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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 1.00 0.2 0.3 0.3 1.6 0.8 percent [+]
GDP Annual Growth Rate 1.10 1.9 1.9 2.1 2.3 2.5 percent [+]
GDP 1.77 1.8 1.8 1.8 1.8 1.9 USD Billion [+]
GDP Per Capita Ppp 7831.50 8075 7633 7601 7570 8190 USD [+]
GDP per capita 4320.00 4450 4214 4195 4175 4530 USD [+]
Gdp Constant Prices 737.00 673 731 730 678 685 BZD Million [+]
Gdp From Agriculture 76.10 43.41 77.19 74.84 42.72 44.67 BZD Million [+]
Gdp From Construction 22.90 22.71 22.11 21.82 21.47 19.33 BZD Million [+]
Gdp From Manufacturing 51.50 34.19 50.68 50.63 35.68 37.09 BZD Million [+]
Gdp From Public Administration 78.70 76.36 77.36 78.68 71.32 74.67 BZD Million [+]
Gdp From Services 118.80 115 115 115 114 110 BZD Million [+]
Gdp From Transport 79.20 73.03 78.59 78.15 73.24 74.29 BZD Million [+]
Gdp From Utilities 33.80 35.59 31.81 33.01 36.52 33.76 BZD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.00 9.7 7 7 7 9 percent [+]
Employed Persons 146.90 147 147 147 147 146 Thousand [+]
Unemployed Persons 18.48 16.83 16.78 16.74 16.7 16.48 Thousand [+]
Population 0.38 0.37 0.38 0.38 0.38 0.38 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.70 1.5 1.3 1.3 1.4 2.4 percent [+]
Food Inflation -0.70 -0.17 0 0.07 0.1 0.1 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 2.50 2.5 2.5 2.5 2.75 2.5 percent [+]
Money Supply M0 349.03 349 349 349 348 346 USD Million [+]
Money Supply M1 1497.09 1506 1505 1503 1501 1487 USD Million [+]
Money Supply M2 2877.36 2868 2865 2863 2861 2844 USD Million [+]
Foreign Exchange Reserves 376.60 357 354 352 350 298 USD Million [+]
Loans to Private Sector 1580.70 1580 1578 1575 1573 1522 USD Million [+]
Deposit Interest Rate 2.30 2.35 2.46 2.58 2.69 3.57 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -120.50 -108 -103 -99.24 -96.42 -88.32 BZ $ Million [+]
Exports 22.70 38.95 43.08 45.27 46.56 48.29 BZ $ Million [+]
Imports 143.20 146 145 144 142 136 BZ $ Million [+]
Current Account -46.20 -70.81 -49.49 -68.69 -84.97 -59.51 BZE$ Million [+]
Current Account to GDP -9.40 -5.77 -5 -4.23 -3.45 -1.36 percent [+]
External Debt 1199.20 1212 1213 1214 1215 1191 USD Million [+]
Remittances 94.30 101 102 103 104 103 USD Million [+]
Tourist Arrivals 1261405.00 1126800 1106900 1087000 1067100 993800 [+]
Crude Oil Production 2.00 2.1 2.12 2.15 2.17 2.32 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 68.90 67.6 67.52 67.45 67.37 64.7 percent [+]
Government Budget -3.30 -5.9 -5.53 -5.16 -4.79 -4.15 percent of GDP [+]
Government Budget Value -115.40 -157 -137 -117 -97.26 -49.7 USD Million [+]
Government Spending 1140.40 1191 1193 1196 1198 1130 USD Million [+]
Government Revenues 1002.20 1044 1051 1058 1065 1095 USD Million [+]
Fiscal Expenditure 950.90 1002 1012 1022 1032 1099 USD Million [+]
Military Expenditure 20.60 20.83 20.81 20.79 20.77 20.12 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Ease of Doing Business 112.00 99 98 98 97 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 30 31 31 31 36 Points [+]
Corruption Rank 109.00 102 100 99 97 77 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Private Sector Credit 2006.30 2023 2024 2026 2027 2007 USD Million [+]
Consumer Credit 434.30 432 430 427 425 397 USD Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 12.50 12.5 12.5 12.5 12.5 12.5 percent [+]