Yesterday, the Statistical Institute of Belize published its latest statistics on the consumer price index, external trade, and 2nd quarter Gross Domestic Product.
Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index for July 2017 stood at 104.4, an increase from 103.8 in July 2016.On average, during this month in 2017, the prices of goods and services regularly purchased by Belizean households were 0.6 percent higher than they were in the same month of 2016. For the first seven months of 2017, a year-to-date inflation rate of 1.4 percent was recorded.
Click the following link to read more: Consumer Price Index, July 2017
In July 2017, Belize imported goods valuing $154.1 million. This represented an 8.4 percent or $14 million decrease from the same month last year. Merchandise imports for the first seven months of 2017 totaled $1.05 billion, representing a 5.3 percent or $59 million decrease from the same period last year.
The total value of Belize’s domestic exports for the month of July 2017 was $28.4 million, down 5.3 percent or $1.6 million from the $30 million recorded for July 2016. Merchandise exports for the period January to July 2017 totaled $304.7 million, up $16.4 million from the same period last year.
Click the following link to read more: External Trade, July 2017
Gross Domestic Product
For the three months from April to June 2017, Belize’s economy saw a 1.1 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 $737 million, up almost $8 million from $729 million produced in the second quarter of 2016. For the first half of the year, the country’s level of production was 1.1 percent higher than in 2016.
Click the following link to read more: Gross Domestic Product, 2nd Quarter 2017