Today, the Statistical Institute of Belize published its latest statistics on the consumer price index, external trade, and 3rd quarter Gross Domestic Product.
Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index for October 2017 stood at 104.6, an increase from 103.6 in October 2016. On average, during this month in 2017, the prices of goods and services regularly purchased by Belizean households were 0.9 percent higher than they were in the same month of 2016. For the first ten months of 2017, a year-to-date inflation rate of 1.2 percent was recorded.
Click the following link to read more: Consumer Price Index, October 2017
In October 2017, Belize imported goods valuing $168.8 million. This represented an 14 percent or $20.7 million increase from the same month last year. Merchandise imports for the first ten months of 2017 totaled $1.5 billion, representing a 4.1 percent or $64.6 million decrease from the same period last year.
The total value of Belize’s domestic exports for the month of October 2017 was $37.1 million, up 66.4 percent or $14.8 million from the $22.3 million recorded for October 2016. Merchandise exports for the period January to October 2017 totaled $413 million, up $48.1 million from the same period last year.
Click the following link to read more: External Trade, October 2017
Gross Domestic Product
For the three months from July to September 2017, Belize’s economy saw a 0.5 percent increase in the overall level of production when compared to the same period in 2016. The total value of goods and services produced in Belize was $662.5 million, up $3.4 million from $659.1 million produced in the third quarter of 2016. For the first nine months of the year, the country’s level of production was also 0.5 percent higher than in 2016.
Click the following link to read more: Gross Domestic Product, 3rd Quarter 2017