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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 5.40 0.7 -0.2 0.9 0.5 0.8 percent
Unemployment Rate 9.00 7 7 6 6 6 percent
Inflation Rate 0.50 0.5 0.4 0.3 0.4 0.6 percent
Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent
Balance of Trade -135.00 -105 -109 -115 -113 -105 BZ $ Million
Government Debt to GDP 67.40 67.1 67.1 67.6 67.6 67.2 percent
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 5.40
percent
0.7 -0.2 0.9 0.5 0.8
GDP Annual Growth Rate 5.40
percent
2.3 2 1.9 1.8 2.3
GDP 1.84
USD Billion
1.9 1.87 1.94 1.94 2
GDP Per Capita Ppp 7824.40
USD
7796 8110 8125 8125 8190
GDP per capita 4315.22
USD
4300 4300 4400 4400 4500
Gdp Constant Prices 765.33
BZD Million
665 711 761 779 741
Gdp From Agriculture 86.88
BZD Million
47.2 49.19 78.23 88.45 51.28
Gdp From Construction 23.07
BZD Million
22.46 20.58 21.58 23.49 21.46
Gdp From Manufacturing 51.10
BZD Million
31.51 32.74 52.27 52.02 34.13
Gdp From Public Administration 79.80
BZD Million
69.15 79.56 81.11 81.24 82.94
Gdp From Services 152.40
BZD Million
137 144 149 155 150
Gdp From Transport 77.40
BZD Million
74.07 78.85 79.18 78.79 82.19
Gdp From Utilities 47.30
BZD Million
43.58 42.02 37.7 48.15 43.81
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 9.00
percent
7 7 6 6 6
Employed Persons 150.10
Thousand
150 151 151 151 149
Unemployed Persons 18.48
Thousand
18.48 18.48 18.48 18.48 18.48
Population 0.39
Million
0.39 0.39 0.39 0.39 0.41
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.50
percent
0.5 0.4 0.3 0.4 0.6
Food Inflation -0.60
percent
-0.5 -0.6 0.4 0.3 1
Consumer Price Index Cpi 105.00
Index Points
105 106 105 105 107
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M0 367.72
USD Million
377 382 387 393 443
Money Supply M1 1574.80
USD Million
1573 1571 1571 1570 1570
Money Supply M2 2960.80
USD Million
2971 2986 3001 3016 3159
Foreign Exchange Reserves 312.00
USD Million
295 279 280 281 316
Loans to Private Sector 1577.70
USD Million
1569 1566 1561 1556 1477
Deposit Interest Rate 2.10
percent
2.1 2.1 2.1 2.1 2.1
Banks Balance Sheet 3208519.00
USD Million
316000 320000 320000 319000 321000
Central Bank Balance Sheet 1031915.25
USD Million
114000 118000 125000 123000 120000
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -135.00
BZ $ Million
-105 -109 -115 -113 -105
Exports 35.90
BZ $ Million
55 50 45 47 55
Imports 170.80
BZ $ Million
160 159 160 160 160
Current Account -47.60
BZE$ Million
-97.16 -84.99 23.2 25 -70
Current Account to GDP -7.00
percent
-6.4 -6.4 -4.2 -4.2 -3.6
External Debt 1255.80
USD Million
1270 1270 1285 1285 1280
Remittances 87.90
USD Million
86.95 86.36 85.52 84.69 74.03
Tourist Arrivals 1301967.00
1283100 1274500 1278250 1282000 1285800
Crude Oil Production 2.00
BBL/D/1K
2 2 2 2 2
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 67.40
percent
67.1 67.1 67.6 67.6 67.2
Government Budget -3.00
percent of GDP
-6.2 -6.2 -6 -6 -5.1
Government Budget Value -113.10
USD Million
20 20 -15 -15 -105
Government Spending 1198.90
USD Million
1238 1223 1222 1220 1275
Government Revenues 1032.00
USD Million
1070 1070 1085 1085 1095
Fiscal Expenditure 1004.20
USD Million
1050 1050 1100 1100 1200
Military Expenditure 22.40
USD Million
21 21 22.44 22.52 24
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 2276.27
KBps
2207 2278 2204 2279 2279
IP Addresses 22700.00
IP
23104 23015 23002 23062 23029
Ease of Doing Business 121.00
110 110 111 112 103
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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Private Sector Credit 2012.90
USD Million
2027 2028 2035 2043 2124
Consumer Credit 440.50
USD Million
454 457 457 458 452
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 12.50
percent
12.5 12.5 13 13 13
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 154.82
mm
262 184 73.41 174 174
Temperature 25.18
celsius
26.43 23.7 23.61 25.76 25.67