Today, the Statistical Institute of Belize published its latest statistics on the consumer price index, external trade, and 4th quarter 2020 gross domestic product.
Consumer Price Index
The most recent figures from the Statistical Institute of Belize’s monthly Consumer Price Index (CPI) survey show that, for the first month of the year in 2021, the All-Items CPI stood at 101.3, an overall increase of 1 percent from 100.2 in the first month of the year in 2020 (see Figure 1). This indicates that, on average, while prices for some types of goods and services increased and others decreased, the goods and services most typically purchased by Belizean households cost 1 percent more in January 2021 than they did in January of 2020. This overall change was the net effect of higher costs for food items, personal care products, and home rentals being counteracted by considerable reductions in prices for hotel accommodations and fuel.
Click the following link to read more: Consumer Price Index, January 2021
Merchandise Trade
For the month of January 2021, Belize imported goods valuing almost $131.9 million. This represented an 18 percent or a $29 million decrease from the same month in 2020, when imports totaled $160.8 million.
Total domestic exports for January 2021 amounted to $16.2 million, up a negligible 1.1 percent or $0.2 million when compared to exports for January 2020, which were valued at $16 million.
Click the following link to read more: External Trade, January 2021
Gross Domestic Product
The Statistical Institute of Belize’s preliminary fourth-quarter Gross Domestic Product estimates showed that, during the months of October to December 2020, the overall level of production for the country of Belize declined by 13.1 percent in comparison to the same three months in 2019. The total value of goods and services produced within the country for this period stood at $592.6 million, down $89.6 million from $682.2 million produced in the fourth quarter of 2019.Click the following link to read more: Gross Domestic Product, 4th Quarter 2020
