regions
- Spain, Portugal, Italy, Greece, and the Balkans
- United States, Canada, and Greenland
- Plants and Animals +-
- Science and Technology +-
- Social Sciences and the Law +-
- Sports and Everyday Life +-