Current Account in Belize
Belize - Current Account (billions of U.S. Dollars)Economic activity expanded 14.8% in Q4 2021, up from Q3’s 13.8%, mainly due to a rebound in the services sector, while industrial activity declined as a drought affected hydroelectric production. Moving on to Q1 2022, the tourism sector likely continued its rebound. Arrivals marked sustained growth through January–February, while the removal of testing requirements for vaccinated travelers from March should have boosted inflows towards the end of the quarter. However, the trade deficit deepened in the first two months of the year, key reasons being high-value imports and the lack of bulk sugar shipments in February. Moving to Q2, the government lifted virtually all remaining Covid-19 restrictions from 1 April, which should be aiding the economic recovery.
Belize - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-0.2||-0.2||-0.1||-0.2||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Belize Current Account (USD bn) Chart
Source: Central Bank of Belize and FocusEconomics calculations.
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