The Gross Domestic Product (GDP) in Belize contracted 0.90 percent in the first quarter of 2020 over the previous quarter.
GDP Growth Rate in Belize averaged 0.92 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 -10.90 percent in the first quarter of 2001. 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 July of 2020. source: Statistical Institute of Belize
GDP Growth Rate in Belize is expected to be 8.30 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 1.10 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.