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, and in 2019 production from offshore oilfields began. There are large forest resources (notably greenheart and balatá) that have been exploited.
The chief exports are 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.
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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
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