The Gross Domestic Product (GDP) in Belize contracted 18.80 percent in the second quarter of 2020 over the previous quarter. source: Statistical Institute of Belize

GDP Growth Rate in Belize averaged 0.71 percent from 1994 until 2020, reaching an all time high of 13.50 percent in the fourth quarter of 2000 and a record low of -18.80 percent in the second quarter of 2020. This page provides the latest reported value for - Belize GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belize GDP Growth Rate - values, historical data and charts - was last updated on February of 2021.

GDP Growth Rate in Belize is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Belize to stand at 0.70 in 12 months time. In the long-term, the Belize GDP Growth Rate is projected to trend around 0.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.

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Belize GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-18.80 -2.00 13.50 -18.80 1994 - 2020 percent Quarterly

Belize GDP Last Previous Highest Lowest Unit
GDP Growth Rate -18.80 -2.00 13.50 -18.80 percent [+]
GDP Annual Growth Rate -23.30 -6.20 21.10 -23.30 percent [+]
GDP 1.88 1.87 1.88 0.03 USD Billion [+]
GDP Per Capita Ppp 7004.90 7119.10 7431.70 4798.10 USD [+]
GDP per capita 4149.86 4217.51 4402.69 1079.38 USD [+]
GDP Constant Prices 592.62 578.90 752.20 282.65 BZD Million [+]
GDP From Agriculture 47.02 50.00 83.30 18.66 BZD Million [+]
GDP From Construction 24.53 25.47 25.47 9.58 BZD Million [+]
GDP From Manufacturing 30.70 33.31 106.50 19.74 BZD Million [+]
GDP From Public Administration 86.40 77.33 87.30 31.49 BZD Million [+]
GDP From Services 112.27 112.10 154.60 33.89 BZD Million [+]
GDP From Transport 45.90 62.40 67.20 20.30 BZD Million [+]
GDP From Utilities 29.90 22.80 47.00 2.70 BZD Million [+]