The Gross Domestic Product (GDP) in Belize contracted 0.50 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Belize averaged 0.93 percent from 1994 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2000 and a record low of -10.60 percent in the first quarter of 2001.
GDP Growth Rate in Belize is expected to be 0.40 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 0.60 in 12 months time. In the long-term, the Belize GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.