The economy in Belize shrank 0.4 percent year-on-year in the second quarter of 2019, following a downwardly revised 0.3 percent contraction in the previous period. It was the sharpest contraction since the last quarter of 2016, as output went down in hotels & restaurants (-11.1 percent vs 2.8 percent in Q2) and dropped further in utilities (-24.1 percent vs -20.8 percent) and fishing (-37 percent vs -7.2 percent). Also, output growth slowed in wholesale & retail trade (1.2 percent vs 2.2 percent); public administration (4.6 percent vs 5.9 percent) and other private services (2.6 percent vs 2.8 percent).
GDP Annual Growth Rate in Belize averaged 3.56 percent from 1995 until 2019, reaching an all time high of 21.10 percent in the fourth quarter of 2000 and a record low of -8 percent in the fourth quarter of 1995. This page provides - Belize Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Institute of Belize
GDP Annual Growth Rate in Belize is expected to be 2.10 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 2.00 in 12 months time. In the long-term, the Belize GDP Annual Growth Rate is projected to trend around 1.80 percent in 2021, according to our econometric models.