Unemployment in Belize
Belize - UnemploymentGrowth clocked 14.8% in Q4 2021, up from Q3’s 13.8%, mainly on the back of a faster expansion in the services sector. Meanwhile, industrial activity fell sharply as a drought affected hydroelectric production. Turning to Q1 2022, the tourism sector continued its rebound as the number of visitors nearly doubled from January to March. However, the trade deficit deepened in the first three months of the year due to higher imports of machinery and increasing costs for fertilizer and fuels. Moving to Q2, the removal of all Covid-19 restrictions from April should be further boosting tourism inflows and supporting domestic activity. Moreover, in early May, the government signed an agreement with Mexico to improve infrastructure and transport links and increase trade between the two countries, boding well for momentum ahead.
Belize - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Belize Unemployment Chart
Source: Central Bank of Belize.
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