21, Nov 2009, CST. Welcome to the Belize economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Belize › Change country
National or Regional Currency: Belize Dollar, BZD
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 307,899 (July 2009 est.)
Area: total: 22,966 sq km land: 22,806 sq km water: 160 sq km
Natural Resources: arable land potential, timber, fish, hydropower
Government Type: Belize government type
Government Ministers: Belize ministers
Capital: Belmopan
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

In this small, essentially private-enterprise economy, tourism and transportation is the number one foreign currency exchange earner followed by exports of marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and financial policies, initiated in September 1998, led to sturdy Gross Domestic Product (GDP) growth averaging nearly 4 per cent in 1999-2007, though growth slipped under 3 per cent in 2008 as a result of the global slump. Oil and gas discoveries in 2006 boosted the growth of the economy. Exploration efforts perpetuate though no new production is expected in 2009. Major concerns perpetuate to be the significant trade (imports and exports) deficit and unmaintainable foreign public debt equivalent to nearly 90 per cent of Gross Domestic Product (GDP). In February 2007, the state restructured nearly all of its public external commercial public debt, which will reduction of interest payments and relieve liquidity concerns. A key short-term objective remains the reduction of poverty with the aid of international donors.
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GDP (Constant Prices, National Currency) for Belize in year 2008 is BZD 2.359 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Belize in year 2008 is 3 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Belize in year 2008 is BZD 2.762 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Belize in year 2008 is US$ 1.381 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Belize in year 2008 is 117.077 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Belize in year 2008 is BZD 7,361.84 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Belize in year 2008 is BZD 8,619.04 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Belize in year 2008 is US$ 4,309.52 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Belize in year 2008 is not available

GDP (PPP), US Dollars for Belize in year 2008 is US$ 2.525 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Belize in year 2008 is US$ 7,881.51 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Belize in year 2008 is 0.004 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Belize in year 2008 is 1.094 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Belize in year 2008 is not available

Gross National Savings (% of GDP) for Belize in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belize in year 2008 is 128.538 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Belize in year 2008 is 6.389 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Belize in year 2008 is 128.063 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Belize in year 2008 is 4.44 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Belize in year 2008 is not available

Unemployment Rate (% of Labour Force) for Belize in year 2008 is not available

Employment for Belize in year 2008 is not available

Population for Belize in year 2008 is 0.32 Million .

General Government Balance (National Currency) for Belize in year 2008 is not available

General Government Balance (% of GDP) for Belize in year 2008 is not available

General Government Structural Balance (National Currency) for Belize in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Belize in year 2008 is not available

General Government Net Debt (National Currency) for Belize in year 2008 is not available

General Government Net Debt (% GDP) for Belize in year 2008 is not available

General Government Gross Debt (National Currency) for Belize in year 2008 is not available

General Government Gross Debt (% GDP) for Belize in year 2008 is not available

Current Account Balance (US Dollars) for Belize in year 2008 is US$ -0.158 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Belize in year 2008 is -11.439 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.