Current Account in Belize

Belize Current Account | Economic News & Forecasts

Belize - Current Account

First quarter growth was likely subdued following the sharp slowdown in the final quarter of 2018. Merchandise exports tumbled in Q1 amid shrinking shipments of citrus products, and the adverse timing of bulk sugar deliveries which hampered sugar exports in the quarter. Nevertheless, tourist and cruise ship arrivals rose at a brisk pace in January and February, which should have bolstered growth in Q1. On the political front, a majority of Belizeans voted in a referendum on 8 May to request a hearing with the International Court of Justice for a decision on a longstanding territorial dispute with Guatemala. This could help end the bilateral conflict and the uncertainty it brings.

Belize - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.5  -7.5  -9.7  -8.3  -7.0  

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Belize Current Account Chart

Belize Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Belize and FocusEconomics calculations.

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