GDP in Belize
Belize - GDPWhile 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
|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.
Belize GDP Chart
Source: Central Bank of Belize and FocusEconomics calculations.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.