Belize - Forecast - 2018-2020

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.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10 0.3 0.3 2.8 1.4 0.8 percent
Unemployment Rate 8.00 7 7 7 7 9 percent
Inflation Rate 1.00 1.2 1.3 0.8 1.4 1.3 percent
Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent
Balance of Trade -137.60 -115 -108 -104 -101 -89.1 BZ $ Million
Government Debt to GDP 68.90 66.85 67.1 67.35 67.6 63.6 percent
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10
percent
0.3 0.3 2.8 1.4 0.8
GDP Annual Growth Rate 0.50
percent
1.9 2.1 2.3 2.2 2.5
GDP 1.77
USD Billion
1.8 1.8 1.8 1.8 1.9
GDP Per Capita Ppp 7831.50
USD
7921 7835 7750 8110 8190
GDP per capita 4320.00
USD
4375 4328 4280 4490 4530
Gdp Constant Prices 662.50
BZD Million
737 727 673 680 688
Gdp From Agriculture 42.70
BZD Million
77 74 68 75 90
Gdp From Construction 27.20
BZD Million
26.22 25.91 25.51 25.14 21.94
Gdp From Manufacturing 30.30
BZD Million
54.28 52.69 32.8 33.9 36.74
Gdp From Public Administration 67.60
BZD Million
74.63 77.14 69.5 74.9 73.61
Gdp From Services 137.40
BZD Million
135 135 134 134 129
Gdp From Transport 72.10
BZD Million
80.46 80.23 72.8 73.02 74.39
Gdp From Utilities 42.50
BZD Million
32.1 33.59 38.96 37.1 34.62
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 8.00
percent
7 7 7 7 9
Employed Persons 146.90
Thousand
141 143 145 147 145
Unemployed Persons 18.48
Thousand
16.78 16.74 16.7 16.66 16.42
Population 0.38
Million
0.37 0.37 0.37 0.37 0.38
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.00
percent
1.2 1.3 0.8 1.4 1.3
Food Inflation 0.10
percent
0.2 0.4 0.5 0.6 0.7
Consumer Price Index Cpi 105.11
Index Points
105 105 105 105 104
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M0 349.29
USD Million
349 349 349 348 345
Money Supply M1 1478.01
USD Million
1477 1475 1473 1472 1452
Money Supply M2 2869.65
USD Million
2868 2867 2865 2863 2840
Foreign Exchange Reserves 376.60
USD Million
362 360 359 357 277
Loans to Private Sector 1580.70
USD Million
1581 1581 1580 1580 1484
Deposit Interest Rate 2.30
percent
2.72 2.59 2.47 2.35 3.89
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -137.60
BZ $ Million
-115 -108 -104 -101 -89.1
Exports 16.90
BZ $ Million
36.69 41.34 43.81 45.39 47.89
Imports 154.50
BZ $ Million
151 150 148 146 137
Current Account -161.60
BZE$ Million
-41.7 -49.68 -116 -98.91 -69.64
Current Account to GDP -9.40
percent
-6.76 -6.43 -6.1 -5.77 -2.68
External Debt 1199.20
USD Million
1250 1250 1250 1250 1270
Remittances 94.30
USD Million
90 93.63 97.26 101 98.02
Tourist Arrivals 1261405.00
1104900 1112200 1119500 1126800 993800
Crude Oil Production 2.00
BBL/D/1K
2.12 2.15 2.17 2.19 2.36
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 68.90
percent
66.85 67.1 67.35 67.6 63.6
Government Budget -3.30
percent of GDP
-6.2 -6.2 -6.2 -6.2 -5.1
Government Budget Value -115.40
USD Million
-172 -167 -162 -157 -47.96
Government Spending 1140.40
USD Million
1277 1249 1220 1191 1103
Government Revenues 1002.20
USD Million
1026 1032 1038 1044 1099
Fiscal Expenditure 950.90
USD Million
957 972 987 1002 1116
Military Expenditure 20.60
USD Million
21 21 21 21 24
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 2276.27
KBps
1935 1898 1860 1820 1530
IP Addresses 22700.00
IP
22289 21889 21657 21342 18188
Ease of Doing Business 121.00
111 111 110 110 103
Competitiveness Index 3.52
Points
3.52 3.52 3.52 3.52 3.52
Competitiveness Rank 123.00
123 123 123 123 123
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Private Sector Credit 2006.30
USD Million
1999 2007 2015 2023 1980
Consumer Credit 434.30
USD Million
420 424 428 432 385
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 12.50
percent
13 13 13 13 13
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 154.82
mm
73.26 160 262 184 174
Temperature 25.18
celsius
23.57 26.75 26.43 23.7 25.67