GDP in Belize

Belize GDP | Economic News & Forecasts

Belize - GDP

Revised figures for third quarter GDP described a less flattering picture than previously envisaged, with data showing economic activity contracted in the period. A slump in the secondary sector drove the downturn, as drought affected the electricity and water production sub-sector. Turning to Q4, tourism figures bounced back from a slowdown in Q3, boding well for the all-important tertiary sector. In other news, the IMF recently published its Article IV consultation report, commenting positively on efforts to improve the policy framework and the strengthening of the fiscal position. However, the Fund flagged the country’s hefty public debt levels and vulnerability to natural disasters, and encouraged measures to broaden the tax base.

Belize - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)3.7  3.4  -0.6  1.4  3.2  

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Belize GDP Chart

Belize GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Belize and FocusEconomics calculations.

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