External Debt in Belize

Belize External Debt | Economic News & Forecasts

Belize - External Debt

The coronavirus pandemic wreaked havoc on an already-precarious economic situation in the first quarter of the year. Merchandise exports plummeted throughout Q1 as demand for key agricultural products diminished, while tourism levels plunged in March as worldwide lockdown measures curtailed visitor arrivals. Heading into the second quarter, the panorama appears similarly dire, with a continuation of severe drought conditions likely affecting key agricultural production. In other news, on 12 May Moody’s cut its credit rating for Belize to Caa1 from B3 and lowered its outlook to negative from stable. The downgrade came on the back of deepening concerns over Belize’s ability to meet upcoming debt payments as the fallout from the coronavirus pandemic ravages vital tourism revenues.

Belize - External Debt Data

2014   2015   2016   2017   2018  
External Debt (% of GDP)76.0  75.8  74.5  74.5  73.7  

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Belize External Debt Chart

Belize External Debt
Note: External debt as % of GDP.
Source: Central Bank of Belize and FocusEconomics calculations.

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