Today, the Statistical Institute of Belize published its latest statistics on the consumer price index, external trade, and the 4th quarter of 2021 gross domestic product.
Consumer Price Index
For the first month of 2022, the All-Items Consumer Price Index (CPI), which summarizes price levels across all categories of goods and services, stood at 105.4, an increase of 4.1 percent from the 101.3 recorded for January 2021. This indicated that, on average, the country experienced an overall national inflation rate of 4.1 percent on the cost of goods and services commonly purchased by Belizean households. This overall increase in consumer prices was driven primarily by a significant rise in motor vehicle fuel prices, coupled with higher prices for various food items, liquefied petroleum gas (LPG), restaurant services, and household cleaning and maintenance products.Click the following link to read more: Consumer Price Index, January 2022
Merchandise Trade
Belize’s total imports for January 2022 were valued at $190.5 million. This was a significant increase of 44.5 percent or $58.7 million compared to the $131.9 million imported in January 2021.Total domestic exports for January 2022 amounted to $20 million, representing a 23.8 percent or $3.9 million increase from the $16.2 million recorded for January 2021.
Click the following link to read more: External Trade, January 2022
Gross Domestic Product
The Statistical Institute of Belize’s preliminary constant price Gross Domestic Product estimates for the fourth quarter of 2021 showed that from October to December 2021, the value of goods and services produced within Belize totaled $657.9 million. This increased 14.8 percent or $84.6 million from $573.3 million produced in the same period of 2020 and marked the third consecutive quarter for which an increase in production was recorded.Click the following link to read more: Gross Domestic Product, 4th Quarter 2021
