Current Account in Belize

Belize Current Account | Economic News & Forecasts

Belize - Current Account

The economy likely had a solid showing in Q4 2018, buttressed by strong tourism inflows and an improving external sector, while data suggests momentum carried over into Q1 2019. Merchandise exports soared in January; although this was mostly due to a large bulk sugar shipment, other commodity exports rose as well. Related to the crucial sugar market, IDB Invest recently announced a USD 15 million loan to a major sugar producer to help boost production capacity and stem losses from depressed sugar prices. In other news, the country broke ground on a new USD 80 million port in late February, which should be completed by 2020 and is expected to notably increase cruise ship arrivals.

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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