GDP in Belize
Belize - GDPIn November, Belize’s exports shrank a massive 50.0% year-on-year, with sugar exports accounting for the lion’s share of the drop, decreasing by 98.9% after bulk sugar shipments ran out for 2016. Meanwhile, imports were down by a modest 9.0%, thus widening the trade deficit. On a more positive note, the number of overnight tourist arrivals reached a record high in December. Nevertheless, Belize is unlikely to have crawled out of the ongoing recession by year-end—the country contracted for a third consecutive quarter in Q3.
Belize - GDP Data
|Economic Growth (GDP, annual variation in %)||2.1||3.7||1.3||4.1||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Belize GDP Chart
Source: Central Bank of Belize and FocusEconomics calculations.
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