Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index for February 2019 stood at 104.6, an increase of 0.1 percent from 104.5 in February 2018. On average, during this month in 2019, the prices of goods and services regularly purchased by Belizean households were 0.1 percent higher than they were in the same month of 2018.
Higher prices for various food items, international airfares and Liquefied Petroleum Gas (LPG) slightly overshadowed a drop in home rental costs and fuel prices during the month.
Click the following link to read more: Consumer Price Index, February 2019
Merchandise Trade
In February 2019, Belize imported goods valuing $146 million. This represented a 6.8 percent or $9.2 million increase from the same month last year. A significant 51 percent growth in the ‘Mineral Fuels and Lubricants’ category was the leading contributor to the rise in imports for the month. Merchandise imports for the first two months, January to February 2019, amounted to $307.8 million, representing a 9.6 percent or $26.9 million increase from the same period last year.
The total value of Belize’s domestic exports for the month of February 2019 was $25.5 million, up 13.4 percent or a little over $3 million from the $22.5 million recorded for February 2018. Increased earnings, mainly from bananas and sugar, drove this overall growth in domestic exports for the month. Merchandise exports for the period January to February 2019 totaled $65.1 million, up 36.1 percent or $17.3 million from the same period last year.
Click the following link to read more: External Trade, February 2019
Gross Domestic Product
For the fourth quarter of 2018, Belize’s economy saw a 1.3 percent increase in the overall level of production when compared to the same period in 2017. The total value of goods and services produced in Belize was $706.4 million, up $9.2 million from $697.2 million in the fourth quarter of 2017.
Click the following link to read more: Gross Domestic Product, 4rd Quarter 2018
The 2018 Annual Economic Report’s release was postponed and is now scheduled to be released on April 24th, 2019.
