The economy of Belize depended on forestry until well into the 20th century. Logwood, used to make dye, was Belize's initial main export. However, the supply outstripped the demand, especially as Europeans developed man-made dyes which were less expensive. Loggers turned to mahogany, which grew in abundance in the country's forests. The wood was prized for use in cabinets, railroad carriers. While many merchants and traders became wealthy from the mahogany industry, ups and downs in the market had a large impact on the economy. In addition, new mahogany trees weren't being planted, because mahogany trees grow slowly; the rate of natural regrowth necessitated a large, long-term investment in tree farming, which was not made. As the 19th century progressed, loggers were forced to go deeper into the forests to find the trees, increasing labour costs.

Variations of mahogany exports over long periods of time were linked to the accessible supply of the resource. Thus, improvements in hauling methods helped the cutters satisfy increasing demands for mahogany by enabling them to extract timber from areas in the interior that had been previously inaccessible to them. Immediately after the introduction of cattle in the early 19th century, tractors in the 1920s, and lorries in the 1940s, production levels rose dramatically.

Belize ⁱ/bəˈliːz/ (formerly British Honduras) is a country located on the north eastern coast of Central America and it is the only country in the area where English is the official language, although Kriol and Spanish are more commonly spoken. Belize is bordered to the north by Mexico, south and west by Guatemala, and to the east by the Caribbean Sea. Its mainland is about 290 kilometres (180 mi) long and 110 kilometres (68 mi) wide.

With 22,960 square kilometres (8,860 sq mi) of land and a population of only 333,200 inhabitants (2010 est.), Belize possesses the lowest population density in Central America. The country's population growth rate of 2.21% (2008 est.), however, is the highest in the region and one of the highest in the western hemisphere. Belize's abundance of terrestrial and marine species, and its diversity of ecosystems give it a key place within the globally significant Mesoamerican Biological Corridor.

Belize has a diverse society, comprising many cultures and languages and it is the only nation in the region with a British colonial heritage but as a part of the Western Caribbean Zone, it also shares a common heritage with the Caribbean portions of other Central American countries. In general, Belize is considered to be a Central American nation with strong ties to both the Caribbean and Latin America. Belize is a member of the Caribbean Community (CARICOM), the Community of Latin American and Caribbean States (CELAC), and Sistema de la Integración Centroamericana (SICA).