Today, the Statistical Institute of Belize published its latest statistics on the Labor Force Survey, the Multidimensional Poverty Index for September 2024, and the gross domestic product in the 3rd quarter of 2024.
Labour Force Survey
Preliminary results from the Statistical Institute of Belize’s most recent Labour Force Survey (LFS) show that the unemployment rate in September 2024 was 2.1 percent, down from 3.9 percent in September 2023. A reduction of 3,155 unemployed persons primarily drove this drop. The number of employed persons grew by 1,711, while at the same time, an estimated 1,444 persons exited the labor force.
Click the following link to read more: Labour Force Survey, September 2024
Multidimensional Poverty Index
In September 2024, an estimated 22.1 percent of the population were multidimensionally poor, representing a 4.4 percentage point decline since September 2023. This drop was mainly attributed to an estimated 14,070 fewer individuals and 3,534 fewer households experiencing multidimensional poverty between September 2023 and September 2024. Notable improvements were observed in deprivations related to ‘Improved Sanitation’, ‘Access to Internet and ICT’, and the ‘Dependency Ratio’.
While the incidence of poverty decreased between September 2023 and September 2024, the intensity remained largely unchanged, slightly decreasing from 38.4 percent in 2023 to 38.0 percent in 2024.
Click the following link to read more: Multidimensional Poverty Index, September 2024
Gross Domestic Product
The Statistical Institute of Belize’s preliminary Gross Domestic Product (GDP) estimates for the third quarter of July to September 2024 showed that the value of goods and services produced within the country during this period totalled $1.23 billion. This represented an increase of 6.6 percent, or $75.6 million, from the $1.15 billion recorded during the same period in 2023.
Click the following link to read more: Gross Domestic Product, 3rd Quarter 2024
