Current Account in Belize
Belize - Current AccountThe economy should have continued to grow in Q3, despite rising new Covid-19 cases and a curfew being in effect. Tourist arrivals ebbed slightly in the quarter, but remained well above 2020’s levels. Moreover, soaring imports in the same period continue to signal a buoyant domestic sector. Meanwhile, exports were robust in Q3, largely due to upbeat sales of bulk sugar in August, which comfortably surpassed last year’s value. Heading into Q4, high daily new Covid-19 cases from September onwards forced the government to extend restrictive measures recently, with the nightly curfew now in place until 1 December, and bars and nightclubs remaining closed. The current wave of cases is likely to continue taking a toll on activity, with only around 49% of the population fully vaccinated by late October.
Belize - Current Account Data
|Current Account (% of GDP)||-10.0||-8.5||-7.8||-8.1||-|
5 years of economic forecasts for more than 30 economic indicators.
Belize Current Account Chart
Source: Central Bank of Belize and FocusEconomics calculations.
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