Fiscal Balance in Belize

Belize Fiscal Balance | Economic News & Forecasts

Belize - Fiscal Balance

The fourth quarter should have seen the economy growing modestly, led by surging tourist inflows. The tourism sector had a record-breaking performance in 2018, attracting nearly half a million overnight stays in the year and over one million cruise passenger arrivals, with December posting the strongest month-on-month surge in cruise arrivals in history. Meanwhile, merchandise exports recovered in November, on higher revenue from major commodities including sugar and bananas. Nevertheless, cumulative export earnings from January–November declined by more than 10% from the same period a year prior, weighed on by the depressed sugar market, and despite stronger petroleum and marine product exports.

Belize - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.6  -2.4  -7.4  -3.8  -4.1  

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