Belize: Recent Economic Developments
October 28, 1998
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This paper describes economic developments in Belize during the 1990s. Economic activity slackened in 1993–97, with a sharp slowdown in domestic investment and a sluggish performance of services following the withdrawal in 1994 of the United Kingdom garrison that had been stationed in Belize. Investment fell from its peak of 32 percent of GDP in 1993 to 23¾ percent of GDP in 1997 as both public and private capital formation declined, and national savings fell from 23 percent of GDP in 1993 to 18 percent of GDP in 1997.
Subject: Banking, Commercial banks, Credit, Economic sectors, Exports, Financial institutions, International trade, Money, Public sector, Revenue administration
Keywords: balance of payments, capital account, capital flow, Caribbean, Central America, central bank building, Commercial banks, consumer goods, CR, Credit, current account, debt service, economic activity, Europe, exchange rate, Exports, fiscal year, free market, ISCR, percent of GDP, Public sector, public sector deficit, trade balance
Pages:
96
Volume:
1998
DOI:
Issue:
109
Series:
Country Report No. 1998/109
Stock No:
1BLZEA0011998
ISBN:
9781451805420
ISSN:
1934-7685
