GDP in Belize
Belize - GDPThe economy reemerged from recession in Q1, growing for the first time since Q3 2015. According to a preliminary estimate, GDP grew 2.1% in the first quarter, fueled by a strong agricultural sector which recovered from last year’s Hurricane Earl. Despite the encouraging GDP reading, a recent IMF staff visit to the country considered that the medium-term outlook remains weak as public debt and the current account deficit are still high. The Fund advises Belize to step up its fiscal consolidations efforts in order to solve these issues.
Belize - GDP Data
|Economic Growth (GDP, annual variation in %)||2.1||3.7||1.3||4.1||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Belize GDP Chart
Source: Central Bank of Belize and FocusEconomics calculations.
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