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Agriculture and mining are the principal economic activities. Sugarcane and rice are the leading crops, and corn, coconuts, and citrus fruit are also grown. Cattle and other livestock are raised. Bauxite, manganese, gold, and diamonds are mined. There are large forest resources (notably greenheart and balatA) that have been exploited. The bauxite industry, among others, was nationalized in the early 1970s.
The chief exports are bauxite, alumina, sugar, rice, shrimp, gold, and timber. 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. The United States, Canada, and the United Kingdom are the most important trading partners.
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