GDP in Belize

Belize GDP | Economic News & Forecasts

Belize - GDP

While there is no official GDP data for Q4 yet, the economy likely shrank in 2016 as it contracted for a third consecutive quarter in Q3. Last year’s poor economic performance was mainly driven by a massive 25% fall in exports, which was the result of lower banana and citrus exports. Furthermore, a devastating hurricane swept through Belize in August 2016, causing damage to the tourism sector, which had performed well in the first half of last year. On a more positive note, on 7 March, the government of Belize and holders of its outstanding 2038 bonds finally reached an agreement to restructure the terms of the notes. The changes include an interest rate cut and modification to the amortization payment schedule.

Belize - GDP Data

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

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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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