The Gross Domestic Product (GDP) in Belize contracted 23.30 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Belize averaged 3.04 percent from 1995 until 2020, reaching an all time high of 21.10 percent in the fourth quarter of 2000 and a record low of -23.30 percent in the second quarter of 2020. This page provides - Belize Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belize GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020. source: Statistical Institute of Belize
GDP Annual Growth Rate in Belize is expected to be -16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belize to stand at 15.00 in 12 months time. In the long-term, the Belize GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 2.10 percent in 2022, according to our econometric models.