Economy grows by 22.3 percent in the second quarter, consumer prices up 3.3 percent, and both imports and domestic exports up 44.2 percent and 12.4 percent respectively in July 2021.

In July 2020, Belize imported goods valuing $171.6 million. This represented a 44.2 percent or $52.6 million increase from the same month last year. Merchandise imports for the first seven months of the year, January to July 2021, amounted to $1.1 billion, representing a 22.8 percent or $208.4 million increase from the same period last year when imports totaled $912.8 million.

Total domestic exports for July 2021 amounted to $32.5 million, up by 12.4 percent or $3.6 million from the $28.1 million recorded for July of 2020. Merchandise exports for the period January to July 2021 totaled $232.9 million, up 5.8 percent or $12.8 million from that same period last year, when total domestic exports were valued at $220.1 million.

Click the following link to read more: External Trade, July 2021

The Statistical Institute of Belize’s Gross Domestic Product estimates for the second quarter, April to June of 2021, indicated that the country’s overall level of economic activity increased 22.3 percent when compared to the second quarter of 2020. The total value of goods and services produced within Belize during the period were valued at $711.4 million, up by $129.6 million from $581.8 million produced during the same three months of 2020.

Click the following link to read more: Gross Domestic Product, 2nd Quarter 2021