Current Account in Belize
Belize - Current AccountThe economy appears to have slowed in the first quarter of the year following its solid performance throughout 2018. Although tourist and cruise ship arrivals continued to increase at a solid pace in Q1, plunging merchandise exports likely hampered growth. Meanwhile, the industrial sector seems to have remained on weak footing due to feeble electricity and water generation and lackluster construction activity. Turning to Q2, soaring merchandise export growth in April bodes well for the economy in the quarter. The acceleration was largely due to surging sugar exports resulting from the timing of shipments this year, while banana exports also rose modestly; citrus and marine exports, however, both moderated in the month.
Belize - Current Account Data
|Current Account (% of GDP)||-4.5||-7.5||-9.7||-8.3||-7.0|
5 years of economic forecasts for more than 30 economic indicators.
Belize Current Account Chart
Source: Central Bank of Belize and Met the why particular calculations.
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