Today, the Statistical Institute of Belize published its latest statistics on the consumer price index, external trade, and the 1st quarter 2020 gross domestic product.
Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index stood at 105.32 in April 2020. A decrease of 0.02 percent from 105.35 in April 2019. This was the result of lower prices for various food items, fuel, and liquified petroleum gas (LPG) offsetting higher home rental costs, education fees, and international airfares during the month. The year-to-date inflation rate for the first four months of 2020, when compared to the same period in 2019, stood at 0.2 percent.
Click the following link to read more: Consumer Price Index, April 2020
Merchandise Trade
In April 2020, Belize imported goods valuing $102.6 million. This represented a 30.4 percent or $44.8 million decrease from the same month last year. Merchandise imports for the first four months of the year, January to April 2020, amounted to $587.9 million, representing a 2.4 percent or $14.5 million decrease from the same period last year.
The total value of Belize’s domestic exports for the month of April 2020 was $47.6 million, down 2.7 percent or $1.3 million when compared to exports for April 2019, which were valued at approximately $49 million. Merchandise exports for the period January to April 2020 totaled $110.1 million, down 21.6 percent, or $30.3 million from the same period last year.
Click the following link to read more: External Trade, April 2020
Gross Domestic Product
For the first quarter of 2020, Belize’s economy saw a 4.5 percent decrease in the overall level of production when compared to the same period in 2019. During the months of January to March 2020, the total value of goods and services produced within Belize was valued at $709.6 million, down $33.4 million from $743 million during the first quarter of 2019.
Click the following link to read more: Gross Domestic Product, 1st Quarter 2020
