GDP in Belize

Belize GDP | Economic News & Forecasts

Belize - GDP

Although the economy likely remains mired in recession, there have been signs of hope as of late. In March, exports grew a massive 35.5% year-on-year. The print mainly reflected a sharp increase in sugar exports and a modest improvement in banana and crude oil sales. Adding to the good news, on 12 April, credit ratings agency Moody’s upgraded Belize’s sovereign debt rating from Caa2 to B3. According to the agency, the government’s more favorable debt payment schedule following the recent debt restructuring deal has helped decrease the risk of default. However, persistent macroeconomic and fiscal vulnerabilities will constrain the country’s creditworthiness within the B category for the foreseeable future.

Belize - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.1  3.7  1.3  4.1  2.3  

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Belize GDP Chart


Belize GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Belize and FocusEconomics calculations.

Belize Facts

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