Trade Balance in Belize

Belize Trade Balance | Economic News & Forecasts

Belize - Trade Balance

Economic momentum in the first quarter likely cooled amid a less favorable base effect. Moreover, industrial output contracted notably and the merchandise trade deficit widened, further dragging on the overall economy. Moving into the second quarter, the removal of all Covid-19 restrictions from April onwards bodes well for the tourism sector. Following stellar growth in the first quarter, arrivals jumped just over 168% in April year on year, improving even further. This should feed back into firming domestic demand. However, elevated price pressures will likely impede household spending somewhat. Particularly, transport and food prices ballooned. Elevated inflation is linked to the spillover effects from the war in Ukraine, which has pushed up global energy and food commodity prices.

Belize - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-0.4  -0.4  -0.4  -0.4  -0.5  

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Belize Trade Balance Chart

Belize Trade
Note: Trade balance in (USD bn).
Source: Central Bank of Belize and FocusEconomics calculations.

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