Fiscal Balance in Belize
Belize - Fiscal BalanceThe economy seems to have strengthened at the end of 2019, likely bringing annual growth for the entire year close to the rates observed in the previous two years. The third quarter contraction, driven by a slump in activity within the drought-blighted electricity and water production sectors, looks likely to have been reversed in the fourth quarter, despite the prolonged lack of rainfall in the country. Merchandise exports picked up in Q4, boding well for the external sector; tourism arrivals rebounded in the same period, accelerating from a slowdown in Q3; while strong domestic credit growth in October–November and sustained low inflation rates bode well for private consumption in the final quarter of 2019.
Belize - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.2||-8.0||-3.4||-2.8||-0.7|
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