Belize - Forecast | 2017-2020

This page has economic forecasts for Belize including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belize economy.


GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.04 0.3 0.4 0.2 0.3 0.8 percent [+]
GDP Annual Growth Rate -1.20 0.3 0.6 1 1.5 2.5 percent [+]
GDP 1.75 1.87 1.8 1.8 1.82 2.03 USD Billion [+]
GDP Per Capita Ppp 7967.77 8075 8075 8075 7897 8190 USD [+]
GDP per capita 4392.55 4450 4391 4450 4354 4530 USD [+]
Gdp From Agriculture 42.49 70.67 44.56 44.88 68.47 47.12 BZD Million [+]
Gdp From Construction 22.70 23.34 23.04 23.07 23.21 23.11 BZD Million [+]
Gdp From Manufacturing 33.40 51.15 34.04 36.71 53.27 38.68 BZD Million [+]
Gdp From Public Administration 68.80 78.06 70.42 76.27 78.51 76.16 BZD Million [+]
Gdp From Services 116.20 116 117 117 116 117 BZD Million [+]
Gdp From Transport 68.20 75.04 68.25 70.41 76.12 70.9 BZD Million [+]
Gdp From Utilities 43.00 33.73 41.04 39.91 36.68 38.79 BZD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 10.10 9.7 9.7 9.7 9.6 9.4 percent [+]
Employed Persons 138.10 138 140 141 142 155 Thousand [+]
Unemployed Persons 18.48 18.48 18.48 18.48 18.48 18.48 Thousand [+]
Population 0.37 0.36 0.37 0.37 0.37 0.39 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.20 1.3 1.4 1.5 1.3 2.4 percent [+]
Food Inflation -1.70 -1.77 -1.76 -1.76 -1.76 -1.76 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent [+]
Money Supply M0 344.64 365 372 379 386 460 USD Million [+]
Money Supply M1 1470.01 1392 1373 1360 1353 1341 USD Million [+]
Money Supply M2 2935.60 2819 2792 2757 2735 2666 USD Million [+]
Foreign Exchange Reserves 436.70 431 397 363 358 378 USD Million [+]
Loans to Private Sector 1555.90 1568 1580 1592 1597 1716 USD Million [+]
Deposit Interest Rate 2.30 2.13 2.05 1.97 1.93 1.71 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -85.20 -124 -122 -121 -121 -121 BZ $ Million [+]
Exports 69.83 46.38 42.56 41.88 41.76 41.73 BZ $ Million [+]
Imports 155.00 155 156 156 156 156 BZ $ Million [+]
Current Account -87.10 -96.01 -146 -129 -87.47 -121 BZE$ Million [+]
Current Account to GDP -10.00 -6.95 -7.04 -7.12 -6.44 -1.82 percent [+]
External Debt 1175.80 1178 1193 1209 1217 1312 USD Million [+]
Remittances 82.40 84.15 84.62 85.1 85.1 86.93 USD Million [+]
Tourist Arrivals 1177056.00 1031435 966666 901898 867125 967542 [+]
Crude Oil Production 2.00 2 2 2 2 2 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 68.90 68.22 68.64 69.07 69.16 69.97 percent [+]
Government Budget -3.30 -6.27 -6.11 -5.95 -5.62 -4.54 percent of GDP [+]
Government Budget Value -288.70 -164 -196 -228 -226 -42.75 USD Million [+]
Government Spending 1281.32 1271 1324 1377 1399 1703 USD Million [+]
Government Revenues 968.60 976 991 1006 1015 1151 USD Million [+]
Fiscal Expenditure 889.90 889 913 936 946 1080 USD Million [+]
Military Expenditure 20.60 20.05 20.28 20.5 20.63 20.55 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 112.00 106 103 99 98 80 [+]
Competitiveness Index 3.52 3.52 3.52 3.52 3.52 3.52 Points [+]
Competitiveness Rank 123.00 123 123 123 123 123 [+]
Corruption Index 29.00 31 31 30 31 36 Points [+]
Corruption Rank 109.00 98 100 102 100 77 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Private Sector Credit 1974.40 1994 2000 2007 2011 2129 USD Million [+]
Consumer Credit 429.80 424 419 413 409 343 USD Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 12.50 12.5 12.5 12.5 12.5 12.5 percent [+]